Press release
What’s Happening in Automotive Interior Materials Market 2017-2025 Top Key Players Faurecia S.A. ,Lear Corporation ,Johnson Controls International ,Seiren ,Yanfeng Automotive Trim Systems ,Toyota Boshoku Corporation ,Sage Automotive Interiors ,Benecke-K
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Global Automotive Interior Materials Market: Dynamics
Automotive interior material market growth is influenced by various aspects. Few factors push the growth and few others pose challenges to it. Technological advancements in automotive material, increasing demand for hybrid and electric vehicles, increasing investments offered by a number of private equity firms across the globe, increasing demand for lightweight leather, introduction of aesthetic features in mid-size and compact cars and growing demand for luxury and high performance cars are driving the global automotive interior material market. Also, stringent safety regulations accelerate the market growth as these regulations compel automotive manufacturers to continuously focus on product innovation in order to supply advanced and lightweight products in the market. Trends such as increasing focus on lightweight material, use of smart textiles, high demand for synthetic leather, customization to differentiate product offerings, rising demand for automotive interior leather in passenger cars, rising presence of automotive interior refurbished products, incorporation of green technology and wide range of seat cover design solutions are also supporting the growth of the global automotive interior material market. Challenging aspects such as adverse effect of Brexit and GST (in India), adoption of low cost and inferior substitutes, high tax on chemical products and high import duties pose restraints to the growth of the global automotive interior material market.
Global Automotive Interior Materials Market: Forecast Highlights
The global automotive interior material market is anticipated to show robust growth during the assessment period. The global market was valued at around US$ 94 Bn in 2017 and is estimated to be valued at US$ 145.3 Bn by 2025. This increase in revenue can be attributed towards its high growth rate, as the market is poised to register a CAGR of 5.6% throughout the period of forecast.
Global Automotive Interior Materials Market: Segmental Snapshot
The global automotive interior material market is segmented by vehicle type (passenger cars, HCV, LCV), material type (fabric, genuine leather, synthetic leather, thermoplastic) and region (North America, Latin America, Europe, Asia Pacific and Middle East and Africa).
Thermoplastics segment by material type to grow at the highest growth rate during the forecast period to register a CAGR of 6.5% during 2017-2025. This segment can be inferred to as a high potential segment with a significant market share after fabrics segment
Fabrics segment by material type is estimated to be the largest segment in terms of market value as it reflects an estimation of about US$ 76.8 Bn by 2025, growing at a steady 5.4% CAGR throughout the period of forecast
Asia Pacific region is the most lucrative region for automotive interior material. This regions is expected to grow at the highest rate to reflect a CAGR of 6.1% during 2017-2025 period, to reach a high market evaluation by end of 2025. The growth of automotive material market in APAC region can be attributed to the growing automotive production and adoption of thermoplastics and synthetic leather in this region
Passenger cars segment by vehicle type is expected to dominate the global market and also reflect a high growth rate during the period of assessment 2017-2025
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Passenger cars segment reflects high potential with respect to use of automotive interior materials
By vehicle type, the passenger cars segment witnessed high market share during 2012-2016 period. In 2017 this segment grew 1.2x in revenue share since 2012 and is still showing an upward trend. Anticipation is that the passenger cars segment will dominate the global automotive interior material market by vehicle type to reach an evaluation of about US$ 111.6 Bn in 2025 from US$ 71.5 Bn in 2017 reflecting a 1.5x increase in the value. The passenger cars segment is poised to grow at a higher CAGR of 5.7% throughout the period of assessment to attain this market estimation. This segment has witnessed dominance due to rising demand for interior material to achieve enhanced aesthetics in cars.
LCV and HCV segments to collectively lose 80 BPS
By vehicle type, the LCV and HCV segments are expected to show moderate growth rate during the assessment period of 2025. However, the LCV segment is anticipated to lose 70 BPS and HCV segment is estimated to lose 10 BPS between 2017 and 2025, collectively accounting for one fourth of the total market by 2025 end.
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1. Executive Summary
1.1. Overview
1.2. Market Analysis
1.3. PMR Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
2.3. Parent Market Overview
3. Market Viewpoint
3.1. Macro-Economic Factors
3.2. Opportunity Analysis
4. Global Automotive Interior Materials Market Analysis 2012–2016 and Forecast 2017–2025
4.1. Introduction
4.1.1. Market Volume Projections
4.1.2. Market Size and Y-o-Y Growth
4.1.3. Absolute $ Opportunity
4.2. Pricing Analysis
4.3. Value Chain
5. Forecast Factors: Relevance and Impact
6. Global Automotive Interior Materials Market Analysis 2012–2016 and Forecast 2017–2025 By Vehicle Type
6.1. Introduction
6.2. Historical Market Size (US$ Mn) and Volume Analysis By Vehicle Type, 2012 - 2016
6.3. Current Market Size (US$ Mn) and Volume Forecast By Vehicle Type, 2017 - 2025
6.3.1. Passenger Car
6.3.2. LCV
6.3.3. HCV
6.4. Key Trends / Developments
6.5. Market Attractiveness Analysis By Vehicle Type
7. Global Automotive Interior Materials Market Analysis 2012–2016 and Forecast 2017–2025 By Material Type
7.1. Introduction
7.2. Historical Market Size (US$ Mn) and Volume Analysis By Material Type, 2012 - 2016
7.3. Current Market Size (US$ Mn) and Volume Forecast By Material Type, 2017 - 2025
7.3.1. Fabric
7.3.2. Genuine Leather
7.3.3. Synthetic Leather
7.3.4. Thermoplastic
7.4. Key Trends / Developments
7.5. Market Attractiveness Analysis By Material Type
8. Global Automotive Interior Materials Market Analysis 2012–2016 and Forecast 2017–2025 By Region
8.1. Introduction
8.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2012 - 2016
8.3. Current Market Size (US$ Mn) and Volume Forecast By Region, 2017 - 2025
8.3.1. North America
8.3.2. Latin America
8.3.3. Asia Pacific
8.3.4. Europe
8.3.5. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
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