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Automotive Interior Materials Market Report
The Automotive Interior Materials Market is Segmented by Material Type (Plastics, Composites, Fabrics, Leathers, and Others), by Application Type (Consoles & Dashboards, Doors, Seats, Steering Wheels, Floor Carpets, and Others), by Vehicle...
Covid-19 has impacted the market dynamics, competition, and global supply chain. 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 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.
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Automotive Interior Materials Market - Snapshot |
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Growth |
5.0% for the next five years |
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Major Material Type |
Plastics |
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Dominant Application Type |
Seats |
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Major Vehicle Type |
Passenger Cars |
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Faster End-User Type |
Aftermarkets |
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Region with the highest demand |
Asia-Pacific |
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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. |
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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.
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.
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.
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.
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.
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Some of the major players in the automotive interior materials market are-
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.
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Automotive Interior Materials Market Research Report - Features |
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Market Segmentation |
5 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The automotive interior materials market is segmented into the following categories.
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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.
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:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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].
Automotive interior materials market is expected to witness an impressive growth of 5.0% CAGR in the foreseeable future.
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.
Passenger cars are expected to account for the largest share of the automotive interior materials market during the next five years.
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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