About Automotive Interior Material-
A variety of materials such as plastic, leather, composite, and rubber are all automotive interior materials. Every component used in a car’s interior is there for a reason and it all works together to improve the vehicle. This component improves the car’s interior design and significantly impacts the consumer’s decision to purchase. The increased technological advancements and demand for customization of automotive interior materials are driving the market. Therefore, companies are offering customizations to create innovative interiors in accordance with the demand of the customer.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 2.6% |
Competition among existing players is due to the automotive interior material market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for automotive interior material market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Automotive Interior Material- market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Faurecia (France), Lear Corporation (United States), Hyundai Mobis (South Korea), Adient (United States), BASF (Germany), JVCKENWOOD Corporation (Japan), Antolin (Spain), Denso Corporation (Japan), Magna (Canada), Panasonic Corporation (Japan), Robert Bosch GmBH (Germany) and Toyoda Gosei (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Asahi Kasei Corporation (Japan), Toyota Boshoku (Japan) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Automotive Interior Material- market by , Application (Dashboard, Door Panel, Seats, Floor Carpets and Others) and Region.
On the basis of geography, the market of Automotive Interior Material- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material, the sub-segment i.e. Plastic will boost the Automotive Interior Material- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. OEM will boost the Automotive Interior Material- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing demand for automotive interior leather in passenger vehicles. and Rising demand for synthetic leather material in automotive.
Market Growth Drivers:
Increasing consumer demand for vehicle comfort. and Rising consumption of plastics in automotive interior materials.
Challenges:
The material and grade commonization in automotive interior.
Restraints:
The significant power consumption in automotive interior electronics.
Opportunities:
Advancement in sustainable leather production.
Market Leaders and their expansionary development strategies
In February 2022, Lear Corporation, a global automotive technology leader in Seating and E-Systems, announced it had completed the acquisition of substantially all of Kongsberg Automotive’s Interior Comfort Systems (ICS) business unit. The acquisition has further advanced Lear’s seat component capabilities and expanded product offerings in increasingly popular thermal and comfort seating solutions, such as seat heating and ventilation, and massage and lumbar support.
In October 2022, Lear Corporation, an automotive seating and e-system producer launched automotive interior fabric made from recycled plastic bottles in seating and door panel applications. Thus, a global circular economy where repurposed textiles can be infinitely recycled to become the ultimate raw material for sustainable manufacturing and design in automotive interior material.
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.