Global Overhead Console Market Report and Forecast 2024-2032

Global Overhead Console Market Outlook

The global overhead console market size reached approximately USD 42.61 billion in 2023. The market is projected to grow at a CAGR of 5.6% between 2024 and 2032, reaching a value of around USD 69.58 billion by 2032.

Key Trends in the Market

An overhead console is a feature added in vehicles which provides several functions such as a dropdown compartment for storage, lighting device, and integrated microphone, among other sensors. The lights attached to the vehicles provide visibility when entering or exiting the car and they are also used as a reading light.

• One of the major global overhead console market trends is the rising demand for customisation and personalisation of vehicles. In today's automotive landscape, consumers are more interested in getting a tailored experience from their vehicles. This has prompted manufacturers to provide additional overhead consoles that can be customised with a range of finishes, materials, and features.

• The integration of advanced technologies is another factor enhancing the global overhead console market demand. Overhead consoles are no longer limited to basic storage compartments; they now incorporate touchscreens, infotainment controls, ambient lighting, and even wireless charging pads for electronic devices. These features enhance the user experience and bring a touch of modernity to the vehicle's interior.

• With the rapid expansion of the automotive sector, there is an increasing focus on improving vehicle safety and interior design due to the greater emphasis placed on the matter by regulatory bodies. This scenario guides the global overhead console market growth as overhead consoles are subjected to regulations regarding their design, placement, and materials to ensure they do not pose a safety hazard to occupants in the event of a collision. Compliance with these standards propels the development of safer and more advanced overhead consoles.

Market Analysis

Based on type, the market can be bifurcated into the front overhead console and rear overhead console. The global overhead console market segmentation, based on material, includes ABS, polypropylene, and SMA plastic, among others. The market, based on vehicle type, is divided into passenger cars and commercial vehicles.

The market categorisation, based on application, includes lighting, sunroof, vehicle telematics, and infotainment, among others. Based on sales channels, the market is segmented into OEM and aftermarket. The regional markets for overhead consoles are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global overhead console market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• HELLA GmbH & Co. KGaA

• Magna International Inc. 

• Yanfeng International Automotive Technology Co. Ltd. 

• Flextronics International, LTD 

• Grupo Antolin Irausa, S.A. 

• JPC Automotive 

• International Automotive Components Group GmbH 

• Methode Electronics Inc. 

• Gentex Corporation

• Kojima Industries Corporation

• Others

Market Share by Type

Front overhead consoles are expected to account for a substantial portion of the global overhead console market share in the forecast period. A front overhead console in a vehicle refers to the storage compartment located above the front seats, typically attached to the ceiling of the car. It serves various purposes such as additional storage space for smaller items, and it makes use of otherwise unused space in the cabin. Moreover, well-designed overhead consoles can enhance the interior aesthetics of a vehicle.

Market Share by Material

According to the global overhead console market analysis, acrylonitrile butadiene styrene (ABS) is expected to substantially aid the growth of the market in the forecast period. It is a common thermoplastic polymer known for its excellent combination of strength, rigidity, and toughness. ABS is a sturdy material, which can be easily moulded and shaped into complex forms and allows manufacturers to create customised and intricate designs for overhead consoles.

Competitive Landscape

HELLA GmbH & Co. KGaA, commonly known as HELLA, is a well-established German automotive technology company with a global presence. Founded in 1899, it has a long history of innovation and excellence in the automotive industry. The company is primarily known for its role as an automotive supplier. It specialises in producing a wide range of automotive components and systems, including lighting, electronics, sensors, and more.

Magna International Inc. is a prominent Canadian multinational automotive supplier headquartered in Aurora, Ontario. Established in 1957, the company has evolved into one of the largest and most influential players in the global automotive industry. Magna's core business centres around the design, development, and production of a wide array of automotive systems, modules, components, and assemblies.

Yanfeng International Automotive Technology Co. Ltd. is a Chinese automotive interior solutions supplier and a subsidiary of Yanfeng Automotive Holdings Co., Ltd. It is considered one of the largest suppliers of automotive interiors in the world. The company primarily focuses on designing and manufacturing automotive interior components and systems such as instrument panels, door panels, centre consoles, and other interior trim components.

Other global overhead console market players include Flextronics International, LTD, Grupo Antolin Irausa, S.A., JPC Automotive, International Automotive Components Group GmbH, Methode Electronics Inc., Gentex Corporation, and Kojima Industries Corporation, among others.

Key Highlights of the Report