Global Automotive Armrest Market Growth 2023-2029

Global Automotive Armrest Market Growth 2023-2029

In an automotive context, an armrest (or arm rest) is a feature found in many modern vehicles on which occupants can rest their arms. Armrests are also found on chairs in general.

LPI (LP Information)' newest research report, the “Automotive Armrest Industry Forecast” looks at past sales and reviews total world Automotive Armrest sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Armrest sales for 2023 through 2029. With Automotive Armrest sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Armrest industry.

This Insight Report provides a comprehensive analysis of the global Automotive Armrest landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Armrest portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Armrest market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Armrest and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Armrest.

The global Automotive Armrest market size is projected to grow from US$ 2432 million in 2022 to US$ 3078.2 million in 2029; it is expected to grow at a CAGR of 3078.2 from 2023 to 2029.

China is the largest Automotive Armrest market with about 28% market share. Europe is follower, accounting for about 24% market share.

The key players are Adient, Grammer, Faurecia, Toyota Boshoku, Tachi-s, Ningbo Jifeng, Piston Group (Irvin), JR-Manufacturing, Tesca, Woodbridge USA, Windsor Machine Group, Fehrer, Proseat, Kongsberg Automotive ASA, MARTUR, Landers, Rati etc. Top 5 companies occupied about 61% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Armrest market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
OEM
Aftermarket

Segmentation by application
Passenger Vehicle
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Adient
Grammer
Faurecia
Toyota Boshoku
Tachi-s
Ningbo Jifeng
Piston Group (Irvin)
JR-Manufacturing
Tesca
Woodbridge USA
Windsor Machine Group
Fehrer
Proseat
Kongsberg Automotive ASA
MARTUR
Landers
Rati

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Armrest market?

What factors are driving Automotive Armrest market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Armrest market opportunities vary by end market size?

How does Automotive Armrest break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.