Global Automotive Interior Materials Market 2018-2023: Dominant Players are Toyota Boshoku, Lear, Toyoda Gosei, Adient, Faurecia, Grupo Antolin, and Sage Automotive Interiors
DUBLIN, Sept. 4, 2018 /PRNewswire/ --
The "Automotive Interior Materials Market by Type (Synthetic Leather (PU & PVC), Genuine Leather, Polymers, Fabric), Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global automotive interior materials market is estimated to be USD 46.63 in 2018 and is projected to grow at a CAGR of 3.5% to reach USD 55.41 billion by 2023.
The increasing demand is attributed to the growing automotive industry in emerging regions. Players in this market are adopting various organic and inorganic strategies to expand their presence in emerging markets, such as India, China, Thailand, and Brazil.
Polymers are the most widely used type of automotive interior materials. Demand is increasing for lightweight and durable interior components. These polymers are used for the manufacture of various interior parts, such as dashboards, center consoles, door panels, etc. Due to strict environmental regulations, automotive companies are focusing on the overall weight reduction of vehicles to minimize carbon emissions, thus driving the demand for polymers in the automotive interiors market.
Passenger vehicles are expected to be the largest vehicle type incorporating automotive interior materials. Increasing demand for individual vehicles in emerging countries, and growing need for safe and comfortable travel are expected to lead to the high demand for passenger vehicles. The growing demand for passenger vehicles globally is expected to drive the demand for automotive interior materials.
APAC is the global forerunner in the automotive interior materials market, in terms of value and volume, and is expected to continue to lead till 2023. Countries in this region, such as China, India, and Thailand are witnessing significant increase in the automotive manufacturing industry. The automotive industry is driving the demand for automotive interior materials. The market in South America is also expected to witness significant growth due to improving economic conditions. Also, various players are expanding their reach to South America. The markets in Europe and North America are mature and are expected to witness comparatively slower growth.
Automotive Interior Materials Market
Though the automotive interior materials market is growing at a decent pace, a few factors are hampering growth. Improper disposal of effluents from the tanning industry is affecting the market for genuine leather, and is a major restraint towards the growth of the automotive interior materials market. Genuine leather is the most expensive material currently in use as automotive upholstery. However, its use in developed markets is stagnating due to the adverse effects of leather processing on the environment.
Toyota Boshoku Corporation (Japan), Lear Corporation (US), Toyoda Gosei Co., Ltd. (Japan), Adient plc (Ireland), Faurecia S.A. (France), Grupo Antolin (Spain), and Sage Automotive Interiors Inc. (US) are the dominant participants in the global automotive interior materials market.
These companies have been adopting various organic and inorganic growth strategies, such as expansions, mergers & acquisitions, partnerships & agreements, and new product developments to enhance their shares in the automotive interior materials market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Automotive Interior Materials Market
4.2 Automotive Interior Materials Market, By Type
4.3 APAC Automotive Interior Materials Market, By Type and Country
4.4 Automotive Interior Materials Market, Emerging vs Mature Markets
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Optimizing Fuel Efficiency By Reducing the Overall Weight of the Vehicle
5.2.1.2 Increased Demand for Customization and Comfort
5.2.1.3 Use of Smart Interior Fabric to Drive the Mature Markets
5.2.2 Restraints
5.2.2.1 Improper Disposal of Effluents From the Tanning Industry Affecting the Genuine Leather Market
5.2.3 Opportunities
5.2.3.1 Automotive Fabrics Incorporating Nanomaterials
5.2.3.2 Adoption of Green Technology in Automotive Leather Manufacturing
5.2.4 Challenges
5.2.4.1 Profitability and Sustainability Within the Regulatory Framework
5.3 Porter's Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Threat of New Entrants
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Indicators
5.4.1 Introduction
6 Automotive Interior Materials Market, By Type
6.1 Introduction
6.2 Polymers
6.3 Genuine Leather
6.4 Fabric
6.5 Synthetic Leather
6.5.1 PU Leather
6.5.2 PVC Leather
6.6 Others
7 Automotive Interior Materials Market, By Vehicle Type
7.1 Introduction
7.2 Passenger Vehicles
7.3 Light Commercial Vehicles (LCV)
7.4 Heavy Commercial Vehicles (HCV)
8 Automotive Interior Materials Market, By Region
8.1 Introduction
8.2 APAC
8.2.1 China
8.2.2 Japan
8.2.3 South Korea
8.2.4 India
8.2.5 Thailand
8.2.6 Rest of APAC
8.3 North America
8.3.1 US
8.3.2 Mexico
8.3.3 Canada
8.4 Western Europe
8.4.1 Germany
8.4.2 Spain
8.4.3 France
8.4.4 UK
8.4.5 Italy
8.4.6 Rest of Western Europe
8.5 Central & Eastern Europe
8.5.1 Turkey
8.5.2 Russia
8.5.3 Rest of Central & Eastern Europe
8.6 South America
8.6.1 Brazil
8.6.2 Argentina
8.6.3 Rest of South America
8.7 Middle East & Africa
8.7.1 Iran
8.7.2 South Africa
8.7.3 Rest of the Middle East & Africa
9 Competitive Landscape
9.1 Introduction
9.2 Market Ranking
9.3 Competitive Scenario
9.3.1 Expansions
9.3.2 Mergers & Acquisitions
9.3.3 New Product Developments
9.3.4 Joint Ventures
9.3.5 Agreements & Partnerships
10 Company Profiles
10.1 Lear Corporation
10.2 Adient PLC
10.3 Toyota Boshoku Corporation
10.4 Faurecia S.A.
10.5 Toyoda Gosei Co., Ltd.
10.6 Sage Automotive Interiors Inc.
10.7 Grupo Antolin
10.8 Yanfeng Automotive Interiors
10.9 Seiren Co., Ltd.
10.10 DK Leather Corporation Berhad
10.11 Additional Company Profiles
10.11.1 Mgna International Inc.
10.11.2 Grammer AG
10.11.3 Calsonic Kansei Corporation
10.11.4 Benecke-Kaliko AG
10.11.5 Katzkin Leather Inc.
10.11.6 SMS Auto Fabrics
10.11.7 Draexlmaier Group
10.11.8 Eissmann Automotive Deutschland GmbH
10.11.9 Boxmark Leather Holding GmbH
10.11.10 Wollsdorf Leder Schmidt & Co. Ges.M.B.H.
10.11.11 Classic Soft Trim, Inc.
10.11.12 Nbhx Trim GmbH
10.11.13 Groclin SA
10.11.14 Elmo Sweden AB
10.11.15 AGM Automotive, LLC
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