Business Description
Global automotive interior materials market was valued US$ 46.90 Bn in 2017 and is expected to reach 60.20 Bn by 2026, at a CAGR of 3.73 % during a forecast period.Global automotive interior materials marketAutomotive interior materials are resources, which are consumed inside the cabin of an automotive like plastics, metals, and composites. Increasing demand for the electrical vehicle, rising consumer spending levels & changing life style habits, and advancements in technologies in automotive industry are driving the automotive interior materials market growth. Additionally, increasing adoption for lightweight materials is also boosting the global automotive interior materials market growth.
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Furthermore, plastic material is widely used in the interior materials. Recyclability issues of plastics, strict regulations are the limiting the automotive interior materials market growth.The integration of green technology and nanotechnology in automotive industry is projected to be the key growth opportunity for automotive interior materials market . The usage of environment-friendly leather, green chemistry in tanning proces are some of the potential factors , which increasing the demand of genuine leather.Polymers are the extensively used type of automotive interior materials. Consumer preference towards the lightweight and durable interior components are expected to increase the demand for polymers. With rising concerns about the environment and global warming, legislative constraints have become more stringent. For reducing vehicles’ CO2 emissions automotive key players are focusing on the overall weight. These are the factors, which are increasing demand for polymers in the global automotive interiors market.Dashboard segement is expected to doaminate global automotive interior materials market. The dominance position in the market can be attibuted to the development in vehicle dashboards and their material. These material has a significant impact on the automotive industry . The dashboards are now projected to be environment-friendly and free from harmful materials. With the utilizes new technology, design, and material, the production of the dashboard is expected to propel automotive interior materials market growth.The passenger cars segment is expected to lead the market during the forecast period.The passenger cars are the widely popular vehicle type acaross the globe. Growing need to own cars, increasing preference for automotive interior materials in cars, and civilizing living standards of people are expected to contribute passenger cars segment growth. Additionally, the increasing need for safe commuting and comfort is increasing and demand for passenger cars is projected to grow during the forecast period.Asia Pacific is estimated to hold significant growth in the global automotive interior materials market. The growth in the market is attributed to the presence of the prominent automotive kry players. Growing use of automotive interior materials for different vehicle types in emerging countries like India and China are expected to drive the automotive interior materials market in this region. Consumption of automotive interior materials is expected to increase in this region owing to increasing population, development in the automotive industry, and steady economic growth. Considerable development in composite and plastic components is expected to boost the automotive interior materials market growth in this region.The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments by type, vehicle type, application and region and, project the global automotive interior materials market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global automotive interior materials market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
Scope of the Report for Global Automotive Interior Materials Market
Global Automotive Interior Materials Market, By Type
• Polymers• Genuine Leather• Fabric• Synthetic Leathero PUo PVC• Others
Global Automotive Interior Materials Market, By Vehicle Type
• Passenger Cars• Light Commercial Vehicles• Heavy Commercial Vehicles
Global Automotive Interior Materials Market, By Application
• Dashboard• Seats• Airbags & Seat belts• Door panel & trims• Carpet and headliners• Others
Global Automotive Interior Materials Market, By Geography
• North America• Europe• Asia Pacific• Middle East & Africa
About Company Info –
Maximize Market Research provides B2B and B2C research on20,000 high growth emerging opportunities & technologies as well as threatsto the companies across the Healthcare, Pharmaceuticals, Electronics &Communications, Internet of Things, Food and Beverages, Aerospace and Defenseand other manufacturing sectors
Report Published by: Maximize Market Research
