Automotive Armrest Market: Current Analysis and Forecast (2023-2030)

An automotive armrest is a padded support system typically found inside a vehicle's cabin, between the driver's or passenger's seat and the door. It serves as a resting place for the driver or passenger's arms while operating the vehicle. Automotive armrests come in various designs and configurations depending on the vehicle type and model. Due to increase in vehicle production and sales there is increase in the demand for components and systems which are used in vehicles which include armrests. Emerging technologies like wireless charging capabilities and integration with infotainment systems could be incorporated into future armrest designs, further boosting the market.

The Automotive Armrest Market is expected to grow at a strong CAGR of 4.30 % during the forecast period owing to rising sales of luxury and premium vehicles due to which manufacturers are continuously introducing new features and technologies in their cars to differentiate themselves from competitors. Additionally, Consumers are increasingly prioritizing comfort and convenience features in their vehicles. Armrests provide support for the driver's elbow during long journeys, enhancing driving comfort. They also offer additional comfort and amenities for passengers with features like cup holders and storage compartments.

Based on sales, the market is segmented into OEM and Aftermarket. Amongst these, the OEM segment of the automotive armrest market has a dominating share because OEM armrests are included in the car's warranty, offering peace of mind to the customer. Additionally, car manufacturers factor in safety regulations when designing armrests, ensuring they meet crash test standards and provide proper support. Moreover, For new car buyers, an armrest is often considered a standard feature. When purchasing a car, most consumers don't actively seek out a separate armrest; they expect it to be included. This perception often leads them to prioritize vehicles with OEM armrests.

Based on vehicle type, the market is segmented into passenger vehicles and commercial vehicles. Amongst these, the passenger vehicles segment has a dominating share in the automotive armrest market because consumers purchasing passenger vehicles generally prioritize features that enhance comfort and convenience, making armrests a desirable feature. Additionally, Armrests offer additional comfort for passengers by providing a place to rest their arms. They can also integrate features like cup holders or storage compartments, increasing passenger convenience.

For a better understanding of the market adoption of the display unit in vehicle infotainment industry, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, UK, Netherlands, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India and Rest of Asia-Pacific), Rest of World. North America, particularly the United States, has a substantial automobile production industry. Many global and regional OEMs have manufacturing facilities in the region, resulting in high demand for various automotive components, including armrests. The North American market generally has a higher standard of living compared to many other regions. Consumers in this market are more likely to prioritize vehicle comfort and convenience features when purchasing a car, driving demand for advanced armrest designs and technologies.

Some major players operating in the market include Tachi-s, AUNDE Group SE, TOYOTA BOSHOKU CORPORATION, Adient plc, Ningbo Jifeng, GRAMMER AG, Martur Fompak International, PISTON GROUP, TESCA, and Kongsberg Automotive.