The GMI Research’s latest analysis reveals that the Automotive Interior Surface Materials Market is slated to register a significant CAGR over the coming years. This is attributed to the growing use of smart interior fabrics, the strong demand for customization and comfort, and the rapid development in the automotive sector.
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Automotive Interior Surface Materials Market’s leading Manufacturers:
- Lear Corporation
- Adient plc
- Toyota Boshoku Corporation
- Faurecia S.A.
- Toyoda Gosei Co., Ltd.
- Sage Automotive Interiors Inc.
- Grupo Antolin
- Yanfeng Automotive Interiors
- Seiren Co., Ltd.
- DK Leather Corporation Berhad
Automotive Interior Surface Materials Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
The growing use of smart interior fabrics, the strong demand for customization and comfort, and the rapid development in the automotive sector are the key drivers contributing to the growth of the global automotive interior surface materials market size. The increasing number of passenger cars globally, followed by the drastic change in consumers’ lifestyle, will further fuel the demand for the market. Furthermore, the high adoption of nanomaterial in automotive fabrics and the rising introduction of green technology in automotive leather manufacturing are some other factors surging the growth of the automotive interior surface materials market in the coming years. Technological development in the production process driven by decreased cost of production of automotive interior surface material is further attracting many customers towards the market. On the other hand, the erroneous disposal of effluents is affecting the leather market is one of the factors hindering the growth of the automotive interior surface materials market.
Type Segment Drivers
Based on the type, the polymer is projected to rise at a higher CAGR over the forecast period as it is a largely used material in the automotive interior surface in comparison to other type material owing to its remarkable advantages. The strong adoption of polymer in the automotive interior as a result of its capability to reduce the weight of a vehicle and boost fuel efficiency is driving the market growth.
Vehicle Type Segment Drivers
Based on the vehicle type, the passenger vehicle is predicted to increase at a faster CAGR in the coming years due to the rising demand for a passenger vehicle, drastically changing living standards of consumers, enhancing economic conditions, and growing per capita income worldwide.
Regional Drivers
Based on the region, Asia-pacific is expected to witness a higher CAGR in the upcoming years due to the strong demand for commercial and personal cars owing to the rising population. Additionally, the high demand for fuel-efficient automotive is also increasing the demand for lightweight automotive interior surface materials.
Automotive Interior Surface Materials Market Segmentation:
Segmentation by Type:
- Polymers
- Genuine Leather
- Fabric
- Synthetic Leather
- PU Leather
- PVC Leather
- Others
Segmentation by Vehicle Type:
- Passenger Vehicles
- Light Commercial Vehicles (LCV)
- Heavy Commercial Vehicles (HCV)
Segmentation by Application:
- Dashboard
- Seats
- Airbag & Seat Belts
- Door Panels & Trims
- Carpets & Headliners
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is one of the leading market research and consulting company that offers consulting services, syndicated research reports, and customized market research reports. We help our client to make informed business decisions and provide market intelligence studies related to the various industries such as automotive, energy, healthcare, chemicals, technology, and other sectors. Our research teams include seasoned analysts and researchers have hands-on experience in every regions, including Asia-pacific, Europe, North America, and the Rest of the World. Our market research report provides in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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