Automotive Interior Materials Market Anticipated to Reach USD 132.82 Billion

New York City, 18 January 2019: The Report "Automotive Interior Materials Market [By Material Type (Fabric, Leather, Thermoplastic Polymers, Synthetic Leather and Others); By Application (Dashboard, Seating, Airbag, Seat Belt, Door Panel, Interior Trim, Headliner and Others); By Vehicle Type (Passenger Vehicle, Light Commercial Vehicle and Medium & Heavy Commercial Vehicle); By Regions]: Market size & Forecast, 2018 – 2026" The global automotive interior materials market is anticipated to reach USD 132.82 billion by 2026 according to a new study published by Polaris Market Research. 

Global automotive interior material industry is expected to grow significantly over the forecast period from 2018 to 2026 owing to numerous advancements that is driven by a strong rebound in worldwide weight saving and aesthetic appearance primarily in Western Europe, North America and Asia Pacific are projected to augment demand for light weight interior material. Demand from passenger car segment will also grow at a higher pace in comparison to its counterparts that will benefit from an improved weight shaving and aesthetic appeal.

Browse Research Report On Automotive Interior Materials Market

Automotive interior materials are directly related with the vehicle manufacturing status. Thus, the market’s directions are meticulously reliant on production and demand of vehicles. Moreover, the automotive interior materials market is also governed by government regulations and rules, exclusively for the genuine leather industry; availability and pricing of automotive interior materials. Rise in disposable income has also led towards the rise in demand for vehicle in emerging countries such as Brazil, China and India are supporting the demand for automotive interior materials. Intramural substitution for several materials is expected to take place in the automotive interior materials market. For example, synthetic PU, fabrics or PVC leather are generally used as a substitute for genuine leather material. Increasing emphasis on interior compartments of a vehicle and taken on priority by OEMs as well as customers.

On the basis of regions, the automotive interior material is segmented into North America, Asia Pacific, Europe and Middle East & Africa. Asia Pacific being the largest manufacturer of automotive vehicle special passenger cars, is expected to hold the lion’s share of the automotive interior materials market. Rising disposable income among the population of Asia Pacific is further going to raise the demand for premium materials such as composites, alloys and genuine leather. Europe is the next largest share hold in the automotive interior material market. Amongst Europe, Western Europe is expected to hold the prime share in the market. North America with its slow growth rate in vehicle production is expected to show a neutral growth rate in the automotive interior material market.

Segment Analysis:

The global automotive interior material market has been segmented based on material type, application and vehicle type. The material type segment is further divided into fabric, thermoplastic polymers, leather, synthetic leather and others. The application segment is further segmented into dashboard, seating, seat belt, airbag, door panel, interior trim, headliner and others. The vehicle type segment of the automotive interior materials market is further branched into passenger cars, light commercial vehicles and medium & heavy commercial vehicles. Due to the sheer volume of passenger cars produced, the market for passenger cars held the largest market share in terms of revenue in the automotive interior material market by vehicle type segment.

Access press release of Automotive Interior Materials Market

Some of leading industry participants include Fauracia SA, Lear Corporation, Toyota Boshoku Corporatio, Borgers SE & Co, DK Leather Corporation Berhad, Johnson Controls, Grupo Antolin, Takata Corporation, Yanfeng Automotive Interiors, Magna International, Hyundai Mobis Co and Calsonic Kensei Corporation among others.

About Polaris Market Research:

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

For more information: https://www.polarismarketresearch.com/