In-depth analysis of the global automotive interior materials market during the period 2021-2026
Global Automotive Interior Materials Market Expected To Reach $ 79.79 Billion By 2026, Says New Report from Reports and Data
NEW YORK, NY, UNITED STATES, September 23, 2021 /EINPresswire.com/ – The Global automotive interior materials market is expected to reach $ 79.79 billion by 2026, according to a new report from Reports and Data. The market is growing rapidly in the global market due to the high demand for automotive interior materials to ensure high level of comfort and customization. In addition, the increase in the luxury vehicle market is helping the automotive interior market to develop strongly, as the luxury vehicle interiors are the main contributor to the market. The plastics segment held the highest market share of 27.9% in 2018 as the most used interior material in a vehicle due to its optimum durability and strength. In addition, the plastic is very light, which helps to reduce the overall fuel consumption of a vehicle. Metals are now being replaced by plastics in the manufacture of interior products these days.
The Asia-Pacific region is expected to generate the highest revenue of USD 26.65 billion in 2026, due to its extensive market penetration coupled with the growth of manufacturing industries and mainly passenger and freight vehicle customers. in China, Japan and India.
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Interior Product Type Outlook (Revenue, USD Billion; 2016-2026)
Airbags and seat belts
Carpets and floor mats
Vehicle Type Outlook (Revenue, USD Billion; 2016-2026)
Class Outlook (Revenue, USD Billion; 2016-2026)
Interior Material Type Outlook (Revenue, USD Billion; 2016-2026)
Regional Outlook (Revenue, USD Billion; 2016-2026)
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Chapter 1. Market synopsis
1.1. Market definition
1.2. Scope and premise of the research
1.4. Market estimation technique
Chapter 2. Executive summary
2.1. Summary overview, 2018-2026
Chapter 3. Indicative measures
Chapter 4. Automotive Interior Materials Market Segmentation and Impact Analysis
4.1. Materials Segmentation Analysis of Automotive Interior Materials Market
4.2. Industrial outlook
4.2.1. Analysis of market indicators
4.2.2. Market driver analysis
22.214.171.124. Growing demand for comfort and customization in passenger vehicles
126.96.36.199. An impressive number of passenger vehicles on the rise
188.8.131.52. Use of lightweight interior materials
184.108.40.206. Affordability of inexpensive polymers
4.2.3. Analysis of market constraints
220.127.116.11. The increasing price of leathers
18.104.22.168. Regulations against certain polymers and synthetic leathers that are not environmentally friendly
4.3. Technological insights
4.4. Regulatory framework
4.5. ETOP analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive metric space analysis
4.8. Price Trend Analysis …
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Other key findings from the report suggest
The seating segment is expected to gain a CAGR of 5.3% throughout the forecast period and a market share to reach 20.8% by 2026. Passenger vehicles have more seats and freight vehicles are left vacant to have more space for the goods. The structural body panel was primarily made of metals, which are now made from high quality plastics for its less weight.
Passenger vehicles are designed to carry passengers. These vehicles range from single-seater to more than 60 seats. Bicycles, auto-rickshaws, cars, buses are some examples of the passenger vehicle. Passenger vehicles have the fastest growth rate of 5.3% during the forecast.
Commercial vehicles are a kind of generic vehicles intended for a particular end use. For example, vanity vans are designed for celebrities for their dressing, makeup, refreshments and other luxurious utilities. This segment generated sales of 4.89 billion USD in 2018.
Genuine leather has a market share of 11.4% in 2018. This material is mainly used in seats and upholstery lenses.
Plastic is the most widely used material in a vehicle due to its optimum durability and sturdiness. The segment is expected to gain a CAGR of 5.6% during the forecast period.
APAC, due to its larger fleet of motor vehicles and increasing manufacturing industries and automotive consumer base, helps the market grow with the fastest CAGR of 6.2% throughout the forecast period. China, Japan and India are some of the active contributors in this region.
North America is expected to gain 27.5% market ownership by 2026 with a CAGR of 5.2% during the forecast period.
Europe is expected to experience significant growth in the overall market, with 16.2% market ownership by 2026 and a CAGR of 2.3% during the forecast period.
The main participants are Toyota Boshoku Corporation, Sage Automotive Interiors Inc., Lear Corporation, ContiTech AG, Draxlmaier Group, Yanfeng Automotive Interiors, Hyundai Mobis Co. Ltd, TATA Group, SMS Auto Fabrics, Benecke-Kaliko AG.
Key questions answered by the report:
What will the size and growth rate be during the forecast year?
What are the key factors that fuel it?
What are the risks and challenges in front of?
Who are the main suppliers of?
What are the trend factors influencing stocks?
What are the main results of Porter’s five forces model?
What are the overall opportunities to expand the?
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For the purpose of this report, reports and data have segmented the global automotive interior materials market on the basis of interior product type, vehicle type, class, interior material type, and region:
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Automotive Labels Market @ https://www.marketwatch.com/press-release/automotive-labels-market-size-2021-statistics-size-share-regional-analysis-by-key-players-industry-forecast-to-2027-2021- 09-21? Tesla = y
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