Automotive Interior Materials Market: Global Demand, Supply and Research Synopsis 2020 to 2030
The Global Automotive Interior Materials Market size was valued to USD 102.19 billion with a volumetric sale of 23,270 kilotons in 2019, and is predicted to reach USD 189.78 billion with a booming sale of 35,058 kilotons by 2030, with a respective CAGR of 5.7% and 3.7% from 2020-2030.
Automotive interior materials are specifically
designed automotive supplies, crafted to suit the in-vehicle interiors, hence
providing immense comfort level, enhanced safety features, and an appealing
appearance to the automobiles. The materials used to design the interiors are
majorly plastic, metal, fabric, leather, composites, and others. These
materials are crafted to be light-weight and durable in-order to increase the
efficiency, decrease the fuel consumption as well as influence the buyer’s
perception with its aesthetics.
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Market
Dynamics and Trends:
The
automotive interior materials market is observing lucrative opportunities owing
to existing market trends regarding totally-flexible interiors, growing demand
for premium vehicles with luxurious automotive interior, fully automatic
positioning of components, selective air-bags, crash controls to enhance the
safety of drivers as well as wide-range of customizable options open for the
customers.
Besides,
factors such as evolving concept of low-emission light weight automotive
interiors, stringent regulations regarding fuel-economy, increasing disposable
incomes at global level, increasing customer preferences for leather-lining in
vehicle interiors as well as inclination of manufacturers towards eco-friendly
components in-order to reduce their carbon footprints, are anticipated in
fostering growth of the automotive interior materials market throughout the
forecast period.
Market Segmentations and
Scope of the Study:
The
global automotive interior materials market share analysis is based on type,
vehicle, and geography.
Based
on type, the market is segmented into metal, fabric, leather, plastics,
composites, and others. The plastics are sub segmented into PP, ABS, PC, and
Others. The metals are further divided into Steel, Aluminum, and Others. The
leather is further sub segmented into Genuine and Synthetic. The composites are
further classified into GFRP and CFRP. Based on vehicle, the market is divided
into passenger and LCV. Geographic breakdown and analysis of each of the
previously mentioned segments include regions comprising North America, Europe,
Asia-Pacific, and RoW.
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Geographical Analysis:
North
America is expected to dominate the global automotive interior materials
market, accounting for the highest market shares. This is attributable to
factors such as rapidly increasing GDP and high employment rate in this region.
Moreover, increasing demand for electric vehicles is expected to drive the
growth of the automotive interior materials market throughout the forecast
period.
Asia
Pacific is expected to show rapid growth with constant development in the
market share due to growing demand for premium segment vehicles with luxurious
automotive interiors. Furthermore, rapidly increasing per-capita disposable
income coupled with increased demand of durable and lightweight materials are
also expected to support the growth of automotive interior materials market.
Competitive Landscape:
The
highly competitive automotive interior materials market, consists of various
market players. Some of the major market players include Benecke-Kaliko AG,
Basf Se, Borgers Se & Co. Kgaa, DK-Schweizer Co., Ltd., Dow Chemical
Company, E.I. du Pont de Nemours & Co., Eagle Ottawa LLC, Johnson Controls,
Inc., Faurecia Automotive Gmbh., Katzkin Leather, Inc., Sage Automotive
Interiors, Inc. and Lear Corporation among others.
The
past endeavors, present developments and futuristic advancements, sum-up to
comprehend the overall growth of the global automotive interior materials
market.
Key Benefits:
The Automotive interior materials market report provides a quantitative analysis of the current market and estimations through 2020-2030 that assists in identifying the prevailing market opportunities to capitalize on.
The study comprises a deep dive analysis of the Automotive interior materials market trend including current and future trends for depicting the prevalent investment pockets in the market.
The report provides detailed information related to key drivers, restraints and opportunities and their impact on the automotive interior materials market.
The report incorporates competitive analysis of the market players along with their market share in the global automotive interior materials market.
The study elaborates SWOT analysis and Porters Five Forces model for the automotive interior materials market.
Value chain analysis in the Automotive interior materials market study provides a clear picture of the stakeholders’ roles.
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