Automotive Headliners Market Indicates Notable CAGR growth at (7.4%) by 2026

Posted on 2019-04-10 by Mark Hub in Automotive // 0 Comments

In order to study the various trends and patterns prevailing in the concerned market, FactMR has included a new report titled “Automotive Headliners Market Indicates Notable CAGR growth at (7.4%) by 2026 | Key Players – IAC Group, Toyota Boshoku Corp, Glen Raven, Johns Manville, etc.” to its wide online database including upcoming trends and growth factors. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. The report studies the automotive headliners market worldwide, especially in North America, Europe, Southeast Asia, India and Other Regions with production, size, growth, revenue, consumption, import and export in these regions. The intelligent report also anticipates that the market would grow at a constructive CAGR until 2026.

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Automotive headliners have gained a paramount importance as an aesthetic covering in vehicles, enabling installation of various systems while maintaining an arranged premium and clean cabin appeal. Currently, automotive headliners are being discerned as NVH insulation components for vehicle cabins. Advancements in research have resulted into the development of automotive headliners with high-end modules by using various types of materials for manufacturing.

Automotive headliners were initially designed for simply covering the roof structure and sheet metal of vehicles, meanwhile improving their interior aesthetics. As consumer demand for style, comfort and safety witnessed a surge, automotive headliners have experienced evolution to incorporate new aspects such as wiring, ducting vents, overhead console, coat hooks, grab handles and sun visors. With more and more parts being integrated into automotive headliners, its market is witnessing a rise accordingly. One of the latest trend being observed in the automotive industry is smart cabin innovations. Automotive vehicle interior designs and technologies have advanced significantly over the recent past across all vehicle segments, ranging from passenger cars to luxury vehicles. Adoption of low-quality & hard plastics or polymers for production of automotive parts such as headliners is being eliminated, to be replaced by advanced and eco-friendly materials, as interior designing is becoming the cornerstone among vehicle designers & manufacturers.

In terms of value, a CAGR of 7.4% has been projected for the global automotive headliners market by a new FactMR report, for the forecast period (2017-2026). Sales of automotive headliners around the world are slated to exceed 250,000,000 units by 2026-end. Globalization of vehicle development platforms is expected to remain key focus area among automotive manufacturers. OEMs are increasing adopting general vehicle design platforms for developing multiple products that include automotive headliners, and targeting different vehicle segments and customers. Key market players identified by FactMR’s report include IAC Group, Toyota Boshoku Corp, Glen Raven, Johns Manville, American Foam & Fabric, Lear Corporation, Harodite Industries, Cindus Corp, Sage Automotive Interiors, and Grupo Antolin.

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Considerable vehicle production in countries such as China, and India have underpinned demand for automotive interior components in Asia-Pacific excluding Japan (APEJ). Gradual rise in economic vigour of APEJ countries have made consumers in the region capable of spending more on various products, and vehicles are no exception. In addition, people in APEJ are more interested in automotive interior styling, and demand for advanced components, which in turn will create opportunities for adoption of various automotive headliner types. APEJ will continue to be the largest market for automotive headliners, in terms of value.

Increasing traffic densities across the globe have resulted into an acceleration in demand for compact vehicles. In addition, demand for high quality interior components in compact vehicles is observed to be relatively higher, which in turn complements generation of larger revenues from these vehicles. Revenues from automotive headliner sales for use in compact vehicles will remain relatively larger in the market than all the other vehicle segments, according to FactMR’s report. In terms of value, mid-sized vehicles and commercial vehicles will also remain lucrative in the automotive headliners market.

Although OEM will continue to be the leading sales channel for automotive headliners, sales in aftermarket are projected to reflect a relatively faster expansion, in terms of value, through 2026. Based on headliner type, hardtop headliners will remain preferred among customers across the globe, with revenues poised to account for approximately three-fifth share of the market by 2026-end. Foam-backed cloth is anticipated to remain sought-after among materials for automotive headliner production, with revenues forecast to reach approximately US$ 20,000,000 Mn by 2026-end. Cotton-napped cloth will also prevail as a lucrative material for production of automotive headliners, in terms of value.

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