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    Automotive Interior Materials Market | Covid-19 Impact Analysis

    Automotive Interior Materials Market | Covid-19 Impact Analysis

    Automotive Interior Materials Market | Covid-19 Impact Analysis
    Report code - SRTI173 Delivery - 2 Weeks
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    Automotive Interior Materials Market Size, Share, Trend, Forecast, & Industry Analysis See more...
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    Impact of COVID-19 on Automotive Interior Materials Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Automotive Interior Materials Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Automotive Interior Materials Market Insights

    Automotive Interior Materials Market is likely to witness an impressive CAGR of 5.0% during the forecast period. The major factors such as growing emphasis on overall weight minimization of vehicles for optimizing the efficiency of fuel, growth in automotive industry in emerging regions are expected to be the main factors for increased demand for automotive interiors in the market during the forecast period. Different types of organic and inorganic strategies are adopted by the key players of the market to expand their presence in emerging markets, such as China, India, Thailand, and Brazil.

    Automotive Interior Materials Market - Snapshot

    Growth

    5.0% for the next five years

    Major  Material Type

    Plastics

    Dominant Application Type

    Seats

    Major Vehicle Type

    Passenger Cars

    Faster End-User Type

    Aftermarkets

    Region with the highest demand

    Asia-Pacific

    Key Players

    Arkema, BASF SE, Continental AG, Evonik Industries AG, Hexcel Corporation, RPM International Inc., Saudi Basic Industries Corporation, Stahl Holdings B.V., Toray Industries, Inc., and UFP Technologies.

     

    Market Share Analysis

    Automotive-Interior-Materials-Market-Dominant-Segments

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    Automotive Interior Materials Market Share: By Material Type

    Based on the material type, the market is segmented as plastics, composites, fabrics, leathers, and others. Plastic material is estimated to account for a major part of market share during the forecast period. The growth of the segment is attributed to its favorable abilities and the vast chemical properties of the material. It is one of the most researched materials and has gained mutual adoption in the automotive industry owing to its favorable mechanical features accompanied by excellent aesthetical appearance. Plastics have witnessed high growth rate in the market by being the second-most common class of material used in the manufacturing of vehicles after ferrous metals.

    Automotive Interior Materials Market Share: By Application Type

    Based on the application type, the market is segmented as consoles & dashboards, doors, seats, steering wheels, floor carpets, and others. The seats application is estimated to hold more than 30% market share in the upcoming years. Seats provide ease to the driver for being comfortable in a long drive or in any bad driving condition. A variety of materials are used to manufacture seats as a resultant of various psychological & physiological studies on the perception of human, posture and adjustability, and weight distribution. Furthermore, seat cushions are manufactured with high-performance polyurethane foams along with covering materials such as fabric or leather.

    Automotive Interior Materials Market Share: By Vehicle Type

    Based on the vehicle type, the automotive interior materials market is segmented as passenger cars, lightweight commercial vehicles, and heavy commercial vehicles. Passenger cars are estimated to account for the largest share of the market and witness significant growth rate during the forecast period. Factors such as the initiatives made by the government to decrease the environmental and material pollution, growing demand for individual vehicles in emerging countries, growing requirements for safety and comfortable levels, increasing usage of thermoplastics owing to their recyclability are expected to fuel the growth of the market during the forecast period.

    Automotive Interior Materials Market Share: By End-User Type

    Based on the end-user type, the market is segmented as automotive OEMs and aftermarkets. The aftermarket segment is estimated to be the faster-growing end-user type during the forecast period. The grow is attributed to the large presence of small & large-scale suppliers. Types of components such as floor carpets, steering covers, and replacement seat covers, and also E-commerce platforms are expected to play an important role and contribute to the product demand in the market during the forecast period.

    Automotive Interior Materials Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to account for more than 45% revenue share of the market in the upcoming years, attributed to the growth and development in the regional automotive industry. Factors such as increasing urbanization, healthy economic growth, growing spending power of middle-class populace, supportive initiates made by the government, and the growing demand for passenger cars along with increasing aftermarket activities are expected to fuel the growth of the regional market in the upcoming years. Europe and North-America are also expected to offer substantial growth opportunities during the forecast period.

    Automotive-Interior-Materials-Market-By-Region

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    Some of the major players in the automotive interior materials market are-

    • Arkema
    • BASF SE
    • Continental AG
    • Evonik Industries AG
    • Hexcel Corporation
    • RPM International Inc.
    • Saudi Basic Industries Corporation
    • Stahl Holdings B.V.
    • Toray Industries, Inc.
    • UFP Technologies.

     

    Market Scope & Segmentation

    Automotive interior materials are components that are installed in a vehicle and are designed in a way to improve the esthetic appeal of the vehicle. These decorative automotive interiors are of different types such as polymers, genuine leathers, fabric, synthetic leather, and others, and can be used for the application of dashboards, seats, airbags & seatbelts, and others which can be utilized to improve vehicle cabin ambience and comfort.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Automotive Interior Materials Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The automotive interior materials market is segmented into the following categories. 

    Automotive Interior Materials Market Size, Share, & Forecast, by Material Type:

    • Plastics
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Material Type Analysis: Thermoplastics and Thermosets)
    • Composites
      •  (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Material Type Analysis: Glass Fiber, Carbon Fiber, and Natural Fiber)
    • Fabrics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Leathers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive Interior Materials Market Size, Share, & Forecast, by Application Type:

    • Consoles & Dashboard (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Doors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Seats (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Steering Wheels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Floor Carpets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive Interior Materials Market Size, Share, & Forecast, by Vehicle Type:

    • Passenger Cars (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Light Commercial Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Heavy Commercial Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive Interior Materials Market Size, Share, & Forecast, by End-User Type:

    • Automotive OEMs (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aftermarkets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive Interior Materials Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Automotive-Interior-Materials-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the material types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Automotive Interior Materials Market in the foreseeable future?

    Automotive interior materials market is expected to witness an impressive growth of 5.0% CAGR in the foreseeable future.

    Who are the key players in the Automotive Interior Materials Market?

    Arkema, BASF SE, Continental AG, Evonik Industries AG, Hexcel Corporation, RPM International Inc., Saudi Basic Industries Corporation, Stahl Holdings B.V., Toray Industries, Inc., and UFP Technologies are among the key players in the automotive interior materials market.

    Which vehicle type is expected to account for the largest share of the Automotive Interior Materials Market?

    Passenger cars are expected to account for the largest share of the automotive interior materials market during the next five years.

    What are the major factors driving the growth of Automotive Interior Materials Market?

    Some of the major factors driving the automotive interiors materials market are growing emphasis on overall weight minimization of vehicles for optimizing the efficiency of fuel and growth in automotive industry in emerging regions.

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