A comprehensive, systematically structured research report titled “Automotive Interior Materials Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)” enables the reader to chalk down the strategies in order to progress with the changing pace of the global market scenario. The research report is backed up with a unique research methodology, which presents data and statistics with high precision. The global automotive interior material market research report covers an in-depth market segmentation which covers all angles thus giving a 3600 view of the market delivering necessary value addition with a strategic layout.
Benefit with a seamless research perspective
The comprehensiveness of the automotive interior material market research report is proven, as it covers every single angle present in every single segment and sub-segment of the global market with respect to each sub region of important geographies which gives a holistic touch to the research study. The reader can get a broad idea regarding implementation of marketing strategies in order to achieve informed growth in the years to come. The geographical cover up includes intelligence on important landscapes of North America, Europe, Latin America, Asia-pacific and Middle East and Africa (MEA). Each of these geographies are further sub-categorized and assessed. Several aspects are analyzed which have an impact on the automotive interior material market growth along with the opportunities and threats that these regions reflect. Moreover, the macro economical aspects, trends, drivers and challenges are also discussed in this research study.
Competition tracking in the global market
The global automotive interior material market research report dedicates an entire research chapter on competitive intelligence, which reflects key details of various tier companies involved in the market. The details such as company overview, product portfolio, SWOT analysis, key innovations and developments, key financial intelligence of these key players have been included in the research study.
The global automotive interior materials market research report is crafted using a unique research methodology
The research carried out for analyzing the automotive interior material market follows an exclusive research methodology that increases the accuracy percentage by reducing the deviations to a great extent. The one of its kind research methodology follows a repetitive pattern wherein each data point of every single parameter of each and every segment is evaluated multiple times and a re-validation gives a finishing touch that offers high precision with reduced errors followed by a triangulation method that raises the aspect ratio of credibility. There is no room for miscalculations due to such a streamlined and structured research process. Managed by domain experts, the analysts have crafted the automotive interior material market research report in such a way that it can be easily understood owing to simple yet matchless report structure.
By Vehicle Type
By Material Type
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Market for automotive interior materials to witness healthy growth year-on-year
The global automotive market has been experiencing boom since past couple of years. The rising automotive sector has paved ways for several accessories, interior and exterior materials used in automobiles. Persistence Market Research, through its weighted research on global automotive interior material, has highlighted various facts about the types of materials used in interiors of various types of automobiles along with key aspects which have influence over the growth of the global automotive interior material market. According to the research report, the global automotive interior material market is expected to witness robust growth throughout the period of assessment. The global market is projected to register a high CAGR of 5.6% during the 2017-2025 period. The global automotive interior material market is valued at about US$ 94 Bn in 2017 and is estimated to show a market evaluation of around US$ 145.3 Bn in 2025 thus registering a 1.54x increase in value over the 2017-2025 timeline.
Passenger cars segment reflects high potential with respect to use of automotive interior materials
By vehicle type, the passenger cars segment witnessed high market share during 2012-2016 period. In 2017 this segment grew 1.2x in revenue share since 2012 and is still showing an upward trend. Anticipation is that the passenger cars segment will dominate the global automotive interior material market by vehicle type to reach an evaluation of about US$ 111.6 Bn in 2025 from US$ 71.5 Bn in 2017 reflecting a 1.5x increase in the value. The passenger cars segment is poised to grow at a higher CAGR of 5.7% throughout the period of assessment to attain this market estimation. This segment has witnessed dominance due to rising demand for interior material to achieve enhanced aesthetics in cars.
LCV and HCV segments to collectively lose 80 BPS
By vehicle type, the LCV and HCV segments are expected to show moderate growth rate during the assessment period of 2025. However, the LCV segment is anticipated to lose 70 BPS and HCV segment is estimated to lose 10 BPS between 2017 and 2025, collectively accounting for one fourth of the total market by 2025 end.HCV segment is estimated to grow 1.4x in terms of market size during the forecast period in North America; Passenger cars to dominate the APAC automotive interior materials market
North America region is anticipated to reflect a moderate growth rate. The passenger cars segment is the largest segment in this region. The HCV segment has shown significant growth in revenue to reach a value of US$ 800 Mn in 2025 from US$ 565 Mn in 2017. On the other hand, passenger cars segment by vehicle type is anticipated to lead the Asia Pacific automotive interior material market during the 2017-2025 period. In Asia Pacific (APAC) region, this segment has shown consistency in growth and by 2025, it is estimated that the passenger cars segment will reflect a market value equivalent to almost five times that of LCV and 19 times that of HCV segments. In APAC, the passenger cars segment is projected to show the highest growth rate to register a CAGR of 6.3% throughout the period of assessment and hold about 80% of the market value during the 2017-2025 period.