According to Goldstein Research, the global automotive interior materials market is expected to reach USD 112.4 billion by 2017 from USD 74.3 billion in 2016, growing at a CAGR of 5.3% over the forecast period 2016-2024. The growth in the number of vehicles sold and the changing lifestyle of the consumers is primarily driving the growth of the market. Global automotive interior materials market segmentation has been done on the basis of product type, application, vehicle type, and geography. Passenger cars accounted for the largest share of 68% in 2016, the reason being the passenger cars are the most sold vehicle.
Global automotive interior materials market is largely dominated by Asia-Pacific region growing at a CAGR of 6.2% from 2016-2024. North America and Europe are expected to grow at a moderate rate and the growth opportunities are in the new vehicle categories such as electric vehicles and autonomous cars.
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On the basis of our in-depth analysis, Global Automotive Interior Materials Market can be segmented as follows:
By Product Type
By Application Type
- Airbags & Seatbelts
- Door Panels & Trims
- Carpets & Headliners
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- North America Automotive Interior Materials Market Analysis, 2016-2024
- Global Automotive Interior Materials Market Analysis, 2016-2024
- Middle East And Africa Automotive Interior Materials Market Analysis, 2016-2024
- Latin America Automotive Interior Materials Market Analysis, 2016-2024
- Asia Pacific Automotive Interior Materials Market Analysis, 2016-2024
- Rest Of The World Automotive Interior Materials Market Analysis, 2016-2024
From past few years, attributed to unprecedented climate change issues, global automotive industry is striving hard in developing lightweight and innovative functional materials to improve vehicle’s fuel efficiency. This has created a fragmented support industry named automotive composites market consisting of several and diverse small high-tech players with specialized knowledge and providing light weight interior materials such as carbon fiber, glass fiber, thermoplastic composites etc.
Material and interior component manufacturers are using advanced manufacturing technologies in order to provide cost-efficient products to their customers. For instance, major component manufacturers in North America and Asia-Pacific are using robot technology which comprises robot-aided automation systems and laser cutting equipment for plastics and metal working industry, providing cheaper and precise products for automotive industry. This penetration of North America automotive robotics market and other advanced technologies are the major driving factors of automotive interior material market.
“Global Automotive Interior Materials Market Outlook 2024” includes a comprehensive overview of the global automotive interior materials market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, application, vehicle type, and geography.
The Global Automotive Interior Materials Market Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The comprehensive analysis of automotive interior materials market report is drafted as per the clients to help them in assessing their business strategies in the competitive environment.
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Major players of the global automotive interior materials market analyzed in the report are: 3M, BASF, ContiTech AG, Dow Chemical, Du Pont, Toyoda Gosei Co., Ltd., GrupoAntolin, Draxlmaier Group, Takata Corporation, Sage Automotive Interiors, SMS Auto Fabrics, Yanfeng Automotive Interiors, LEAR Corporation, Faurecia S.A., Magna International, Calsonic Kensei Corporation, Tachi-S Co. Ltd., Hyundai Mobis Co. Ltd. and TATA Group,etc.
Further, Global Automotive Interior Materials Market Report encompasses the key factors driving the growth of the market, opportunities in the market and the factors posing threats & challenges to the market. The Automotive Interior Materials Market Outlook also comprises the market dynamics, risk analysis, SWOT analysis, USP analysis, BPS Analysis & market attractiveness. Report further also includes the expert analysis and remarks showcasing the complete overview of the market based on intensive analysis of political, economic, social, technological, environmental & legal factors of each region in the market.
Global Automotive interior materials market is driving on the basis of advancement in following markets of Automotive Industry:
Global Automotive Drive-Shaft Market:
Global automotive drive-shaft market is correlated to the rising sales of vehicles across the globe, since all passenger cars and commercial vehicles are equipped with drive-shafts. Global automotive sector witnessed improvement in car sales by 4% in 2015. Automotive drive-shaft market accounted for USD 5.6 Billion in 2015 and the market is expected to reach USD 9.4 Billion by the end of 2024.
Automotive Filters Market:
Automobile manufacturers are spending huge amounts on the advancement of automotive fuel filters to keep fuel emission low. Continuous advancement in automotive filters provides the automobile better operational age, performance and preventive maintenance. Rising sales of commercial vehicles also significantly driven the growth of global automotive filters market.
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