Press release
Motor Vehicle Seating and Interior Trim Market Size, Emerging Trends, Growth Rate, Business Opportunities And Forecast To 2033
Motor Vehicle Seating and Interior Trim Market
Motor Vehicle Seating and Interior Trim Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $327.6 billion In 2028 At A CAGR Of 9.2% :
The motor vehicle seating and interior trim market size has grown strongly in recent years. It will grow from $210.93 billion in 2023 to $230.53 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to rise of the automobile industry, mass production and standardization, consumer demand for comfort, safety regulations, .
The motor vehicle seating and interior trim market size is expected to see strong growth in the next few years. It will grow to $327.6 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to electric and autonomous vehicles, connectivity and infotainment, sustainability and eco-friendliness, user experience and comfort, personalization and customization. Major trends in the forecast period include lightweight materials, smart and adaptive interiors, sustainable materials, advanced infotainment and connectivity, advanced seating designs.
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Motor Vehicle Seating and Interior Trim Market Major Segments
The motor vehicle seating and interior trim market covered in this report is segmented -
1) By Type: Motor Vehicle Seating, Motor Vehicle Interior Trim
2) By Trim Material: Genuine Leather, Synthetic Leather, Fabrics, Polyurathane Foam
3) By Vehicle: Passenger Vehicle, Commercial Vehicle
Key Driver - Suv Popularity Fuels Growth In Motor Vehicle Seating And Interior Trim Market
The motor vehicle seat and the interior trim market are driven by the increasing popularity of sport utility vehicle (SUV) cars. SUV cars are preferred owing to their comfortable seating and exquisite interior trim. The demand for SUVs and other luxurious cars increases the demand for improved and more aesthetically appealing vehicle seating and interior trim. From April 2020 to March 2021, for the first time, utility vehicle sales in India crossed a million, or 10 lakh units. According to a November 2021, Hyundai delivered more than 12,284 units of its brand-unique SUV, Creta, up by 78% from the 6,900 sales figure of 2020. The increase in demand for SUVs around the world positively impacts the growth of the vehicle seating and interior trim market.
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Prominent Trend - Eco-Friendly Innovations Shape The Motor Vehicle Seating And Interior Trim Market
The companies in the motor vehicle seating and interior trim market are investing in the use of sustainable materials for car interior trim. To attract buyers inclined towards using eco-friendly ways of living, the manufacturers are using sustainable options for car interior trim parts. For instance, Land Rover earlier introduced its new line of leather-free and fully vegan materials that are used in interior trim for its 2020 Range Rover Evoque, Range Rover Velar, and Jaguar I-Pace SUVs. Land Rover's Evoque is equipped with a eucalyptus melange premium textile, produced from eucalyptus fibres using less water. It also uses a premium textile from Kvadrat, made with 53 recycled plastic bottles per car, and is combined with Dinamica Miko suede cloth.
Motor Vehicle Seating and Interior Trim Market Players
Major companies operating in the motor vehicle seating and interior trim market include ContiTech AG, Magna International Inc., Hyundai Mobis Co. Ltd., Faurecia S.A., Tata Group, Toyoda Gosei Co. Ltd., Adient plc (formerly Johnson Controls International plc), Constellium SE, Aunde Group SE, International Textile Group Inc., Lear Corporation, Sage Automotive Interiors Inc., Delphi Technologies LLC, International Automotive Components Group North America LLC, Katzkin Leather Inc., Hyosung Corporation, Woodbridge Holdings Inc., Futuris Automotive Inc., Air Cruisers Company LLC, Technotrim Inc., Transportation Technologies Industries Inc., Yanfeng US Automotive Interior Systems I LLC, Nishikawa Rubber Co. Ltd., Dura Automotive Systems LLC, SaarGummi Group GmbH, Qinghe Huifeng Auto Fittings Co. Ltd., Wuhan Mingfeng Automotive Parts Co. Ltd., GST AutoLeather Inc.
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the motor vehicle seating and interior trim market in 2023. Western Europe was the second largest region in the motor vehicle seating and interior trim market. The regions covered in the motor vehicle seating and interior trim market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Motor Vehicle Seating and Interior Trim Market Report Structure
3. Motor Vehicle Seating and Interior Trim Market Trends And Strategies
4. Motor Vehicle Seating and Interior Trim Market - Macro Economic Scenario
5. Motor Vehicle Seating and Interior Trim Market Size And Growth
…..
27. Motor Vehicle Seating and Interior Trim Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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