Automotive Interior Materials Market to Reach US$ 192.1 Bn by the end of 2029
The global automotive interior material market was projected US$ ~98.9 Bn in 2018, and is anticipated to increase at a CAGR of ~6% in the forecast period of 2019-2029, and reach ~192.1 Bn units by the end of 2029. Demand for Fuel-Efficient Magnificence to Push for Automotive Interior Materials
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The automotive industry is onto an elegant mode with consumers focusing on aesthetics along with durability. Also, people prefer lightweight elegance. Generally, polymers are used for highlighting interiors like dashboards, door panels, center consoles, and likewise.
Also, with passenger vehicles witnessing an exponential demand all across the Asia-Pacific and North America, the automotive interior materials market is expected to witness on a stupendous note between 2021 and 2031. Persistence Market Research has captured these details in its report entitled "Automotive Interior Materials Market".
• Faurecia S.A.
• Lear Corporation
• Seiren Co., Ltd.
• Yanfeng Automotive Trim Systems
• Toyota Boshoku Corporation
• Sage Automotive Interiors, Inc.
• Benecke-Kaliko AG
• GST AutoLeather, Inc.
• DK Leather Corporation
• Group-Antolin Irausa, SA
• Mayur Uniquoters Ltd.
• WOLLSDORF LEDER SCHMIDT & Co. G
• Suitable for PLC
• TS Tech Co., Ltd.
• Magna International Inc.
• Tachi-S Co., Ltd.
• Aisin Seiki Co., Ltd.
• Guelph Manufacturing Group
• NHK Spring Co., Ltd.
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The Premium Trend
With technological upgradations with regards to designing and processing techniques and blended polymers, the modern-day plastic interiors are there to give a "premium" feel. It is a known fact that leather, though most durable, is the costliest one and also its trimming and stitching takes much longer (especially as compared to fabric).
As such, artificial (synthetic) leather is used by the automobiles due to cost-efficiency. Amongst the fabrics, wool is preferred due to its versatility (ability of being dyed as well as woven into texture of any sort). Persistence Market Research has made sure to add these premium bits of information in its report mentioned above.
Incorporation of Nanomaterials and antimicrobials
It's interesting to learn that the automotive industry is into incorporation of nanotechnology at different stages for developing interior materials with weight reduction as well as enhanced fuel efficiency. Nanomaterials could, thus, be used in boot carpets, safety belts, seat paddings and coverings, interior panels for pillars and doors, cabin roof, airbags, trimmings, and tire cords.
Textiles having antimicrobial properties are expected to witness an increased demand in the entire automotive industry as they, apart from elimination of unpleasant odors, help in ascertaining hygiene of the car's interior.
It needs to be noted that nanotechnology-based passive approach does use silver (Ag) nanoparticles for being effective against a plethora of bacteria on getting added to textile's surface. These factors are explained in detail by Persistence Market Research.
Vitality of Lightweight Automotive Interior Materials
The OEMs need to abide by governments' regulations regarding carbon emission reduction, vehicle safety, and reduction of weight. EPA has confirmed that fuel economy improves by 1-2% for every 100 pounds taken from vehicle. This could be taken care of by rendering flexibility to upholstery. This calls lighter interior materials as a replacement to plastic. Persistence Market Research has put forth these details and insights pertaining to the same in its report.
How is the automotive interior materials market categorized?
• The global automotive interior materials market, by type of materials, spans genuine leather, fabric, synthetic leather, composite, and thermoplastic.
• By type of vehicle, it's passenger cars (sub-compact, compact, sedan, mid-size, van, and luxury), HCV, and LCV.
• By application, it's carpet and headliners, door panels & trims, seat belts & airbags, dashboard, and likewise.
Amongst these, dashboard holds the largest market share. Use of improved vehicle material is keeping the cash registers ringing. Certain governments have also made seatbelts and airbags mandatory. Persistence Market Research helps in delving deeper herein.
Region-wise Distribution and Scope
North America is expected to go steady on the count of automotive interior materials due to people in the US and Canada resorting to premium options. Plus, the demand for passenger vehicles is here to stay. Europe is expected to stabilize on the similar note.
However, the Asia-pacific is expected to witness grandeur in the automotive interior materials market going forward. This could be reasoned with more number of manufacturers of automotives setting up their plants herein. Persistence Market Research is meant to delve deeper into geography-wise distribution.
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Automotive Interior Materials Market: Key Questions Answered in the Report
• How has the evolution of automotive industry influenced and still influencing global automotive interior materials market?
• What are the latest innovations and developments in automotive interior materials market space that reflect adherence to dynamic customer needs?
• What are the overarching trends influencing growth of global automotive interior materials market?
• Which are the key bottlenecks that the key players of automotive interior materials market need to address?
• Which are the prominent regions with umpteen opportunities for companies operating in the automotive interior materials market?
• What are the differential strategies of leading players that help them retain their standing in the automotive interior materials market space?
Request you to Read More-
Interior Car Accessories Market - https://www.persistencemarketresearch.com/market-research/interior-car-accessories-market.asp
Lightweight Automotive Materials Market - https://www.persistencemarketresearch.com/market-research/lightweight-automotive-materials-market.asp
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