GarnerInsights.com has added the report, “Automotive Interior Material Market : Global Market Synopsis, Growth Factors, Industry Segmentation, Regional Analysis And Competitive Analysis 2017 – 2025” published by Reports Monitor. The far-reaching research study offers a 360-degree analysis of the market crosswise over different unequivocal elements, including market share by segmentation type, market cost analysis, market effect factors, and marketing strategy and promoting methodology.
Interior design is the crucial segment in any vehicles and it contributes to the overall quality & cost of the vehicle. Automobile interior provides aesthetics, comfort and noise & vibration insulation. Hence, it is directly related to safety and satisfaction of customers. Automotive interior materials include leather, fabric, wool, thermoplastic polymers, glass and others. Interior material decides the premiumness of the vehicle. Demand for premium and light weight interior materials for passenger cars is increasing.
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Market Growth Factors:
Increased disposable income of individuals in emerging economies, rising urbanization globally, growing demand for customization option for interior material and advanced smart fabric material are the drivers for the growth of this market. Need of low-emission materials and stringent fuel economy standards are also fuelling the growth of this market.
Automotive Interior Material Market is segmented on the basis of the Material, Applications and Vehicle Type. On the basis of materials, market is classified as plastics, metals, fabrics, synthetic leather, leather, composites, and others. Synthetic leathers are further segmented into Polyurethane and Polyurethane. And plastics are classified as polypropylene, acrylonitrile butadiene styrene, polycarbonate, and others. Glass, wood and rubber are the other materials used for interiors. On the basis of application market is categorized as Dashboard, Seats, Airbags & Seat belts, Door panel & trims, Carpet and others. Vehicles are classified as Passenger Vehicles, Light Commercial Vehicles and Heavy Commercial Vehicles.
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In terms of geography market is divided into
• North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o South Africa
o Rest of the LAMEA
Asia Pacific is expected to be the fastest growing market for Automotive Interior Material. India is the fastest growing country in this region for automotive interior material and increased disposable income of individuals is driving the growth in this country.
Major players in this market are
- Toyota Boshoku Corporation
- Yanfeng Automotive Interiors
- Sage Automotive Interiors
- Grupo Antolin
- Draxlmaier Group
- Lear Corporation
- Toyoda Gosei Co. and others.
Technically advanced products is the major competitive factor in this market and New product developments & expansion are the key strategies adopted by the players to strengthen the position in this market.
• Toyota Boshoku planned to invest $387 million in R&D. It is the oldest company in Toyota conglomerate, specialize in automotive interiors.
• Lear Corporation started new facility at Flint, Michigan and initially expected to begin production of seats by April 2018.
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