CAGR: 5.10%Current Market Size: USD 12.9 BillionFastest Growing Region: Europe
Largest Market: APACProjection Time: 2023-2030Base Year: 2022
The global automotive roof liners market is expected to grow from USD 12.9 billion in 2022 to USD 19.20 billion by 2030, at a CAGR of 5.10% during the Projection period 2023-2030. The growth of the automotive roof liners market is mainly driven owing to the increasing demand for automobiles.
Automotive roof liners can give the car interior a nice visual appearance. Automobile headliners also shield the occupants from head injuries in the event of collisions. Since the majority of owners of premium and luxury cars favor cars with high-end interiors, roof liners are playing the most important role in enriching the interior of the automobile. Therefore, one of the most popular categories among consumers is automobile roof liners. The makers of automobile roof liners are also concentrating on the creation of various types of roof liners in order to improve the visual appearance of the car interior. Therefore, it is predicted that throughout the Projection period, the global market for automobile roof liners would expand at a strong CAGR. One of the main elements favorably affecting the market is the automobile industry's rapid rise. In addition, growing consumer spending on better ventilation and brighter inside lighting to improve the overall driving experience as well as an increase in passenger vehicle sales due to individuals' rising per capita incomes are all contributing to the market's expansion. Leading automakers are also concentrating on modernizing the look of automobile roof liners by utilizing cutting-edge materials. Additionally, the growing sales of high-end and luxury vehicles are a growth-promoting element.
Sample Request: - Global Automotive Roof Liners Market
Market Dynamics:
Drivers:
Automobile OEMs' preference for delivering consumers automotive roof liners as a value-added service has been crucial to the market's expansion. The demand for luxury and premium vehicles is rising as a result of rising per capita earnings among the populace in developing economies. Consequently, it is projected that a robust need for automobile roof liners will emerge globally. Additionally, the ability of automobile roof liners to absorb sound is increasing its popularity in passenger cars. Therefore, the automobile roof liners market will experience growth along with the increase in passenger car sales. Additionally, automobile roof liners absorb the vibrational sound that rain produces.
Restraints:
However, adding roof bars has the drawback of increasing air resistance on vehicles while they are in motion, increasing their overall weight, and decreasing their fuel efficiency, which will operate as a market limitation for automotive roof liners in the Projection period.
Opportunities:
Due to the expansion and advancement of the entire automotive industry, the automotive roof liners market has tremendous potential for growth over the Projection period. Additionally, in developed countries, high quality of living and rising disposable incomes have made it possible for people to use cars. Moreover, over the aforementioned Projection period, the automobile roof liners market would expand due to the rise in the popularity of outdoor and recreational activities.
Challenges:
The automotive roof liners industry is primarily hampered due to its operational problems in harsh climatic conditions like extreme cold and excessive heat. When the system is brought to the ideal temperature, the resistance falls and the system becomes stable.
Segmentation Analysis:
The global automotive roof liners market has been segmented based on laminating material, vehicle type, and region.
By Laminating Material
The laminating material segment is glass, fabric, and others. The glass segment led the largest share of the automotive roof liners market with a market share of around 40% in 2022. The factors that can be attributed to technological advancements, material innovations such as improvement in sunroof glazing which has reduced the overhead safety concerns, and glass which can reflect UV rays are accelerating the demand for this segment.
By Vehicle Type
The vehicle type segment is a commercial vehicle, passenger vehicle, heavy commercial vehicle, and light commercial vehicle. Passenger vehicle led the largest share of the automotive roof liners market with a market share of around 35% in 2022. This expansion is the result of the increasing global demand for passenger cars. The increasing use of automotive infotainment systems in passenger vehicles, which offer navigational services, climate control, voice control, parking assistance, two-way communication tools, and internet access, is a factor in the segment's growth.
Global Automotive Roof Liners Market- Sales Analysis.
The sale of automotive roof liners market expanded at a CAGR of 4.30% from 2016 to 2022.
Innovation in glass technology and a rise in demand for comfort, safety, and convenience features are driving the global automotive roof liners market. Additionally, the rise in demand for luxury vehicles and the improved aesthetics of glass surfaces, notably larger roof liners, in automobiles drive the expansion of the automotive roof liners market. The need for automobile sunroofs is also growing due to rising consumer desire for sunroof-equipped vehicles in emerging markets. The industry has seen significant expansion as a result of rising luxury vehicle demand, expanding use of roof liners in electric vehicles worldwide, and rising auto sales.
During the Projection period, each of these variables is expected to favourably contribute to the global automotive roof liners market's expansion. The total market growth elements will be constrained by a number of reserves and limits. The market's growth is hampered by issues like high integration costs and high maintenance costs. However, the ongoing advancements in technologies, such as full-length dual panel panoramic glass roof liner feature in addition to a sumptuous design, as well as unexplored markets in emerging regions, present exciting growth opportunities.
Thus, owing to the aforementioned factors, the global automotive roof liners market is expected to grow at a CAGR of 5.1% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the automotive roof liners market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The Asia Pacific region dominated the automotive roof liners market and held a 39% share of the market revenue in 2022.
Global Automotive Roof Liners Market- Country Analysis:
Germany's automotive roof liners market size was valued at USD 0.12 billion in 2022 and is expected to reach USD 0.15 billion by 2030, at a CAGR of 3% from 2023 to 2030. The growing demand for automotive roof liners from the region is due to the presence of major auto manufacturers there.
China’s automotive roof liners market size was valued at USD 0.25 billion in 2022 and is expected to reach USD 0.36 billion by 2030, at a CAGR of 5% from 2022 to 2030. China dominated the Asia Pacific market in 2020, and it is expected that it will continue to do so for the duration of the Projection period. The region's developing e-commerce industry is also anticipated to increase demand for commercial vehicles in the future years.
India's automotive roof liners market size was valued at USD 0.20 billion in 2022 and is expected to reach USD 0.27 billion by 2030, at a CAGR of 4% from 2022 to 2030. India's expanding disposable income led to a quick increase in automobile production and soaring sales.
Key Industry Players Analysis:
To increase their market position in the global automotive roof liners market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
5.10% |
Market Size |
12.9 billion in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Substrate, By Laminating Material, By Vehicle Type, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
Grupo Antolin, Atlas Roofing Corporation, Howa-Tramico, IAC Group, Lear Corporation, Motus Integrated Technologies, Harodite Industries, Industrialesud S.p.a., Toray Plastics, Inc., Freudenberg Performance Materials., Sage Automotive Interiors, SMS Auto Fabrics, Toyota Boshoku Corporation, and UGN Inc. |
By Substrate |
|
By Laminating Material |
|
By Vehicle Type |
|
Regional scope |
|
Scope of the Report
Global Automotive Roof Liners Market By Substrate:
Global Automotive Roof Liners Market By Laminating Material:
Global Automotive Roof Liners Market By Vehicle Type:
Global Automotive Roof Liners Market By Region:
Global automotive roof liners market is expected to reach USD 19.20 billion by 2030.
The automotive roof liners market is projected to have a CAGR of 5.10%.
Due to the expansion and advancement of the entire automotive industry, the automotive roof liners market has tremendous potential for growth over the Projection period. Additionally, in developed countries, high quality of living and rising disposable incomes have made it possible for people to use cars.
Based on the vehicle type, the automotive roof liners market is segmented into commercial vehicle, passenger vehicle, heavy commercial vehicle, and light commercial vehicle.
Leading market players active in the global automotive roof liners market are Atlas Roofing Corporation, Howa-Tramico, Grupo Antolin, IMR Industries, Motus Integrated Technologies, Lear Corporation, Toray Plastics, SMS Auto Fabrics, Freudenberg Performance Materials., Sage Automotive Interiors, Toyota Boshoku Corporation, UGN among other
Political Factors- The profitability of the automotive roof liners market will be directly impacted by its entry into high-tax jurisdictions. High taxes impede exports and have an impact on global trade. Automotive roof liners market can enter areas with low taxes and gain significant earnings that can be used to fund R&D initiatives. To understand the priorities and interests of the host government in emerging industries, the organisation may also investigate the taxation rules that are relevant to the industry. High trade barriers can further complicate the economic climate by hurting exports and ties with overseas trading partners additionally, if the nation's government under examination needs to take seriously its responsibility to safeguard the intellectual property rights of commercial firms.
Economic Factors- The ability of the automotive roof liners market to implement its long-term growth goals will depend on the GDP growth rate. A high GDP also indicates that consumers are able to spend more money on the goods being offered. The availability of surplus labour at relatively lower salaries is indicated by high unemployment. automotive roof liners market can reduce its production costs by operating in such a market. The interest rate and how it affects borrowing capacity and investment mindset should also be carefully taken into account by the company. The high-interest rate will promote an investment-friendly mindset and broaden the automotive roof liners market potential for growth. Finally, profitability and global trade can both be impacted by exchange rate fluctuations. For automotive roof liners market, the high local currency fluctuation could be a major source of worry.
Social Factors- For a multinational commercial market like the automotive roof liners market, changes in demographic patterns including the ageing population, migration trends, and socioeconomic characteristics are of the utmost importance. In order to select the market segment or market segments with the highest development potential, automotive roof liners market can benefit from studying the demographic factors. Migration has an impact on business and marketing strategy as well. Understanding the overall sentiment about migration is crucial for automotive roof liners market since it can affect businesses' capacity to hire foreign management in the host nation. Any society's acceptance of hierarchy and income disparity can be seen in the power distance. When entering markets with high or low power distance, automotive roof liners market must modify its business management procedures.
Technological Factors- To stay ahead of the competition, the automotive roof liners market should carefully analyse the ongoing technical developments. The potential for the 5G to improve business outcomes through improved user experience, better speed, and increased access should be closely monitored. Such technological advancements have the power to fundamentally alter a sector and rewrite the guidelines for market participants' success. Additionally, it's crucial to take into account the technology's state of development and maturity in the relevant industry. automotive roof liners market can expand market share by concentrating on emerging technical advancements by entering markets where technology advancement has not yet matured.
Environmental Factors- Businesses have been forced to implement cutting-edge recycling and waste management strategies due to the combination of rising environmental degradation and technological innovation. Recycling is almost a corporate standard in several nations. Additionally, automotive roof liners market must employ effective waste management procedures in organisational divisions that are situated in or close to urban regions. Many nations have established stringent regulations to safeguard their metropolitan regions through efficient garbage management. Some nations provide financial aid to encourage the use of renewable energy sources. To ensure long-term sustainability, the automotive roof liners market can profit from it and make investments in renewable technology. Due to improved brand perception, this investment will also result in higher stakeholder satisfaction and a larger consumer base.
Legal Factors- As certain nations have strong requirements to maintain labour safety, the automotive roof liners market must abide by the employee/labour health and safety legislation. The moral and ethical duty of the automotive roof liners market is to provide a safe working environment for its employees. In a similar vein, anti-discrimination laws (such as equal employment opportunity laws) also need to be carefully considered when developing human resource practises as discriminatory lawsuits against employers harm the organisational image and affect organisations' capacity to attract and retain talent. The privacy and security concerns of consumers have made data protection a crucial issue. To safeguard client data, the automotive roof liners market must research data protection laws.
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