Magna International Inc.-Company profile, Business Overview, Financial Performance, Operating Segments, Strategic Moves, and Competitive Intelligence Report

Automotive interiors refer to the interior components and systems in a vehicle which are specifically designed to provide comfort, grip, and sound insulation in the vehicle cabin. These comprise headliners, cockpit modules, door panels, flooring, automotive seats, interior lighting and other components. Automotive interiors play a critical role in influencing the buying decision of the buyer as these are indicative of the vehicle comfort and quality. The market of automotive interiors is expected to grow at a CAGR of 6.5% during the forecast period (2016 ? 2022), to attain market value of over $200 billion by 2022. Major factors that drive the growth of the market are rising income levels, growing automotive industry, and the increasing consumer demand for innovative and technologically advanced systems, for an enhanced driving experience.