The automotive interior material market will witness a healthy growth from 2019 to 2025, a research report suggests. Growing at a CAGR of 7.11%, the market is projected to reach US$149.6 billion by 2025. Demand for premium automotive interiors is expected to support the market growth along with the need for premium grade interiors. As predicted by analysts, volatility in raw material prices will negatively affect the market’s performance from 2019 to 2025. During the forecast period, the market will be supported by the worldwide demand for premium automotive interiors and superior aesthetic appeal for non-premium cars. The high volatility in the raw material prices on the other hand will challenge car upholstery fabric sector based organizations functioning in the global automotive interior material market.
Analysts have split the market into vehicle type and type segments based on products and services. Car upholstery fabric based companies have been profiled. High maintenance cost is set to affect the global market during the forecast period 2019 to 2025. The report also provides the market’s performance forecasts till 2025. Analysts have studied the strategy of car upholstery fabric segment based organizations to help new entrants and established businesses. The car upholstery fabric sector itself is supported by the growing automotive industry as well as the rapid growth of passenger cars. During the forecast period 2019 to 2025, the automotive interior material market is set to witness a health growth across vehicle type and type segments as well as regional markets.
The car upholstery fabric sector has seen growth across vehicle type and type segments owing to changes in consumer lifestyle and the need for lightweight vehicles. To study the market, analysts have further segmented vehicle type and type into vehicles and passenger cars on the basis of vehicle type. The market is further segmented into type sub segment which is split into leather, thermoplastic polymer, fabrics, and synthetic leather.
The segmental analysis presented in the report provides car upholstery fabric field based organizations insights into key growth factors such as the fast depleting fossil resources as well as challenges such as the high cost involved in maintaining automotive interiors the market will face from 2019 to 2025. The demand for e-vehicles and rising environmental concerns are some of the key factors having an influence on car upholstery fabric industry based companies, suggest analysts as per the automotive interior material market report. But the report also identifies unstable raw material prices and the lack of awareness as major threats companies in car upholstery fabric will face till 2025.
Car upholstery fabric market based companies in the automotive interior material market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. Technological developments will be a key growth driver for regional markets. However, the fluctuating prices of raw materials will turn out to be a threat. For the forecast period 2019 to 2025 each of these regional markets are studied in the report. Starting from North America, the regional market and car upholstery fabric vertical based companies are spread across the United States, Canada, and Mexico. The fluctuating raw material prices will turn out to be a major challenge from 2019 to 2025. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany.
The market in the region will be benefitted by the population growth as well as the changing social behavior, suggests the report. Similarly, the car upholstery fabric sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the automotive interior material market covers the Middle East and Africa. Forecast based on the report’s findings are presented for the forecast period till 2025.
The global automotive interior material market research report brings a comprehensive study of vehicle type and type market segments, regional analysis, and car upholstery fabric vertical based company details of key players. As the forecast period 2019 to 2025 will bring new opportunities for the market owing to a well-developed logistics sector and high demand across industry verticals, the market is set to grow at a compound annual growth rate of 7.11% and is predicted to reach a value of US$149.6 billion by 2025. With SWOT analysis of car upholstery fabric sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the growing penetration of alternatives in the market and the growing demand for alternatives, companies in the car upholstery fabric sector can change the way business is done.
The acquisition of Adient's automotive fabric business by Sage Automotive Interiors (an Asahi Kasei company) has now been completed. Under the newly announced deal, Sage Automotive Interiors has paid $175 million and secured regulatory approvals. Sage Automotive Interiors is one of the world's leading suppliers of automotive interior products to Original Equipment Manufacturers (OEMs), including seating, door panel surfaces, and headliners (OEMs). Sage's goal is to be the industry leader in design, innovation, and technological competence, with world-class manufacturing to back it up.
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