Press release
Automotive Interior Material Market Is Driven By Growing Penetration Of Electric Vehicles
Variant Market Research
Get Full Access to This Report @ https://www.variantmarketresearch.com/report-categories/automotive/automotive-interior-materials-market
The global automotive interior material market is majorly driven by growing penetration of electric vehicles, technological advancements coupled with high demand for compact, rising demand of natural fiber compounds in vehicle interior, increasing mid-sized cars, growing private equity investments. However, high cost of raw materials such as leather and government restrictions on the usage of leathers may restraints the growth of the market. Safe, lightweight & customized interiors along with flexibility on price would provide growth opportunities for the market during forecast period.
The global automotive interior materials market has been bifurcated into material, application and geography. Material type segment comprises leather, fabric, thermoplastic polymers, vinyl and wood. Application segment includes light commercial vehicle, heavy commercial vehicle, and passenger vehicle. Thermoplastic polymers accounted for the largest market share in 2016, driven by its ability to mold into components of complex geometrics, offer integral fitments leading to easier assembly, and replacing several parts. Passenger vehicles held the highest share with in the automotive interior materials market in the year 2016.
Get Table of Content (TOC) @ https://www.variantmarketresearch.com/report-categories/automotive/automotive-interior-materials-market/toc
North America, Europe, Asia-Pacific and Rest of the World (RoW) are the major regions covered in this report. Asia Pacific is the fastest growing region in the global automotive interior materials market, and is anticipated to continue this trend driven by speedy economic growth, growing population, improving lifestyle, increasing disposable income, and rising demand for small & medium-sized luxury cars. Europe held the largest share of the market followed by North America in the year 2016.
The major key players of automotive interior materials market are Toyota Boshoku Corporation, The Haartz Corporation, Johnson Controls Inc., Faurecia S.A., Sage Automotive Interiors Inc., GST AutoLeather Inc., D.K Leather Corporation, International Textile Group Inc., Auto Trim Inc., Dow Chemical Company, BASF S.E., and Lear Corporation.
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About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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