Global Automotive Interior Materials Market Report, published by Variant Market Research, forecast that the global market was valued at$124 billion in 2016 and is expected to reach $155 billion by 2024, growing at a CAGR of 2.8% from 2016 to 2024. In geographical segments, Asia Pacific and North America are expected to grow at a CAGR of 3.5% and 2.7%, respectively, during the forecast period 2016-2024.
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High demand for low-emission materials, advancement in technology as well as high demand for compact, rise in mid-sized cars are some of the factors propelling the growth of the global automotive interior materials market. Although, high cost of genuine leather and stringent regulation relating to synthetic leather may the decline the market growth. Also, innovative automotive design along with introduction of Nano technology & green technology are the factors expected to grow the market generating numerous growth opportunities in the coming years.
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The global automotive interior materials market is mainly segmented into material, application and geography. The segmentation by material consist of leather, fabric, thermoplastic polymers, vinyl and wood. Among them, thermoplastic polymers held the foremost share in the year 2016, driven by its ability to mold into components of complex geometrics, replacing several parts and offering integral fitments leading to easier assembly. Furthermore, application segment is further classified into light commercial vehicle, heavy commercial vehicle, and passenger vehicle. In 2016, passenger vehicles accounted for the highest share in the automotive interior materials.

North America, Europe, Asia-Pacific and Rest of the World (RoW) are the major geographical segments of the global automotive interior materials market. Asia Pacific is the fastest growing region with respect to CAGR in the market, and is probable to endure this trend owing to rapid economic growth, growing disposable income, increasing population, improving living standards and demand for small & medium-sized luxury cars. Europe dominated the market with largest share trailed by North America in the year 2016.

The key players of automotive interior materials market include The Haartz Corporation, Johnson Controls Inc., Sage Automotive Interiors Inc., Toyota Boshoku Corporation, Faurecia S.A., Dow Chemical Company, International Textile Group Inc., Lear Corporation BASF S.E., D.K Leather Corporation, Auto Trim Inc., and GST AutoLeather Inc., among others.

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Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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