PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1120736
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1120736
The global automotive headliner market was valued USD 8,507.2 million in 2021, expanding at a CAGR of 4.3% during the study period.
An automotive headliner is a composite of an inner stiff structure and an outer material, usually fabric, with inner foam backing that is mounted to the roof of a vehicle. These are mostly employed to enhance the appearance of automobiles' interiors. It also adds some added comfort and safety to automobiles. The headliners have both utilitarian and aesthetic objectives. Automotive headliners assist to reduce stress and conceal interior cables connecting to the ceiling.
The rise of the automotive headliner market is being driven by an increase in demand for innovative headliners in luxury sector vehicles, increased demand for interior style, perceived quality, and convenience features, and government regulation for lightweight and safety.
Increased demand for autos, an increase in the frequency of accidents caused by a lack of safety procedures in vehicles, and changes in demographic patterns are predicted to fuel market expansion. Furthermore, rising environmental concerns and stringent car safety laws are projected to boost market expansion. Additionally, the rising demand for fuel-efficient automobiles and electric vehicles is likely to support market expansion.
The COVID-19 outbreak has disrupted supply chains throughout the automobile sector. Some governments' temporary prohibition of international commerce has had a considerable impact on product consumption. To mitigate the consequences of the epidemic, most countries have temporarily halted their production facilities and set limits on civilian migration.
The automotive Headliners Market is segmented on the basis of Headliner Type, Material Type, Vehicle Type, and Region.
The market is further subdivided into: built-in, tilt and slide, top mount, solar glass, pop-up, tilt, and panoramic headliner types. The solar glass sector is expected to account for the largest market share in 2020, and it is expected to maintain its dominance in the future years. Some of the primary reasons driving market expansion include rising demand for sunroofs in premium vehicles and higher consumer buying power.
The market is further subdivided into: cloth, polyester, and plastic based on material type. Among them, the fabric category is predicted to account for the biggest market share in 2020 and to maintain its dominance throughout the forecast period. The simple availability and low cost of textiles are projected to boost the market's expansion. Fabrics are relatively light in weight when compared to other choices, hence it also helps to reduce the total weight of the cars to meet regulatory restrictions; these are some of the primary factors driving the market growth.
The market is divided into two categories: passenger automobiles and commercial vehicles. The passenger vehicle category accounted for the greatest market share and is likely to dominate the market with a stable CAGR over the forecast period. One of the primary reasons driving market expansion is a rise in demand for interior supplementary features in passenger automobiles. Furthermore, the market is predicted to rise gradually during the forecast period due to an increase in demand for luxury passenger vehicles.
Key players in the Automotive Headliner industry are contemplating steps to increase their revenue share, through promoting USP statements, products, and introducing appealing features among the primary successful methods. To increase their market position in the worldwide automotive headliner industry, leading companies are increasingly focusing on implementing tactics such as adopting new technology, product developments, mergers and acquisitions, joint venture, alliances, and partnerships.
For instance, in August 2019, Janesville Fiber Systems, which delivers high-performance designed acoustical and thermal fiber vehicle solutions, was bought by Motus Integrated Technologies. This acquisition will most likely allow Motus to expand its geographic reach and product line.
The scope of this report covers the market by its major segments, which include as follows: