According to the current analysis of Introspective Market Research, the global Automotive Armrest Market was valued at USD 1,991.24 Million in 2021 and is expected to reach USD 2,074.95 Million by the year 2028, at a CAGR of 0.59%.
An automotive armrest is used to give comfort to the person who is driving. The cushioning agent is primarily important when considering that moving cars can transmit vibrations near the human spine's resonant frequency of 3 Hz. The base can usually be moved forward and back on metal railings and may move up and down to adjust to different body types. This movement is accomplished either by manual latches or by electric levers. Furthermore, armrests with features such as portability and wireless charging, as well as soft materials like cloth, vinyl, leather, or PUR with improved esthetics, are becoming increasingly common among consumers. Thus, leads to the growth of the market.
The latest research on the Automotive Armrest market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Automotive Armrest industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Automotive Armrest market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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The growing production and selling of new vehicles are switching up demand for armrests from original equipment manufacturers (OEMs), which are hastening the automotive armrest market forward. Moreover, growing significance on car interior design and a rising car rental market is anticipated to turn the automotive armrest market forward over the forecast period. The global automotive armrest market is anticipated to increase as e-commerce becomes more common. Customers' costs of shopping in a typical retail store can be largely owing to transportation costs, such as petrol or public transportation, and also higher costs charged due to the inability to compare stores. Additionally, when it comes to online shopping, the prices are practically non-existent. Buying a product from a retailer online takes very little time, and it can be done from the comfort of a mobile phone without requiring the user to be physically present at the store. Consequently, leading armrest manufacturers are putting their goods on the internet to gain automotive armrest market share over the globe.
Segmentation of Automotive Armrest market:
By Type
· Passenger Vehicles
· Commercial Vehicles
By Material
· Wood
· Plastic
· Steel
· Aluminium
By Sales Channel
· Aftermarket
· OEMs
Market Segment by Regions and Countries Level Analysis:
§ North America (U.S., Canada, Mexico)
§ Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
§ Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
§ Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
§ Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
§ South America (Brazil, Argentina, Rest of SA)
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Players Covered in Automotive Armrest Market are:
The global automotive armrest market is highly fragmented owing to the existence of a number of top manufacturers.
· Grammer
· EFH Armrests
· Fehrer
· ABC Group
· BOS
· Master Molded Products Corporation
· Irvin Automotive Products
· Accuride
· Bentex Automotive
· Yangfeng Johnson Controls
· Intap
· Proseat
· Noco AB and Other major players.
Reasons to Purchase this Market Report:
Market forecast analysis through recent trends and SWOT analysis
Automotive Armrest Market Dynamics Scenarios with Market Growth Opportunities over the Next Year
Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts
Automotive Armrest Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.
Competitive environment related to the Automotive Armrest market share for key players, along with new projects and strategies that players have adopted over the past five years
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