Automotive Interior Materials Market – By Type (Synthetic Leather (PU & PVC), Genuine Leather, Polymers, Fabric), By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Automotive Interior Materials are used in the manufacture of automotive interior components such as steering wheels, leathers, plastics, roofing, flooring, seatbelts, and airbags. All of these examples have their specific function in an automotive. The purpose of using the automotive interior materials is to make the space of a cabin more commodious. These materials improve the interior aesthetic of the vehicle which will which further influence the customer to buy the product. With a good aesthetic look, they also enhance sustainability and reliability to automobiles. Automotive interior materials are very crucial in the manufacturing of the vehicle. Hence, the market is closely dependent on the production and demand of the vehicles. Government norms and regulations regarding leather industry pricing and availability of the materials are the factors impacting the market. Besides other interior materials, plastic has the highest shares of the market in 2018, valued around 27.9% and also the most used interior material in an automobile with properties like ruggedness, optimum durability, and lightweight, helps to reduce the fuel consumption of the vehicle. Heavy metals are now replaced by plastics in automotive interior manufacturing. The global automotive interior material market accounted 87796 million USD in 2020 and is expected to reach 144,469 million USD by 2030 with a CAGR of 6.9% during the forecast period.

Market Segmentation:

On the basis of type, the automotive interior materials market is segmented into synthetic leather (PU and PVC), genuine leather, polymers, and fabrics. On the basis of vehicle type, market is segmented into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.  

Market Dynamics and Factors:

High demand for the automotive interior materials for better comfort and customization is one of the major factor responsible for the growth of the market. Increase in the number of luxury vehicles across the globe is a supporting factor positively influencing the market growth. Growing in demand for vehicles attributed to the growth in disposable income in emerging economies such as India, China and Brazil are further boosting the demand of the automotive interior materials during the forecast period. Need of aesthetically pleasing vehicle interior is a key factor that is impacting the market. Demand for the lightweight plastics or polymers in the automotive interior are also increasing the demand for these products. However, the cost of the materials may restrain the market in the upcoming years. Development and research on new synthetic materials will create many opportunities during the forecast period.

Geographic Analysis:

Asia Pacific is expected to lead the automotive interior materials market and is expected to grow with the same pace during forecast period. Asia Pacific is estimated to grow up to USD 26.65 billion in the year 2026, owing to its market penetration with the rising manufacturing industry.

Competitive Scenario:

Major players operating in global automotive interior materials market are BASF, ContiTech AG, 3M, Dow Chemical, Toyoda Gosei Co., Ltd., Du Pont, Grupo Antolin, Draxlmaier Group, Yanfeng Automotive Interiors, LEAR Corporation, Faurecia S.A., SMS Auto Fabrics, Magna International, Calsonic Kensei Corporation, Tachi-S Co. Ltd., Sage Automotive Interiors, Hyundai Mobis Co.  Ltd., Takata Corporation, and TATA Group.

Automotive Interior Materials Market Report Scope