Automotive Overhead Console Market Size, Share, Trends, Growth 2032

Automotive Overhead Console Industry Prospective:

The global automotive overhead console market size was worth around USD 39.2 billion in 2023 and is predicted to grow to around USD 75.1 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.5% between 2024 and 2032.

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Automotive Overhead Console Market: Overview

An automotive overhead console is a part that is integrated into the vehicle's interior roof space. It is usually situated between the driver and passenger seats, over the front seats. With storage, convenience, and extra features to improve the user experience, it fulfills both practical and decorative functions. As car technology advances, smart and connected features like voice assistant integration and improved user interfaces are progressively added to modern automotive overhead consoles.

The automotive overhead console market is driven by several factors, such as increasing adoption of advanced vehicle technologies, rising consumer demand for comfort and convenience, growth of the electric and autonomous vehicle markets, expansion of automotive production, focus on interior customization, integration of safety measures, and others.

Key Insights

• As per the analysis shared by our research analyst, the global automotive overhead console market is estimated to grow annually at a CAGR of around 7.5% over the forecast period (2024-2032).
• In terms of revenue, the global automotive overhead console market size was valued at around USD 39.2 billion in 2023 and is projected to reach USD 75.1 billion by 2032.
• The increasing demand for premium vehicles is expected to drive the automotive overhead console market over the forecast period.
• Based on type, the front overhead console segment is expected to dominate the automotive overhead console market over the forecast period.
• Based on material, the ABS segment is expected to hold the largest market share over the forecast period.
• Based on application, the vehicle telematics segment is expected to hold the largest market share over the forecast period.
• Based on vehicle type, the passenger cars segment is expected to garner the largest market share in the coming years.
• Based on region, Europe is expected to dominate the market during the forecast period.

Automotive Overhead Console Market: Growth Drivers

Rising adoption of advanced vehicle technologies drives market growth

One of the main factors driving the expansion of the automotive overhead console market is the growing integration of cutting-edge technologies in automobiles. The evolution of modern automobiles into highly integrated, feature-rich systems is opening up new possibilities for creative overhead console designs. Smart technology such as speech recognition microphones, touchscreen controls, and ambient lighting controls are now integrated into overhead consoles. These elements improve convenience and satisfy the rising demand from customers for intelligent car interiors.

Furthermore, overhead consoles are made to accommodate more hardware and software, like cameras for interior monitoring systems and sensors & displays for improved human-machine interfaces (HMI), as the market for autonomous and semi-autonomous vehicles grows. Passengers and the car can communicate more easily due to these features.

Automotive Overhead Console Market: Restraints

Competition from alternative interior components hinders market growth

The emergence of substitute interior components with comparable purposes poses serious challenges to the automobile overhead console business. Dashboards, head-up displays (HUDs), and other cutting-edge technologies are becoming more and more competitive with overhead consoles as vehicle interiors develop with an emphasis on centralization, innovation, and minimalism.

With HUD technology, important data like speed, navigation, and warnings are projected straight onto a transparent panel or the windshield. HUDs replace the need for overhead consoles to show or store comparable data, especially in high-end and luxury cars where sophisticated HUDs are starting to become popular.

Automotive Overhead Console Market: Opportunities

Rising product launch offers a lucrative opportunity for market growth

The rising product launch is expected to offer a lucrative opportunity for the automotive overhead console market during the forecast period. For instance, in August 2023, the much-awaited All-New Vellfire, a luxurious self-charging powerful hybrid electric masterpiece that redefines comfort, sophistication, and performance in the Indian automotive environment, was introduced by Toyota Kirloskar Motor (TKM). The All-New Vellfire raises the driving experience to new levels with its exceptional comfort, sophisticated mobility, commanding force, and dynamic capability.

Convenience and luxury are embodied in every ride due to the vehicle's thoughtful amenities and smoothly intuitive technology. The All-New Vellfire guarantees minimal fuel usage and carbon footprints while delivering a tremendous performance.

As a powerful hybrid electric vehicle (SHEV), the Vellfire can travel 40% of the distance and 60% of the time in electric or zero emission mode when the engine is off, according to research.

Automotive Overhead Console Market: Challenges

High manufacturing and integration costs pose a major challenge to market expansion

The rising expenses of producing and incorporating cutting-edge technologies onto these components are posing challenges for the automobile overhead console industry. The widespread use of overhead consoles may be hampered by these financial constraints, especially in car segments where cost is a concern.

The cost of producing overhead consoles rises dramatically when smart technologies like speech recognition microphones, touchscreens, and networking modules are added. Production costs are further increased by the need for sophisticated materials and sensors for features like safety systems, gesture controls, and ambient lighting.

Additionally, the seamless integration of contemporary overhead consoles with temperature controls, entertainment systems, and car safety systems necessitates increased engineering and design expenditures. The complexity and time required for development increase when compatibility with a vehicle's electronic architecture is achieved.

Automotive Overhead Console Market: Report Scope

Automotive Overhead Console Market: Segmentation

The global automotive overhead console industry is segmented based on type, material, application, vehicle type, and region.

Based on type, the global automotive overhead console market is segmented into front overhead consoles and rear overhead consoles. The front overhead console segment is expected to dominate the automotive overhead console market over the forecast period. The segment expansion is attributed to the rising demand for multifunctionality in vehicles.

Based on material, the global automotive overhead console industry is bifurcated into ABS, Polypropylene, SMA Plastic, and others. The ABS segment is expected to hold the largest market share over the forecast period. More innovation in ABS-based overhead console designs is anticipated as a result of the growing need for connected and smart cars, especially when it comes to housing cutting-edge electronics.

Based on application, the global automotive overhead console market is bifurcated into vehicle telematics, infotainment systems & HMI, and others. The vehicle telematics segment is expected to hold the largest market share over the forecast period. The market is evolving due to the need for connected and driverless vehicles, which is driving the integration of vehicle telematics into automotive overhead consoles. Overhead consoles are getting smarter due to telematics technology improvements, which provide more connectivity, safety, and convenience. It is anticipated that this tendency will sustain market growth, especially in areas where connected car technologies are widely adopted.

Based on vehicle type, the global automotive overhead console industry is bifurcated into passenger cars and commercial vehicles. The passenger cars segment is expected to garner the largest market share in the coming years due to the rising sales of passenger cars across the globe.

Automotive Overhead Console Market: Regional Analysis

Europe dominates the market over the projected period

Europe is expected to dominate the global automotive overhead console market. One of the primary drivers of this expansion is the high demand for premium cars in the area. The combined sales of European luxury automakers BMW, Mercedes-Benz, and Audi are expected to exceed 7 million units in 2023, indicating strong consumer demand for expensive cars with cutting-edge technology.

With an estimated 12 million vehicles produced in Europe this year, there will be a substantial demand for overhead console installations. With more than 6 million cars sold in Europe with sunroofs and moonroofs, the popularity of these amenities is noteworthy and makes the usage of overhead consoles necessary.

Automotive Overhead Console Market: Competitive Analysis

The global automotive overhead console market is dominated by players like:

• Flex
• Magna International Inc
• Gentex Corporation
• LS Automotive
• IAC Group
• Hella GmbH & Co. KGaA
• Grupo Antolin
• Motus Integrated Technologies
• Nifco KTS GmbH
• Toyota Boshoku Corporation
• JPC Automotive Co. Ltd
• Kojima Industries Corporation
• Mayco International LLC
• Yanfeng Automotive Interior
• Shanghai Daimay Automotive Interior Co. Ltd

The global automotive overhead console market is segmented as follows:

By Type

• Front Overhead Console
• Rear Overhead Console

By Material

• ABS
• Polypropylene
• SMA Plastic
• Others

By Application

• Vehicle Telematics
• Infotainment System & HMI
• Others

By Vehicle Type

• Passenger Cars
• Commercial Vehicles

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa