Europe Overhead Console Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Vehicle Telematics, Infotainment System & HMI, and Others) and Vehicle Type (Passenger Cars and Commercial Vehicles)
Market Introduction
Europe comprises economies such as Germany, France, the UK, and Italy. The western part of Europe is characterized for its higher standards of living, with high GDP. The automotive industry directly and indirectly contributed ~7% to the GDP of the region. The automotive sector supports the growth of the economy by assisting the supply chain that results in the creation of a diversified array of business opportunities and services. The European region comprises several major automotive manufacturing assembly and production plants. There are ~298 vehicle assembly plants across Europe. In 2019 and 2020, the production of commercial and passenger vehicles were 4,371,499 and 3,581,851 units, while sales for 2019 and 2020 were 2,498,016 and 2,625,506, respectively. In recent years, the automotive industry has been flourishing in the Central and Eastern European (CEE) region. Rising numbers of car manufacturers established their state-of-the-art and modern production sites in CEE countries, owing to the competitive advantage the CEE region over Western European countries. Owing to increased economic development and political consolidation, the region has enjoyed higher attention from investors, as they consider the region as one joined-up sourcing, manufacturing, and logistics hub. OEM’s and the major automotive suppliers such as Mercedes-Benz, Porsche, Audi, Dacia, Skoda, Jaguar Land Rover (JLR), Kia, Hyundai, VW, and BMW have established their presence in the region. This is pertaining to the presence of innovative and developed supply chain environment, while CEE provides some of the best environments for the automotive industry in the world. Thus, the growing automotive sector in CEE region supports the growth of overhead console market, as the requirement of overhead console is directly associated to the vehicle production.
The impact of COVID-19 differed from country to country across the European region as selected countries witnessed an increase in the number of recorded cases and subsequently attracted strict as well as longer lockdown periods or social isolation. However, Western European countries such as Germany, France, and the UK have seen a comparatively modest growth in industrial activities due of the strong healthcare system. To protect its citizens from the COVID-19 virus, the European government has made tremendous investments in incorporating technologies in its healthcare systems to help identify signs of the COVID-19.
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Market Overview and Dynamics
The overhead console market in Europe is expected to grow from US$ 2645.94 million in 2021 to US$ 3955.19 million by 2028; it is estimated to grow at a CAGR of 5.9% from 2021 to 2028. In the earlier generation, consumers used to purchase premium vehicles to reflect their social status, but the new generation is expressing other reasons for buying premium autos for the need of luxury and clever technologies. According to the studies, women are playing an important role in the premium car market, especially in the developed economies. As per the survey, while selecting a vehicle model, women primarily focus on safety features, comfort, and exterior styling, over the attributes favored by their male counterparts, such as powertrain technology, socially recognized premium brands, and bigger models. The mounting inclination of consumers toward comfortable travel experience is also propelling the demand of car accessories for an entertaining, luxurious driving experience, a surge in vehicle customization among the young population, and increasing trends toward moving car accessories are prominent factors for the Europe overhead console market. Also, the modern customer demands the best range of accessories at a reasonable cost. Several car accessories brands are providing premium quality car accessories at desirable prices. Thus, the above-mentioned factors are driving the demand for overhead consoles in sedans and SUVs.
Key Market Segments
In terms of application, the others segment accounted for the largest share of the Europe overhead console market in 2020. In terms of vehicle type, the Passenger vehicle segment held the larger market share of the overhead console market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the overhead console market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Flex Ltd.; Grupo Antolin; Hella GmbH & Co. KGAA; Magna International Inc.; Yanfeng Automotive Interiors; Gentex Corporation; and Daimay Automotive Interior Co., Ltd. among others.
Reasons to buy report
- To understand the Europe overhead console market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe overhead console market
- Efficiently plan M&A and partnership deals in Europe overhead console market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe overhead console market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
Europe Overhead console market Segmentation
Europe Overhead Console Market – By Application
- Vehicle Telematics
- Infotainment System & HMI
- Others
Europe Overhead Console Market – By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
Europe Overhead Console Market – By Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Europe Overhead console market-Companies Mentioned
- Flex ltd
- Grupo Antolin
- Hella GmbH and Co. KGAA
- Magna International Inc.
- Yanfeng Automotive Interiors
- Gentex Corporation
- Daimay Automotive Interior Co. Ltd
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Overhead Console – Market Landscape
4.1 Market Overview
4.2 PEST ANALYSIS
4.3 Ecosystem Analysis
5. Europe Overhead Console – Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Consumer Investments on Car Accessories
5.2 Market Restraints
5.2.1 Less Adoption of Luxury Cars in Developing Economies
5.3 Market Opportunities
5.3.1 Growing Adoption of Vehicle Telematics
5.4 Future Trends
5.4.1 Advanced Adoption of AI in Automotive Industry
5.5 Impact Analysis of Drivers and Restraints
6. Europe Overhead Console Market – Market Analysis
6.1 Europe Overhead Console Market Overview
6.2 Europe Overhead Console Market Revenue and Forecast to 2028 (US$ Million)
7. Europe Overhead Console Market Analysis –By Application
7.1 Overview
7.2 Europe Overhead Console Market, By Application (2020 & 2028)
7.3 Vehicle Telematics
7.3.1 Overview
7.3.2 Vehicle Telematics: Overhead Console Market Revenue and Forecast to 2028 (US$ Million)
7.4 Infotainment System & HMI
7.4.1 Overview
7.4.2 Infotainment System & HMI: Overhead Console Market Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Overhead Console Market Revenue and Forecast to 2028 (US$ Million)
8. Europe Overhead Console Market Analysis – By Vehicle Type
8.1 Overview
8.2 Overhead Console Market, By Vehicle Type (2020 & 2028)
8.3 Passenger Cars
8.3.1 Overview
8.3.2 Passenger Cars: Overhead Console Market Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial Vehicle
8.4.1 Overview
8.4.2 Commercial Vehicle: Overhead Console Market Revenue and Forecast to 2028 (US$ Million)
9. Europe Overhead Console Market – Country Analysis
9.1 Overview
9.1.1 Europe Overhead Console Market Breakdown, by Country
9.1.1.1 UK Overhead Console Market, Revenue and Forecast to 2028
9.1.1.1.1 UK Overhead Console Market Breakdown, By Application
9.1.1.1.2 UK Overhead Console Market Breakdown, By Vehicle Type
9.1.1.2 Germany Overhead Console Market, Revenue and Forecast to 2028
9.1.1.2.1 Germany Overhead Console Market Breakdown, By Application
9.1.1.2.2 Germany Overhead Console Market Breakdown, By Vehicle Type
9.1.1.3 France Overhead Console Market, Revenue and Forecast to 2028
9.1.1.3.1 France Overhead Console Market Breakdown, By Application
9.1.1.3.2 France Overhead Console Market Breakdown, By Vehicle Type
9.1.1.4 Italy Overhead Console Market, Revenue and Forecast to 2028
9.1.1.4.1 Italy Overhead Console Market Breakdown, By Application
9.1.1.4.2 Italy Overhead Console Market Breakdown, By Vehicle Type
9.1.1.5 Russia Overhead Console Market, Revenue and Forecast to 2028
9.1.1.5.1 Russia Overhead Console Market Breakdown, By Application
9.1.1.5.2 Russia Overhead Console Market Breakdown, By Vehicle Type
9.1.1.6 Rest of Europe Overhead Console Market, Revenue and Forecast to 2028
9.1.1.6.1 Rest of Europe Overhead Console Market Breakdown, By Application
9.1.1.6.2 Rest of Europe Overhead Console Market Breakdown, By Vehicle Type
10. Europe Overhead Console Market - COVID-19 Impact Analysis
10.1 Overview
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 FLEX LTD
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Gentex Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Grupo Antolin
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 HELLA GmbH and Co. KGaA
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Magna International Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Yanfeng Automotive Interiors
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Diamond Coatings Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Daimay Automotive Interior Co. Ltd
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 JPC Automotive
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Overhead Console Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe Overhead Console Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 3. UK Overhead Console Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 4. UK Overhead Console Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 5. Germany Overhead Console Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 6. Germany Overhead Console Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 7. France Overhead Console Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 8. France Overhead Console Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 9. Italy Overhead Console Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 10. Italy Overhead Console Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 11. Russia Overhead Console Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 12. Russia Overhead Console Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 13. Rest of Europe Overhead Console Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 14. Rest of Europe Overhead Console Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. Overhead Console Market Segmentation
Figure 2. Overhead Console Market Segmentation – By Country
Figure 3. Europe Overhead Console Market Overview
Figure 4. Overhead Console Market, by Application
Figure 5. Overhead Console Market, by Vehicle Type
Figure 6. Overhead Console Market, By Country
Figure 7. Overhead Console Market – Europe PEST Analysis
Figure 8. Overhead Console Market: Ecosystem Analysis
Figure 9. Overhead Console Market Impact Analysis of Drivers and Restraints
Figure 10. Europe Overhead Console Market, Revenue and Forecast To 2028 (US$ Million)
Figure 11. Overhead Console Market, by Application (2020 & 2028)
Figure 12. Vehicle Telematics: Overhead Console Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Infotainment System & HMI: Overhead Console Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Others: Overhead Console Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Overhead Console Market, By Vehicle Type (2020 & 2028)
Figure 16. Passenger Cars: Overhead Console Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Commercial Vehicle: Overhead Console Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Geographic Overview of Europe Overhead Console Market
Figure 19. Europe Overhead Console Market Breakdown, by Country, 2020 & 2028(%)
Figure 20. UK Overhead Console Market, Revenue and Forecast, 2019–2028 (US$ Million)
Figure 21. Germany Overhead Console Market, Revenue and Forecast, 2019–2028 (US$ Million)
Figure 22. France Overhead Console Market, Revenue and Forecast, 2019–2028 (US$ Million)
Figure 23. Italy Overhead Console Market, Revenue and Forecast, 2019–2028 (US$ Million)
Figure 24. Russia Overhead Console Market, Revenue and Forecast, 2019–2028 (US$ Million)
Figure 25. Rest of Europe Overhead Console Market, Revenue and Forecast, 2019–2028 (US$ Million)
Figure 26. Impact of COVID-19 Pandemic in Europe Country Markets
- Flex ltd
- Grupo Antolin
- Hella GmbH and Co. KGAA
- Magna International Inc.
- Yanfeng Automotive Interiors
- Gentex Corporation
- Daimay Automotive Interior Co. Ltd
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe overhead console market.
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- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the overhead console market, as well as those hindering it
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