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Table of Contents
Automotive interior materials improves ambience of a vehicle. Thus, automotive interior materials are not only designed to offer maximum comfort but also provide riding pleasure to the end-user of an automobile. These materials also help to reduce fatigue and engine vibrations, and some of them are also good cabin insulators. Automobile interior materials are widely used in all kinds of passenger vehicles including MCVs, HCVs, buses, and coaches. Automotive interior materials gives feel good factor to costumer and also raises brand value of company.
Increasing vehicle production with rising income levels, increasing consumer spending levels with changing life style habits, growing automotive industry, increasing consumer demand for customized and technologically advanced vehicle interiors and huge demand for lightweight materials are some of the major driving factors for growth of this market. Raising demand for personalization of passenger cars with attractive interiors due to improved standards of living is expected to drive the market. However, recyclability issues with stringent government regulations regarding environmental issues such as safe disposable of effluents released by automotive interior manufacturers are restraints for growth of this market.
APAC is the largest market share holder in automotive interior materials market and is expected to grow at the highest CAGR of nearly 6%during forecast period owing to high vehicle production, improvement in the economic conditions, and increasing investment by the industry players within the APAC region. North America and Europe are projected to register substantial market revenue due to presence of large number of passenger vehicles; higher adoption of innovative products assists the North America region growth. In, the passenger cars segment is projected to show the highest growth rate throughout the forecast period and to hold about 80% of the market value during the period.
Automotive Interiors Material Market : Product Type
Automotive Interiors Material Market : Application
Global Automotive Interiors Material Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Global Automotive Interiors Material Market:
Geographical analysis of Automotive Interiors Material Market :
Global Automotive Interiors Material Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 101779.39 million |
Forecast Value (2031) |
USD 187254.85 million |
CAGR (2025-2030) |
9.1 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Automotive Interiors Material Market was valued at around USD 101779.39 million in 2023 & estimated to reach USD 187254.85 million by 2030.
Automotive Interiors Material Market is likely to grow at Compound Annual Growth Rate (CAGR) of 9.1% between 2024 to 2030.
Automotive Interiors Material Market? is dominated by the Passenger Car segment and the Asia-Pacific region holds the highest market share in 2023.
Some of the top key players in the Automotive Interiors Material Market? are Borgers, DK Schweizer, Faurecia, Lear Corporation, Sage, BASF, DuPont, Dow Chemical, Eagle Ottawa, Katzkin.
Primary driving factors for the growth of the Automotive Interiors Material Market? include Increasing vehicle production with rising income levels, increasing consumer spending levels with changing life style habits, growing automotive industry, increasing consumer demand for customized and technologically advanced vehicle interiors.
Yes, the report includes COVID 19 impact on the market.
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