Competitive analyzes of the automotive interior materials market
The global automotive interior materials market size was valued at USD 102.19 billion with volumetric sales of 23,270 kilotons in 2019, and is expected to reach USD 189.78 billion with booming sales of 35,058 kilotons of by 2030, with a respective CAGR of 5.7% and 3.7% from 2020-2030.
Automotive interior materials are specially designed automotive supplies designed to fit vehicle interiors, thereby providing immense level of comfort, enhanced safety functions and attractive appearance for automobiles. The materials used to design the interiors are mainly plastic, metal, fabric, leather, composites and others. These materials are designed to be lightweight and durable in order to increase efficiency, reduce fuel consumption, and influence buyer’s perception with its aesthetics.
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Main companies: Benecke-Kaliko AG, BASF SE, Borgers SE & Co. KGaA, DK-Schweizer Co., Ltd., Dow Chemical Company, EI du Pont de Nemours & Co., Eagle Ottawa LLC, Johnson Controls, Inc., Faurecia Automotive GmBh., Katzkin Leather, Inc., Sage Automotive Interiors, Inc. and others.
The analysis of the global automotive interior materials market share is based on type, vehicle and geography. Based on type, the market is segmented into metal, fabric, leather, plastics, composites, and others. Plastics are sub-segmented into PP, ABS, PC and others. The metals are then further divided into steel, aluminum and others. Leather is further sub-segmented into genuine and synthetic. Composites are further classified into GFRP and CFRP. Based on vehicle, the market is divided into passenger and LCV. The geographic breakdown and analysis for each of the previously mentioned segments include regions including North America, Europe, Asia Pacific, and Rest of the World.
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North America is expected to dominate the global automotive interior materials market, accounting for the highest market shares. This is attributable to factors such as the rapid growth of GDP and the high employment rate in this region. Moreover, the increasing demand for electric vehicles is expected to drive the growth of the automotive interior materials market throughout the forecast period. Asia-Pacific is expected to show rapid growth with constant development of market share due to increasing demand for premium segment vehicles with luxurious auto interiors. In addition, the rapid increase in disposable income per capita coupled with increased demand for durable and lightweight materials is also expected to support the growth of automotive interior materials market.
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