Automotive Interior Material Market Research Report - Global Forecast till 2027

Automotive Interior Material Market Research Report: Information By Type (Synthetic Leather, Fabric, Thermoplastic Polymer, Leather and others), By Vehicle Type (Passenger and Commercial Vehicle) - Forecast till 2027

ID: MRFR/AM/1988-CR | August 2019 | Region: Global | 69 Pages         

1 Introduction

1.1 Definition 9

1.2 Scope Of The Study 9

1.3 Assumptions 9

1.4 Market Structure 10

2 Research Methodology

2.1 Research Process 11

2.2 Primary Research 12

2.3 Secondary Research 12

2.4 Market Size Estimation 12

2.5 Forecast Model 14

3 Market Dynamics

3.1 Drivers 15

3.1.1 Rising Income Level Of Individuals 15

3.1.2 Booming Automotive Industry 16

3.1.3 Cutthroat Competition In The Automotive Industry 16

3.2 Restraints 17

3.2.1 Capital Intensive Market 17

4 Market Factor Analysis

4.1 Supply Chain Analysis 18

4.2 Porter's Five Forces Analysis 19

4.2.1 Threat Of New Entrants 19

4.2.2 Bargaining Power Of Suppliers 19

4.2.3 Bargaining Power Of Buyers 20

4.2.4 Threat Of Substitutes 20

4.2.5 Rivalry 20

5 Global Automotive Interior Material Market, By Type

5.1 Introduction 22

5.2 Overview 22

5.3 Synthetic Leather 22

5.4 Fabric 22

5.5 Thermoplastic 22

5.6 Leather 22

5.7 Others 22

6 Global Automotive Interior Material Market, By Vehicle Type

6.1 Introduction 25

6.2 Overview 25

6.3 Passenger Vehicle 25

6.4 Commercial Vehicle 25

7 Automotive Interior Material Market, By Region

7.1 Introduction 28

7.2 North America 29

7.2.1 US. 32

7.2.2 Canada 33

7.2.3 Mexico 34

7.3 Europe 35

7.3.1 Germany 38

7.3.2 UK 39

7.3.3 France 40

7.3.4 Spain 41

7.3.5 Italy 42

7.3.6 Rest Of Europe 43

7.4 Asia-Pacific 44

7.4.1 China 47

7.4.2 Japan 48

7.4.3 India 49

7.4.4 Rest Of ASIA-PACIFIC 50

7.5 Rest Of The World 51

8 Competitive Scenario

8.1 Competitive Landscape 54

9 Company Profiles

9.1 Toyoda Gosei 55

9.1.1 Company Overview 55

9.1.2 Financial Overview 55

9.1.3 Product/Service Offered 56

9.1.4 Strategies 57

9.1.5 SWOT Analysis 57

9.2 Toyota Boshoku 58

9.2.1 Financial Overview 58

9.2.2 Product/Service Offered 59

9.2.3 Strategies 59

9.2.4 SWOT Analysis 59

9.3 Lear Corporation 60

9.3.1 Financial Overview 60

9.3.2 Product/Service Offered 61

9.3.3 Strategies 62

9.3.4 SWOT Analysis 62

9.4 NTF India Pvt Ltd 63

9.4.1 Company Overview 63

9.4.2 Financial Overview 63

9.4.3 Product/Service Offered 63

9.5 Sage Automotive Interior Materials 64

9.5.1 Company Overview 64

9.5.2 Financial Overview 64

9.5.3 Product/Service Offered 64

9.5.4 Strategies 64

9.5.5 Key Development 65

9.6 BASF Automotive Solutions 66

9.6.1 Company Overview 66

9.6.2 Financial Overview 66

9.6.3 Product/Service Offered 66

9.6.4 Key Development 67

9.7 Faurecia S.A. 68

9.7.1 Company Overview 68

9.7.2 Financial Overview 68

9.7.3 Product/Service Offered 68

9.7.4 Key Development 69

10 List Of Tables

TABLE 1 GLOBAL AUTOMOTIVE INTERIOR MATERIAL MARKET, BY TYPE, 2020–2027 (USD BILLION) 23

TABLE 2 GLOBAL AUTOMOTIVE INTERIOR MATERIAL MARKET, BY VEHICLE TYPE, 2020–2027 (USD BILLION) 26

TABLE 3 GLOBAL AUTOMOTIVE INTERIOR MATERIAL MARKET, BY REGION, 2020–2027 (USD BILLION) 28

TABLE 4 NORTH AMERICA: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY COUNTRY, 2020–2027 (USD BILLION) 29

TABLE 5 NORTH AMERICA: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY TYPE, 2020–2027 (USD BILLION) 30

TABLE 6 NORTH AMERICA: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY VEHICLE TYPE, 2020–2027 (USD BILLION) 31

TABLE 7 US: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY TYPE, 2020–2027 (USD BILLION) 32

TABLE 8 US: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY VEHICLE TYPE, 2020–2027 (USD BILLION) 32

TABLE 9 CANADA: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY TYPE, 2020–2027 (USD BILLION) 33

TABLE 10 CANADA: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY VEHICLE TYPE, 2020–2027 (USD BILLION) 33

TABLE 11 MEXICO: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY TYPE, 2020–2027 (USD BILLION) 34

TABLE 12 MEXICO: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY VEHICLE TYPE, 2020–2027 (USD BILLION) 34

TABLE 13 EUROPE: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY COUNTRY, 2020–2027 (USD BILLION) 35

TABLE 14 EUROPE: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY TYPE, 2020–2027 (USD BILLION) 36

TABLE 15 EUROPE: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY VEHICLE TYPE, 2020–2027 (USD BILLION) 37

TABLE 16 GERMANY: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY TYPE, 2020–2027 (USD BILLION) 38

TABLE 17 GERMANY: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY VEHICLE TYPE, 2020–2027 (USD BILLION) 38

TABLE 18 UK: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY TYPE, 2020–2027 (USD BILLION) 39

TABLE 19 UK: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY VEHICLE TYPE, 2020–2027 (USD BILLION) 39

TABLE 20 FRANCE: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY TYPE, 2020–2027 (USD BILLION) 40

TABLE 21 FRANCE: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY VEHICLE TYPE, 2020–2027 (USD BILLION) 40

TABLE 22 SPAIN: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY TYPE, 2020–2027 (USD BILLION) 41

TABLE 23 SPAIN: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY VEHICLE TYPE, 2020–2027 (USD BILLION) 41

TABLE 24 ITALY: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY TYPE, 2020–2027 (USD BILLION) 42

TABLE 25 ITALY: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY VEHICLE TYPE, 2020–2027 (USD BILLION) 42

TABLE 26 REST OF EUROPE: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY TYPE, 2020–2027 (USD BILLION) 43

TABLE 27 REST OF EUROPE: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY VEHICLE TYPE, 2020–2027 (USD BILLION) 43

TABLE 28 ASIA-PACIFIC AUTOMOTIVE INTERIOR MATERIALS MARKET, BY COUNTRY, 2020–2027 (USD BILLION) 44

TABLE 29 ASIA-PACIFIC AUTOMOTIVE INTERIOR MATERIALS MARKET, BY TYPE, 2020–2027 (USD BILLION) 45

TABLE 30 ASIA-PACIFIC AUTOMOTIVE INTERIOR MATERIAL MARKET, BY END-USE, 2020–2027 (USD BILLION) 46

TABLE 31 CHINA AUTOMOTIVE INTERIOR MATERIALS MARKET, BY TYPE, 2020–2027 (USD BILLION) 47

TABLE 32 CHINA AUTOMOTIVE INTERIOR MATERIALS MARKET, BY VEHICLE TYPE, 2020–2027 (USD BILLION) 47

TABLE 33 JAPAN AUTOMOTIVE INTERIOR MATERIALS MARKET, BY TYPE, 2020–2027 (USD BILLION) 48

TABLE 34 JAPAN AUTOMOTIVE INTERIOR MATERIALS MARKET, BY VEHICLE TYPE, 2020–2027 (USD BILLION) 48

TABLE 35 INDIA AUTOMOTIVE INTERIOR MATERIALS MARKET, BY TYPE, 2020–2027 (USD BILLION) 49

TABLE 36 INDIA AUTOMOTIVE INTERIOR MATERIALS MARKET, BY VEHICLE TYPE, 2020–2027 (USD BILLION) 49

TABLE 37 REST OF ASIA-PACIFIC AUTOMOTIVE INTERIOR MATERIALS MARKET, BY TYPE, 2020–2027 (USD BILLION) 50

TABLE 38 REST OF ASIA-PACIFIC AUTOMOTIVE INTERIOR MATERIALS MARKET, BY END-USE, 2020–2027 (USD BILLION) 50

TABLE 39 ROW AUTOMOTIVE INTERIOR MATERIALS MARKET, BY COUNTRY, 2020–2027 (USD BILLION) 51

TABLE 40 ROW AUTOMOTIVE INTERIOR MATERIALS MARKET, BY TYPE, 2020–2027 (USD BILLION) 52

TABLE 41 ROW AUTOMOTIVE INTERIOR MATERIALS MARKET, BY VEHICLE TYPE, 2020–2027 (USD BILLION) 53

11 List Of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR 11

FIGURE 2 TOP-DOWN AND BOTTOM-UP APPROACH 13

FIGURE 3 DRIVERS AND RESTRAINTS IMPACT ANALYSIS OF GLOBAL AUTOMOTIVE INTERIOR MATERIAL MARKET 15

FIGURE 4 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL AUTOMOTIVE INTERIOR MATERIALS MARKET 19

FIGURE 5 GLOBAL AUTOMOTIVE INTERIOR MATERIAL MARKET, BY TYPE, 2020 (% SHARE) 22

FIGURE 6 GLOBAL AUTOMOTIVE INTERIOR MATERIAL MARKET, BY TYPE, 2020–2027 (USD BILLION) 23

FIGURE 7 GLOBAL AUTOMOTIVE INTERIOR MATERIAL MARKET, BY VEHICLE TYPE, 2020 (%) 25

FIGURE 8 GLOBAL AUTOMOTIVE INTERIOR MATERIAL MARKET, BY VEHICLE TYPE, 2020–2027 (USD BILLION) 26

FIGURE 9 GLOBAL AUTOMOTIVE INTERIOR MATERIAL MARKET, BY REGION, 2020–2027 (USD BILLION) 28

FIGURE 10 NORTH AMERICA: AUTOMOTIVE INTERIOR MATERIAL MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 29

FIGURE 11 NORTH AMERICA: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY TYPE, 2020–2027 (USD BILLION) 30

FIGURE 12 GLOBAL AUTOMOTIVE INTERIOR MATERIAL MARKET, BY VEHICLE TYPE, 2020–2027 (USD BILLION) 31

FIGURE 13 EUROPE: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY COUNTRY, 2020–2027 (USD BILLION) 35

FIGURE 14 EUROPE: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY TYPE, 2020–2027 (USD BILLION) 36

FIGURE 15 EUROPE: AUTOMOTIVE INTERIOR MATERIAL MARKET, BY VEHICLE TYPE, 2020–2027 (USD BILLION) 37

FIGURE 16 ASIA-PACIFIC AUTOMOTIVE INTERIOR MATERIALS MARKETSHARE, BY COUNTRY, 2020–2027 (USD BILLION) 44

FIGURE 17 ASIA-PACIFIC AUTOMOTIVE INTERIOR MATERIALS MARKET SHARE, BY TYPE, 2020–2027 (USD BILLION) 45

FIGURE 18 ASIA-PACIFIC AUTOMOTIVE INTERIOR MATERIALS MARKET, BY VEHICLE TYPE, 2020–2027 (USD BILLION) 46

FIGURE 19 ROW AUTOMOTIVE INTERIOR MATERIALS MARKET SIZE, BY COUNTRY, 2020 (% SHARE) 51

FIGURE 20 ROW AUTOMOTIVE INTERIOR MATERIALS MARKET SIZE, BY TYPE, 2020–2027 (USD BILLION) 52

FIGURE 21 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL AUTOMOTIVE INTERIOR MATERIAL MARKET, 2016-2020, (IN %) 54

FIGURE 22 TOYODA GOSEI: TOTAL REVENUE VS SEGMENTAL REVENUE (USD BILLION) 55

FIGURE 23 TOYODA GOSEI: GEOGRAPHIC REVENUE MIX 56

FIGURE 24 TOYODA GOSEI: SWOT ANALYSIS 57

FIGURE 25 TOYOTA BOSHOKU: TOTAL REVENUE (USD BILLION) 58

FIGURE 26 TOYOTA BOSHOKU: KEY DEVELOPMENTS 59

FIGURE 27 TOYOTA BOSHOKU: SWOT ANALYSIS 59

FIGURE 28 LEAR CORPORATION: KEY DEVELOPMENTS 62

FIGURE 29 LEAR CORPORATION: SWOT ANALYSIS 62

FIGURE 30 NTF INDIA PVT LTD: TOTAL REVENUE VS SEGMENTAL REVENUE (USD BILLION) 63

FIGURE 31 SAGE AUTOMOTIVE INTERIOR MATERIALS, INC: KEY DEVELOPMENTS 65

FIGURE 32 BASF AUTOMOTIVE SOLUTIONS: TOTAL REVENUE VS SEGMENTAL REVENUE (USD BILLION) 66

FIGURE 33 BASF AUTOMOTIVE SOLUTIONS: KEY DEVELOPMENTS 67

FIGURE 34 BASF AUTOMOTIVE SOLUTIONS: SWOT ANALYSIS 67

FIGURE 35 FAURECIA S.A: TOTAL REVENUE VS SEGMENTAL REVENUE (USD BILLION) 68

FIGURE 36 FAURECIA S.A.: KEY DEVELOPMENTS 69

FIGURE 37 FAURECIA S.A: SWOT ANALYSIS 69

Automotive Interior Material Market

The automotive interior material market size is estimated to have reached a market value of USD 48.1 billion in the historic forecast period

Segmentation

By Type Synthetic Leather Fabric Thermoplastic Polymer Leather Others
By Vehicle Type Passenger Commercial Vehicle

Key Players

  • NTF Private Limited (India)
  • Sage Automotive Interior Materials Inc. (US)
  • BASF SE (Germany)
  • Faurecia S.A. (France)
  • Toyoda Gosei Co Ltd (Japan)
  • Lear Corporation (US)
  • Toyota Boshoku Corporation (Japan)
  • Johnson Controls (US)

Drivers

  • Rapid growth of passenger cars
  • changes in consumer lifestyle
  • and the need for lightweight vehicles
  • Need for premium grade interiors having tactile experience and superior aesthetic appeal for non-premium cars from consumers is also increasing
  • Demand for premium automotive interiors
  • Rapidly developing electric vehicles market is likely to offer robust opportunities
  • Demand for e-vehicles is on the rise owing to the fast depleting fossil resources and rising environmental concerns
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Automotive Interior Material Market Overview


The automotive interior material market size is estimated to have reached a market value of USD 48.1 billion in the historic forecast period that had ended in 2019 and is projected to reach USD 54.8 billion by the end of the current forecast period in 2027, at a CAGR of 2.6%. The automotive interior materials market has a higher penetration in the Asian Pacific region and the Middle East & Africa. This growth can be attributed to the rising economic condition and urbanization in the Asian Pacific and the Middle East & African countries. In addition, optimizing fuel efficiency by reducing the overall vehicle weight, followed by other factors like the increased globalization and the high demand for new technologies and customization, are driving the automotive interior materials market.


COVID 19 Analysis


The global pandemic has affected the automotive interior material market, which is expected to be moderately affected due to disruptions in the global supply chain. The global market functioning is highly dependent on the refinery & petrochemical, chemical, metal, and other power generation industries. China is a significant market for exports and industrial production, and the imposition of strict lockdowns in the country's significant provinces affected the industrial activities. The propelling demand for industrial equipment declined significantly in the first quarter of 2020, mainly due to the outbreak of COVID-19, followed by the imposition of restrictions and lockdown. The Chinese region is among the largest producers of automobiles. However, many disruptions in the supply of raw material have weakened the production of automotive interior material in the country.


Market Dynamics



  • Drivers


The availability of affordable vehicles has grown considerably over the recent years due to increased traveling among people, and the same can be seen during the continuous period. Subsequently, it has resulted in the increased expectation of automotive interior designs, and these are both visually appealing and comfortable. Furthermore, the increased technological advancements in the market and the rising demand for customization of automotive interior materials are driving the market. Therefore, the global automotive interior material market companies are offering customizations to create innovative interiors following the customer's demand. Furthermore, there has been an increase in health awareness among consumers, and it is encouraging companies to introduce eco-friendly automotive interior materials, which will help enhance comfortable driving. These factors influence the growth of the automotive interior material market and will expand the market share during the period ending in 2027.


It is imperative to understand that the automotive interior materials market includes various functions, and leather manufacturing is one. The tanning process in leather manufacturing is a sub-divided market inclusion is the most polluting stage of leather processing. It includes metals such as chromium, aluminum chlorides, sulfates of potassium, and others like aluminum and zirconium sulfates. Hence, with the help of green chemistry, global market manufacturers have developed methods to use safer chemicals that can be disposed of quickly. The unique techniques among them include tanning skins with glutaraldehyde in unnatural d-AA such as d-alanine or d-lysine. These highlight results like providing high leather stability due to the bridging feature of the carboxylic and the amino group of the amino acids. The wastewater generated amid the conduction of such processes contains no hazardous chemicals, as toxic tanning agents are not used during the described process. Hence, wastewater treatment plants gain the benefit from proper handling and final disposal of waste. All these factors are likely to play a significant role in the expansion of the automotive interior material market during the period ending in 2027.



  • Restraints


As a primary market function, Genuine leather is the most expensive material currently used as automotive upholstery and causes issues for the market players that eye on expansion and growth. The leather processing industry is witnessing many effects in most developed markets due to the stringent environmental regulations that have made it difficult for local or regional manufacturers in these regions to remain profitable and expand during the continuous period. Following this, there has been an increase in the import of leather from African countries with heavy leather, and the Asian Pacific region like India with light leather was observed. However, the birth of market factors like a high import price, availability of alternatives like synthetic leather, and others like the changing perception of consumers toward genuine leather has compelled most manufacturers to switch to eco-friendly alternatives.



  • Technology Analysis


Automobile doors panels belong to the automotive interior material market and are components that help mitigate the impact of side collisions and increase the overall safety of the occupant. The interior door panel, as a sub-market segment, is made of various materials, and the finish depends on the rest of the vehicle interiors, which include the dashboard and carpets, among others. Door panels vary from simple plastic and sleek designs to hand-stitched leather finish, depending on the vehicle type and segment. Along with providing an aesthetic appeal, these door panels are also designed to improve the functionality and ergonomics of the vehicle. This increases the comfort level provided by the vehicle. In addition, door panels play an essential role in verticals like NVH, packaging, storage, and vehicle styling.


Segment Overview


Based on type, the automotive interior material market has been segmented as follows:



  • Polymer

  • Genuine Leather

  • Fabric

  • Synthetic Leather

  • PVC

  • PU

  • Others


Based on vehicle type, the automotive interior material market has been segmented as follows:



  • Passenger Cars

  • Light Commercial Vehicle

  • Heavy Commercial Vehicle

  • Buses & Coaches


Based on application, the automotive interior material market has been segmented as follows:



  • Dashboard

  • Door Panel

  • Seats

  • Floor Carpets

  • Others (Headliners, Sun Visor, Interior Lighting, Rear seat entertainment)


Based on region, the automotive interior material market has been segmented as follows:



  • Asia Pacific

  • North America

  • Europe

  • Middle East & Africa

  • South America


Regional Analysis


Industrial expansion and technological developments in the European region drive the consumption of automotive interior material. The market's global growth is also expected to be supported by the improving global economy and highlighted during the continuous period that ends in 2027. The automotive sector is one of the key industries located in the European region. The major growth drivers for the European automotive interior materials market share include the following:


The growing demand for technology employment.



  • The need for a safe driving experience.

  • A substantial increase in the development of connected cars.


Major players are automotive interior components and solution providers such as Grupo Antolin (Spain) and others like Faurecia (France). With the ongoing automotive industry developments, on and off-site research, and widening distribution networks, the demand for automotive interior materials is expected to increase during the forecast period ending in 2027.


Competitive Landscape


The key market players profiled in the automotive interior material market report include the following:



  • Lear Corporation (US)

  • DRAXLMAIER Group (Germany)

  • Asahi Kasei Corporation (Japan)

  • DK Leather Corporation Berhad (Malaysia)

  • Grupo Antolin (Spain)

  • Toyota Boshoku Corporation (Japan)

  • Seiren Co. Ltd. (Japan)

  • Faurecia (France)

  • Yanfeng Automotive Interiors (YFAI) (China)

  • Toyoda Gosei Co., Ltd. (Japan)


Recent Developments



  • In 2019, Lear Corporation and Gentherm (NASDAQ: THRM), the global automotive interior material market leader and profound developer of innovative thermal management technologies, internationally announced a strategic joint development partnership to drive the future of passenger thermal seating solutions.

  • The Asian Pacific region is the largest automotive interior material market due to rapid economic growth. These factors are essential in driving the automotive interior material market, followed by its expansion during the ongoing forecast period ending in 2027. The developed countries of Asia Pacific house, the critical global automakers, provide them opportunities to dwell. The APAC region serves as a manufacturing hub and has critical R&D facilities. The automotive industry in developing countries of Asia Pacific like India and China is expected to grow because of the improving economic conditions and the booming manufacturing sector. The market in North America is also projected to grow at a moderate rate during the forecast period ending in 2027 because of the shift of manufacturing bases to developing countries. However, the rising demand for luxury vehicles in the US and Canadian region will drive the need for automotive interior materials.

  • In 2020, one of the prominent market companies - Sage Automotive Interiors (Sage), an Asahi Kasei subsidiary based in South Carolina, US (CEO: Dirk Pieper), has completed its acquisition of the automotive fabrics business of Adient plc.


Report Overview


The automotive interior material market report has been prepared to understand the market preparedness to deal with the market functioning before and after the COVID-19 pandemic. The market report highlights the rising degree of competition in the market premises followed by the recent developments undertaken by various market players during the period.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: USD 149.6 Billion
  CAGR   4.50% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Vehicle Type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   NTF Private Limited (India), Sage Automotive Interior Materials Inc. (US), BASF SE (Germany), Faurecia S.A. (France), Toyoda Gosei Co., Ltd (Japan), Lear Corporation (US), Toyota Boshoku Corporation (Japan), and Johnson Controls (US)
  Key Market Opportunities

  • Rapidly developing electric vehicles market is likely to offer robust opportunities
  • Demand for e-vehicles is on the rise owing to the fast depleting fossil resources and rising environmental concerns
  • These cars are mostly made of plastic and other forms of light-weight materials to reduce recharge timings and offer better fuel efficiency
  •   Key Market Drivers

  • Demand for premium automotive interiors
  • Need for premium grade interiors having tactile experience and superior aesthetic appeal for non-premium cars from consumers is also increasing
  • Rapid growth of passenger cars, changes in consumer lifestyle, and the need for lightweight vehicles


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    Frequently Asked Questions (FAQ) :

    The rate at which the market can expand in the coming years is 2.6%.

    The market valuation by 2027 is estimated to be USD 54.8 billion.

    The notable market players are Toyota Boshoku Corporation (Japan), Sage Automotive Interior Materials Inc. (US), Toyoda Gosei Co., Ltd (Japan), Faurecia S.A. (France), Lear Corporation (US), BASF SE (Germany), Johnson Controls (US), NTF Private Limited (India), and others.

    Fabric, Synthetic Leather, Leather, Thermoplastic Polymer are the types of automotive interior material analyzed in the report.

    The vehicle types covered in the report include passenger and commercial.

    APAC emerged as the leading market in the year 2018.

    Expanding number of renowned automobile manufacturers can boost the demand for automotive interior material in the ROW market, ensuring its steady growth during the review timeline.