Upsurge in Demand for Low-Emission Materials Drives the Global Automotive Interior Materials Market


Posted September 27, 2017 by manojkumkar

Global Automotive Interior Materials Market is estimated to reach $155 billion by 2024; growing at a CAGR of 2.8% between 2016 and 2024.

 
Global Automotive Interior Materials Market, published by Variant Market Research, forecasts that the global market is expected to reach $155 billion by 2024 from $124 billion in 2016, growing at a CAGR of 2.8% from 2016 to 2024. By geography, Asia Pacific and North America are expected to grow at a CAGR of 3.5% and 2.7%, respectively, during the forecast period.

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Some of the aspects driving the global automotive interior material market are high demand for low-emission materials, advancement in technology coupled with high demand for compact, and increase in mid-sized cars. Although, stringent government regulations, and high cost of genuine leather may restrict the market from growing. Moreover, safe, customized & lightweight interiors along with flexibility on price are expected to provide various growth opportunities for the market in the forthcoming years.

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Material, application, and geography are the primary classification of the global automotive interior materials market. Where, material type is further segmented into leathers, thermoplastic polymers, fabric, wood, and vinyl. Among them, thermoplastic polymers accounted for the prime share in 2016, due to its capability to mold into components of complex geometrics, replacing various parts and offer integral fitments leading to easier assembly. Classification, by application segment is given as passenger vehicle, heavy commercial vehicle, and light commercial vehicle. Passenger vehicles dominated the chief share in the automotive interior materials market in 2016.
Based on geographical analysis, the global automotive interior materials market is 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 considering CAGR, and is projected to continue this trend, driven by rapid increasing population, economic growth, rising disposable income, improving living standards and demand for small & medium-sized luxury cars. Europe held the major share of the market followed by North America in 2016.

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

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.
For further information, visit https://www.variantmarketresearch.com

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Issued By Manoj Kumkar
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Country United States
Categories Automotive
Tags automotive interior materials market , forecast , size , trend
Last Updated September 27, 2017