Global Automotive Interior Materials Market Report, published by Variant Market Research, forecast that the global market was valued at $124 billion in 2016 and expected to reach $155 billion by 2024; growing at a CAGR of 2.8% from 2016 to 2024. In geographical, Asia Pacific and North America are anticipated to grow at a fastest CAGR of 3.5% and 2.7%, respectively, over the forecast period 2016 – 2024.

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Major factors driving the growth of the global automotive interior material market are increasing demand for compact, mid-sized cars, technological developments, high adoption of electric vehicles, and growing trend of customization to differentiate their offerings. Though, stringent government rules on the usage of leathers and high cost of raw materials such as leather may hinder the market growth. Additionally, lightweight, safe, & customized interiors with flexibility on price would provide several growth opportunities in the upcoming years.

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The global automotive interior materials market has been bifurcated into material, application and geography. Material type segment comprises leather, thermoplastic polymers, fabric, vinyl and wood. Among them, thermoplastic polymers accounted for the maximum market share in 2016, due to its capability to mold into components of complex geometrics, substituting several parts and offer integral fitments leading to easier assembly. Additionally, application segment is further segmented into heavy commercial vehicle, light commercial vehicle and passenger vehicle. In 2016, passenger vehicles held the major share in the automotive interior materials market.

Based on geography, the global automotive interior materials market has been segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). Asia Pacific is the fastest growing region in the global automotive interior materials market, and is projected to dominate the market, due to growing population, rapid economic growth, increasing disposable income, and high adoption of small & medium-sized luxury cars. In 2016, Europe held the major market share followed by North America.

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The major companies operating in the global automotive interior materials market are Toyota Boshoku Corporation, The Haartz Corporation, Johnson Controls Inc., Sage Automotive Interiors Inc., Faurecia S.A., GST AutoLeather Inc., International Textile Group Inc., Dow Chemical Company, BASF S.E., D.K Leather Corporation, Lear Corporation, and Auto Trim Inc., among others.

Scope of Automotive Interior Materials Market
Materials Segments
• Leather
• Thermoplastic Polymers
• Fabric
• Vinyl
• Wood

Application Segments
• Heavy Commercial Vehicle
• Light Commercial Vehicle
• Passenger Vehicle

Geography Segments
• North America
o US
o Canada
o Mexico

• Europe
o U.K.
o Italy
o France
o Germany
o Others

• Asia-Pacific
o China
o India
o Japan
o Others

• RoW
o South America
o Middle East
o Africa

About Variant Market Research
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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