Automotive Headliners Market size to exceed $19 Bn by 2026
Published Date: September 30, 2020 Authors: Kiran Pulidindi, Akshay Prakash
Automotive Headliners Market size is likely to cross USD 19 billion by 2026, according to a new research report by Global Market Insights, Inc.
Emphasis on lightness and carbon emission reduction to prosper market demand
Focus on the overall weight reduction to improve fuel efficiency and reduce carbon emission of vehicles will be chief factors supporting automotive headliners industry expansion. Superior stiffness, lightness, and strength provided by modern plastics have resulted in their extensive adoption as a feasible interior solution. Weight reduction in a vehicle is a key approach to enhance its overall fuel efficiency. Fuel efficiency of a passenger car can be improved by 6% to 8% and approximately 10% effectiveness in the case of electric vehicles can be achieved through an overall weight reduction by 10%.
Modern plastics and composites have a huge potential in the development of advanced and energy-efficient vehicles. Major players in the global automotive industry are emphasizing the reduction of carbon emission and environmental impacts by adopting green materials for their interior components. Ford Motors adopted bio-based polyurethane foams for the headliners in its 11 models, helping the company to effectively reduce carbon footprints. High costs associated with advanced overhead systems and headliners might hamper product consumption.
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Browse key industry insights spread across 160 pages with 202 market data tables & 17 figures & charts from the report, “Automotive Headliners Market Size By Material (Plastic, Fabrics), By Vehicle (Passenger Cars, LCV, HCV), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
The automotive headliners market from fabrics material segment will observe over 5% CAGR during 2020 to 2026. Safety, ventilation, low VOC, and geography are some of the factors monitored to determine the selection of material. Several regulations and policies mandate the use of materials with low VOCs to manufacture headliners and other interiors. Fabrics are seen as a viable solution for lightness and carbon footprint reduction. Foam-backed cloth, synthetic cloth, nylon, wool cloth, Alcantara, etc., are some of the materials used for headliner production.
Aftermarket to be the fastest-growing distribution channel
The aftermarket distribution channel is anticipated to witness more than 7% growth rate through 2026. The presence of numerous small & medium-scale suppliers is likely to prosper the segment growth. Increasing demand for personalized designed headliners will be another factor boosting the automotive headliners aftermarket. E-commerce platforms are expected to play a vital role in expanding reach and customer base for small & medium-scale suppliers.
North America automotive headliners market is predicted to capture 15% share by 2026 propelled by the presence of a well-established automotive industry in the region. The availability of world-class production facilities and presence of well-renowned global automotive manufacturers are primarily propelling the regional automotive sector. Increasing demand for sports & luxury cars in the region and rising vehicle modification will further propel the regional market demand.
New product development and production capacity expansion to enhance competition
Key automotive headliners market participants include Grupo Antolin-Irausa, S.A., International Automotive Components (IAC) Group SA, Motus Integrated Technologies, Johns Manville; Toyota Boshoku Corporation, Kasai North America, Inc., Howa Co., Ltd., SA Automotive; Hayashi Telempu Corporation, UGN, Inc., Inteva Products, LLC., Acme Auto Headlining Co., etc.
Major industry players are primarily focusing on new product development, acquisitions, and production capacity expansion to strengthen their market position.