Market Overview
The automotive interior leather is used in the upholstery and interior of a vehicle, in order to enhance the feel and appearance of the vehicle. The passenger and driver can actually experience the texture and feel of the leather. It is an essential part of the automotive industry, which is used to enhance the esthetics of the vehicle since it can cover the infotainment center, controllers, and steering. Apart from appearance, automotive leather is used to sustain various types of fatigue such as wear & tear and scratches. The automotive interior leather is different from furniture leather as less fat liquors are used in the production of automotive interior leather, in order to make it more resistant to stretching and bagging. Moreover, automotive interior leather is adequate protection from the sun’s UV rays.

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The global Automotive Interior Leather Market was to accounted for US$ 29,441.6 Mn in terms of value and 741.4 Mn sq meter in terms of volume in 2019 and is expected to grow at CAGR of 5.2% for the period 2019-2027

Market Dynamics- Drivers
Increasing demand for lightweight leather is expected to drive growth of the global automotive interior leather market during the forecast period
The global market is actively shifting towards the use of lightweight leather products. Since there is a high demand for lightweight automotive vehicles, the leather industry is focused on providing similar products. Lightweight vehicles are more fuel-efficient and contribute to reduced emissions. Moreover, constant research and development activities in the fuel economy of the automotive vehicle show a direct correlation between fuel efficiency and vehicle weight. This correlation has compelled manufacturers to reduce the weight of automotive vehicles and to opt for lightweight leather products in automotive vehicle body panels. Therefore, these factors are expected to drive the global automotive interior leather market growth over the forecast period. For instance, in 2016, Elmo Sweden AB introduced Elmolite II- an ultra-light luxury type of leather, for their automotive leather business.
Growing demand for hybrid and electric vehicles is expected to propel the global automotive interior leather market growth over the forecast period
Increasing the implementation of strict environmental regulations and emission control norms has increased the demand for Hybrid Electrical Vehicles (HEVs) powered by a combination of IC engines and electric motors are gaining traction. High demand for novel weather solutions such as thermo cool leather, anti-soiling leather, and antimicrobial & antibacterial leather is expected to drive the global automotive interior leather market growth in the near future. Furthermore, leading carmakers are competing to introduce climate-controlled automotive seats in hybrid vehicle models, which can convert electricity to heat or cool vehicle seats. Some of these are already integrated into a small percentage of electric and hybrid cars available in the market.
Asia Pacific region dominated the global Automotive Interior Leather Market in 2019, accounted for 45.9% share in terms of value, followed by Europe, North America, Latin America and Middle East and Africa.

Market Opportunity

Sustainable leather production can provide major growth opportunities
Integration of green technology in the automotive industry is a growth opportunity for growth and can help market players to increase their share and expand business revenue. The global automotive interior leather market is following the automotive industry by adopting green technology for production of automotive leather. For instance, in 2015, BOXMARK Leather GmbH & Co KG introduced GREEN – a sustainable leather for automotive, living, sea and air applications. The sustainable leather developed by BOXMARK Leather GmbH & Co KG uses full vegetable tanning agents and novel recovery of oiling & fillers from previous waste products to manufacture leather.
Product innovation can offer lucrative business opportunities
Key companies in the market are focused on product innovation, in order to offer novel products in the market. Although the majority of players in the auto upholstery market focus on traditional colors and materials, a spectrum of materials, finishes and customization options available can provide massive opportunities. For instance, in September 2015, Lear Corporation purchased a property in Detroit, the U.S. to establish an innovation and design center. The company will work with the College for Creative Studies (CCS) to conduct R&D on fabrics & leather to produce next-generation vehicle interiors.
Market Taxonomy
This report segments the Global Automotive Interior Leather Market on the basis of Material Type, Vehicle Type, Application and Region. On the basis of Material Type, Global Automotive Interior Leather Market is segmented into Genuine Leather and Synthetic Leather. Synthetic Leather is further segmented into PU Leather and PVC Leather .On the basis of Vehicle Type, the Global Automotive Interior Leather Market is segmented into Passenger Vehicles, Heavy Commercial Vehicles and Light Commercial Vehicles. Passenger vehicles are further segmented into Compact , Sub-compact, Mid-size, Sedan, Luxury and Van. On the basis of Application, the Global Automotive Interior Leather Market is segmented into Upholstery, Dashboard , Seat belts , Air-bags , Floor & trunk carpets , Headliners and Others. On the basis of region, Global Automotive Interior Leather Market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.

Key features of the study:

• This report provides an in-depth analysis of the Global Automotive Interior Leather Market and provides market size (US$ Million and Million Sq. Meter) and compound annual growth rate (CAGR %) for the forecast period (2019-2027), considering 2019 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global Automotive Interior Leather Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global Automotive Interior Leather market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Automotive Interior Leather Market

Detailed Segmentation:

Global Automotive Interior Leather Market, By Material Type:
• Genuine Leather
• Synthetic Leather
• PU Leather
• PVC Leather
Global Automotive Interior Leather Market, By Vehicle Type:
• Passenger Vehicles
• Compact
• Sub-compact
• Mid-size
• Sedan
• Luxury
• Van
• Heavy Commercial Vehicles
• Light Commercial Vehicles
Global Automotive Interior Leather Market, By Application:
• Upholstery
• Dashboard
• Seat belts
• Air-bags
• Floor & trunk carpets
• Headliners
• Others


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Competitive Section
Key players operating in the global automotive interior leather market are Elmo Sweden AB, D.K Leather Corporation, Scottish Leather Group Limited, GST AutoLeather Inc., Eagle Ottawa LLC, Leather Resource of America Inc., Elmo Sweden AB, Bader GmbH & Co. KG., and WOLLSDORF LEDER SCHMIDT & Co. Get.m.b.H.

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