Global Automotive Interior Materials Market To Reach $ 53.4 Billion By 2026
FACTS AT A GLANCE
Editing: 5; Posted: April 2021
Executive pool: 1952
Companies: 41 – Actors covered include Adient PLC; AGA Automobile; Benecke-Kaliko AG; BOXMARK Leather GmbH & Co KG; Calsonic Kansei Corporation; Classic Soft Trim, Inc .; Eissmann Automotive Deutschland GmbH; Elmo Sweden AB; Faurecia SA; Fritz Draxlmaier GmbH & Co. KG (Draxlmaier Group); Grammer SA; Groclin SA; Grupo Antolin-Irausa SA; Katzkin Leather, Inc .; Lear Corporation; Magna International Inc .; Nbhx Trim GmbH; Sage Automotive Interiors, Inc .; Seiren Co., Ltd .; SMS Auto Fabrics; Toyoda Gosei Co., Ltd .; Toyota Boshoku Corporation; Wollsdorf Leder Schmidt & Co. Ges.MBH; Yanfeng Automotive Interior Systems and others.
Blanket: All major geographies and key segments
Segments: Type (polymers, synthetic leather, genuine leather, fabric, other types); Vehicle type (passenger cars, commercial vehicles)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
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Global Automotive Interior Materials Market To Reach $ 53.4 billion by 2026
In the midst of the COVID-19 crisis, the global automotive interior materials market is estimated at US $ 46.8 billion in 2020, is expected to reach a revised size of US $ 53.4 billion by 2026, with a CAGR of 2.2% over the analysis period. Polymers, one of the segments analyzed in the report, is expected to register a CAGR of 2.6% and reach US $ 20 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the Synthetic Leather segment growth is readjusted to a revised CAGR of 1.8% for the next 7 year period.
The US market is estimated at $ 12.9 billion in 2021, when China is expected to reach $ 10.3 billion by 2026
The automotive interior materials market in the United States is estimated at US $ 12.9 billion in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 10.3 billion by 2026, with a CAGR of 4.2% over the analysis period. Other notable geographic markets include Japan and Canada, each forecasts growth of 0.4% and 1.6% respectively over the analysis period. In Europe, Germany is expected to grow at around 0.9% CAGR.
Genuine leather segment to reach US $ 9.5 billion by 2026
In the global genuine leather segment, United States, Canada, Japan, China and Europe will lead to the estimated 1.6% CAGR for this segment. These regional markets representing a combined market size of US $ 6.3 billion in 2020 will reach a projected size of 7.1 billion US dollars before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Following
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