Pune, June 05, 2021 (GLOBE NEWSWIRE) — Global Automotive Interior Market 2020-2030:
Global “Automotive Interior Market” Research Report 2021 is a comprehensive business study on the current state of the industry, which analyses innovative strategies for business growth and describes important factors such as top manufacturers, production value, key regions, growth rate. The Automotive Interior Market report encloses data about the consumption, share, and future aspects. The report also elaborates on competition along with company profile, latest development trends, and industry chain.
“Final Report will add the analysis of the impact of COVID-19 on this industry.“
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The Global Automotive Interiors Market was valued at USD 215.30 billion in 2019 and is estimated to garner USD 384.60 billion by 2030, at a CAGR of 5.30% during the forecast period, from 2020 and 2030.
Automotive interiors are explicitly designed for providing comfort, grip, and sound insulation to vehicle cabin, with advanced safety features for the driver. Interior of the vehicle cabin consists of infotainment system, body panels, headliners, cockpit modules, door panels, and automotive seats, among others. The interior components play a vital role in enhancing the performance of automotive, gives the vehicle an aesthetic appeal and increases its saleability. Moreover, vehicle interior is the first and foremost factor that influences a buyer’s perception regarding the quality of a vehicle.
The Key Manufacturers in this market include:
- Adient, Calsonic Kansei Corp.
- Faurecia Interior System
- Grupo Antolin
- Hyundai Mobis Company
- IAC Group
- Lear Corporation
- Robert Bosch
- Visteon Corporation
- Yanfeng Automotive Interiors.
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Market Dynamics and Trends:
The growth of the global automotive interior market is attributed to increasing focus on safety of the drivers, inclination towards fuel-efficient light weight models, growing demand for premium vehicles with luxurious automotive interiors, advancements in product technology, and modernizing of automotive infrastructures. Additionally, benefits such as enhanced safety features, advanced global position system (GPS), in-vehicle equipped gadgets, growing use of AI and Internet of Things (IoT) in automotive improves driving experiences by fuelling the overall global automotive interior market growth.
However, high cost of raw materials, growth in trade war, increase in automotive import tariffs, and lack of efficient recycling processes restrict to the automotive interior market. On the otherhand untapped developing markets in emerging economies, growing demand for premium vehicles, adoption of advanced technology by market players, and rising disposable income globally are creating lucrative opportunities in the global automotive interior market.
Market Segmentation and Scope of the Study:
The global automotive interior market is segmented based on component, vehicle type, and geography. On the basis of component, the market is segregated into flooring, cockpit module, door panel, interior lighting, automotive seat, and other. The cockpit module segment it further divided into Infotainment system, instrument cluster, telematics, and others. In terms of vehicle type, the market is bifurcated into passenger car and commercial vehicle. The commercial vehicle segment is sub-segmented into Light Commercial Vehicle (LCV) and Heavy Commercial Vehicle (HCV). Based on geography, the global automotive interior market is classified as North America, Europe, Asia-Pacific, and Rest of World (RoW).
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Automotive Interior Market Segmentation:
Global Automotive Interior Market – By Component
o Cockpit Module
o Door Panel
o Automotive Seat
o Interior Lighting
Global Automotive Interior Market – By Vehicle Type
o Passenger Car
o Commercial Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
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North America is expected to account for the major market share of the global automotive interior market due economic feasibility of premium vehicles, high dependence on automotive for personal transport, and implementation of strict regulatory standards regarding fuel-economy.
The market in Asia-Pacific is estimated to expand at the highest CAGR during the forecast period owing to advancements in in-vehicle infotainment, rise in the demand for passenger vehicles, willingness of consumers to spend on premium interiors, and substantial increase in the number of manufacturing facilities in this region.
With tables and figures helping analyze worldwide Global Automotive Interior market trends, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Detailed TOC of Global Automotive Interior Market @ https://www.industryresearch.biz/TOC/18330231
Global Automotive Interior Materials Market 2020-2030:
Global “Automotive Interior Materials Market” report covers comprehensive data on operation landscape and trend analysis, market drivers, growth opportunities, and segmentation in terms of region. It presents a point-by-point analysis that includes products, applications, and competitor analysis. Automotive Interior Materials market report highlights the latest strategies of top key players that include new product launches, partnerships, joint ventures, and the latest technology. It provides a precise evaluation of market share, size, growth rate, revenue, sales, and value chain analysis.
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The Global Automotive Interior Materials Market was valued at USD 102.19 billion in 2019 and is estimated to garner USD 189.78 billion by 2030, expanding at a CAGR of 5.7% during the forecast period, from 2020 and 2030. In terms of volumetric sale, the market was at 23,270 kilotons in 2019 and is projected to reach 35,058 kilotons by 2030, at a CAGR of 5.7% and 3.7%, from 2020 to 2030.
Automotive interior materials are used specifically for in-vehicle interiors. They improve comfort, safety, and aesthetics of a vehicle. Materials used to design the interiors include plastic, metal, resin, fabric, leather, and composites. These materials are crafted to be lightweight and durable to increase the efficiency, decrease fuel consumption, and influence a buyers’ perception.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The Key Manufacturers in this market include:
- Benecke-Kaliko AG
- BASF SE
- Borgers SE & Co. KGaA
- DK-Schweizer Co., Ltd.
- Dow Chemical Company
- E.I. du Pont de Nemours & Co.
- Eagle Ottawa LLC
- Johnson Controls, Inc.
- Faurecia Automotive GmBh.
- Katzkin Leather, Inc.
- Sage Automotive Interiors, Inc.
- Lear Corporation
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Market Dynamics and Trends:
The growth of the global automotive interior materials market is attributed to existing market trends regarding totally-flexible interiors, rising demand for premium vehicles with luxurious automotive interiors, fully automatic positioning of components, selective air-bags, crash controls to enhance the safety of drivers, and availability of a wide-range of customizable options for the customers. Moreover, high demand for low-emission lightweight automotive interiors, implementation of stringent regulations to increase fuel-economy, increasing disposable incomes at global level, rising customer preferences for leather-lining in vehicle interiors, and inclination of manufacturers towards eco-friendly components to reduce carbon footprints are further boosting the market growth.
However, growth in trade war, increase in automotive import tariffs, lack of efficient recycling processes, and fluctuating prices of raw materials are inhibiting the market. On the other hand, launch of innovative automotive designs, low-cost high sustainability products with increased efficiency, and enhanced quality, and adoption of advanced technology by market players, are creating lucrative opportunities in the market.
Market Segmentations and Scope of the Study:
The global automotive interior materials market is segmented based on type, vehicle, and geography. On the basis of type, the market is segregated into metal, fabric, leather, plastics, composites, and others. The plastics segment is sub-segmented into PP, ABS, PC, and others. The metals segment is further divided into steel, aluminium, and others. The leather segment is bifurcated into genuine and synthetic. The composites segment is classified as GFRP and CFRP. In terms of vehicle, the market is fragmented into passenger and light commercial vehicle (LCV). Based on geography the global automotive interior materials market is split into North America, Europe, Asia-Pacific, and Rest of World (RoW).
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Automotive Interior Materials Market Segmentation:
Global Automotive Interior Materials Market – By Product
Global Automotive Interior Materials Market – By Vehicle
North America is expected to dominate the global automotive interior materials market, due to factors such as increasing GDP in the region and rising demand for electric vehicles.
The market in Asia-Pacific is expected to grow due to rising demand for premium vehicles with luxurious automotive interiors, increasing per-capita disposable income, and growing demand for durable and lightweight materials.
The study objectives of this report are:
- To study and analyze the global Automotive Interior Materials market size (value & volume) by company, key regions/countries, products and application, history data, and forecast to 2030.
- To understand the structure of the Automotive Interior Materials market by identifying its various sub-segments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges, and risks).
- Focuses on the key global Automotive Interior Materials manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Automotive Interior Materials with respect to individual growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of Automotive Interior Materials submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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With tables and figures helping analyze worldwide Global Automotive Interior Materials market trends, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Key Points from TOC:
1.1. Report Description
1.2. Research Methodology
1.2.1 Secondary Research
1.2.2 Data Analysis Framework
1.2.3 Market Size Estimation
1.2.5 Primary Research And Data Validation
2. Market Snapshot, 2019-2030 Million Usd
2.1. Market Snapshot
3. Porter’s Five Force Model Analysis
4. Market Dynamics
4.1. Growth Drivers
10. Company Profiles
Market is changing rapidly with the ongoing expansion of the industry. Advancement in technology has provided today’s businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies a head start in planning and an edge over the competitors. Industry Research is a credible source for gaining the market reports that will provide you with the lead your business needs.