The Global Automotive Armrest Market size is expected to grow from USD 2.01 Billion in 2022 to USD 2.17 Billion by 2030, at a CAGR of 0.98% during the forecast period (2023-2030).
Market Overview:
Automotive Armrest are a feature of automobiles that enable drivers to rest their hands or store important items so that they can be easily accessed when driving. Space, a cup holder, and control of certain non-essential vehicle functions are just a few of its features.
The foldable automotive armrest in the backseat can be used as a seat for a third person or as a stand to rest on their side. This feature is only available in high-end vehicles.
Almost every car has an armrest in the door that can be used to rest the hands or to keep the door open when it is being opened. The automotive armrest can be found on either the seats or the door.
Armrests make driving more comfortable regardless of the seat's location or the driver's height. Some automotive armrest is completely foldable and flexible, and they can endure a lot of use.
Top Key Players for Automotive Armrest Market:
Grammer, EFH Armrests Fehrer, ABC Group, BOS, Master Molded Products Corporation, Irvin Automotive Products, Accuride, Bentex Automotive, Yangfeng Johnson Controls, Intap, Proseat, Noco AB and Other major players.
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However, these market analyses help in understanding market growth at both global and regional levels.For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.
Market Dynamics and Factors for Automotive Armrest Market:
Drivers:
Increasing Production and Emphasis on Interior Design of Car
The increasing production of automobiles and the growing emphasis on interior design are significant drivers for the automotive armrest market. As the automotive industry experiences continuous growth and competition, manufacturers are focusing more than ever on enhancing the comfort, aesthetics, and overall experience of the vehicle's interior.
Armrests play a crucial role in this context, providing ergonomic support and contributing to the overall interior aesthetics. Consumers now prioritize comfort and convenience features in their vehicles, leading automakers to invest in innovative armrest designs, materials, and functionalities.
Additionally, advancements in technology, such as integrated storage, connectivity, and even heating or cooling features within armrests, are further driving the demand for automotive armrests, making them a key component of modern vehicle interiors.
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Opportunities:
Huge Demand for Innovations in New Vehicles of the Car Industry
The substantial demand for innovations in new vehicles within the car industry presents a significant opportunity for the automotive armrest market. As consumers increasingly seek advanced and customized features in their vehicles, automakers are under pressure to differentiate their products through cutting-edge interior designs and amenities.
Automotive armrests, traditionally seen as functional elements, are now evolving into multifunctional components that can incorporate features like wireless charging, integrated controls, and even smart technology interfaces. This demand for innovation aligns with the opportunity for armrest manufacturers to develop and supply innovative solutions that enhance the overall driving experience, comfort, and convenience, thereby driving growth in the automotive armrest market.
Segmentation Analysis of the Automotive Armrest Market:
By Type, Passenger vehicles, often simply referred to as "cars," are motor vehicles primarily designed for the transportation of passengers rather than goods or cargo. These vehicles are typically designed to accommodate multiple occupants, usually with seating for two or more people, in addition to the driver.
By Type of Technology, Wood is a natural material derived from the trunks, branches, and roots of trees. It is one of the most versatile and widely used materials in various industries and applications.
Wood has been used by humans for countless purposes for thousands of years, including construction, furniture making, flooring, paper production, crafting, and more.
By Type
- Passenger Vehicles
- Commercial Vehicles
By Material
- Wood
- Plastic
- Steel
- Aluminium
By Sales Channel
- Aftermarket
- OEMs
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Regional Analysis of the Automotive Armrest Market:
The Asia Pacific is projected to hold a significant share of the global automotive armrest market, because of the increased production and sale of passenger vehicles in China, South Korea, and India. China, Japan, India, and South Korea are all strong economies in the Asia Pacific.
The automotive armrest market in the area is expected to be driven by the growth of the e-commerce industry, as well as the existence of a well-established supply chain network catering to the shipbuilding industry, car productions, and rising demand for transportation.
Key Industry Development:
In April 2023, Faurecia announced the development of its Zero-Gravity Captain Chair, a rear passenger seating solution that delivers advanced well-being tailored for the Chinese market. Inspired by NASA's space exploration, the seat can be set to a "zero gravity" position, which reclines it to an almost flat angle.
In April 2023, Faurecia introduced the new "Skin Light Panel" that offers weight reduction, extra room for rear passengers, improved recyclability, and cost savings. This new Skin Light Panel also delivers perfect integration into the complete seat, including rear airbag management.
The seating panel has a smooth finish, high- performance scratch-resistance material, and life-long durability.
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