Press release
Global Automotive Interior Materials Market is Poised to Reach US$ 145.3 Bn by 2025
The global automotive interior material market is segmented by vehicle type (passenger cars, HCV, LCV), material type (fabric, genuine leather, synthetic leather, thermoplastic) and region (North America, Latin America, Europe, Asia Pacific and Middle East and Africa).
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Thermoplastics segment by material type to grow at the highest growth rate during the forecast period to register a CAGR of 6.5% during 2017-2025. This segment can be inferred to as a high potential segment with a significant market share after fabrics segment
Fabrics segment by material type is estimated to be the largest segment in terms of market value as it reflects an estimation of about US$ 76.8 Bn by 2025, growing at a steady 5.4% CAGR throughout the period of forecast
Asia Pacific region is the most lucrative region for automotive interior material. This regions is expected to grow at the highest rate to reflect a CAGR of 6.1% during 2017-2025 period, to reach a high market evaluation by end of 2025. The growth of automotive material market in APAC region can be attributed to the growing automotive production and adoption of thermoplastics and synthetic leather in this region
Passenger cars segment by vehicle type is expected to dominate the global market and also reflect a high growth rate during the period of assessment 2017-2025
The global automotive interior material market research study includes analysis on key market players such as
Faurecia S.A., Lear Corporation, Johnson Controls International PLC, Seiren Co., Ltd., Yanfeng Automotive Trim Systems Co., Ltd., Toyota Boshoku Corporation, Sage Automotive Interiors, Inc., Benecke-Kaliko AG, GST AutoLeather, Inc., DK Leather Corporation, Grupo-Antolin Irausa, S.A., Mayur Uniquoters Ltd., WOLLSDORF LEDER SCHMIDT & Co. Ges.m.b.H., Adient PLC, TS Tech Co., Ltd., Magna International Inc., Tachi-S Co., Ltd., Aisin Seiki Co., Ltd., Guelph Manufacturing Group and NHK Spring Co., Ltd.
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