Automotive Interior Material Market Share, Trends and Industry Research Report, 2017 - 2024: Global Market Insights Inc.

Automotive Interior Material Market size is projected to secure gains owing to increasing vehicle production coupled with boosted sales will support the overall market growth. Strong product outlook enhancing the comfort coupled with improvement in vehicle design will further enhance the automotive interior materials market growth.

Appearance, stability to the UV rays, chemicals for durable time, cost of production and post treatment on the raw materials and strength offering stiffness during crash coupled with durability are among few of the major factors influencing the material choice of the product. Higher penetration of product with low emission plastics, metal replacement, weight reduction of overall vehicle and easy processing of the product is expected to fuel the automotive interior material business growth.

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Global automotive interior materials market can be segmented based on vehicles as passenger cars, LCV, HCV and buses and trucks. Passenger cars is expected to dominate the overall segment owing substantial number of production contributing over 75% of overall market share in 2016. Passenger cars production was over 72 million units in 2016 with growth of over 5% from 2015.

The U.S., is expected to witness the stable growth during forecast timeframe owing to increasing technological advancement in product and number of vehicle production in the country. Increasing disposable income with customers focusing on mid segment and luxury cars is expected to positively influence the automotive interior material product penetration.

Europe led by Germany, Italy, UK, France is expected to witness strong growth during forecast time. Recovering vehicle industry is expected to further support the automotive interior material business demand. Moreover, stringent regulations regarding reducing overall vehicle weight of the vehicle owing to usage of light weight product is expected to boost the product demand.

Latin America, is expected to witness robust growth during the forecast period. Mexico is among the major contributor for vehicle production and vehicle components in the region. Free trade agreement supplying to the assembly plants located in the U.S. is expected to boost the industry growth. In addition to this, availability of the resources such as competitive labor cost and growing investment in the vehicle and auto parts will further fuel the automotive interior materials market demand.

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Some of the major players contributing the market share are Lear Corporation, Faurecia S.A., Johnson Controls, Grupo Antolin-Irausa, Seiren Co., Yanfeng Automotive Trim Systems Co., Toyota Boshoku Corporation, Benecke-Kaliko AG, Sage Automotive Interiors Inc., D.K Leather Corporation and GST AutoLeather Inc.

Automotive Interior Material Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, UK, Italy, Russia, China, Japan, India, Thailand, Indonesia, Malaysia, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024

https://www.gminsights.com/industry-analysis/automotive-interior-material-market

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