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Automotive Interior Materials - Global Market Trajectory & Analytics

  • ID: 4804408
  • Report
  • April 2021
  • Region: Global
  • 281 pages
  • Global Industry Analysts, Inc
Global Automotive Interior Materials Market to Reach $54.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Interior Materials estimated at US$46.8 Billion in the year 2020, is projected to reach a revised size of US$54.3 Billion by 2027, growing at a CAGR of 2.2% over the analysis period 2020-2027. Polymers, one of the segments analyzed in the report, is projected to record a 2.6% CAGR and reach US$20 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Synthetic Leather segment is readjusted to a revised 1.8% CAGR for the next 7-year period.



The U.S. Market is Estimated at $12.7 Billion, While China is Forecast to Grow at 4.2% CAGR

The Automotive Interior Materials market in the U.S. is estimated at US$12.7 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$10.7 Billion by the year 2027 trailing a CAGR of 4.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.4% and 1.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.9% CAGR.

Genuine Leather Segment to Record 2% CAGR

In the global Genuine Leather segment, USA, Canada, Japan, China and Europe will drive the 1.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.3 Billion in the year 2020 will reach a projected size of US$7.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7.3 Billion by the year 2027, while Latin America will expand at a 2.7% CAGR through the analysis period.

Select Competitors (Total 41 Featured):
  • Adient PLC
  • AGM Automotive
  • 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 AG
  • 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.M.B.H.
  • Yanfeng Automotive Interior Systems
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Automotive Interior Materials - An Overview
  • Automotive Fabric: Introduction
  • Latin America and Asia Pacific Experience Robust Market Growth
  • Impact of Covid-19 and a Looming Global Recession
  • Rise in Demand for Passenger Vehicles Fuels the Automotive Interior Materials Market
  • Leather Dominates the Material Market
  • Automotive Soft Trim Interior Material Market: Growth Drivers and Restraints
  • Automotive Interiors Goes Green
  • Growing Demand for Lighter Materials
  • Automotive Seating Material Innovations
  • Innovations in Automotive Interiors
  • Technology Innovations Results in Safe and ComforTable Materials
  • Advanced Polymers Support Lightweight Materials Demand
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 41
Note: Product cover images may vary from those shown
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