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Automotive Armrest Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: October 2024 || SKU: AUTR3027
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Global Automotive Armrest Market is segmented By Position (Door, Seat), By Vehicle Type (Passenger Vehicles, Commercial Vehicles), By Material (Wood, Steel, Plastic, Aluminum, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

 

Report Overview

Global Automotive Armrest Market report analyzes the global market shares, size, recent trends, future market outlook, and competitive intelligence. Automotive armrests find application in vehicles for providing comfort and support to the occupants. The market is driven by increasing demand for comfortable and convenient automotive interiors, particularly in the luxury and premium vehicle segments. In addition, the growing demand for electric and hybrid vehicles is also expected to fuel market growth. Key players in the Automotive Armrest Market include Faurecia, Grammer AG, Lear Corporation, Magna International Inc., and other prominent players operating in the market.

Automotive armrests are provided in some mid-range cars and all luxury vehicles. The people interested in installing this feature can also purchase these parts through the aftermarket. Moreover, the front armrest also contains storage space and allows the driver to store belongings inside. Besides, the back of the front armrest, air conditioning vents, and cup holders can enhance passengers' comfort in the end. This growing demand for extra comfort features will boost the demand for the forecast period's automotive armrest market. An increase in passenger vehicles' production due to increasing demand can be attributed to people's rising disposable income and growth in purchasing power, which will drive the automotive armrest market over the forecast period.

 

Market Summary

Metrics

Details

Market CAGR

High

Segments Covered

By Position, By Vehicle Type, By Material, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

Asia Pacific

 

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Market Dynamics

The growing adoption of automotive seating systems and the increasing demand for comfort will significantly impact passenger vehicles' linear growth. Besides, the rising demand for luxury vehicles, improving long-distance traveling driving automotive armrest demand, and OEMs focusing on enhanced vehicle interior solutions are expected to increase the market's growth in the forecast period. The enhanced vehicle interior solutions include automotive seats, cockpit modules, door panels, and internal lighting systems designed to offer comfort to drivers and passengers.

Moreover, government regulations promote automotive seat manufacturers to design and develop vehicle seats and their components like armrests from advanced composite material. This leads the seat manufacturers to electronically controlled chairs wherein the vehicle can set the height and sliding armrest as per their convenience. Besides, some armrest has a feature directed by a seat heating control switch located on the cars' door panel. This heated armrest is based on a panel heating technology system integrated into floor console armrests in vehicles.

However, assembling vehicle-specific seating systems- is a challenge for automotive seat manufacturers, and complexities in retrofitting automotive armrests may hamper the automotive armrest industry's growth in the forecast period.

Market Segment Analysis

By position, the market is segmented into doors and seats. By vehicle type, the market is segmented into passenger vehicles and commercial vehicles. The market is segmented into wood, steel, aluminum, plastics, and others by material.

The armrest is an integral part that provides function and takes care of passengers' and driver safety parameters and is expected to grow the market linearly with the rising demand for comfort for the driver and passengers. Moreover, the automobile door is one of the products with functions like safety, strength, aesthetic parameters, and dynamics. Besides, the armrest must absorb the dynamic force by deflecting proportionally to the side impact load and with characteristics like softness, smoothness, compressibility, texture, and others. The driver-side armrest is expected to boost the armrest market in the forecast period.

Market Geographical Share

Asia-Pacific dominates the automotive armrest market due to the automotive hub of manufacturing worldwide. The growing demand for automobiles increases new vehicle sales like passenger vehicles, and luxury vehicles are expected to drive the market for armrests. This region encompasses a diverse range of economic development; multiple industrial products and populations drive market growth. The shift of automotive manufacturers to this region is crucial to boost the market growth in this region. China is the leading producer and consumer of automotive armrests in the Asia-Pacific region. The key market players are developing their automotive armrest production in APAC, especially in China and India. With the economic reduction and saturation in Europe and North America, armrest manufacturers shift their production base to APAC.

Companies and Competitive Landscape

The automotive armrest market is fragmented with the presence of regional and global players. The competitive outline lies with the increase in the regional company and growing investment in upstream applications. Grammar AG, Adient, Ningbo Jifeng, Piston Group (Irvin), Toyota Boshoku, Kongsberg Automotive, Tachi-s, Siwode, Rati, and Martur are the major player in the armrest market. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to growing the automotive armrest market globally.

Grammer AG

Grammer AG has developed multifunctional armrests and is the world’s first and only supplier of complete driver seat systems with integrated electronic control elements. It is mainly appropriate for offroad vehicles like forklifts, agriculture machines, and construction. This factor makes the companies different and is expected to boost the market in the forecast period. This multifunctional armrest features fingertip controls, switches, forward & reverse switches, and emergency buttons and is fitted with all popular control software standards for operating vehicles. Customer-specific adaptations are also easy to implement, for example, a joystick via an electronic interface. Customers will enjoy the benefits of a full seat and control system from a single supplier that can provide both hardware and software solutions.

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FAQ’s

  • The segments are By Position, By Vehicle Type, By Material, and By Region.

  • Key players are Grammar AG, Adient, Ningbo Jifeng, Piston Group (Irvin), Toyota Boshoku, Kongsberg Automotive, Tachi-s, Siwode, Rati, and Martur.
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