Automotive Console Box Market Outlook (2023 to 2033)
The automotive console boxmarket is estimated to reach a market value of US$ 15.82 million in 2023 and is expected to reach US$ 37.5 million by 2033. The market is projected to grow at a CAGR of 9% during the forecast period. Due to the expansion of xEVs (BEVs, HEVs, PHEVs, FCEVs) and smartification, vehicles have become heavier because of batteries, motors, and electric components. Creating lightweight automotive parts is one of the most important factors when it comes to the development of automobile parts.
Going green has become an integral part of the auto industry's strategy. The development of eco-friendly materials and reducing CO2 have become the top priorities. The market for natural console box is undergoing a slowdown as the demand for them increases. Customers in developing countries are becoming more meticulous and the market is becoming more competitive in the modern automobile scene. Even customers buying budget vehicles now expect their vehicles to perform well in specific use cases, using specific types of technology that only recently became available and that they had not previously considered. Therefore, automobile engineers are challenged to go the extra mile when designing parts that are cost-effective but tangible to customers in order to enhance perceived quality. One example of an exterior component is the console box cover of a vehicle.
The console panel provides structural support and reduces wind noise as well as improves the car's aerodynamics. Furthermore, it assists in keeping rainwater and dirt off the windshield and other exposed parts of the car. With the constant evolution of the automotive industry comes new opportunities for console boxes. More advanced materials and technology can improve the aesthetics and aerodynamics of console boxes, making them lighter and more aerodynamic. Further improving vehicle safety can be achieved by integrating active and passive safety systems into the console box.
Vehicle design and performance will continue to be enhanced by console box as the automotive industry explores new technologies. To reduce drag and improve fuel efficiency, automotive console box now features aerodynamic shapes that assist in reducing drag and improving fuel efficiency. With the development of 3D printing technology in recent years, console box for automobiles is being designed and manufactured more accurately to reduce costs and improve quality. To improve aerodynamics and reduce air leakage, automotive console box now features improved sealing technology. In order to reduce damage and improve the longevity of automotive console boxes, self-healing materials are now used in order to eliminate the need for resurfacing. Sensors are now being integrated into automotive console boxes to provide real-time performance information.
A numerical model was also developed to test the effectiveness of open console box cavities in generating wind noise. A Volvo XC60 was tested with and without side mirrors and with and without the console cavity open and closed to measure exterior intensity sound. Measurements were conducted in all configurations. Several studies have shown that the console cavity contributes to overall noise levels inside the compartment as a source of wind noise. A significant improvement can be made in terms of the articulation index by around 2%. Several configurations of interest were numerically modeled in order to understand their behavior. Flows around the car have been illustrated and shown to have significant similarities to experiments in terms of illustrating the mechanism. Future development should include an illustration of the vortex core and the pressure RMS.
Ford F-150 console box, part number 924-533, is the latest automotive console box to be released by Dorman Automotive. With the help of all the necessary hardware for installation, the console boasts a durable steel construction and a black finish. Ford F-150s from 2009 to 2014 is designed to use this product as a replacement for the original part. Console box like this are not compatible with other vehicles.
Data Points
Key Statistics
Estimated Base Year Value (2022)
US$ 15 million
Expected Market Value (2023)
US$ 15.82 million
Anticipated Forecast Value (2033)
US$ 37.5 million
Projected Growth Rate (2023 to 2033)
9% CAGR
Demand for automotive console box will witness steady recovery in short term, with optimistic growth outlook in the long run. Surge demand from automotive industry will create lucrative opportunities in near future.
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What is Driving Demand for Automotive Console Box?
An automobile console box is a storage compartment situated between the two seats in the front, back, and all sides of the vehicle in either the front portion or back seat. In general, console boxes can accommodate a variety of features, including storage for electronic devices, control units, and storage compartments.
The growth of the automobile industry, as well as the fact that major players around the world are increasing their production capacity, is the primary drivers of the automotive console box market. Moreover, during the forecast period, rising demand for luxury and high-performance cars is expected to help the growth of the automotive industry.
Automotive Recovery Likely to Augment Automotive Console Box Sales
Automotive sales and production around the globe have been impacted by COVID-19 induced slowdown. This has also had a ripple effect on automotive component and material sales. As passenger car segment is a key focus area for automotive OEMs for console boxes. Hence, automotive console box manufacturer are likely to witness sustained opportunities in the future.
Innovative work being conveyed to upgrade car interior by including all mechanically progressed hardware will spur more interest for console box. Likewise, developing mix of gadgets in the car to expand proficiency and establishment of innovative frill, like warming and cooling canisters, will additionally support the development of the car console boxes market over the figure time frame.
Original equipment manufacturers (OEMs) in the automotive industry are currently focusing on producing lighter, more fuel-efficient vehicles with improved performance. As a result, demand for lighter-weight console boxes is increasing.
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USA and Canada Automotive Console Box Market Outlook
North America is estimated to be one of the prominent market globally, because of sale of automobiles and customized interior aesthetic of vehicle is booming. The USA and Canada countries is set to account for substantial share in global market during the assessment period 2021 to 2031.
The demand of console box will be driven by the fact that there is a significant demand for passenger cars and light trucks in North America. Furthermore, from the last decade, new technological advancement such as heat & cooling bins, and wireless charging option have become popular in console box.
The console box manufacturing companies in North America trying to target Asia Pacific and APAC region by expanding sales and distribution network of console box in near future to increase their market presence.
Europe Automotive Console Box Market Outlook
The COVID-19 crisis has had a significant impact on many European countries, resulting drop in economic activity. However, in the automotive industry, Europe is home to a automobile and parts manufacturers, making region a major producer of automotive parts and systems.
Because of the involvement of major OEM companies, Europe has a significant share of the global automotive console box sales. In addition, relative to developed economies, the general population's income level/per capita income is rising, and vehicle concentration is lower.
Due to high rate of adoption of console box and growth of the automotive industry in the European region, the consumption of automotive console box is prominent. Production of luxury vehicle with high quality console boxes has increased. Especially in Germany, United Kingdom, France, and Italy will expected to grow in the near future.
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Who are the Key Manufacturers and Suppliers of Automotive Console Box?
Some of the leading manufacturers and supplier of automotive console box include
Automotive console boxes are supplied by several leading manufacturers and suppliers under long-term contracts with end-users. Furthermore, manufacturers are focusing on developing manufacturing facilities in Asia Pacific countries such as India, China, Thailand, and Taiwan in order to meet the region's growing demand.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
