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Automotive Interior Materials Market by Material and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR44777
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The automotive interior materials market has the potential to grow by USD 26.43 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.24%.

This automotive interior materials market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by material (plastic polymers, leather, textile fabric, and others) and geography (APAC, North America, Europe, South America, and MEA). The automotive interior materials market report also offers information on several market vendors, including Adient Plc, Borealis AG, Covestro AG, Faurecia SE, GRAMMER AG, Grupo Antolin-Irausa SA, Lear Corp., Sage Automotive Interiors Inc., SEIREN Co. Ltd., and Toyota Boshoku Corp. among others.

What will the Automotive Interior Materials Market Size be in 2021?

Automotive-Interior-Materials-Market-Market-Size-2020-2025

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Automotive Interior Materials Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rise in improved passenger car sales due to financing flexibility is notably driving the automotive interior materials market growth, although factors such as fluctuation in raw material prices may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the automotive interior materials industry get your FREE report sample now.

  • The automotive interior materials market will grow at a CAGR of over 4% during the forecast period.
  • The rising priority for comfort and safety in automobiles is identified as one of the primary growth factors for this market.
  • The automobile sector is constantly evolving with the introduction of new products in the market.
  • Vehicle comfort takes the highest position among the other factors while purchasing automobiles.
  • Cost, style, features, and engine capacity are the other vital factors that influence the purchasing decision of consumers.
  • Customer satisfaction is inherently linked to comfort and safety.
  • With the growing competition among vendors, the requirement for product differentiation through value additions, such as the provision of better comfort in low-priced cars, will contribute to the market’s growth.
  • The use of tough materials with superior acoustic damping properties will also improve the safety of automobiles.
  • The utilization of leather as coating materials in automotive interiors is one of the latest trends that will gain traction in the automotive interior materials market.
  • Leather is increasingly used in interior components such as the instrument panel, dashboard, and steering wheel in vehicles as buyers are driven toward a more aesthetic look.
  • Leather is a sturdy material and associated with luxury, the demand from automobile manufacturers for leather coated interiors is rising at an exponential rate.
  • The current demand has compelled vendors to focus on the development of front-side interiors with leather to achieve an appealing look and improve comfort. Such usage of leather has been largely witnessed in the luxury car segment over the years.
  • The purchasing power of consumers has increased across the world and the number of individuals who can afford to buy luxury vehicles has increased exponentially. This changing trend has led OEMs to shift toward vehicles that have leather-coated interiors.

This automotive interior materials market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Automotive Interior Materials Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Adient Plc
  • Borealis AG
  • Covestro AG
  • Faurecia SE
  • GRAMMER AG
  • Grupo Antolin-Irausa SA
  • Lear Corp.
  • Sage Automotive Interiors Inc.
  • SEIREN Co. Ltd.
  • Toyota Boshoku Corp.

 

The automotive interior materials market is fragmented and the vendors are deploying growth strategies such as investments in R&D to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the automotive interior materials market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Automotive Interior Materials Market?

Automotive-Interior-Materials-Market-Market-Share-by-Region-2020-2025

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52% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for the automotive interior materials market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The presence of global key players and many regional and local players will facilitate the automotive interior materials market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Material Segments in the Automotive Interior Materials Market?

Automotive-Interior-Materials-Market-Market-Share-by-Material-2020-2025

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Plastic polymer materials bear high importance for interior module weight reductions. Currently, plastic polymers comprise the top-performing automotive interior materials segment owing to their advantages such as minimal corrosion, ease of manufacturing into any complex shape and in different colors, recycling possibility, and safety and comfort properties. Market growth in this segment will be faster than the growth of the market in the textile fabric segment. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive interior materials market size.

 

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What are the Key Factors Covered in this Automotive Interior Materials Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive interior materials market growth during the next five years
  • Precise estimation of the automotive interior materials market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive interior materials industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive interior materials market vendors

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Automotive Interior Materials Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.24%

Market growth 2021-2025

$ 26.43 billion

Market structure

Fragmented

YoY growth (%)

3.45

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 52%

Key consumer countries

US, China, Germany, Japan, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Adient Plc, Borealis AG, Covestro AG, Faurecia SE, GRAMMER AG, Grupo Antolin-Irausa SA, Lear Corp., Sage Automotive Interiors Inc., SEIREN Co. Ltd., and Toyota Boshoku Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Material

    • Market segments
    • Comparison by Material
    • Plastic polymers - Market size and forecast 2020-2025
    • Leather - Market size and forecast 2020-2025
    • Textile fabric - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Material

    Customer landscape

    • Customer Landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Adient Plc
    • Borealis AG
    • Covestro AG
    • Faurecia SE
    • GRAMMER AG
    • Grupo Antolin-Irausa SA
    • Lear Corp.
    • Sage Automotive Interiors Inc.
    • SEIREN Co. Ltd.
    • Toyota Boshoku Corp.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
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    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
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    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
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    The automotive interior materials market growth will increase by $15.13 billion during 2019-2024.
    The automotive interior materials market is expected to grow at a CAGR of 2.28% during 2019-2024.
    Technavio has segmented the automotive interior materials market by material (Plastic polymers, Leather, Textile fabric, and Others) and geographic (APAC, North America, Europe, South America, and MEA).
    3M Co., Adient Plc, BASF SE, DuPont de Nemours Inc., Faurecia SA, GRAMMER AG, Lear Corp., Marelli Holdings Co. Ltd., Dow Inc., Toyoda Gosei Co. Ltd., Toyota Boshoku Corp. are a few of the key vendors in the automotive interior materials market.
    APAC will register the highest growth rate of 56.11% among the other regions. Therefore, the automotive interior materials market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • US
    • China
    • Germany
    • Japan
    • South Korea (Republic of Korea)
    • UK
    The key factors driving the automotive interior materials market growth are:
    • Growing priority for comfort and safety in automobiles
    The automotive interior materials market vendors should focus on grabbing business opportunities from the plastic polymers segment as it accounted for the largest market share in the base year.
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