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 |
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Report cover |
Details |
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Page number |
120 |
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Year of reference |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum and CAGR |
Accelerate at a CAGR of 4.24% |
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Market Growth 2021-2025 |
$26.43 billion |
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Market structure |
Fragmented |
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Annual growth (%) |
3.45 |
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Regional analysis |
APAC, North America, Europe, South America and MEA |
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Successful market contribution |
APAC at 52% |
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Main consumer countries |
United States, China, Germany, Japan and South Korea (Republic of Korea) |
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Competitive landscape |
Leading companies, competitive strategies, scope of consumer engagement |
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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. |
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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, |
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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
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.
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