According to a new market report published by Lucintel, the future of the global automotive interior material market looks promising with opportunities in the passenger car and commercial vehicle segments. The global automotive interior material market is expected to reach an estimated $108.3 billion by 2022 and it is forecast to grow at a CAGR of 5.5% from 2017 to 2022. The major growth drivers for this market are increasing vehicle production, growing demand for advanced vehicle safety and comfort systems, and rising demand for premium aesthetic vehicles with lightweight interior materials.
Browse 167 market data tables and 185 figures spread through 275 pages and in-depth TOC on “Global Automotive Interior Material market”
Asia Pacific is expected to remain the largest market due to high vehicle production, improvement in the economic conditions, and increasing investment by the industry players within the APAC region.
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Emerging trends, which have a direct impact on the dynamics of the industry, include increasing demand for smart fabrics and increasing demand of natural fiber composites in vehicle interior. BASF SE, Lear Corporation, GST AutoLeather, Inc., Seiren Co., Ltd. and Borger AG are the major automotive interior material suppliers in the global automotive interior material market.
On the basis of our comprehensive research, Lucintel forecasts that the leather and fabrics segments will show above average growth during the forecast period.
Within the global automotive interior materials market, the leather segment is expected to remain the largest market. Vehicle manufacturers are providing leather upholstery in mid-range and premium cars, which would spur growth for this segment over the forecast period.
The study includes a forecast for the global automotive interior material market by material, vehicle type, application type, and region, as follows:
Automotive interior material market by material (Value ($ billion) and Volume (billion lbs.) from 2011 to 2022):
- Other Materials
Automotive interior material market by vehicle type (Value ($ billion) and Volume (billion lbs.) from 2011 to 2022):
- Small Cars
- Compact Cars
- Mid-size Cars
- Large Cars
- Pickup Truck
Automotive interior material market by application type [Volume (Billion lbs.) and $ billion from 2011 to 2022]:
- Airbag & seat belt
- Door panel
- Carpet & headliner
- Interior trim
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