Automotive Interior Materials Market will reach USD 66.38


Pune, India, 22 Dec. 2021 (GLOBE NEWSWIRE) — According to Fortune Business Insight™, the Global automotive interior materials market The size is expected to reach USD 66.38 billion by 2026, owing to the growing production of automobiles globally. Automobile interior is the most crucial feature of an automobile that grabs user’s attention. Therefore, it is extremely essential to ensure that it meets all consumer safety and maintenance requirements. This published report offers a detailed analysis of the market and its key growth parameters. According to the report, the market was worth USD 51.09 billion in 2018 and will grow at a CAGR of 3.84% between 2019 and 2026.

Objectives of this research report

  • 360-degree overview of the automotive interior materials market
  • Growth parameters such as drivers, restraints, challenges, opportunities awaiting the market
  • Segmentation Chart and Competitive Landscape in Details
  • List of prominent players and their key strategies to retain the lion’s share in the market
  • Current trends in the automotive interior materials market

The List of Major Players of Automotive Interior Materials Market Manufacturers Include:

  • Freudenberg Performance Materials
  • SEIREN Co., Ltd.
  • Yanfeng Automotive Interiors
  • Sage Automotive Interiors
  • Faurecia
  • Lear Company
  • Freudenberg Performance Materials
  • DK-Switzerland
  • Stahl Holdings B.V.
  • Antolin Group
  • DuPont de Nemours, Inc.
  • Adient S.A.
  • Other providers

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Increase the popularity of electric vehicles to drive the market

Accelerating modernization and urbanization, combined with rising living standards and increasing disposable incomes, have increased the number of car owners worldwide. This ultimately propelled the growth of the automotive industry. Keeping in mind the increasing number of road accidents around the world, manufacturers have invested heavily in the development of automobile interiors. It is a major growth driver for the automotive interior materials market. Moreover, the advent of electric vehicles and light-duty vehicles has also propelled the growth of the market due to the large amount of plastic they use. This, along with government restrictions on the promotion of cleaner technologies, is expected to help expand the market over the forecasted duration.

Asia-Pacific to Dominate the Market Due to Growing Adoption of Electric Vehicles

Geographically, the global automotive interior materials market is categorized into the regions of North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Among these, Asia-Pacific holds the dominating automotive interior materials market share owing to rapid market expansion in countries such as China, South Korea, Thailand, India and Japan. Moreover, increasing adoption and sales of electric vehicles will also help this region to continue to dominate the market in the coming years. The market in Europe ranks second due to the growing popularity of the electric vehicle market. However, the North American market generated significant revenue in the automotive interior materials market of USD 7,626.7 million in 2018. The growth of this region is attributed to the advent of electric vehicles and the the steady improvement of the automotive industry in the region. Also, the Latin America market will witness healthy growth owing to the expansion of the automotive industry in countries like Mexico and Brazil.

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Merger and Acquisition Strategies to Help Players Gain a Competitive Edge

The competitive landscape of automotive interior materials market is segregated in nature owing to the presence of a diverse portfolio. Companies such as DuPont have launched a new series of automotive materials from renewable sources that includes Sorona fiber which is used in vehicle seat fabrics, carpets and headliners. Rising environmental concerns have pushed manufacturers to opt for renewable products to manufacture vehicles. Companies are acquiring strategies such as mergers and acquisitions, corporate collaborations, joint ventures, and others to attract a high automotive interior materials market in the coming years.

Details Table of Contents:

  • introduction
    • Search scope
    • Market segmentation
    • Research Methodology
    • Definitions and assumptions
  • Summary
  • Market dynamics
    • Market factors
    • Market constraints
    • Market opportunities
  • key ideas
    • Key industry trends
    • Overview of global production of automotive interior materials
  • Global Automotive Interior Materials Market Analysis, Outlook and Forecast, 2015-2026
    • Main results/summary
    • Market Analysis, Outlook and Forecast – By Material
      • Plastics
      • Fabrics
      • Composite materials
      • Leather
      • Others
    • Market Analysis, Outlook and Forecast – By Application (Excluding Leather)
      • Dashboard
      • Seats
      • Airbags and seat belts
      • Door panel and trim
      • Carpets and headliners
      • Others
    • Market Analysis, Outlook and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East and Africa

TOC Continued…!

Key industry developments of the Automotive Interior Materials Market include:

January 2020 – Adient Plc., a company specializing in the manufacture of automotive interiors, sold a 30% stake in Yanfeng Global Automotive Interior Systems Co.Ltd to Yangfeng and entered into a joint venture until the end of December 2038.

October 2018 – The Japanese chemical and miscellaneous materials manufacturer has successfully announced the acquisition of US-based Sage Automotive Interiors.

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