Global Automotive Glove Box Market Size, Share, Trends, Industry Growth by Material (PVC, Wood, Leather, Genuine Leather, Synthetic Leather), by Vehicle Type (Passenger car, Light Commercial Vehicle, Heavy Commercial Vehicle), by Region and Forecast to 2030

Report ID: RCMA1378 | Report Format: PDF + Excel | Starting Price: 2680/- USD |

Key Findings:

  • The market size was valued at over USD 1 billion and expected to grow at a CAGR of ~ 5% by 2030
  • Geographically, the Asia Pacific held the largest revenue share of the global market in 2023

The global automotive glove box market size was valued at over USD 1 billion in 2023 and anticipated to grow at a significant CAGR of around 5% during the forecast period from 2024 to 2030. One significant factor is the increasing demand for advanced and integrated features in vehicles, driven by consumer preferences for enhanced convenience and functionality. The continuous innovation in materials and technologies used in glove box manufacturing, such as the incorporation of smart features and multifunctionality, also plays a pivotal role in market expansion. Additionally, the rising production and sales of automobiles globally, coupled with the expanding automotive industry, contribute to the steady growth of the automotive glove box market. As safety and interior aesthetics gain prominence, automakers are focusing on ergonomic and visually appealing glove box designs, further fueling market growth. The shift toward electric vehicles and the development of lightweight materials for improved fuel efficiency also impact the market, as manufacturers seek innovative solutions for glove box design in modern vehicle models.

Market Snapshot:

Benchmark Year 2023
Market Size > USD 1 Billion in 2023
Market Growth (CAGR) ~ 5% (2024 – 2030)
Largest Market Share Asia Pacific
Analysis Period 2020-2030
Market Players are IAC Group, Visteon Corporation, Faurecia SA, Yanfeng Automotive Interiors, Magna International Inc., and Inteva Products, LLC

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Market Trends:

Smart Glove Boxes: The integration of smart technologies within glove boxes represents a notable trend in the automotive industry. These advanced features, such as touch-sensitive panels, ambient lighting systems, and electronic locking mechanisms, are revolutionizing the traditional concept of glove boxes. By incorporating intuitive and connected features, smart glove boxes enhance user experience, elevate interior aesthetics, and align vehicles with the broader trend of technological innovation.

Sustainable Materials: The increasing emphasis on environmental sustainability has spurred a trend towards the use of eco-friendly materials in glove box manufacturing. Automakers are exploring sustainable alternatives to traditional materials, such as recycled plastics, biodegradable composites, and renewable resources. By adopting sustainable materials, manufacturers aim to reduce carbon footprints, minimize environmental impact, and meet consumer demand for environmentally conscious products.

Multifunctional Designs: Modern glove boxes are evolving beyond their conventional storage function to become multifunctional compartments within vehicles. Manufacturers are incorporating additional features and functionalities, such as wireless charging pads, air purification systems, and climate control capabilities, to enhance the versatility and utility of glove boxes. These innovative designs cater to the evolving needs and preferences of consumers, offering enhanced convenience and comfort during vehicle usage.

Customization and Personalization: The trend towards customization and personalization extends to the interior components of vehicles, including glove boxes. Automakers are offering consumers a wide range of customization options, allowing them to personalize glove box designs, materials, colors, and features according to their individual preferences and lifestyle choices. By embracing customization, manufacturers seek to create unique and personalized driving experiences that resonate with diverse consumer demographics.

Integration of Advanced Materials: The use of advanced materials in glove box construction represents a significant trend in the automotive industry. Manufacturers are leveraging high-quality plastics, lightweight alloys, and composite materials to enhance the durability, aesthetics, and performance of glove boxes. These advanced materials enable the development of sleek, streamlined designs that contribute to overall vehicle aesthetics while also meeting stringent performance and safety standards.

Market Challenges:

The automotive glove box market faces several challenges that impact its dynamics. One significant challenge is the increasing complexity of vehicle interiors due to the integration of advanced technologies. As vehicles become more connected and incorporate smart features, the design and incorporation of glove boxes need to align seamlessly with these advancements, presenting a challenge for manufacturers to balance functionality and aesthetics. Moreover, stringent safety and regulatory standards add complexity, necessitating continuous innovation in materials and construction methods to meet compliance requirements. Global supply chain disruptions, as experienced in recent times, also pose challenges in ensuring a consistent and timely supply of materials for glove box production.

Market Opportunities:

The automotive glove box market presents several opportunities for growth and innovation. One key opportunity lies in the increasing demand for advanced and connected vehicle interiors. As consumers seek enhanced comfort and convenience features, glove boxes can evolve to become multifunctional hubs, integrating technologies such as touchscreens, wireless charging, and intelligent storage solutions. The rising trend towards sustainable practices in the automotive industry opens opportunities for the development of eco-friendly and recyclable materials for glove box construction, aligning with the broader industry push for environmental responsibility. Furthermore, the surge in electric vehicle adoption offers prospects for specialized glove box designs tailored to the unique characteristics of electric vehicles, accommodating their specific interior layouts and contributing to a seamless user experience.

Market Insights:

The global automotive glove box market is bifurcated into material, vehicle type, sales channel, and geography. On the basis of material, the market is further segmented into PVC, wood, leather, genuine leather, and synthetic leather. The synthetic leather and PVC were dominant segments due to their widespread use in various vehicle segments. Synthetic leather has gained dominance in the automotive glove box market due to its versatility, cost-effectiveness, and ability to mimic the aesthetic qualities of genuine leather. As a more affordable alternative, synthetic leather glove boxes are commonly featured in a broad range of vehicles, including mid-range and budget-friendly models. The material’s durability, ease of maintenance, and resistance to stains and fading contribute to its popularity among both manufacturers and consumers. The appeal of achieving a premium look and feel without the high cost has driven the widespread adoption of synthetic leather in glove boxes, making it a dominant segment in the market. Furthermore, the PVC is another dominant segment, particularly in mass-produced vehicles and models with a focus on cost efficiency. PVC’s advantages, such as being lightweight, durable, and moldable into various shapes, make it a preferred choice for glove box manufacturing. Its resistance to moisture, chemicals, and abrasion aligns well with the demands of the automotive environment. PVC glove boxes are often found in a wide spectrum of vehicles, from economy cars to mid-range sedans, contributing to its dominance in the market.

The Automotive Glove Box market research report presents the analysis of each segment from 2020 to 2030 considering 2023 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2024 to 2030.

Historical & Forecast Period

  • 2020-22 – Historical Year
  • 2023 – Base Year
  • 2024-2030 – Forecast Period

Market Segmentation:

By Material:

  • PVC
  • Wood
  • Leather
  • Genuine Leather
  • Synthetic Leather

By Vehicle Type:

  • Passenger car
    • Compact Car
    • Midsize Car
    • SUV
    • Luxury
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Analysis:

Geographically, the Asia-Pacific stands as the dominant region in the automotive glove box market in the benchmark year 2023, driven by its pivotal role in global automotive manufacturing. Countries like China, Japan, South Korea, and India are major contributors to the automotive industry’s overall production output. The region’s prominence is underscored by its capacity to manufacture a diverse range of vehicles, catering to various market segments.

With a robust and growing consumer market for automobiles, particularly fueled by the rising middle-class population, Asia-Pacific experiences high demand for automotive components, including glove boxes. The region’s emphasis on cost-effective production methods, continuous technological advancements, and a vast network of automotive component manufacturers solidify its position as a key player in shaping the automotive glove box market landscape.

Moreover, Asia-Pacific’s dominance is further accentuated by its proactive adoption of innovative manufacturing technologies. The region’s commitment to advancing materials, design, and production processes aligns with the evolving preferences of consumers seeking vehicles with advanced interior features. The collaborative efforts of numerous automotive suppliers and manufacturers in Asia-Pacific contribute significantly to meeting the global demand for high-quality and technologically advanced glove boxes.

Competitive Landscape:

Some of the prominent market players operating in the global automotive glove box market are IAC Group, Visteon Corporation, Faurecia SA, Yanfeng Automotive Interiors, Magna International Inc., and Inteva Products, LLC. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

  • IAC Group
  • Visteon Corporation
  • Faurecia SA
  • Yanfeng Automotive Interiors
  • Magna International Inc.
  • Inteva Products, LLC
  • Faurecia and Trinseo
  • Toyoda Gosei
  • Johnson Controls
  • Moriroku Technology
  • Fucheng
  • Sealcoat

Key Questions Answered by Automotive Glove Box Market Report

  • Global automotive glove box market forecasts from 2024-2030
  • Regional market forecasts from 2024-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2024-2030 covering 15 major countries from the regions as mentioned above
  • Automotive glove box submarket forecasts from 2024-2030 covering the market by type, application, end-use, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level automotive glove box markets from 2024-2030
  • Competitive Landscape and market positioning of top 10 players operating in the market
Automotive Glove Box Market
Table of Contents:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Automotive Glove Box Market Portraiture
2.2. Global Automotive Glove Box Market, by Material, 2023 (USD Mn)
2.3. Global Automotive Glove Box Market, by Vehicle Type, 2023 (USD Mn)
2.4. Global Automotive Glove Box Market, by Geography, 2023 (USD Mn)

 

3. Global Automotive Glove Box Market Analysis


3.1. Automotive Glove Box Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. PESTLE Analysis

 

4. Global Automotive Glove Box Market by Material, 2020 – 2030 (USD Mn)


4.1. Overview
4.2. PVC
4.3. Wood
4.4. Leather
4.5. Genuine Leather
4.6. Synthetic Leather

 

5. Global Automotive Glove Box Market by Vehicle Type, 2020 – 2030 (USD Mn)


5.1. Overview
5.2. Passenger car
5.2.1. Compact Car
5.2.2. Midsize Car
5.2.3. SUV
5.2.4. Luxury
5.3. Light Commercial Vehicle
5.4. Heavy Commercial Vehicle

 

6. North America Automotive Glove Box Market Analysis and Forecast, 2020 – 2030 (USD Mn)


6.1. Overview
6.2. North America Automotive Glove Box Market by Material, (2020-2030 USD Mn)
6.3. North America Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)
6.4. North America Automotive Glove Box Market by Country, (2020-2030 USD Mn)
6.4.1. U.S.
6.4.1.1. U.S. Automotive Glove Box Market by Material, (2020-2030 USD Mn)
6.4.1.2. U.S. Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)
6.4.2. Canada
6.4.2.1. Canada Automotive Glove Box Market by Material, (2020-2030 USD Mn)
6.4.2.2. Canada Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)
6.4.3. Mexico
6.4.3.1. Mexico Automotive Glove Box Market by Material, (2020-2030 USD Mn)
6.4.3.2. Mexico Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)

 

7. Europe Automotive Glove Box Market Analysis and Forecast, 2020 - 2030 (USD Mn)


7.1. Overview
7.2. Europe Automotive Glove Box Market by Material, (2020-2030 USD Mn)
7.3. Europe Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)
7.4. Europe Automotive Glove Box Market by Country, (2020-2030 USD Mn)
7.4.1. Germany
7.4.1.1. Germany Automotive Glove Box Market by Material, (2020-2030 USD Mn)
7.4.1.2. Germany Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)
7.4.2. U.K.
7.4.2.1. U.K. Automotive Glove Box Market by Material, (2020-2030 USD Mn)
7.4.2.2. U.K. Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)
7.4.3. France
7.4.3.1. France Automotive Glove Box Market by Material, (2020-2030 USD Mn)
7.4.3.2. France Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)
7.4.4. Spain
7.4.4.1. Spain Automotive Glove Box Market by Material, (2020-2030 USD Mn)
7.4.4.2. Spain Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)
7.4.5. Italy
7.4.5.1. Italy Automotive Glove Box Market by Material, (2020-2030 USD Mn)
7.4.5.2. Italy Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)
7.4.6. Rest of Europe
7.4.6.1. Rest of Europe Automotive Glove Box Market by Material, (2020-2030 USD Mn)
7.4.6.2. Rest of Europe Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)

 

8. Asia Pacific Automotive Glove Box Market Analysis and Forecast, 2020 - 2030 (USD Mn)


8.1. Overview
8.2. Asia Pacific Automotive Glove Box Market by Material, (2020-2030 USD Mn)
8.3. Asia Pacific Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)
8.4. Asia Pacific Automotive Glove Box Market by Country, (2020-2030 USD Mn)
8.4.1. China
8.4.1.1. China Automotive Glove Box Market by Material, (2020-2030 USD Mn)
8.4.1.2. China Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)
8.4.2. Japan
8.4.2.1. Japan Automotive Glove Box Market by Material, (2020-2030 USD Mn)
8.4.2.2. Japan Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)
8.4.3. India
8.4.3.1. India Automotive Glove Box Market by Material, (2020-2030 USD Mn)
8.4.3.2. India Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)
8.4.4. South Korea
8.4.4.1. South Korea Automotive Glove Box Market by Material, (2020-2030 USD Mn)
8.4.4.2. South Korea Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)
8.4.5. Rest of Asia Pacific
8.4.5.1. Rest of Asia Pacific Automotive Glove Box Market by Material, (2020-2030 USD Mn)
8.4.5.2. Rest of Asia Pacific Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)

 

9. Latin America (LATAM) Automotive Glove Box Market Analysis and Forecast, 2020 - 2030 (USD Mn)


9.1. Overview
9.2. Latin America Automotive Glove Box Market by Material, (2020-2030 USD Mn)
9.3. Latin America Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)
9.4. Latin America Automotive Glove Box Market by Country, (2020-2030 USD Mn)
9.4.1. Brazil
9.4.1.1. Brazil Automotive Glove Box Market by Material, (2020-2030 USD Mn)
9.4.1.2. Brazil Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)
9.4.2. Argentina
9.4.2.1. Argentina Automotive Glove Box Market by Material, (2020-2030 USD Mn)
9.4.2.2. Argentina Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)
9.4.3. Rest of Latin America
9.4.3.1. Rest of Latin America Automotive Glove Box Market by Material, (2020-2030 USD Mn)
9.4.3.2. Rest of Latin America Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)

 

10. Middle East and Africa Automotive Glove Box Market Analysis and Forecast, 2020 - 2030 (USD Mn)


10.1. Overview
10.2. MEA Automotive Glove Box Market by Material, (2020-2030 USD Mn)
10.3. MEA Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)
10.4. Middle East and Africa Automotive Glove Box Market, by Country, (2020-2030 USD Mn)
10.4.1. GCC
10.4.1.1. GCC Automotive Glove Box Market by Material, (2020-2030 USD Mn)
10.4.1.2. GCC Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)
10.4.2. South Africa
10.4.2.1. South Africa Automotive Glove Box Market by Material, (2020-2030 USD Mn)
10.4.2.2. South Africa Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)
10.4.3. Rest of MEA
10.4.3.1. Rest of MEA Automotive Glove Box Market by Material, (2020-2030 USD Mn)
10.4.3.2. Rest of MEA Automotive Glove Box Market by Vehicle Type, (2020-2030 USD Mn)

 

11. Competitive Landscape


11.1. Company Market Share Analysis, 2023
11.2. Competitive Dashboard
11.3. Competitive Benchmarking
11.4. Geographic Presence Heatmap Analysis
11.5. Company Evolution Matrix
11.5.1. Star
11.5.2. Pervasive
11.5.3. Emerging Leader
11.5.4. Participant
11.6. Strategic Analysis Heatmap Analysis
11.7. Key Developments and Growth Strategies
11.7.1. Mergers and Acquisitions
11.7.2. New Product Launch
11.7.3. Joint Ventures
11.7.4. Others

 

12. Company Profiles


12.1. IAC Group
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Visteon Corporation
12.3. Faurecia SA
12.4. Yanfeng Automotive Interiors
12.5. Magna International Inc.
12.6. Inteva Products, LLC
12.7. Faurecia and Trinseo
12.8. Toyoda Gosei
12.9. Johnson Controls
12.10. Moriroku Technology
12.11. Fucheng
12.12. Sealcoat
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