Global Auto Interior Parts Market Overview:
The automobile has a number of complex parts, which provides long term functioning of the car. The demand for auto parts markets has been increased, owing to increasing number of passenger and the commercial car in developing countries. For instance, according to the government of the United States, in 2015, there were a projected more than 263.6 million registered vehicles in the United States and most of which were passenger vehicles. Hence, the rising number of passenger vehicle & commercial vehicles and increased demand for premium vehicles are projected to drive the global auto interior parts market over the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
High Demand for Compact & Mid-Sized Cars Worldwide
Market Growth Drivers:
Increased Demand for Premium Vehicles and Rising Demand for Interior Styling and Growing Number of Passenger Car and Commercial Car across the World
Challenges:
Issue related to Long Production Cycle of Automotive Vehicles
Restraints:
High Cost of Raw Materials Such as Leather and Strict Government Regulations on the Usage of Leathers
Opportunities:
Growing Demand from Emerging Market such as China, India, Brazil, among others
Competitive Landscape:
The market is highly fragmented with the presence of local and regional players in the market. Various players operating in the market such as Toyota Boshoku Corporation (Japan), Johnson Controls International plc (United States), Sage Automotive Interiors (United States), among others.
Some of the key players profiled in the report are The Haartz (United States), Toyota Boshoku Corporation (Japan), Johnson Controls International plc (United States), Sage Automotive Interiors (United States), Faurecia S.A (France), GST AutoLeather (United States), International Textile Limited (India), DuPont de Nemours, Inc. (United States), BASF SE (Germany), DK Leather Seats Sdn Bhd (Malaysia), Auto Trim (United States) and Lear Corporation (United States). Additionally, following companies can also be profiled that are part of our coverage like Grupo Antolin (Spain), Grammer AG (Germany) and Adient plc (Ireland). Analyst at AMA Research see United States Vendors to retain maximum share of Global Auto Interior Parts market by 2028. Considering Market by Material , the sub-segment i.e. Leather will boost the Auto Interior Parts market. Considering Market by Vehicle type , the sub-segment i.e. Passenger Vehicle will boost the Auto Interior Parts market.
Latest Market Insights:
In October 2020, Sage Automotive Interiors (an Asahi Kasei company) acquired Adient's automotive textile business. Strengthening our presence in Europe will enable us to support multiple OEMs locally and more broadly by combining the best of both companies' operations.
In June 2021, GST Seton AutoLeather, a leading global supplier of automotive leather components, changed its company name to Pangea and forged a new brand identity that reflects its commitment to being the world's most trusted automotive leather company.
According to Government of India, “since the year 2000, India started adopting European emission and fuel regulations for four-wheeled light-duty and for heavy-duty vehicles. India’s own emission regulations still apply to two- and three-wheeled vehicles”.
What Can be Explored with the Auto Interior Parts Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Auto Interior Parts Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Auto Interior Parts
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Auto Interior Parts market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Auto Interior Parts market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Auto Interior Parts Manufacturers, Retailers, Distributors, and Wholesalers, Governments, Associations, and Industrial Bodies, Investors and Trade Experts and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.