Dublin, Sept. 17, 2018 (GLOBE NEWSWIRE) -- The "Automotive Interior Materials Market by Type (Synthetic Leather (PU & PVC), Genuine Leather, Polymers, Fabric), Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global automotive interior materials market is estimated to be USD 46.63 in 2018 and is projected to register a CAGR of 3.5% between 2018 and 2023 to reach USD 55.41 billion by 2023.
Increasing demand from the automotive industry in emerging regions is the major driver for the automotive interior materials market. The global automotive interior materials industry is expected to grow due to the increasing demand in economies, such as India, China, Africa, Mexico, US, Germany, Brazil, and others. The use of genuine leather in automotive interiors is a major concern with respect to environmental regulations.
Polymers are the largest as well as fastest-growing type in the automotive interior materials market. Polymers are largely used in the manufacture of lightweight automotive interior components. Some of the high-performance polymers used in automotive interiors are PP, PU, PVC, and others. These polymers are lightweight and help in making vehicles more fuel efficient. Increasing need for fuel efficiency and demand for attractive and durable interiors are driving the automotive interior polymers market.
APAC is the largest market for automotive interior materials globally, with China being the dominant market in this region, which is attributed to the rapid economic expansion. Rapid development in the automotive industry is also driven by the rising demand due to high living standards and higher economic growth in this region. North America is projected to be the second largest market for automotive interior materials. The high standards of living in the US and increasing R&D activities in the region for the development of innovative interior materials are driving the demand for automotive interior materials.
Toyota Boshoku Corporation (Japan), Lear Corporation (US), Toyoda Gosei Co., Ltd. (Japan), Adient plc (Ireland), Faurecia S.A. (France), Grupo Antolin (Spain), and Sage Automotive Interiors Inc. (US) are the dominant participants in the global automotive interior materials market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Automotive Interior Materials Market
4.2 Automotive Interior Materials Market, By Type
4.3 APAC Automotive Interior Materials Market, By Type and Country
4.4 Automotive Interior Materials Market, Emerging vs Mature Markets
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Optimizing Fuel Efficiency By Reducing the Overall Weight of the Vehicle
5.2.1.2 Increased Demand for Customization and Comfort
5.2.1.3 Use of Smart Interior Fabric to Drive the Mature Markets
5.2.2 Restraints
5.2.2.1 Improper Disposal of Effluents From the Tanning Industry Affecting the Genuine Leather Market
5.2.3 Opportunities
5.2.3.1 Automotive Fabrics Incorporating Nanomaterials
5.2.3.2 Adoption of Green Technology in Automotive Leather Manufacturing
5.2.4 Challenges
5.2.4.1 Profitability and Sustainability Within the Regulatory Framework
5.3 Porter's Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Threat of New Entrants
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Indicators
5.4.1 Introduction
6 Automotive Interior Materials Market, By Type
6.1 Introduction
6.2 Polymers
6.3 Genuine Leather
6.4 Fabric
6.5 Synthetic Leather
6.5.1 PU Leather
6.5.2 PVC Leather
6.6 Others
7 Automotive Interior Materials Market, By Vehicle Type
7.1 Introduction
7.2 Passenger Vehicles
7.3 Light Commercial Vehicles (LCV)
7.4 Heavy Commercial Vehicles (HCV)
8 Automotive Interior Materials Market, By Region
9 Competitive Landscape
9.1 Introduction
9.2 Market Ranking
9.3 Competitive Scenario
9.3.1 Expansions
9.3.2 Mergers & Acquisitions
9.3.3 New Product Developments
9.3.4 Joint Ventures
9.3.5 Agreements & Partnerships
10 Company Profiles
- Lear Corporation
- Adient PLC
- Toyota Boshoku Corporation
- Faurecia S.A.
- Toyoda Gosei Co., Ltd.
- Sage Automotive Interiors Inc.
- Grupo Antolin
- Yanfeng Automotive Interiors
- Seiren Co., Ltd.
- DK Leather Corporation Berhad
- Mgna International Inc.
- Grammer AG
- Calsonic Kansei Corporation
- Benecke-Kaliko AG
- Katzkin Leather Inc.
- SMS Auto Fabrics
- Draexlmaier Group
- Eissmann Automotive Deutschland GmbH
- Boxmark Leather Holding GmbH
- Wollsdorf Leder Schmidt & Co. Ges.M.B.H.
- Classic Soft Trim, Inc.
- Nbhx Trim GmbH
- Groclin SA
- Elmo Sweden AB
- AGM Automotive, LLC
For more information about this report visit https://www.researchandmarkets.com/research/jhjt8k/global_55_4_bn?w=12