APEJ will Remain Largest Market for Automotive Headliners



[USPRwire, Tue Feb 26 2019] According to Fact.MR’s recently published forecast study, the global market for automotive headliners will reflect healthy expansion during the forecast period, 2017-2026. Over the forecast period, the automotive headliners market is poised to expand at a volume CAGR of 6.9%. The report further projects that by the end of 2026, more than US$ 46 Bn worth of automotive headliners will be sold globally.

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Automotive headliners were initially designed for simply covering the roof structure and sheet metal of vehicles, meanwhile improving their interior aesthetics. As consumer demand for style, comfort and safety witnessed a surge, automotive headliners have experienced evolution to incorporate new aspects such as wiring, ducting vents, overhead console, coat hooks, grab handles and sun visors. With more and more parts being integrated into automotive headliners, its market is witnessing a rise accordingly. One of the latest trend being observed in the automotive industry is smart cabin innovations. Automotive vehicle interior designs and technologies have advanced significantly over the recent past across all vehicle segments, ranging from passenger cars to luxury vehicles. Adoption of low-quality & hard plastics or polymers for production of automotive parts such as headliners is being eliminated, to be replaced by advanced and eco-friendly materials, as interior designing is becoming the cornerstone among vehicle designers & manufacturers.

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APEJ will Remain Largest Market for Automotive Headliners

Considerable vehicle production in countries such as China, and India have underpinned demand for automotive interior components in Asia-Pacific excluding Japan (APEJ). Gradual rise in economic vigour of APEJ countries have made consumers in the region capable of spending more on various products, and vehicles are no exception. In addition, people in APEJ are more interested in automotive interior styling, and demand for advanced components, which in turn will create opportunities for adoption of various automotive headliner types. APEJ will continue to be the largest market for automotive headliners, in terms of value.

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In 2017, more than 67 million units of automotive headliners made of foam-backed cloth have been sold across the globe. The demand for foam-backed cloth materials in production of automotive headliners will remain high through 2026.

Though 2026, more than 60% of the overall global market values will be procured from sales of hardtop headliners. The report further reveals that more than 50 million soft-top automotive headliners were sold across the globe by the end of 2017.

Automotive headliners will be predominantly installed in compact vehicles. By 2026-end, nearly two-fifth of headliners manufactured in the world will be used for compact vehicles. The report estimates nearly 30 million units of automotive headliners have been sold for mid-sized vehicles in 2017.

The report has profiled key manufacturers of automotive headliners, which include, Grupo Antolin, Sage Automotive Interiors, Cindus Corp, Harodite Industries, Lear Corporation, American Foam & Fabric, Johns Manville, Glen Raven, Toyota Boshoku Corp, and IAC Group.

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