Market Size – USD 1,991.24 Million in 2021, Market Growth - CAGR of 0.59%, Market Trends –the increasing demand from electronics industry is widening the scope for Automotive Armrest Market.
According to the current analysis of Introspective Market Research, the global Automotive Armrest Market was valued at USD 1,991.24 Million in 2021 and is expected to reach USD 2,074.95 Million by the year 2028, at a CAGR of 0.59%.
An automotive armrest is used to give comfort to the person who is driving. The cushioning agent is primarily important when considering that moving cars can transmit vibrations near the human spine's resonant frequency of 3 Hz. The base can usually be moved forward and back on metal railings and may move up and down to adjust to different body types. This movement is accomplished either by manual latches or by electric levers. Furthermore, armrests with features such as portability and wireless charging, as well as soft materials like cloth, vinyl, leather, or PUR with improved esthetics, are becoming increasingly common among consumers. Thus, leads to the growth of the market.
The growing production and selling of new vehicles are switching up demand for armrests from original equipment manufacturers (OEMs), which are hastening the automotive armrest market forward. Moreover, growing significance on car interior design and a rising car rental market is anticipated to turn the automotive armrest market forward over the forecast period. The global automotive armrest market is anticipated to increase as e-commerce becomes more common. Customers' costs of shopping in a typical retail store can be largely owing to transportation costs, such as petrol or public transportation, and also higher costs charged due to the inability to compare stores. Additionally, when it comes to online shopping, the prices are practically non-existent. Buying a product from a retailer online takes very little time, and it can be done from the comfort of a mobile phone without requiring the user to be physically present at the store. Consequently, leading armrest manufacturers are putting their goods on the internet to gain automotive armrest market share over the globe.
Automotive Armrest Market is Segmented by Vehicle Type (Passenger Vehicle and Commercial Vehicle), Material (Wood, Plastic, Steel, Aluminum, And Others), Fitment (Door and Seat), Sales Channel (OEM {Original Equipment Manufacturer}, OES {Original Equipment Supplier}, Aftermarket), Distribution Channel (Online and Offline), and Region.
Key participants such as Adient plc, AUNDE Group SE (Fehrer), Toyota Boshoku, Windsor Machine Group, Faurecia, JR-Manufacturing, Inc., Bentex Automotive, Kongsberg Automotive ASA, MARTUR, Master Molded Products Corporation, Ningbo Jifeng Auto Parts Co., Ltd, ABC Group, Piston Group (Irvin), Proseat LLP, Sydmeko Industri AB, Tachi-S Engineering U.S.A., Inc., Tesca Technologies Private Limited, Intap, Woodbridge USA, Grammer, Yangfeng Johnson Controls, EFH Armrests, Fehrer, Irvin Automotive Products, Accuride, and others.
For this report, Introspective Market Research has segmented the Automotive Armrest Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2021-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Turkey
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Vietnam
- Thailand
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Iran
- Rest of MEA
- Latin America
- Brazil
- Argentina
- Rest of LATAM
