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Automotive Interior Materials Market

Global Market Study on Automotive Interior Materials: Multifaceted Innovations - The Key to Meaningful Customer Experience

Global Automotive Interior Materials Market by Material Type (Fabric, Genuine Leather, Synthetic Leather, and Thermoplastic)

Automotive Interior Materials Market Snapshot

[290 Pages] According to Persistence Market Research, the Automotive Interior Materials Market will generate US$ 130.06 billion in revenue by 2023. Adoption of Automotive Interior Materials has witnessed substantial growth in recent years, and the trend is expected to persist over the forecast period.

Global Automotive Interior Materials Market Size (2022A)

US$ 122.6 Billion

Global Automotive Interior Materials Market Size (2023E)

US$ 130.06 Billion

Projected Automotive Interior Materials Market Value (2033F)

US$ 241.8 Billion

Value CAGR (2023 to 2033)

6.4%

Collective Value Share: Top 3 Countries (2022)

30% to 35%

In the context of consumer upgrades, the focus of attention when consumers buy car begins to change. At this stage, when consumers buy cars, their attention to the cars word of mouth, fuel consumption and promotion factors has dropped to about 20%, while the level of attention to comfort has risen to 40%, and comfort has become a consumer purchase. The focus of attention when car. Therefore, the quality of the car interior has become an important selling point for the car. The global market for Automotive Interior Materials is expected to reach US$ 241.8 billion by 2033, growing at a CAGR of 6.4% between 2023 and 2033.

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Demand Analysis of Automotive Interior Materials Market for Historical period 2018 to 2022 and Outlook for Forecasted period from 2023 to 2033

In the past, the car exterior prominently dominated the field of automotive design. The sleek, gleaming contours of the bodywork were the main differentiator for manufacturers seeking to impress. Today, new technologies have changed the market radically, transforming the possibilities for vehicle interiors and engine compartments. A revolution is already under way, producing vehicles that are packed with new features, technologies and materials that could not have been imagined even a few years ago.

With the upgrading of the consumption structure, cars are no longer just a means of transportation, and consumers are paying more and more attention to the comfort of the interior of the car. The market scale of automotive interiors has expanded rapidly, and the proportion of total vehicle manufacturing costs has been rising. The increase in market demand has promoted the continuous improvement of automotive interior production processes. In the future, auto interior manufacturers must keep up with changes in market demand and develop in a diversified, personalized and branded manner on the premise of ensuring quality and safety.

The market for Automotive Interior Materials is anticipated to expand at a 6.4% CAGR between 2023 and 2033. The market is expected to grow from US$ 130.06 Billion in 2023 to US$ 241.8 Billion by 2033.

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What are the drivers for the Automotive Interior Materials market?

Hybrid Electrical Vehicles (HEVs) powered by a combination of IC engines and electric motors are gaining traction owing to the rising implementation of stringent environmental regulations and emission control measures. The global automotive interior leather industry is projected to gain high demand for leather solutions, such as thermos cool leather, anti-soiling leather and antimicrobial & antibacterial leather, among the automobile users. Furthermore, leading carmakers are vying to introduce climate-controlled automotive seats in hybrid vehicle models, which can convert electricity to heat or cool vehicle seats. Some of these are already integrated in a small percentage of electric and hybrid cars available in the market. The number is projected to increase in the near future, as both vehicle manufacturers and buyers seek more eco-friendly alternatives; thus giving impetus to the market for hybrid and electric cars.

The automotive component industry has always been under the scanner of regulating authorities and is required to adhere to various guidelines issued by them. Such regulations existing in the automotive interior material market have compelled manufacturers to develop products that are compatible with the present regulatory environment. Such regulations demand reduction in vehicle emission, which, in turn, has led to an increase in demand for light automotive components. These regulations force automotive manufacturers to continuously focus on product innovation to supply advanced and lightweight products in the market.

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What are the Key Trends for Automotive Interior Materials market?

The increasing demand for high quality and durable interior materials as well as aesthetic look in the interior of a vehicle is compelling manufacturers to use advanced quality materials. Manufacturers are using lightweight materials including novel polymers, natural fibres, reinforced composite as an alternative to magnesium alloys and steels in the construction of automotive interior and vehicle bodies. Moreover, a variety of lightweight materials such as glass, plastics, rubbers, and special fibres are used in the construction of automobile interiors to reduce the fuel consumption, increase vehicle efficiency, and emission performance. Carbon-fibre composites are used as reinforcement for plastic matrices as it reduces weight potential and offers high stiffness when compared to the glass. Moreover, carbon-fibres are highly preferred by OEMs in the manufacturing of luxury cars.

Recent climatic change patterns and constant resource depletion has raised the demand for sustainable products based on renewable and environment friendly resources. Lightweight and bio-composite materials offer several environmental advantages. Bio-composite materials are easily disposed, when landfilled or incinerated after end of its lifecycle. Some of the advantages of using bio-composites include biodegradability, low density, low cost, high toughness, rigidness, and strength. Automobile manufacturers and researchers are manufacturing automotive and electronic interiors using natural fibres because it contains low formaldehyde emission levels and TVOC emission thus, reducing effects on the environment.

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What are the restraints for the Automotive Interior Materials market growth?

A rapid shift in consumer aesthetic preference, including the inclination towards use of premium materials in car interiors has surged the demand for leather. However, global hide production is growing at a pace that is unable to sustain this increasing demand. Changing eating habits with people around the world turning towards vegetarianism are expected to lower hide production, as hide is a by-product of the meat industry. This, along with the lengthy and complex hide processing technique are some of the reasons expected to cause a downward shift in hide supply and quality, and thus an increase in the cost of raw materials for automotive leather.

Exit of the United Kingdom from the European Union has caused a great deal of frustration in Europe's political and corporate world. It is not yet straightforwardly affecting exchange, but changes are expected as exchange assertions between the United Kingdom and different nations inside and outside of Europe are renegotiated. Brexit will directly affect business providers, including industries in the United Kingdom, such as automobile manufacturing, leather manufacturing as well as synthetic leather players. This negative impact will stem from the fact that there will be no free trade anymore. Hence, the taxes involved will increase the price of the products. This factor will act as restraints to the automotive interior material market.

Country-wise Analysis

Where Does the United States Stand in the Global Market for Automotive Interior Materials?

In 2022, the demand for Automotive Interior Materials in the United States is expected to be around 11.2% of the global market. Throughout the projection period of 2023 to 2022, the United States is anticipated to hold a significant share of the market in North America. A number of automakers are turning their focus towards a new technology called ‘smart’ textiles. Smart textiles are being increasingly used to replace heavier components in vehicles. For example, textiles that can automatically heat and cool themselves could replace thermo-conductive layers, which automakers are currently installing in seats for the same function. In addition, the prevalence of a large number of manufacturers and distributors in the country is further paving the way for market expansion over the coming years.

How is the Automotive Interior Materials market in China?

China is the world's largest automobile producer and consumer. With the rapid development of the automobile industry, the market scale of automotive interiors has also expanded rapidly. At this stage, China's automotive interior market accounts for about 14.7% of the global market. And with the continuous improvement of consumption levels, the proportion of China's automotive interior costs to the cost of complete vehicles has been rising, has exceeded 20%, and there is still a trend of continued improvement. In 2022, the China automotive interior market was US$ 17.9 billion and increased to US$ 36.5 billion in 2033. It is expected that the China automotive interior market will grow at a compound annual growth rate of 7.4% from 2023 to 2033.

Category-wise Insights

Which Material has the Most Potential in the Automotive Interior Materials Market?

Graphene composite offers multifunctional properties. Due to multifunctional properties it offers thermal stability, gas barriers, and flame retardance. Furthermore, integration of other polymer matrices with graphene provides significant properties such as improved tensile strength, superior durability, and elastic modulus. Graphene-based polymer composite materials are used in manufacturing processes. The main purpose is to create lightweight design to improve the overall automobile efficiency. Moreover, Environmental sustainability is one of the major driving factors to increase the adoption of lightweight materials to reduce CO2 emissions and lower the energy consumption.

Which Vehicle Type of Automotive Interior Materials Market Witnesses the Highest Demand?

Passenger vehicles consist of all the vehicles, which are used for the transportation of passengers. Personal cars, wagons, hatchbacks, sedans, SUV, MUV, estate cars, vans, pickups, and other personal-use vehicles are considered under this segment. These vehicles can carry one to eight people depending on their type. The technologies used in this type of vehicle are frequently changing due to the high demand from consumers for luxurious and convenience features. Passenger vehicle manufacturers emphasize on producing vehicles, which would provide the utmost safety, and exquisite ride quality to the passengers, as safety and luxury are important factors considered while buying any vehicle. Increasing living standards in emerging economies and shift of the production facilities of various manufacturers in these regions are the factors propelling the use of automotive interior materials in passenger vehicles. The passenger vehicles segment is growing with a healthy CAGR of 5.9%.

Competitive Landscape

The global automotive interior material market is a distributed market and unorganized players hold substantial share in the market. Some of the well-known manufacturers in the automotive interior material market are Faurecia S.A, Johnson Controls, Lear Corporation, and Toyota Boshoku. Leading players in the market for automotive interior materials are involved in research and development to provide premium and comfortable interior systems. Numerous players are collaborating with local players in developing countries to widen their distribution network. Growth in focus on product differentiation and expansion of regional players is expected to be a major concern for global market players over the forecast period. Few of the key developments are:

  • In October 2022, Lear Corp. launching automotive interior fabric made from recycled plastic bottles, Automotive seating and E-Systems producer Lear Corp., Southfield, Michigan, has announced a fully recyclable sueded material it says is expected to launch in seating and door panel applications with a global automaker in 2024.

Automotive Interior Materials Industry Report Scope

Attribute

Details

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

  • US$ Million for Value
  • ‘000 Tones for volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • BENELUX
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Australia
  • New Zealand
  • GCC Countries
  • Türkiye
  • Northern Africa
  • South Africa

Key Market Segments Covered

  • Material Type
  • Vehicle
  • Region

Key Companies Profiled

  • Faurecia S.A.
  • Lear Corporation
  • Seiren Co., Ltd.
  • Yanfeng Automotive Trim Systems
  • Toyota Boshoku Corporation
  • Sage Automotive Interiors, Inc.
  • Benecke-Kaliko AG
  • GST AutoLeather, Inc.
  • DK Leather Corporation
  • Grupo-Antolin Irausa, S.A.
  • Mayur Uniquoters Ltd.
  • WOLLSDORF LEDER SCHMIDT & Co. G
  • Adient PLC
  • TS Tech Co., Ltd.
  • Magna International Inc.
  • Tachi-S Co., Ltd.
  • Aisin Seiki Co., Ltd.
  • Guelph Manufacturing Group
  • NHK Spring Co., Ltd.

Pricing

Available upon Request

Key Segments Covered in Automotive Interior Materials Industry Research

By Material Type:

  • Fabric
  • Genuine Leather
  • Synthetic Leather
  • Thermoplastic

By Vehicles:

  • Passenger Cars
    • Compact
    • Sub-Compact
    • Mid-Size
    • Sedan
    • Luxury
    • Van
  • LCV
  • HCV

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

- Companies Covered in This Report -

  • Faurecia S.A.
  • Lear Corporation
  • Seiren Co., Ltd.
  • Yanfeng Automotive Trim Systems
  • Toyota Boshoku Corporation
  • Sage Automotive Interiors, Inc.
  • Benecke-Kaliko AG
  • GST AutoLeather, Inc.
  • DK Leather Corporation
  • Grupo-Antolin Irausa, S.A.
  • Magna International Inc.
  • NHK Spring Co., Ltd.

- Frequently Asked Questions -

The Global Automotive Interior Materials Market is estimated to be valued at over US$ 130.06 Billion as of 2023.

Automotive Interior Materials are projected to increase at 6.4% CAGR and is expected to be valued at around US$ 241.8 Billion by 2033 end.

Adient Plc, Magna International Inc., Aisin Seiki Co. Ltd., Faurecia S.A., Toyota Boshoku Corporation are some of the leading players in the overall market.

U.S., India, Germany, China, and Japan are driving most of the demand for Automotive Interior Materials.

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