Press release
Automotive Interior Plastic Components Market: Understanding the Key Product Segments and their Future
Government regulations to control vehicular emission and shifting consumer preferences are some of the factors encouraging OEMs to continue the use of advance plastic material. ‘Inovar Auto’ program by the Federal Government of Brazil is benefiting the automotive industry in the country, which is anticipated to benefit raw material industries, such as automotive plastics. Moreover, advance plastic material is highly preferred by OEMs due to its ease of operation, excellent mouldability and extended warranties as compared to other materials, such as steel and aluminum.
The high cost of advanced plastic material as comparable to aluminum may hinder the global automotive interior plastic component market during the forecast period. There is also competition from other materials, such as high strength steel and aluminum. Steel has the edge when it comes to recycling as plastics are relatively difficult to recycle. Frequent new product launches by OEMs and increasing penetration of advanced technology systems, such as navigation panel, in-vehicle infotainment systems and on-board diagnosis system, are expected to fuel growth of the global automotive interior plastic component market.
Request to Sample of Report @ https://www.persistencemarketresearch.com/samples/18673
Consumer preference is increasingly shifting towards new designs, such as hatchback car with spoilers. Many manufacturers, such as Toyota, General Motors, Volkswagen AG and Daimler Chrysler, have set up their R&D centers in Brazil with the growing interest of expanding their technological capabilities. New raw material plastic products are entering the market, which are green, sustainable, and easy to install and have a long life. For example: advanced plastics, such as bio-based plastic and recycled plastic. These materials are comparatively less aesthetic and are mostly used in the interiors of vehicles.
Plastic is a highly suitable material for use in the automotive industry due to its beneficial properties, such as scratch resistance, high volume to weight resistance, thermal stability and impact resistance. These properties ease the operation for automotive component manufacturers by reducing the cycle time for moulding and assembly time for OEMs. Furthermore, the shifting consumer preference towards passenger cars with an attractive appearance and upgraded aerodynamic shape is pushing manufacturers to use materials, such as advanced plastic, which are easier to mould to a desired shape than other materials.
On the other hand, attributing to the growing demand for fuel efficient vehicles, component manufacturers are continuously innovating lightweight automotive components with advanced plastic material since it helps improve the functionality, appearance and safety of automobiles while delivering superior value to consumers. The use of new and upgraded automotive components, such as navigation panel and rear vehicle infotainment system, is increasing significantly in the premium and mid-range passenger car segments. These components are generally made of advanced plastic materials and the aftermarket for such augmented products is increasing in Brazil with the increasing number of vehicles in operation (personal car and in-transit/cab-services). For instance, BMW’s i3 is an innovative electric car built with a lightweight carbon fiber and advanced plastic material.
It is anticipated that Europe may dominate the global automotive interior plastic components market, owing to the high consumer demand for passenger vehicles. North America, followed by Europe, is expected to show significant growth in the global automotive interior plastic component market. Furthermore, Asia-Pacific, owing to the presence of emerging markets, is pegged to register a high growth rate in the global automotive interior plastic component market. Countries, such as India, Vietnam, Indonesia and China, are anticipated to positively influence the global automotive interior plastic component market. On the other hand, other regions, such as Latin America, are slated to contribute a relatively small market share of the total revenue.
Request Report For TOC @ https://www.persistencemarketresearch.com/toc/18673
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
About Us
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.
Contact
Persistence Market Research Pvt. Ltd
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web:www.persistencemarketresearch.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 Automotive Interior Plastic Components Market: Understanding the Key Product Segments and their Future here
News-ID: 936996 • Views: …
More Releases from Persistence Market Research
Europe Textile Recycling Market to Reach US$ 2,966.5 Mn by 2032: Growth Driven b …
The Europe textile recycling market is undergoing a remarkable transformation as the region embraces sustainability, circular economy practices, and eco-conscious consumer behavior. Textile recycling-once a niche concept-has now become an integral part of Europe's strategy to reduce waste, conserve resources, and promote ethical fashion. Driven by government initiatives, growing awareness of textile waste's environmental impact, and technological innovation, the market is poised for steady growth in the coming years.
According to…
Agricultural Microbial Market to Reach US$ 17.47 Bn by 2032: Growth Driven by Su …
The agricultural microbial market is gaining remarkable traction as global farming practices shift toward sustainability, efficiency, and soil health improvement. Microbials-comprising beneficial bacteria, fungi, viruses, and protozoa-play a vital role in promoting plant growth, enhancing nutrient uptake, and protecting crops from diseases. With the world facing mounting pressure to increase agricultural productivity while minimizing environmental impact, microbial-based products are emerging as essential tools for modern agriculture.
According to the latest study…
Pine-derived Chemicals Market to Reach US$ 8.7 Bn by 2032, Driven by Rising Dema …
The global pine-derived chemicals market is witnessing steady growth as industries increasingly shift toward bio-based, renewable, and sustainable raw materials. Derived from pine trees, these chemicals-such as rosin, turpentine, and tall oil-are used in a variety of industrial and consumer applications, ranging from adhesives and coatings to food, pharmaceuticals, and personal care products. With growing awareness about environmental sustainability and the circular economy, pine-derived chemicals are gaining prominence as natural…
Bio-succinic Acid Market to Reach US$ 415.3 Mn by 2032: Growth Driven by Rising …
The bio-succinic acid market is rapidly emerging as a key component of the global bio-based chemical industry, owing to its versatile applications and sustainable production process. Bio-succinic acid, derived from renewable feedstocks such as sugar, corn, and agricultural waste, serves as a sustainable alternative to petrochemical-based succinic acid. Its eco-friendly nature, combined with rising concerns over carbon emissions and fossil fuel depletion, has made it increasingly popular across multiple industries.
According…
More Releases for OEMs
Power Transistor Market by Application (OEMs, Aftermarket),size, development fac …
Power transistors are generally used to carry or disperse more power than smaller transistors. These transistors are proficient of enhancing the switching performance and efficiency while improving system reliability. It broadly finds its application manufacturing of electronic products automotive, telecommunication, and other sectors due to its power-efficient features.
View Detailed Report: https://www.databridgemarketresearch.com/reports/global-power-transistor-market
The high demand for connected devices is expected to influence the growth of power transistor market over the forecast period of…
Automotive Original Equipment Manufacturer (OEMS) Market - Industry Trends and F …
The Automotive Original Equipment Manufacturer (OEMS) market document offers a thorough examination of the imminent challenges in terms of sales, export/import, and revenue within the market. The analysis delves into market drivers, including factors such as consumer demand and governmental policies, acting as catalysts for consumer purchases, thereby fostering market growth and advancement. This business report not only provides insights into the market and competitive landscape but also serves as…
Emerging Avenues for OEMs Drive Automotive Data Monetization Market Growth
According to a new market research report launched by Inkwood Research, the Global Automotive Data Monetization Market is estimated to progress with a CAGR of 34.48% in terms of revenue, reaching a revenue of $552460.21 million by 2030.
Browse 44 Market Data Tables and 43 Figures spread over 150 Pages, along with an in-depth analysis of the Global Automotive Data Monetization Market by Model, Deployment, Application, & Geography.
Refer to the Report…
Emerging Avenues for OEMs Drive Automotive Data Monetization Market Growth
According to a new market research report launched by Inkwood Research, the Global Automotive Data Monetization Market is estimated to progress with a CAGR of 34.48% in terms of revenue, reaching a revenue of $552460.21 million by 2030.
Browse 44 Market Data Tables and 43 Figures spread over 150 Pages, along with an in-depth analysis of the Global Automotive Data Monetization Market by Model, Deployment, Application, & Geography.
Refer to the Report…
Autonomous Heavy Truck Market Global Solution Providers, Demands, Layout of Chin …
Autonomous heavy truck market research: front runners first going public
Our Autonomous Heavy Truck Industry Report, 2020-2021 carries out research into highway scenario-oriented autonomous heavy truck industry, including OEMs and autonomous driving solution providers inside and outside China.
Several autonomous heavy truck companies try to list their shares for financing.
The surging road freight volume and a widening gap in demand for truck drivers, promote the financing boom of self-driving heavy truck industry,…
Hybrid Additive Manufacturing Machines Market: Rising Awareness among OEMs
The global hybrid additive manufacturing machines market is prophesied in a report by Transparency Market Research (TMR) to find players putting high emphasis on development of new products to boost their brand positioning. This could be evident with the launch of LUMEX Avance-25 by Matsuura Machinery Corporation in 2016. Introduction of new products could also help players to outshine their competitors in the market. Stratasys Ltd., Mazak Corporation, and DMG…
