Lewes, DE -- (SBWire) -- 03/01/2018 --Report forecast the global automotive cockpit module market to grow at a CAGR of 4.53% during the period 2018-2022.
Automotive cockpit module is the assembly that consists of heating, ventilation, and air conditioning (HVAC) units, ducts, electronic units, wiring harnesses, and instrument panels that are built around the steering system.
The report covers the present scenario and the growth prospects of the global automotive cockpit module market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one driver in the market is increasing demand for automotive in emerging countries. The demand for automotive is rising in emerging economies such as Brazil, China, Mexico, and India, due to the increased purchasing power of consumers and significant economic growth. The growth in emerging markets, in step with ongoing industrialization, and global trade activity, especially in the BRIC countries, have been vigorous.
Further, the report states that one challenge in the market is high cost pressure on OEMs. The automotive industry had witnessed a structural change post the financial crises of 2008, when most of the North American OEMs were on the verge of bankruptcy. An introspective view of this situation shows how the OEMs had been taking a hit on profitability to cater to the price-sensitive consumers without transferring much of the liability and risk to the other stakeholders in the value chain, which includes tire-1 suppliers and component manufacturers.
Global Automotive Cockpit Module Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global automotive cockpit module market: Continental, Delphi, Faurecia, Harman International, HYUNDAI MOBIS, and Visteon.
Market driver
- Increasing demand for automotive in emerging countries
- For a full, detailed list, view our report
Market challenge
- High cost pressure on OEMs
- For a full, detailed list, view our report
Market trend
- Use of lightweight materials
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 110 pages "Global Automotive Cockpit Module Market 2018 - 2022" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market Sizing, Five Forces Analysis, Market Segmentation By Vehicle Type, Customer Landscape, Regional Landscape, Decision Framework, Drivers And Challenges, Market Trends, Vendor Landscape, Vendor Analysis, Appendix.
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