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

Automotive Interior Material Market Analysis


Global Automotive Interior Material Market will develop at a 7.11% CAGR between 2019- 2025, reveals the current Market Research Future (MRFR) report. The strong global automotive interior material market size is due to the growing demand for better car aesthetics by car owners.


COVID-19 Analysis 


The COVID-19 pandemic is an on-going global situation. Apart from the human tragedy, this crisis has also severely impacted industries and economies across the globe, which also includes the auto industry. This on-going outbreak has resulted in a disruption in the supply chain across the auto sector. There has been a temporary suspension in international trade in different countries, thus having a negative effect on the automotive interior material market value. Besides, governments in a good number of countries have imposed restrictions on the mobility of citizens and a temporary halt of production facilities in key industries as preventive measures. With a good number of industries like logistics and steel depending largely on the auto sector, the dip in the sales of cars owing to the crisis is making a rippling effect. Even after the reopening of businesses, social and physical distancing will continue, thus the automotive industry will have to adapt to novel ways of working. Parts suppliers and OEMs have yet to return to complete production capacity. Constant delays in delivery may impact the market at several levels, from dampened vehicle sales, financially drained SMEs, shattered supply chains, and new car model launches. All these are likely to affect the automotive interior material market growth.


Competitive Landscape 


Global Automotive Interior Material Market is highly competitive and fragmented in nature with the presence of an array of market players. Industry players have encompassed several strategies to widen their portfolio and also strengthen their position in the market, such as partnerships, extensive research & development activities, mergers and acquisitions, strategic alliances, and others.


Key Players 


Prominent players profiled in the global automotive interior material market report include 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), among others.


Market Dynamics




  • Drivers




Demand for Premium Automotive Interiors to Bolster Market Growth 


The worldwide demand for premium automotive interiors is likely to bolster the automotive interior material market revenue over the forecast period. The need for premium grade interiors having tactile experience and superior aesthetic appeal for non-premium cars from consumers is also increasing.


Additional factors adding to the automotive interior material market share include the growing automotive industry in various emerging regions, the rapid growth of passenger cars, changes in consumer lifestyle, and the need for lightweight vehicles.




  • Opportunities




Developing Electric Vehicles Market to Offer Robust Opportunities 


The rapidly developing electric vehicles market is likely to offer robust opportunities to market players in the upcoming days. The 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. This is likely to have a positive impact on the automotive interior components market growth.




  • Restraints




Volatility in Raw Material Prices to Act as a Market Restraint


The high volatility in the raw material prices may act as a market restraint over the forecast period.




  • Challenges




High Maintenance Cost to Act as a Market Challenge


The high cost that is involved in maintaining automotive interiors may act as a major market challenge for key players in the upcoming days.


Market Segmentation


Global Automotive Interior Material Market has been segmented based on Vehicle Type and Type.


Synthetic Leather Segment to Lead Automotive Interior Material Market 


By type, the global automotive interior material market is segmented into leather, thermoplastic polymer, fabrics, and synthetic leather. Of these, the synthetic leather segment will lead the market over the forecast period and at the highest CAGR. Synthetic leather is a cost-effective alternative to leather; thus its demand is growing.


Passenger Vehicle Segment to Dominate Automotive Interior Material Market 


By application, the global automotive interior material market is segmented into commercial vehicles and passenger cars. Of these, the passenger vehicle segment will dominate the market over the forecast period for the rise in individual income levels as well as the growing use of fabric material in these cars like cars and SUVs.


Regional Analysis


APAC to Remain Forerunner in Automotive Interior Material Market 


Geographically, the global automotive interior material market is segmented into North America, the Asia Pacific (APAC), Europe, and Rest of the World (RoW). Of these, the APAC region will be the forerunner in the market over the forecast period. Growing demand for cars due to mounting population in India and China, favorable government initiatives, regulations related in improving countermeasures and crash performance for keeping passengers safe, launch of high-end interiors in entry-level cars, robust economic development, increasing spending power of the middle-class populace, rising urbanization and robust economic development are adding to the global automotive interior material market growth in the region. Besides, the presence of a strong automotive industry in Thailand, Japan, South Korea, India, and China, and the increasing adoption and sales of e-vehicles are adding to the global automotive interior material market growth in the region.


North America to Have Moderate Growth in Automotive Interior Material Market 


The global automotive interior material market in North America is predicted to have moderate growth over the forecast period. The steadily improving automotive industry, the growing adoption of electric cars, growing need for passenger cars, the economic feasibility of premium options, frequent technological advancements, and widespread dependence on cars for personal transportation are adding to the global automotive interior material industry growth in the region. Besides, strict standards related to fuel economy, constant technological development, and economic feasibility are also adding market growth.


Europe to Have Healthy Growth in Automotive Interior Material Market 


The global automotive interior material market in Europe is predicted to have healthy growth over the forecast period. The increasing focus of manufacturers and government on the “European Way of Future Mobility”, the growing popularity of electric vehicles, and the importance of automotive interiors for European consumers that has empowered manufacturers in innovating and marketing an array of applications are adding to the global automotive interior material market growth in the region.


Recent Developments



  • January 2021- Maruti’s biggest car Maruti Ciaz 2022, will soon be launched with a few updates, especially with regards to the interior. The interiors are predicted a major overhaul with some changes in the color scheme. 

  • January 2021- Volvo’s Polestar 2 blends luxury and innovation for an auto experience that is totally unique. Its best feature is the interiors are vegan, that is, they are made of eco-friendly, modern materials that are inspired by the sporty feel and look of wetsuits. This means they are ultra-modern, smooth, and durable. People can choose from three different color schemes- Barley, Charcoal, and Slate based on neutral and muted tones. The car also comes with a steering wheel that is leather-free, having a matte, clean finish.


Report Scope 


Global Automotive Interior Material Market report by Market Research Future throws light on the current trends and niches in the industry. The report also lays emphasis on the various market drivers, opportunities, market restraints, and challenges, as well as offers insights for the forecast period. It also throws light on the different market segments for a comprehensive understanding of the reader.


By Type



  • Synthetic Leather 

  • Fabrics

  • Thermoplastic Polymer 

  • Leather


By Application 



  • Passenger Cars

  • Commercial Vehicle


By Region 



  • North America 

  • Europe 

  • The Asia Pacific 

  • Rest of the World (RoW)

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