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Read MoreNorth American Automotive Headliners Market revenue to cross $2.8 Bn by 2026
Published Date: 2021-03-05
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North American Automotive Headliners Market size is anticipated to reach USD 2.8 billion by 2026, according to a latest forecast report by Graphical Research.
The increasing production of automobiles and the rising focus on weight reduction along with carbon footprint alleviation are some of the key factors estimated to drive the automotive headliners market growth. North America produced over 12.8 million motor vehicles in 2019 and the U.S. was the major producer with 10.9 million vehicles. Therefore, a large fleet production and felicitous properties, such as lightness, superior stiffness, and strength & durability offered by recent plastics are fueling the adoption of automotive headliners as a viable interior solution. Additionally, stringent regulations regarding vehicle emissions are steering manufacturers towards building lightweight automobiles. Besides, a 10% reduction in the weight of a passenger car may result in a 6% - 8% improved fuel efficiency and some 10% in the instance of electric cars.
Current plastics and composites play a critical part in the evolution of innovative and energy-efficient automobiles. Therefore, to mitigate the environmental impacts and reduce the carbon footprint, major manufacturers are using green ingredients for interior components. For instance, Ford Motors used bio-based polyurethane foams in some of their vehicles to reduce vehicle weight and carbon emission along the way.
On the other hand, the high cost of cutting-edge headliners and other overhead systems may create restraints for the market growth. Moreover, the reduced demand for automobiles due to the outbreak of COVID-19 has affected the automotive headliners market size significantly. The imposed lockdowns and restricted movement led to a shortage in raw materials resulting in declined vehicle production. This, in turn, severely affected the headliners market and the sales plummeted by over 21% in 2020. However, improving economic conditions and boosting consumer spending power is expected to improve the sales of automobiles in the approaching years. Hence, the consumption of automotive headliners has been projected to increase with an over 12% revival rate in 2021.
Browse detailed statistical insights from the report, “North America Automotive Headliners Market Size By Vehicle (HCV, LCV, Passenger Cars), By Material (Fabrics, Plastics), By Distribution Channel (Aftermarket, OEM), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1671/north-america-automotive-headliners-market
Fabrics segment will witness more than a 4.5% CAGR from 2020 to 2026. A range of factors is considered while determining the suitable material and some of these include low VOC, ventilation, safety, and geography. Government policies and regulations force manufacturers to use material with a small number of VOCs in the production of headliners and interiors of vehicles. Since fabrics are a worthwhile solution for reducing vehicle weight along with carbon footprint, the material is widely preferred by several auto manufacturers. Some of the fabrics used for headliners include synthetic cloth, foam-backed cloth, Alcantara, wool cloth, and others.
The aftermarket delivery channel emerged as the fastest-growing segment and is predicted to register a growth of over 6.4% till 2026. The growth is attributed to the existence of several medium and small-size suppliers. Moreover, the growing e-commerce industry will significantly drive the industry growth and will help suppliers to expand their consumer base. Another key factor fueling the product demand is the shifting preference of automobile owners for customized headliners.
The U.S. will account for the major automotive headliners market share throughout the study period. This is primarily due to the large vehicle fleet present in the nation. According to the U.S. Department of Transportation, the United States produced over 11.3 million passenger and commercial vehicles in 2018 and some 10.9 million vehicles in 2019. Additionally, the availability of global automobile manufacturers and the presence of world-class manufacturing facilities in the region are playing an important role in the progress of the automotive sector. The rising fondness of vehicle modification coupled with swelling demand for luxury & sports cars will further stimulate the market demand.
Key manufacturers of automotive headliners include Johns Manville, Motus Integrated Technologies, Toyota Boshoku Corporation, SA Automotive, Kasai North America, Inc., U.G.N., Inc., Inteva Products, LLC, Acme Auto Headlining Co., MGC Manufacturing Inc., CMP Automation Inc., Arkema Group, Grupo Antolin, and Sage Automotive Interiors. The manufacturers are focused on innovative product launches, manufacturing capacity expansion, and mergers & acquisitions to reinforce their position in the market.
The North American automotive headliners market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2015 to 2026 for the following segments:
North America Market, by Vehicle
- HCV
- LCV
- Passenger Cars
North America Market, by Material
- Fabrics
- Plastics
North America Market, by Distribution Channel
- Aftermarket
- OEM
The above information has been provided for the following countries:
- North America
- U.S.
- Canada