Automotive Interior Materials Market Future Scope, Price Structure, Industry Share and Forecast to 2026 by Fortune Busin

Top companies covered are Freudenberg Performance Materials , SEIREN Co., Ltd , Yanfeng Automotive Interiors , Sage Automotive Interiors ,TOYOTA BOSHOKU CORPORATION , Faurecia, Lear Corporation , Freudenberg Performance Materials , DK-Schweizer , Stahl Holdings B.V. , Grupo Antolin , DuPo

The global automotive interior materials market   size is anticipated to reach USD66.38 billion by 2026,on account of the increasing production of automobiles worldwide. Automotive interior is the most crucial feature of an automobile that catches the user’s attention. Therefore, it is extremely essential to ensure it meets all safety and maintenance demands of the consumer. A recently published report by Fortune Business Insights™ titled, “Automotive Interior Materials Market Size, Share Industry Analysis, By Material (Plastics, Fabrics, Composites, Leather {Synthetic and Natural}, and Others), By Application (Dashboard, Seats, Airbags Seat belts, Door panel trims, Carpet and headliners, and Others), and Regional Forecast, 2019-2026” offers a detailed analysis of the market and its prime growth parameters. According to the report, the market stood at USD 51.09 billion in 2018 and will rise at a CAGR of 3.84% between 2019 to 2026.

 

 

Objectives of the Report

  • 360-degree overview of the automotive interior materials market
  • Growth parameters such as drivers, restraints, challenges, opportunities that lies ahead of the market
  • Table of segmentation and competitive landscape in details
  • List of prominent players and their key strategies for maintaining the lion’s share in the market
  • Current automotive interior materials market trends

Market Drivers

Increasing Popularity of Electric Vehicles to Boost Market

 

The rise in modernization and urbanization, coupled with the rise in living standards and the increase in disposable incomes have increased the number of automobile owners worldwide. This ultimately propelled the growth of the automobile industry. Keeping in mind the rising number of vehicular accidents worldwide, manufacturers invested heavy amount into developing the interiors of automobiles. This stands as a major automotive interior materials market growth driver. Additionally, the advent of electric vehicles, and lightweight vehicles have also propelled growth of the market attributed to the high amount of plastic used in them. This, accompanied by government restrictions on promotion of cleaner technology are expected to aid in expansion of the market in the forecast duration.

 

Regional Segmentation:

Asia Pacific will Dominate Market Owing to Increasing Adoption of Electric Vehicles

 

Geographically, the global automotive interior materials market is categorized into the regions of North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these, Asia Pacific is holding the dominant automotive interior materials market share on account of rapid expansion of the market in countries such as China, South Korea, Thailand, India, and Japan. Moreover, the rise in adoption and sales of e-vehicles will also help this region continue dominating the market in the coming years.

 

List of Notable Automobile Interior Materials Market Manufacturers include:

 

  • Freudenberg Performance Materials
  • SEIREN Co., Ltd.
  • Yanfeng Automotive Interiors
  • Sage Automotive Interiors
  • TOYOTA BOSHOKU CORPORATION
  • Faurecia

 

Information source:

https://www.fortunebusinessinsights.com/automotive-interior-materials-market-102540

 


DK Business Patron

2 Blog posts

Comments