Research and Markets: Global Automotive Interiors Market 2012-2016: In 2012 Faurecia Entered Into a Joint Venture with Rush Group Ltd
by Business Wire
Research and Markets (http://www.researchandmarkets.com/research/jh3bg7/global_automotive) has announced the addition of the "Global Automotive Interiors Market 2012-2016" report to their offering.
TechNavio's analysts forecast the Global Automotive Interiors market to reach US$325.12 billion by 2016. One of the key factors contributing to this market growth is the increase in automotive production and sales. The Global Automotive Interiors market has also been witnessing increasing partnerships and alliances. However, the increasing raw material cost could pose a challenge to the growth of this market.
The key vendors dominating this market space are Faurecia S.A., Hyundai Mobis Co. Ltd., Johnson Controls Inc., and Visteon Corp.
The other vendors mentioned in the report are International Automotive Components Group , Calsonic Kansei Corp., Magna International Inc., Hanil Automotive, Lear Corp., Autoliv Inc., Continental AG, Toyota Boshoku Corp., TS Tech Co. Ltd, Tachi-S Co. Ltd., NHK Spring Co. Ltd. Brose Group, Dymos Inc., and Takata Corp.
Commenting on the report, an analyst from TechNavio's Automotive team said: ''The Global Automotive Interiors market is affected by high operational costs, the increasing cost of raw materials, and difficulties in gaining adequate return on investment. Moreover, the market in developed nations is becoming mature and saturated, and hence manufacturers are continuously trying to penetrate untapped markets through business alliances. Various business collaborations have taken place in the market. For instance, in June 2012, Faurecia acquired Ford's instrument panel, door panel, and center console manufacturing and cockpit assembly plant in Saline, Michigan. In conjunction with this acquisition, Faurecia entered into a joint venture with Rush Group Ltd. The joint venture, called Detroit Manufacturing Systems, will do injection molding, and assembly and sequencing of interior trim components at a new facility in Detroit.''
For more information visit http://www.researchandmarkets.com/research/jh3bg7/global_automotive