Automotive Interior Materials Market - Global Industry Analysis

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Automotive interior materials are a significant part of an automotive, as they enhance the ambiance of a vehicle, offer driving pleasure and maximize the comfort to drivers as well as passengers. These materials are a significant part of an automotive, as they enhance the ambiance of a vehicle, offer driving pleasure and maximize the comfort to drivers as well as passengers. Moreover, they are often light and soft, yet strong to provide protection during road accidents. Efficient interior materials help in reducing the engine vibrations inside the car, minimize fatigue, and provide good cabin insulation. In addition to this, these interiors are meant to offer comfort to the drivers as well as passengers. Earlier, high-grade interiors were only found in luxury vehicles, but these days, even mid-sized cars that are cost-effective feature premium interiors. Thus, manufacturers are discovering various cost-effective technologies related to interior materials for their utilization in mid-sized, budget cars.

Rising demand for the passenger vehicles and its rapid demand across the globe are anticipated to drive the automotive interior materials market in the years ahead. For instance, the global passenger cars production was over 72 million units in 2017, i.e., approximately 5% more than the growth recorded in 2016. Rising demand for premium vehicles interior is further anticipated to boost this market in the years to come. Consumers constantly demand high-grade interior designs with high-class tactile experience even for their economic, mid-sized cars. Furthermore, rapid economic expansion witnessed globally and innovative automotive designs are likely to offer lucrative opportunities to the market players in the forthcoming years.

By product type, the automotive interior materials market is segmented into composites, fabrics, leather, plastics, and metals. Based on the application, the automotive interior materials market is categorized into door panels and trims, dashboard, airbag, and seat belts, carpet and headliners, seats, and others. On the basis of vehicle type, the automotive interior materials market is classified into passenger cars, heavy commercial vehicles, and light commercial vehicles.

In 2017, Asia Pacific held a major automotive interior materials market share in, both in terms of revenue and volume. The region is anticipated to continue its dominance during the forecast timeframe as well, due to the increasing use of automotive interior materials for different vehicle types in emerging countries, such as India and China. This is due to the increasing need to own cars, growing demand for automotive materials in passenger cars, and improving living standards of people.

Some major players operating in the global automotive interior materials market are Bayerische Motoren Werke AG, Stahl Holdings BV, Lear Corporation, Toyota Boshoku Corporation, Technical Textile Services Ltd., ZF Friedrichshafen AG, Faurecia S.A., Delphi Automotive Plc, Grammer AG, Johnson Controls, Grupo Antolin-Irausa SA, DK Leather Corporation Berhad, Henkel Corporation, Celanese Corporation, and Toyoda Gosei Co., Ltd., among others.