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Automotive Headliners Market Size
Automotive Headliners Market size valued at USD 18 billion in 2019 and is estimated to exhibit 4.8% CAGR from 2020 to 2026. Shifting trend towards interior styling and convenience features are the major factors augmenting the automotive headliners industry growth. Consumer behavior is heavily influenced by the comfort level and lucrative interior, thus spending heavily on personalized interiors to achieve the desired comfort level will increase the industry share.
Product manufacturers are primarily investing in human-centric design technologies to enhance passenger comfort and appealing vehicle interiors. They offer additional features, such as 3D laminated glass, augmented technology, sensors along with advanced materials, to enhance the overall consumer experience.
The COVID-19 pandemic has resulted in supply-chain disruption across the automotive industry. A temporary suspension of international trades by some countries has significantly influenced product consumption. As a preventive measure, most countries have temporarily closed their manufacturing facilities and imposed restrictions on the mobility of citizens to control the effects of the pandemic.
What factors are driving the growth of the global automotive headliners market?
In 2019, the automotive headliners market size valued more than USD 18 billion and is projected to show a CAGR of 4.8% through 2026, owing to inclination towards interior styling and convenience features.
Which material is likely to dominate the global automotive headliners industry?
The plastic material segment valued over 70% share in the global market in 2019 and is expected to witness substantial growth in the coming years.
How will passenger cars boost the automotive headliners market size growth?
The passenger car segment valued over USD 12.5 billion in 2019 and is expected to the automotive headliners industry through 2026 due to everchanging consumer trend towards upgrading the existing vehicles with advanced technologies.
Which region is expected to prove lucrative for the global automotive headliners industry?
The Asia Pacific region held over 50% market share in 2019 and is anticipated to witness considerable growth over the forecast period.