Reports and Insights has published a new report titled, “Automotive headliners Market: Opportunity Analysis and Future Assessment 2022-2030” By Type (Hardtop & Soft-top), By Vehicle Type (Passenger Vehicles [Hatchback, Sedan, & Utility Vehicles], and Commercial Vehicles [Light Commercial Vehicles & Heavy Commercial Vehicles]), By Technology (WET Polyurethane, Thermoplastic, and Thermosets), By Region (North America, China, Latin America, Europe, Asia Pacific ex. China, Middle East, & Africa)
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A recently published Reports & Insights report anticipates the global market for automotive headliners to flourish at a CAGR of 4.3% to reach US$ 16,997.6 Mn by the end of year 2030. Increase in the sales of luxury and premium cars, significant rise in the production and sales of electric vehicles, and development in the product quality are propelling the demand for automotive headliners.
An automobile’s roof is covered with a headliner, which is made up of an outside layer of fabric, an inner solid substrate, and an inner foam backing. This composite material adds insulation and enhances the appearance of the vehicle’s interior.
Headliners are made of multi-layered composite materials that combine many functions, such as the desired feel, stiffness, and sound absorption needed in automobiles. Automobile headliners are designed with head impact protection in mind. The automotive headliners included in the study includes original equipment only.
Growing sales of the premium car is bolstering the market growth
The demand for high-end and luxury cars has increased due to rising per capita income in developing nations and rising disposable income of the populace. The demand for automobile headliners is anticipated to increase as a result of increase in the production of luxury and premium cars in the near future. Due to their attractive appearance, style, and design, headliners are preferred by the majority of owners of premium automobiles. Innovations in vehicle leather upholstery are improving car interiors as a result of changing lifestyles along with innovation with adopting LED lights in the inner roof.
Leading producers of technical textiles, such as Asahi Kasei, Toray Industries, and Seiren, who are key suppliers of headliners, are anticipated to benefit from this trend. Sales of luxury cars are increasing, in 2020, Mercedes alone made close to 500,000 vehicle deliveries globally. The relevance of the tactile experience has increased with the introduction of car-sharing concepts, high-end driving services, and driverless vehicles. Moreover, high-end cars are increasingly adding headliner panels in their odor control features.
Key Takeaways from the Market Study
- The automotive headliners market is estimated to reach at a value of US$ 12,115.9 Mn by the end of 2022 and expected to reach at a value of US$ 16,997.6 Mn by 2030 with a significant CAGR of 4.3%.
- The thermoplastic technology segment likely to expand at a CAGR of 4.2% until 2030
- In 2022, the soft top segment accounted for the largest market share and expected to grow at 4.5% CAGR during the forecast period.
- North America region is expected to remain one of the key regions throughout the forecast period (2022-2030) and is further anticipated to witness a significant growth in the market owing to significant production volume of vehicles including commercial vehicles
- China is expected to grow at a CAGR of 5.1% during the forecast period of 2022 to 2030 and is expected to remain the fastest growing market in the world
New product launching with focus on sustainability is one of the major trends in the market
Market participants in the business of automotive headliners are focusing on increasing usage of waste recycled materials for technology including polyurethane and thermoplastic to focus in circular economy which is expected to a major trend in the coming years adopting by several players all over the globe.
In 2019, for application in car headliners with high demands on process ability and design, FoamPartner, a specialist in advanced foam solutions, has created a foam product family characterized by extremely low emission levels.
In 2021, Grupo Antolin created the first headlining substrate by thermoforming PU foam using materials manufactured from municipal and post-consumer plastic waste as well as utilized tires. Utilizing recycled materials is an obvious step in the business’s commitment to building a sustainable enterprise, which will also benefit the company to develop circular economy.
Competitive Landscape
Some of the key participating players in global automotive headliners market are Grupo Antolin., Motus Integrated Technologies, Toyota Boshoku Corporation, Kasai North America, Inc., International Automotive Components Group SA, Howa Co., Ltd., UGN, Inc., SA Automotive, Hayashi Telempu Corporation, Freudenberg Performance Materials, Inteva Products, LLC, IMR-Industrialesud Spa, Atlas Roofing Corp., Megatech Industries GmbH, Japan Vilene Company, Ltd., and Cindus Corp.
