openPR Logo
Press release

Global Demand for Automotive Interior Leather market Likely to Grow Steadily During 2016-2026

03-03-2017 01:23 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Global Demand for Automotive Interior Leather market Likely

Leather used in car and vehicle interiors continues to be sourced from the hide produced as a by-product of processed meat. Advanced meat processing techniques and a rise in vegetarianism witnesses across the globe are factoring the dip in production of leather from animal hides & pelts. Leather car interiors are gradually losing their momentum in the global automotive industry as more and more automakers are opting for synthetic fabrics as alternative for leather materials. A recent study conducted by Future Market Insights projects that between 2016 and 2026, global revenues amassed from sales of automotive interior leather will grow steadily, registering a modest CAGR of 5.2%.

Apropos the study, surging preference of global automobile manufacturers to cheap and easily available synthetic fabrics as substitute for leather will continue to be a major growth inhibitor for global automotive interior leather market. Nevertheless, growing preference to synthetic leather will continue to help the market gain a balanced growth over the forecast period. According to Future Market Insights, the global market for automotive interior leather, which is presently valued to be an estimated US$ 25.6 billion, is expected to reach US$ 42.5 billion value by the end of 2026. On the basis of materials, global consumption of synthetic leather over genuine leather will continue to gain traction, accounting for nearly 60% share of global revenues through 2026.

Request Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-1561

Higher Demand for Leather in Upholstery of Vehicle Interiors

According to the study, the presence of leather materials in the interior of an automobile will continue to be majorly concentrated in its upholstery. Consumers and vehicle owners will continue preferring leather for their car interior upholsteries. In 2016, nearly 670,000 thousand square meters of leather in the world was used for automotive interiors. About 30% of this was accounted by upholstery applications, followed by headliners, which procured over US$ 5 billion global revenues in 2016. Likewise, global revenues accounted by sales of automotive interior leather in production of floor & trunk carpet will also incur a healthy growth, increasing steadily at an estimated 5% CAGR over the forecast tenure.

Leather Remains Prevalent in Interiors of Compact & Mid-Sized SUVs

Passenger cars such as SUVs and sedans continue to be the largest end-user vehicle of automotive interior leather. Passenger car manufacturers from around the world will continue to promote the use of leather over other materials. In 2016, more than 500,000 thousand square meters of automotive interior leather was consumed for interiors of passenger cars. Global revenues accrued from sales of leather in manufacturing interiors of compact and mid-size SUV are expected to grow at a healthy CAGR of more than 5% through 2026. On the other hand, revenues accounted by light-weight commercial vehicles (LCVs) and heavy commercial vehicles (HCVs) are anticipated to increase at a sluggish rate.

Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-1561

GST AutoLeather Inc., Leather Resource of America, Inc., and Eagle Ottawa Inc. are US-based manufacturers of automotive interior leather, which are also recognised as industry leaders in the global market. Owing to such companies, North America will continue to hold more than 15% share of the global automotive interior leather market throughout the forecast period. Western Europe is also expected to be observed as dominant region, primarily for the presence of leading automotive interior leather manufacturers such as Scottish Leather Group Limited, WOLLSDORF LEDER SCHMIDT & Co. GmbH, Bader GmbH & Co. KG, BOXMARK Leather GmbH & Co KG, and Elmo Sweden. With more than 35% revenue share and key contribution from Malaysia’s D. K. Leather Corporation, Asia-Pacific excluding Japan (APEJ) region will remain the most-lucrative and largest region in the global market for automotive interior leather.

About Us – Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.

Contact Us:
Future Market Insights
616 Corporate Way,
Suite 2-9018,
Valley Cottage,
New York 10989,
United States
Tel: +1-347-918-3531
Fax: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Demand for Automotive Interior Leather market Likely to Grow Steadily During 2016-2026 here

News-ID: 455743 • Views: 153

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for Leather

Global Leather Market 2018 Key Players: Garrett Leather, Winter Company, Buckski …
Leather Market: WiseGuyReports.com adds “Leather Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting 2025” reports tits database. Executive Summary This report researches the worldwide Leather market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Leather breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends,
Leather Chemicals Market
Leather chemicals are a class of products that are used in the treatment of animal hides for the production of leather. Leather chemicals are required at different stages of leather processing which includes beamhouse, tanning and finishing, fatliquors and water repellents and drum dyeing. Leather is an unmatched material for making accessory products and item. In order to make the leather for long lasting for use and to create an
Genuine Leather 2018 Global Market Key Players – Garrett Leather, Winter Compa …
Genuine Leather Market 2018 Wiseguyreports.Com adds “Genuine Leather Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2023” To Its Research Database. Report Details: This report provides in depth study of “Genuine Leather Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Genuine Leather Market report also provides an in-depth survey of key players in the market which is based on the various objectives
Global Light Leather Market 2017 - Fengan Leather, Guangdong Tannery, SNXON, Xin …
The Global Light Leather Market report encompasses various historic, present, and future market aspects such as its analysis, size, trends, growth, share, and so on. The report bifurcates the global Light Leather market on the basis of several aspects for the purpose of segmentation. To be specific in geographical segmentation, the report has Europe, North America, Asia Pacific, the Middle East & Africa, and Rest of World (RoW) as the
Light Leather Market 2017- Fengan Leather, Guangdong Tannery, SNXON, Xingye Leat …
Apex Research, recently published a detailed market research study focused on the "Light Leather Market" across the global, regional and country level. The report provides 360° analysis of "Light Leather Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Light Leather industry, and estimates the future trend of Light Leather market on
Global Synthetic Leather Sales Market Report 2017
Synthetic Leather Sales Market :Global Industry Analysis, Capacity, Production, Price, Revenue, Size, Share, Growth, Trends, and Forecasts 2017-2022 Synthetic Leather Sales Market:Overview:The Global Synthetic Leather Sales Industry 2017 Market Research Report is an expert and inside and out review on the momentum condition of the Synthetic Leather Sales business. Request Sample Report: https://goo.gl/xjUMGf Right off the bat, the report gives an essential outline of the business including definitions, groupings, applications and industry