Middle East and Africa 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
The overhead market in Middle East & Africa comprises countries such as Turkey, South Africa, and Rest of Middle East & Africa. The automotive sector in these countries is growing at a steady pace. The governments of several countries in MEA have realized the importance of the automotive industry and are taking initiatives to support the growth of the automotive manufacturing industry in the region. For instance, the Government of South Africa launched South African Automotive Master plan (SAAM) that aims to broaden and deepen the local value chains. Additionally, the automotive manufacturers in South Africa are focusing on strengthening their position in the country. For instance, in 2018, Mahindra SA opened its vehicle assembly facility in South Africa, in Durban. In January 2020, Toyota announced that it would invest ~US$ 266.21 million in its parts distribution and manufacturing projects in South Africa. Therefore, the government initiatives for the development of the automotive sector and the increasing focus of the companies toward strengthening their presence in the region are expected to support the growth of the overhead console market in the region.
The major countries in the MEA facing the economic impact of COVID-19 pandemic include Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait. The region is projected to register a swift decline in manufacturing activities due to industries shutting down and technology innovations coming to a halt across the Middle East and Africa region; this can be attributed to lowered production activities and disruption of manufacturing in many countries in these regions. Irrespective of the previous projections regarding steady growth of the overhead console market in the MEA due to escalating demand of automobiles, to enhance resource utilization, improve efficiencies, and enhance driver safety. In Saudi Arabia and the UAE, the imposition of travel restrictions and disruption of supply chains are limiting the overhead console market growth to a certain extent. The impact of the COVID-19 pandemic on this market has been huge both as a merit and demerit. However, it will certainly see a heavy rise after the pandemic.
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Market Overview and Dynamics
The overhead console market in Middle East & Africa is expected to grow from US$ 384.41 million in 2021 to US$ 503.94 million by 2028; it is estimated to grow at a CAGR of 3.9% from 2021 to 2028. There is an increase in adoption of vehicle telematics along with overhead consoles in the vehicles for the movement of a vehicle and monitoring location by combining global positioning system (GPS) and on-boards diagnostics systems. The vehicle telematics systems are primarily integrated by automobile fleet management companies to precisely monitor behavior and location of a vehicle. Further, the growing adoption of smartphones has enhanced the features of connectivity in the vehicle over time. The consumer requires to constantly stay connected with the outer world while travelling. The vehicle connectivity has become the necessity now-a-days, and the automobile manufacturers are integrating connectivity solutions in their vehicles to boost the features and the automobile sales. Therefore, the vehicle telematics market is anticipated to grow prominently owing to growing customer demands for staying connected 24*7 even while travelling. The automakers are installing overhead consoles for enhancing the geofencing, real-time monitoring, and diagnostic features to meet the mounting demand for fleet safety and security in transportation of goods through commercial vehicles. As per the telematics service providers, telematics in the automotive industry is anticipated to expand rapidly specifically in the developing economies. Therefore, surging requirement for enhanced safety and security is anticipated to boost the installation of overhead console with automotive telematics features
Key Market Segments
In terms of application, the others segment accounted for the largest share of the Middle East & Africa 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 Middle East & Africa 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.; and Yanfeng Automotive Interiors among others.
Reasons to buy report
- To understand the Middle East & Africa 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 Middle East & Africa overhead console market
- Efficiently plan M&A and partnership deals in Middle East & Africa 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 Middle East & Africa overhead console market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Middle East & Africa region.
Middle East & Africa Overhead console market Segmentation
Middle East & Africa Overhead Console Market – By Application
- Vehicle Telematics
- Infotainment System & HMI
- Others
Middle East & Africa Overhead Console Market – By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
Middle East & Africa Overhead Console Market – By Country
- South Africa
- Turkey
- Rest of MEA
Middle East & Africa Overhead console market-Companies Mentioned
- Flex ltd
- Grupo Antolin
- Hella GmbH and Co. KGAA
- Magna International Inc.
- Yanfeng Automotive Interiors
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. Middle East & Africa Overhead Console – Market Landscape
4.1 Market Overview
4.2 PEST ANALYSIS
4.3 Ecosystem Analysis
5. Middle East & Africa Overhead Console – Market Dynamics
5.1 Market Drivers
5.1.1 Escalating Consumer Investments on Car Accessories
5.2 Market Restraints
5.2.1 Lesser Adoption of Luxury Cars in Developing Economies
5.3 Market Opportunities
5.3.1 Scaling Adoption of Vehicle Telematics
5.4 Future Trends
5.4.1 Elevating Integration of AI in Automotive Industry
5.5 Impact Analysis of Drivers and Restraints
6. Middle East & Africa Overhead Console Market – Market Analysis
6.1 Middle East & Africa Overhead Console Market Overview
6.2 Middle East & Africa Overhead Console Market, Revenue and Forecast to 2028 (US$ Million)
7. Middle East & Africa Overhead Console Market Analysis– By Application
7.1 Overview
7.2 Middle East & Africa 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. Middle East & Africa Overhead Console Market Analysis – By Vehicle Type
8.1 Overview
8.2 Middle East & Africa 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. Middle East & Africa Overhead Console Market – Country Analysis
9.1 Overview
9.1.1 Middle East & Africa Overhead Console Market Breakdown, By Country
9.1.1.1 Turkey Overhead Console Market, Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Turkey Overhead Console Market Breakdown, By Application
9.1.1.1.2 Turkey Overhead Console Market Breakdown, By Vehicle Type
9.1.1.2 South Africa Overhead Console Market, Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 South Africa Overhead Console Market Breakdown, By Application
9.1.1.2.2 South Africa Overhead Console Market Breakdown, By Vehicle Type
9.1.1.3 Rest of MEA Overhead Console Market, Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of MEA Overhead Console Market Breakdown, By Application
9.1.1.3.2 Rest of MEA Overhead Console Market Breakdown, By Vehicle Type
10. Middle East & Africa 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 Grupo Antolin
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 Hella GmbH and Co. KGAA
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 Magna International Inc.
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 Yanfeng Automotive Interiors
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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Middle East & Africa Overhead Console Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Middle East & Africa Overhead Console Market, Revenue and Forecast to 2028 – By Country (US$ Million)
Table 3. Turkey Overhead Console Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 4. Turkey Overhead Console Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 5. South Africa Overhead Console Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 6. South Africa Overhead Console Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 7. Rest of MEA Overhead Console Market, Revenue and Forecast to 2028 – By Application (US$ Million)
Table 8. Rest of MEA Overhead Console Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ Million)
Table 9. List of Abbreviation
LIST OF FIGURES
Figure 1. Overhead Console Market Segmentation
Figure 2. Overhead Console Market Segmentation – By Country
Figure 3. Middle East & Africa 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. Middle East & Africa Overhead Console Market – PEST Analysis
Figure 8. Overhead Console Market: Ecosystem Analysis
Figure 9. Overhead Console Market Impact Analysis of Drivers and Restraints
Figure 10. Middle East & Africa Overhead Console Market, Revenue and Forecast to 2028 (US$ Million)
Figure 11. Middle East & Africa 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. Middle East & Africa 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 Middle East & Africa Overhead Console Market
Figure 19. Middle East & Africa Overhead Console Market Breakdown, By Country, 2020 & 2028 (%)
Figure 20. Turkey Overhead Console Market, Revenue and Forecast, 2019–2028 (US$ Million)
Figure 21. South Africa Overhead Console Market, Revenue and Forecast, 2019–2028 (US$ Million)
Figure 22. Rest of MEA Overhead Console Market, Revenue and Forecast, 2019–2028 (US$ Million)
Figure 23. Impact of COVID-19 Pandemic in Middle East and Africa Countries
- Flex ltd
- Grupo Antolin
- Hella GmbH and Co. KGAA
- Magna International Inc.
- Yanfeng Automotive Interiors
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa overhead console market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa overhead console market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the overhead console market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution