The global automotive centre console market value is expected to grow at a CAGR of 5.50% between 2025 and 2034, driven by the thriving automotive sector and rising production capacity of major players.
The rising production capacity of the major players globally is driving the growth of the growth of the automotive centre console industry. Increased demand for automotive centre consoles in automobiles is being supported by rising research and development activities for improving the automotive interiors by adding more technologically advanced equipment.
The adoption of light, efficient automobiles with improved fuel efficiency and higher performance is a key trend in the automotive centre console market. Due to the increase in the importance of reducing the weight of vehicles, there is a heightened automotive centre console market demand that is lightweight.
According to VDA and ACEA 2022, Germany led Europe's passenger car production in 2021 with 3.1 million units. Spain ranked second with 1.6 million units, followed by the Czech Republic with 1.1 million units. Slovakia produced 0.96 million units, while France and the UK produced 0.91 million and 0.85 million units, respectively. Italy's production stood at 0.43 million units in 2021.
Further, according to the Alliance for Automotive Innovation, in May 2019, U.S. light truck production significantly outpaced light car production, with around 600,000 light trucks produced compared to approx. 250,000 light cars. By May 2021, light truck production rose to approximately 700,000 units, while car production increased to about 200,000 units. This trend continued in 2022, with light truck production slightly exceeding 700,000 units and light car production remaining steady at around 200,000 units. As of March 2023, production numbers remained robust, with light truck production approaching 800,000 units and car production consistently around 200,000 units. This strong output is boosting the automotive centre console industry revenue, as the growing inclusion of advanced features like high-tech infotainment systems and connectivity options in light trucks drives increased demand for sophisticated and versatile centre consoles.
Further, according to industry reports, from 2010 to 2016, all regions had a minimal market share for EVs, remaining below 1%. Europe and China emerged as early leaders, with Europe's EV market share rising sharply from 2019 to about 5% by 2020 and reaching 20% by 2023. China's market share was around 6% in 2020, and it is expected to climb steadily, surpassing 25% by 2027. In the U.S., the EV market share was about 2% in 2020 and grew modestly. However, significant growth is anticipated post-2025, with projections exceeding 10% by 2027.
Advanced technology integration, such as touchscreens and connectivity, enhances consumer appeal.
The original equipment manufacturer (OEM) distribution channel accounts for a sizable share of the market for automotive centre consoles due to the ease and convenience of installing suitable centre consoles at the time of manufacturing. It is anticipated that emerging data display innovations, among other devices, will have a significant impact on the OEM automobile interiors, helping automakers redesign automotive centre consoles and supporting advanced features further driving the automotive centre console market demand.
Global Automotive Centre Console Market Growth
An automotive centre console refers to the control panels and storage space in an automobile that is situated in the front of the vehicle between the driver's seat and the front passenger seat. The centre console of an automobile can have a variety of elements, including electronic devices, control panels, and storage space.The rising production capacity of the major players globally is driving the growth of the growth of the automotive centre console industry. Increased demand for automotive centre consoles in automobiles is being supported by rising research and development activities for improving the automotive interiors by adding more technologically advanced equipment.
Global Automotive Centre Console Market Analysis
The automotive centre console market dynamics and trends are shaped by the increasing incorporation of electronics into vehicles. The installation of high-tech features like heating and cooling compartments, touch screens, advanced entertainment systems, and GPS is expected to further drive the market's growth.The adoption of light, efficient automobiles with improved fuel efficiency and higher performance is a key trend in the automotive centre console market. Due to the increase in the importance of reducing the weight of vehicles, there is a heightened automotive centre console market demand that is lightweight.
Automotive Centre Console Industry Outlook
According to industry reports, North America experienced a robust 9.4% increase in commercial vehicle production, reaching approximately 4.5 million units in 2021. Europe's production grew by 4.9%, totalling around 3.5 million units during the same period. South Asia saw a substantial rise of 33.7%, bringing production close to 3 million units. Japan and Korea also grew, albeit at a slower rate of 4.7%, with nearly 2 million units produced. South America exhibited significant growth with a 38.2% increase, reaching about 1.5 million units. The Middle East and Africa experienced a 17.4% increase in commercial vehicle production, reaching approximately 1 million units. This surge is boosting the automotive centre console market revenue, as modern consoles in commercial vehicles increasingly incorporate advanced features like integrated navigation systems, multi-function displays, and connectivity options.According to VDA and ACEA 2022, Germany led Europe's passenger car production in 2021 with 3.1 million units. Spain ranked second with 1.6 million units, followed by the Czech Republic with 1.1 million units. Slovakia produced 0.96 million units, while France and the UK produced 0.91 million and 0.85 million units, respectively. Italy's production stood at 0.43 million units in 2021.
Further, according to the Alliance for Automotive Innovation, in May 2019, U.S. light truck production significantly outpaced light car production, with around 600,000 light trucks produced compared to approx. 250,000 light cars. By May 2021, light truck production rose to approximately 700,000 units, while car production increased to about 200,000 units. This trend continued in 2022, with light truck production slightly exceeding 700,000 units and light car production remaining steady at around 200,000 units. As of March 2023, production numbers remained robust, with light truck production approaching 800,000 units and car production consistently around 200,000 units. This strong output is boosting the automotive centre console industry revenue, as the growing inclusion of advanced features like high-tech infotainment systems and connectivity options in light trucks drives increased demand for sophisticated and versatile centre consoles.
Further, according to industry reports, from 2010 to 2016, all regions had a minimal market share for EVs, remaining below 1%. Europe and China emerged as early leaders, with Europe's EV market share rising sharply from 2019 to about 5% by 2020 and reaching 20% by 2023. China's market share was around 6% in 2020, and it is expected to climb steadily, surpassing 25% by 2027. In the U.S., the EV market share was about 2% in 2020 and grew modestly. However, significant growth is anticipated post-2025, with projections exceeding 10% by 2027.
Advanced technology integration, such as touchscreens and connectivity, enhances consumer appeal.
- Offers opportunities for personalised designs, meeting diverse consumer preferences.
- Increasing vehicle production and focus on enhanced interior experiences drive the growth of the automotive centre console market.
- Integration of multiple technologies can lead to design and manufacturing complexities.
- Stringent safety and environmental regulations can constrain design and manufacturing processes.
- Growth in developing regions presents new automotive centre console market opportunities.
- Innovations like AI and IoT can create new functionalities and enhance user experience.
- High competition among manufacturers may pressure profit margins.
- Dependence on global supply chains poses risks of delays and cost increases.
Key Players in the Global Automotive Centre Console Market and Their Key Initiatives
Hyundai Mobis Co Ltd
- Launched MOBION EV with next-gen e-Corner System to meet the growing demand of the automotive centre console market.
- Developed M.Dev Studio, a digital twin system.
Faurecia S.A.
- Acquired Hella to enhance electric mobility and autonomous driving technologies.
- Expanded strategic partnership with BYD to strengthen presence in Europe.
Johnson Controls Inc.
- Developed advanced smart touch-screen technologies.
- Collaborated with electric vehicle manufacturers to capture the automotive centre console market opportunities.
Alps Electric Co. Ltd
- Produced high-precision, high-output magnetic angle sensors.
- Developed compact, cost-effective magnetic sensors resistant.
Global Automotive Centre Console Industry Segmentation
“Global Automotive Centre Console Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:Market Breakup by Type
- Touch Screens
- Buttons and Controls
Market Breakup by Vehicle Type
- Passenger Cars
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
- Electric Vehicle
Market Breakup by Distribution Channels
- Original Equipment Manufacturer (OEM)
- Aftermarket
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Automotive Centre Console Market Share
Over the forecast period, passenger cars are anticipated to witness significant growth in the market for automotive centre consoles. The demand for an advanced centre console system is increasing as passenger cars become equipped with more modern and complex components. With the increasing use of passenger cars for long-distance and leisure travel, as well as in-city driving, there is a surging demand for automotive centre consoles with advanced entertainment support and GPS capabilities. The boost in passenger vehicle sales is further anticipated to aid the automotive centre console demand growth.The original equipment manufacturer (OEM) distribution channel accounts for a sizable share of the market for automotive centre consoles due to the ease and convenience of installing suitable centre consoles at the time of manufacturing. It is anticipated that emerging data display innovations, among other devices, will have a significant impact on the OEM automobile interiors, helping automakers redesign automotive centre consoles and supporting advanced features further driving the automotive centre console market demand.
Leading Companies in the Automotive Centre Console Market
The companies specialise in advanced automotive components and equipment, offering innovative, high-quality solutions that enhance efficiency and performance across various automotive industry sectors.- Hyundai Mobis Co Ltd
- Faurecia S.A.
- Johnson Controls Inc.
- Langfang Huaan Automobile Equipment
- Alps Electric Co. Ltd
- Methode Electronics
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Automotive Centre Console Market Analysis
6 North America Automotive Centre Console Market Analysis
7 Europe Automotive Centre Console Market Analysis
8 Asia Pacific Automotive Centre Console Market Analysis
9 Latin America Automotive Centre Console Market Analysis
10 Middle East and Africa Automotive Centre Console Market Analysis
11 Market Dynamics
12 Competitive Landscape
Companies Mentioned
- Hyundai Mobis Co Ltd
- Faurecia S.A.
- Johnson Controls Inc.
- Langfang Huaan Automobile Equipment
- Alps Electric Co. Ltd
- Methode Electronics