North America EV Interior Market Research Report Forecast to 2030
The North America EV interior market is expected to grow at 27.5% CAGR during the forecast period, 2022-2030. Market expansion has been fueled by supportive government policies, subsidies, and tax rebates encouraging EV adoption. The cost advantages of electric vehicles over conventional vehicles and other factors will help the market expand throughout the projected period. Another element that is anticipated to generate considerable development prospects for industry participants is a drop in battery pack pricing. The rising demand for luxurious interiors and more advanced security features among today's consumers accounts for a sizable portion. Safety standards and regulations in the nation have spurred car makers to build safety measures like seatbelts and airbags. Because of the growing demand for passenger cars, ongoing technical improvements, and the relative affordability of luxury alternatives, North America has a more developed market for interior automobile materials than other regions. Therefore, the market for EV interiors is growing.
The interior, or all the components inside a vehicle, is the part of an automobile that the driver and passengers see and experience the most, in addition to the vehicle’s outward appearance.
Market SegmentationThe North America EV interior market is segmented, based on EV interior type, into entre Stack, Head-up Display, Instrument Cluster, Rear Seat Entertainment, Dome Module, Headliner, Seat, Interior Lighting, Door Panels, and Others.
The North America EV interior market is segmented, based on APPLICATION, into Leather, Fabric, Vinyl, Wood, Glass Fiber Composite, Carbon Fiber Composite, and Metal.
Regional AnalysisThe U.S. segment accounted for the larger market share in 2018, with a market value of USD 1,469.5 million; it is expected to register a CAGR of 27.4% during the forecast period. The Mexico segment was the second-larger market in 2018, valued at USD 10.1 million; it is projected to exhibit a CAGR of 31.9%.
Major PlayersLUCID MOTORS, TESLA INC, NIO Motors, BYD Auto, BMW AG, X Peng, Lincoln Global Motors, Honda Motors, Chevrolet Motors, Rolls Royce Motors are the major companies in the market.
Companies MentionedLUCID MOTORS
TESLA INC
NIO Motors
BYD Auto
BMW AG
X Peng
Lincoln Global Motors
Honda Motors
Chevrolet Motors
Rolls Royce Motors
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