Saudi Arabia automotive
interior market is anticipated to witness robust growth during the forecast
period, 2023-2027. Factors such as the high demand for SUVs and the increased
customer preference for comfort features in an automobile are driving the demand
for the Saudi Arabia automotive interior market. Also, the rapid launch of
semi-autonomous and autonomous vehicles in the market and the ongoing
technological advancements are expected to create significant growth
opportunities for the Saudi Arabia automotive interior market over the next
five years.
High Demand for SUVs
Drives the Market Growth
In 2020, 452.54 thousand
units of total vehicles were sold in Saudi Arabia. The country has abundant
resources of oil & gas. Customers prefer to buy SUVs as they provide a
comfortable and luxurious experience to the passengers and the availability of
oil at low prices. Also, the government had recently lifted the ban on
purchasing 7-seater or larger SUVs, which is expected to boost the demand for
SUVs in the region considerably. Harsh climatic conditions and the high
disposable income of the consumers enable them to afford a quality lifestyle.
The large families could easily accommodate large spaces and have head and
legroom space. SUVs have a massive frame and can provide enough room to
transport loads of luggage without dropping the back seats. SUVs have a larger
load-carrying capacity which makes them suitable for long-distance traveling. SUVs
are safer to drive and are integrated with driver assistance systems that lower
the risk of driving and alert the driver in time to prevent road accidents.
Market players are launching SUVs in the environment-friendly market and are
fuel-efficient to propel the sales of SUVs of their respective brands. SUVs or
luxury cars are equipped with several interior components that provide
consumers with an enhanced traveling experience. The rise in the demand for
SUVs among consumers is expected to bolster the growth of the Saudi Arabia
automotive interior market over the forecast period.
Technological
Advancements of Automotive Interior Components Supports High Market Demand
Market players are
investing in research and development activities to find innovative solutions
to upgrade the existing infrastructure. Manufacturers are making efforts to
find lightweight materials and technologies to reduce the vehicle's weight. The
weight of the automobile can also be lowered by changing the weight of the
seats. Lightweight material makes the vehicles more fuel-efficient. The automotive interior component manufacturers
have started to use plastics in vehicle doors and instrument panels.
Manufacturers use a different kind of plastic and finishing according to the
price range of the vehicle. Furthermore, the market players have started
integrating advanced technologies like voice command control, internet of
things technology, and 3D map navigation facility in the in-dash navigation
system of the automobile, which is garnering significant attention from the
potential customers across the country.
Increased Popularity of
Autonomous and Semi-Autonomous Vehicles Boosts the Market Growth
The Kingdom of Saudi
Arabia has allocated funds worth $500bn to invest in the development of Neom, a
smart city. It will be built from scratch, and the residents will use the fully
autonomous vehicle for daily commute purposes. The demand for autonomous
vehicles is expected to positively affect the advanced automotive interior
technologies as they need the interior components to switch between the
different driver modes seamlessly. Also, the sales of semi-autonomous vehicles
are accelerating at a rapid pace as they contain a combination of automated and
manual functions. They are expected to fuel the demand for electronic cockpit
systems, which need to be installed in semi-autonomous vehicles.
Download Free Sample Report
Market Segmentation
The Saudi Arabia automotive interior
market is segmented into vehicle type, component, material, regional
distribution, and competitive landscape. Based on vehicle type, the
market is divided into passenger Car, LCV, and M&HCV. Based on component,
the market is divided into center stack, display, seat, door panel, headliner,
interior lightings, dome module, infotainment system, and others. Based on material,
the market is divided into leather, fabric, plastic, glass, wood, and fiber. To
analyze the market based on the region, the Saudi Arabia automotive interior market
is studied in major regions namely north & central region, southern region,
western region, and eastern region.
Market Players
Robert Bosch GmbH,
Continental AG, Denso Corporation, Panasonic Corporation, Magna International
Inc., Lear Corporation, Faurecia S.A., Visteon Corporation, Yanfeng Automotive
Interiors, Faurecia SE, are the major market players operating in the Saudi Arabia
automotive interior market.
|
Attribute
|
Details
|
|
Base Year
|
2021
|
|
Historic Data
|
2017 – 2020
|
|
Estimated Year
|
2022
|
|
Forecast Period
|
2023 – 2027
|
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
|
|
Report coverage
|
Revenue forecast, company share, competitive landscape, growth
factors, and trends
|
|
Segments covered
|
·
Vehicle Type
·
Component
·
Material
|
|
Regional scope
|
Northern & Central,
Southern, Eastern, Western
|
|
Key companies profiled
|
Robert Bosch GmbH, Continental AG, Denso
Corporation, Panasonic Corporation, Magna International Inc., Lear
Corporation, Faurecia S.A., Visteon Corporation, Yanfeng Automotive Interiors,
Faurecia SE
|
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, Saudi Arabia automotive
interior market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- Saudi Arabia Automotive
Interior Market, By Vehicle Type:
- Saudi Arabia Automotive Interior Market, By Component:
- Center Stack
- Display
- Seat
- Door Panel
- Headliner
- Interior Lightings
- Dome Module
- Infotainment System
- Others
- Saudi Arabia Automotive Interior Market, By Material:
- Leather
- Fabric
- Plastic
- Glass
- Wood
- Fiber
- Saudi Arabia Automotive
Interior Market, By Region:
- Northern & Central
- Southern
- Eastern
- Western
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Saudi Arabia automotive interior market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Saudi Arabia automotive interior market
is an upcoming report to be released soon. If you wish an early delivery of
this report or want to confirm the date of release, please contact us at [email protected]