Saudi Arabia Automotive Interior Market By Vehicle Type, By Component, By Material, By Region, Competition Forecast & Opportunities, 2027

Report
78 Pages
March 2023
Region: Saudi Arabia
TechSci Research
ID: 5759472

Saudi Arabia automotive interior market is anticipated to witness robust growth during the forecast period, 2023-2027. Factors such as the high demand for SUVs and the increased customer preference for comfort features in an automobile are driving the demand for the Saudi Arabia automotive interior market. Also, the rapid launch of semi-autonomous and autonomous vehicles in the market and the ongoing technological advancements are expected to create significant growth opportunities for the Saudi Arabia automotive interior market over the next five years.

High Demand for SUVs Drives the Market Growth

In 2020, 452.54 thousand units of total vehicles were sold in Saudi Arabia. The country has abundant resources of oil & gas. Customers prefer to buy SUVs as they provide a comfortable and luxurious experience to the passengers and the availability of oil at low prices. Also, the government recently lifted the ban on purchasing 7-seater or larger SUVs, which is expected to boost the demand for SUVs in the region considerably. Harsh climatic conditions and the high disposable income of the consumers enable them to afford a quality lifestyle. Large families could easily accommodate large spaces and have head and legroom space. SUVs have a massive frame and can provide enough room to transport loads of luggage without dropping the back seats. SUVs have a larger load-carrying capacity which makes them suitable for long-distance traveling. SUVs are safer to drive and are integrated with driver assistance systems that lower the risk of driving and alert the driver in time to prevent road accidents. Market players are launching SUVs in the environment-friendly market and are fuel-efficient to propel the sales of SUVs of their respective brands. SUVs or luxury cars are equipped with several interior components that provide consumers with an enhanced traveling experience. The rise in the demand for SUVs among consumers is expected to bolster the growth of Saudi Arabia automotive interior market over the forecast period.

Technological Advancements of Automotive Interior Components Supports High Market Demand

Market players are investing in research and development activities to find innovative solutions to upgrade the existing infrastructure. Manufacturers are making efforts to find lightweight materials and technologies to reduce the vehicle's weight. The weight of the automobile can also be lowered by changing the weight of the seats. Lightweight material makes vehicles more fuel-efficient. Automotive interior component manufacturers have started to use plastics in vehicle doors and instrument panels. Manufacturers use different kinds of plastic and finishing according to the price range of the vehicle. Furthermore, the market players have started integrating advanced technologies like voice command control, internet of things technology, and 3D map navigation facility in the in-dash navigation system of the automobile, which is garnering significant attention from potential customers across the country.

Increased Popularity of Autonomous and Semi-Autonomous Vehicles Boosts the Market Growth

The Kingdom of Saudi Arabia has allocated funds worth $500bn to invest in the development of Neom, a smart city. It will be built from scratch, and the residents will use the fully autonomous vehicle for daily commute purposes. The demand for autonomous vehicles is expected to positively affect advanced automotive interior technologies as they need the interior components to switch between the different driver modes seamlessly. Also, the sales of semi-autonomous vehicles are accelerating at a rapid pace as they contain a combination of automated and manual functions. They are expected to fuel the demand for electronic cockpit systems, which need to be installed in semi-autonomous vehicles.

Market Segmentation

The Saudi Arabia automotive interior market is segmented into vehicle type, component, material, regional distribution, and competitive landscape. Based on vehicle type, the market is divided into passenger Cars, LCVs, and M&HCV. Based on components, the market is divided into the center stack, display, seat, door panel, headliner, interior lighting, dome module, infotainment system, and others. Based on material, the market is divided into leather, fabric, plastic, glass, wood, and fiber. To analyze the market based on the region, Saudi Arabia automotive interior market is studied in major regions namely the north & central region, southern region, western region, and eastern region.

Market Players

Robert Bosch GmbH, Continental AG, Denso Corporation, Panasonic Corporation, Magna International Inc., Lear Corporation, Faurecia S.A., Visteon Corporation, Yanfeng Automotive Interiors, Faurecia SE, are the major market players operating in the Saudi Arabia automotive interior market.

Report Scope:

In this report, Saudi Arabia automotive interior market has been segmented into the following categories, in addition to the industry trends which have also been detailed below: