Automotive Overhead Console Global Market Report 2024

The automotive overhead console market size has grown strongly in recent years. It will grow from $38.46 billion in 2023 to $40.42 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth witnessed during the historic period in the automotive overhead console sector can primarily be attributed to various factors. These include heightened consumer demand for advanced features within vehicles, an increased emphasis on enhancing interior aesthetics, the integration of sophisticated infotainment systems, the growth observed in the luxury vehicle segment, and regulatory efforts focused on enhancing safety and convenience features in vehicles.

The automotive overhead console market size is expected to see strong growth in the next few years. It will grow to $49.24 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. Anticipated growth in the forecast period within the automotive overhead console industry is expected to be influenced by several key factors. These factors include the increasing prominence of electric and autonomous vehicles, a heightened integration of touchscreen displays within these consoles, a growing trend toward customization and personalization options for consumers, an emphasis on sustainable materials in manufacturing, the development of a connected car ecosystem, and a focus on optimizing ergonomics and user experiences. Major trends projected for this period encompass the integration of advanced electronics into overhead consoles, the adoption of smart lighting systems for enhanced functionality, an increased emphasis on interior aesthetics and design to enhance overall appeal, the integration of driver assistance features for improved safety, and a wide array of customization and personalization options catering to diverse consumer preferences.

The automotive overhead console market is poised for growth, driven by the increasing demand for passenger vehicles on the global stage. Passenger vehicles, defined as multi-track automobiles with at least two axles, are experiencing heightened demand, with a notable 12.8% increase in new car registrations in the EU reported in December 2022. This growth trend persisted throughout the year, signifying a robust market. The German and Italian auto markets particularly stood out with double-digit growth rates of 38.1% and 21.0%, respectively, contributing to the surge in demand for automotive overhead consoles. These consoles play a crucial role in passenger vehicles by concealing small objects for quick access and aiding in navigation, making them integral components in the evolving automotive landscape.

The automotive overhead console market is further propelled by the escalating demand for luxury and premium vehicles. These vehicle categories are characterized by their superior quality, advanced features, and elevated levels of comfort and performance. Automotive overhead consoles play a pivotal role in enhancing the driving and passenger experience in luxury and premium vehicles. The integration of advanced features such as ambient lighting, multimedia controls, navigation systems, and connectivity options contributes to a sophisticated and convenient interior environment. Notably, the sales of Rolls Royce luxury cars saw a significant uptick from 5,586 in 2021 to 6,021 in 2022. This surge in sales, coupled with a historically high share of luxury vehicles in overall sales, underscores the robust demand for automotive overhead consoles in the luxury and premium vehicle segment.

The automotive overhead console market is experiencing a transformative trend marked by technological advancements. Major companies in this market are strategically focused on developing innovative solutions to solidify their market positions. Grupo Antolin-Irausa S.A., a Spain-based automobile company, exemplifies this trend with the introduction of an Innovative Upper Trim concept in November 2022. This concept introduces a simple and humanized design for overhead console systems, featuring a variety of decorative materials, a closed headliner or a panoramic glass roof, and a redefined overhead console with capacitive switches and retractable sun visors. Moreover, it incorporates advanced functionalities such as color temperature control and audio systems, showcasing the industry's commitment to technological innovation and elevating the driving experience for consumers.

Major players in the automotive overhead console market are strategically embracing partnerships to drive innovation and enhance their product offerings. This strategic partnership approach involves leveraging the strengths and resources of collaborating companies to achieve mutual benefits and success. A notable example is the collaboration between Osram Automotive Lighting Systems, a US-based automotive company, and Kurz India, an India-based automotive company, along with Syntech Plastics GmbH, a Germany-based plastic fabrication company. This partnership, established in October 2021, focuses on delivering personalized overhead console lighting designs. The innovative designs include adaptable light animations catering to different driving situations or vehicle interactions. Featuring an integrated capacitive touch sensor system replacing traditional buttons, this console provides a seamless interface. Its design aims to elevate the ambience and comfort in the vehicle interior, allowing for personalized enhancements across the entire front area.

In February 2022, FORVIA Faurecia, a France-based automobile company, completed the acquisition of Hella GmbH & Co. KGaA for $5.95 billion. This strategic move is part of FORVIA Faurecia's broader objective to strengthen its presence in electrification and self-driving technology while accelerating the expansion of its product technologies on a global scale. Hella GmbH & Co. KGaA, a Germany-based automotive parts manufacturing company, including expertise in automotive overhead consoles, adds substantial value to FORVIA Faurecia's portfolio. This acquisition positions the company for advancements in cutting-edge automotive technologies, marking a significant step towards global leadership in the automotive overhead console market.

Major companies operating in the automotive overhead console market report are Continental Automotive Systems, Diamay Automative interior Co. Ltd., Gentex Corporation, Grupo Antolín, International Automotive Components Group LLC, Johnson Controls International PLC, LS Automotive India Pvt. Ltd., Meghna International Inc., Methode Automotive Solutions, Plastic Omnium SA, Yanfeng Automotive Interiors, AGM Automotive LLC, Valeo SA, Flex Ltd., Motus Integrated Technologies, Nifco KTS GmbH, Toyota Boshoku Corporation, JPC Automotive Co. Ltd., Magna International Inc., Hella GmbH & Co. KGAA, Diamond Coatings Inc., Kojima Industries Corporation, Visteon Corporation, Lear Corporation, Faurecia, Harman International Industries Inc., Calsonic Kansei Corporation, Delphi Automotive LLP, Magneti Marelli S.p.A., Panasonic Corporation, Pioneer Corporation, Robert Bosch GmbH, Denso Corporation.

Asia-Pacific was the largest region in the automotive overhead console market in 2023. The regions covered in the automotive overhead console market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive overhead console market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary categories of automotive overhead consoles include front-end and rear-end consoles, leveraging electro-mechanical, capacitive, and display technologies. Front-end consoles are positioned between the driver and front passenger seats, offering storage space. They find application in various vehicle types such as passenger vehicles, light commercial vehicles, trucks, buses, and coaches. Sales typically occur through original equipment manufacturers (OEMs) and aftermarket channels. These consoles serve multiple purposes, encompassing vehicle telematics, infotainment, HVAC (heating, ventilation, and air conditioning), sunroof controls, driver monitoring systems, eCell functionality, airbag control, microphones, lighting features, among others.

The automotive overhead console market research report is one of a series of new reports that provides automotive overhead console market statistics, including automotive overhead console industry global market size, regional shares, competitors with a automotive overhead console market share, detailed automotive overhead console market segments, market trends and opportunities, and any further data you may need to thrive in the automotive overhead console industry. This automotive overhead console market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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