Automotive Interior Materials Market – 52% of Growth Will Come from APAC | Increase in passenger car sales thanks to financing flexibility to stimulate the market

Automotive Interior Materials Market: Rising Sales of Passenger Cars on Flexible Financing to Drive Growth
Particularly driving the growth of the automotive interior materials market is the increasing improvement in passenger car sales due to financing flexibility. The automotive sector is constantly changing with the introduction of new products on the market. Vehicle comfort ranks highest among other factors when buying automobiles. Cost, style, features and engine capacity are the other key factors that influence consumers’ buying decision. Moreover, customer satisfaction is intrinsically linked to comfort and safety. With increasing competition among vendors, the requirement for product differentiation through value additions, such as providing better comfort in low-priced cars, will drive the growth of the market. Using tough materials with superior sound dampening properties will also improve automobile safety.

Automotive Interior Materials Market: Fluctuating Raw Material Prices May Hamper Market Growth

Factors such as fluctuating raw material prices can hamper the growth of the market, apart from the fact that the disruption threats are strategic in nature, the operational risks for the vendors have been mapped based on their negative business impact and their probability of occurrence.

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Automotive Interior Materials Market: Segmentation Analysis

This market research report segments the automotive interior materials market by material (plastic polymers, leather, textile fabric and others) and geography (APAC, North America, Europe, South Americaand MEA).

The Plastic Polymers Segment will be important for revenue generation. Plastic polymer materials are of great importance for weight reductions of interior modules. Currently, plastic polymers are the most successful segment of automotive interior materials due to their advantages such as minimal corrosion, ease of manufacturing into any complex shape and in different colors, recyclability and safety and comfort properties. The market growth in this segment will be faster than the market growth in the textile fabrics segment.

The Technavio report provides an accurate prediction of the contribution of all segments to the growth of the Automotive Interior Materials market size.

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Some of the main topics covered in the report include:

Market factors

Market challenges

Market trends

Supplier Landscape

  • Suppliers Covered
  • Ranking of suppliers
  • Positioning on the supplier market
  • Competitive scenario

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Automotive Interior Materials Market Scope

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 4.24%

Market Growth 2021-2025

$26.43 billion

Market structure

Fragmented

Annual growth (%)

3.45

Regional analysis

APAC, North America, Europe, South America and MEA

Successful market contribution

APAC at 52%

Main consumer countries

United States, China, Germany, Japan and South Korea (Republic of Korea)

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Adient Plc, Borealis AG, Covestro AG, Faurecia SE, GRAMMER AG, Grupo Antolin-Irausa SA, Lear Corp., Sage Automotive Interiors Inc., SEIREN Co. Ltd. and Toyota Boshoku Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

About Technavio
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