Automotive Centre Console Global Market Report 2024

The automotive centre console, a storage compartment located between the driver's seat and the front passenger seat or in the central parts of the dashboard, serves various purposes in modern cars. It can house electronic gadgetry, vehicle control information, and other features.

The main types of automotive centre consoles include touch screens, where the console is operated by touching the screen, and buttons and controls that can be physically operated using switch devices. These centre consoles are commonly used in passenger vehicles, including premium cars, compact cars, mid-size cars, luxury cars, SUVs, and electric vehicles. They are typically sold through original equipment manufacturers and the aftermarket.

The automotive centre console research report is one of a series of new reports that provides automotive centre console market statistics, including automotive centre console industry global market size, regional shares, competitors with automotive centre console market shares, detailed automotive centre console market segments, market trends and opportunities, and any further data you may need to thrive in the automotive centre console industry. This automotive centre 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 automotive centre console market size has grown strongly in recent years. It will grow from $31.3 billion in 2023 to $33.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The historic growth of automotive centre consoles can be attributed to the rise of modern electric vehicles, changing consumer behavior, limited connectivity features, and the presence of simple storage compartments. As the automotive industry evolved, the demand for advanced features, connectivity options, and enhanced storage solutions likely influenced the design and functionality of centre consoles over time.

The automotive centre console market size is expected to see strong growth in the next few years. It will grow to $44.42 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The forecasted growth in the automotive centre console market can be attributed to various factors, including the rising production of both passenger cars and commercial vehicles, the growth of high-end and luxury car segments, the expansion of the connected car ecosystem, and the increasing demand for electric and autonomous vehicles. Additionally, major trends in the forecast period are expected to include the integration of large touchscreen displays, customizable ambient lighting, enhanced connectivity with IoT and smart home devices, wireless charging capabilities for devices, and the adoption of multi-functional and modular console designs.

The burgeoning demand for electric vehicles stands as a significant catalyst fueling the expansion of the automotive centre console market. Within electric cars, robust and secure centre control systems are vital components. These consoles serve as interfaces for navigation and touch controls. Notably, the Bureau of Labor Statistics projected in February 2023 that electric vehicle sales in the United States are anticipated to constitute 40% of total passenger car sales by 2030, with more optimistic estimates suggesting a potential surpassing of 50%. Hence, the rising preference for electric vehicles is set to drive the automotive centre console market.

The surge in urbanization and population growth is poised to propel the automotive centre console market forward. Urbanization, characterized by increasing population concentration in urban areas due to migration and natural growth, necessitates efficient and connected vehicles. Centre consoles play a pivotal role in addressing the needs of urban commuters amidst escalating traffic congestion. These consoles offer essential tools for navigation, connectivity, and access to real-time information, contributing significantly to vehicle adaptability in urban landscapes. Global trends highlighted by the World Bank in October 2022 indicated that over 50% of the global population lived in urban areas in 2022, with projections indicating a 1.5 times increase in the urban population to 6 billion by 2045. Hence, the upward trajectory of urbanization serves as a driving force for the automotive centre console market.

The integration of novel touch screen technology represents a prominent trend gaining traction within the automotive centre console market. Key industry players are intensely focused on developing advanced technological solutions to fortify their market positions. For instance, Audi, a renowned Germany-based automobile manufacturer, introduced the Audi MMI touchpad system within the automotive centre console in January 2021. This innovative system enables menu navigation through swiping gestures and facilitates writing with the index finger on the sat-nav. Additionally, the MMI features a digital instrument display known as the Virtual Cockpit, replacing traditional analogue dials with a high-definition digital screen. Such technological advancements enhance vehicle control and contribute to enhanced safety standards for drivers and passengers alike.

Key players within the automotive center console market frequently engage in strategic partnerships and collaborations to bolster their foothold in the industry. An exemplar instance occurred in February 2022, when Motherson, an India-based automotive parts manufacturer, forged a strategic partnership with Valeo, a France-based provider renowned for innovative smart mobility solutions. This collaboration's primary objective is to amalgamate Motherson's expertise in modules and polymer products with Valeo's extensive technological prowess. Their collective aim is to deliver top-tier interior integrated lighting solutions tailored to meet consumers' high expectations and demands. The partnership entails integrating Valeo's cutting-edge lighting systems into Motherson's latest cabin interior modules and surfaces. This integration will encompass redesigning various components such as instrument panels, door panels, center consoles, and other interior trims, leveraging these innovative technologies.

In August 2021, Faurecia, a prominent French automotive parts manufacturer, executed the acquisition of Hella Inc. for a notable deal amounting to $6.7 billion. This strategic move incorporates Hella within Faurecia's operations, positioning it under Faurecia's automobile division. The acquisition serves Faurecia's strategic goal of expanding its market presence, particularly in pivotal growth sectors such as automated driving and vehicle interior design. Hella, a Germany-based company specializing in developing and manufacturing automotive parts, accessories, diagnostic lighting, and electronic components for cars, represents a strategic addition to Faurecia's portfolio, fortifying its position within the automotive landscape.

Major companies operating in the in the automotive centre console market report are AGM Automotive LLC, Alps Electric Co. Ltd., Calsonic Kansei Corp., Continental AG, Delphi Automotive plc, Emerson Electric Co., Faurecia SA, Hyundai Mobis Co, Johnson Controls Inc., Lear Carporation, MVC Holdings LLC, Novem Car Interior Design, Yanfeng International Automotive Technology Co. Ltd., Draxlmaier Group, Grammer AG, Magna International Inc., Toyota Boshoku Corporation, Novares Group SA, Langfang Huaan Automobile Equipment Co. Ltd., Visteon Corporation, Inteva Products LLC, Grupo Antolin Irausa SA, Tachi-S Co. Ltd., International Automotive Components Group, F S Fehrer Automotive GmbH, Adient plc, Brose Fahrzeugteile GmbH & Co. KG, Schaeffler AG, Robert Bosch GmbH, Kasai Kogyo Co. Ltd., Shiroki Corporation

Asia-Pacific was the largest region in the automotive centre console market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive centre console market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the automotive centre console market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The automotive centre console market consists of sales of control units, audio control, temperature control feature, air conditioner pane, and cup holders. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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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