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Automotive Interior Materials Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR44777
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The automotive interior materials market share is expected to increase by USD 26.43 billion from 2020 to 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 automotive interior materials market segmentations 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 During the Forecast Period?

Automotive Interior Materials Market Size

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Automotive Interior Materials Market: Key Drivers, Trends, and Challenges

The rise in improved passenger car sales due to financing flexibility is notably driving the automotive interior materials market growth, although factors such as fluctuations in raw material prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive interior materials industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Interior Materials Market Driver

One of the key factors driving the automotive interior materials market growth is the rise in improved passenger car sales due to financing flexibility. Car loans are an integral component of the automotive industry and form the biggest driving factor for car sales. This subsequently leads to an increase in automotive glove box sales. General Motors was the first company in the automotive industry to establish a non-banking institution that would support potential buyers to buy cars and indirectly assist OEMs in improving their car sales. In Europe, OEMs such as Fiat and Renault were offering discounts on new car sales to expand their customer base. This strategy worked well for the automakers. For the first time since the global recession period, new car sales registered growth and marked the beginning of passenger car sales in Europe. Auto industry observers found car loans as the biggest driving factor for the expansion of the compact car segments globally. With the increase in passenger car sales, the market for automotive interior materials is expected to witness steady growth.

Key Automotive Interior Materials Market Trend

Innovations in lightweight materials is the major trend influencing automotive interior materials market growth. The consumer demand for automobiles with improved fuel efficiency has considerably increased over the years, primarily due to the rise in fuel prices. Automobile manufacturers are exploring solutions that can reduce the weight of automobiles to enhance fuel efficiency. The demand for fuel efficiency in vehicles has contributed to the popularity of lighter automobiles. Vendors are introducing innovative and lightweight materials for the interior and exterior parts of vehicles. Huntsman is focusing on the development and introduction of dense PU elastomers with barium sulfate mineral fillers that are lightweight and can contribute to NVH insulation. Another breakthrough in this industry is the development of seats that are thinner and much more comfortable. These seats have achieved a drastic reduction in weight by using composites materials and plastic polymers instead of the currently used metal side plates. Such a reduction in seat weight has resulted in more floor space and overall weight reduction of the vehicle. The use of nanotechnology to develop such thinner and lighter materials is another ongoing trend in this segment.

Key Automotive Interior Materials Market Challenge

Fluctuations in raw material prices is one of the key challenges hindering the automotive interior materials market growth. The manufacturing of PU foams and polyethylene foams requires raw materials, such as benzene, toluene, and other chemicals, from the oil and gas industry. Elastomers and other polymer plastics, such as PP, are used in vehicles as they are crude-oil-based materials. The oil and gas industry is one of the principal suppliers of raw materials for the global polymer market and is affected by the price fluctuations of crude oil. Crude oil prices in the market are currently highly volatile, which leads to unstable feedstock prices for polymers that are used in the production of automotive interiors. These unstable prices alter the total cost of the product, and this affects the revenue of vendors. Manufacturers in several regions are also dependent on raw materials that are imported from other countries, exposing them to international market risks such as the increase in prices and uncertainty about the timely supply of raw materials.

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. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global automotive interior materials market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive interior materials market during the forecast period.

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.

 

This statistical study of the automotive interior materials market encompasses successful business strategies deployed by the key vendors. The automotive interior materials market is fragmented and the vendors are adopting organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Adient Plc - The company offers complete seat structures for commercial vehicles.

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.

The automotive interior materials market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Interior Materials Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive interior materials market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Automotive Interior Materials Market?

Automotive Interior Materials Market Market segmentation by region

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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 automotive interior materials market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

APAC will lead the global automotive interior materials market owing to the growing economic developments in the Association of Southeast Asian Nations and an increase in per capita income that has bolstered the purchasing power of consumers. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Manufacturing activities in APAC were adversely impacted in 2020 due to the COVID-19 pandemic. The imposition of stringent lockdowns and social distancing regulations forced many business owners to shut down their facilities temporarily. However, the manufacturing industries are expected to recover in 2021 as various countries in the region have started rolling out vaccines which would result in full-fledged manufacturing operations. Therefore, the growth in capital spending is expected to drive the demand for commercial vehicles, which will positively impact the growth of the automotive interior materials market in the region over the projected period.

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

Automotive Interior Materials Market Segmentation

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The automotive interior materials market share growth by the plastic polymers segment will be significant during the forecast period. Polypropylene (PP) is a thermoplastic polymer that is used in a wide range of markets such as packaging, household appliances, construction, textiles, and automotive. It is widely used in interior trims, such as the door trim and lining of vehicles, thereby driving the demand of this segment.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive interior materials market size and actionable market insights on post COVID-19 impact on each segment.

 

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

Key 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 recovery analysis and future consumer dynamics, Market condition analysis for forecast period

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What are the Key Data 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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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis for automotive components and accessories

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Material

    • 5.1 Market segments
      • Exhibit 15: Material - Market share 2020-2025 (%)
    • 5.2 Comparison by Material
      • Exhibit 16: Comparison by Material
    • 5.3 Plastic polymers - Market size and forecast 2020-2025
      • Exhibit 17: Plastic polymers - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 18: Plastic polymers - Year-over-year growth 2020-2025 (%)
    • 5.4 Leather - Market size and forecast 2020-2025
      • Exhibit 19: Leather - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 20: Leather - Year-over-year growth 2020-2025 (%)
    • 5.5 Textile fabric - Market size and forecast 2020-2025
      • Exhibit 21: Textile fabric - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 22: Textile fabrics: Types and use in interiors
      • Exhibit 23: Textile fabric - Year-over-year growth 2020-2025 (%)
    • 5.6 Others - Market size and forecast 2020-2025
      • Exhibit 24: Others - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 25: Others - Year-over-year growth 2020-2025 (%)
    • 5.7 Market opportunity by Material
      • Exhibit 26: Market opportunity by Material

    6 Customer landscape

    • 6.1 Customer Landscape
      • Exhibit 27: Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 28: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 29: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 30: APAC - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 31: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 North America - Market size and forecast 2020-2025
      • Exhibit 32: North America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 33: North America - Year-over-year growth 2020-2025 (%)
    • 7.5 Europe - Market size and forecast 2020-2025
      • Exhibit 34: Europe - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 35: Europe - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 36: South America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 37: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 38: MEA - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 39: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 40: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 41: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 43: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • Exhibit 44: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 45: Landscape disruption
          • Exhibit 46: Industry risks

        10 Vendor Analysis

        • 10.1 Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 48: Market positioning of vendors
          • 10.3 Adient Plc
            • Exhibit 49: Adient Plc - Overview
            • Exhibit 50: Adient Plc - Business segments
            • Exhibit 51: Adient Plc – Key news
            • Exhibit 52: Adient Plc - Key offerings
            • Exhibit 53: Adient Plc - Segment focus
          • 10.4 Borealis AG
            • Exhibit 54: Borealis AG - Overview
            • Exhibit 55: Borealis AG - Business segments
            • Exhibit 56: Borealis AG – Key news
            • Exhibit 57: Borealis AG - Key offerings
            • Exhibit 58: Borealis AG - Segment focus
          • 10.5 Covestro AG
            • Exhibit 59: Covestro AG - Overview
            • Exhibit 60: Covestro AG - Business segments
            • Exhibit 61: Covestro AG - Key offerings
            • Exhibit 62: Covestro AG - Segment focus
          • 10.6 Faurecia SE
            • Exhibit 63: Faurecia SE - Overview
            • Exhibit 64: Faurecia SE - Business segments
            • Exhibit 65: Faurecia SE - Key offerings
            • Exhibit 66: Faurecia SE - Segment focus
          • 10.7 GRAMMER AG
            • Exhibit 67: GRAMMER AG - Overview
            • Exhibit 68: GRAMMER AG - Business segments
            • Exhibit 69: GRAMMER AG - Key offerings
            • Exhibit 70: GRAMMER AG - Segment focus
          • 10.8 Grupo Antolin-Irausa SA
            • Exhibit 71: Grupo Antolin-Irausa SA - Overview
            • Exhibit 72: Grupo Antolin-Irausa SA - Business segments
            • Exhibit 73: Grupo Antolin-Irausa SA – Key news
            • Exhibit 74: Grupo Antolin-Irausa SA - Key offerings
            • Exhibit 75: Grupo Antolin-Irausa SA - Segment focus
          • 10.9 Lear Corp.
            • Exhibit 76: Lear Corp. - Overview
            • Exhibit 77: Lear Corp. - Business segments
            • Exhibit 78: Lear Corp. – Key news
            • Exhibit 79: Lear Corp. - Key offerings
            • Exhibit 80: Lear Corp. - Segment focus
          • 10.10 Sage Automotive Interiors Inc.
            • Exhibit 81: Sage Automotive Interiors Inc. - Overview
            • Exhibit 82: Sage Automotive Interiors Inc. - Product and service
            • Exhibit 83: Sage Automotive Interiors Inc. - Key offerings
          • 10.11 SEIREN Co. Ltd.
            • Exhibit 84: SEIREN Co. Ltd. - Overview
            • Exhibit 85: SEIREN Co. Ltd. - Business segments
            • Exhibit 86: SEIREN Co. Ltd. - Key offerings
            • Exhibit 87: SEIREN Co. Ltd. - Segment focus
          • 10.12 Toyota Boshoku Corp.
            • Exhibit 88: Toyota Boshoku Corp. - Overview
            • Exhibit 89: Toyota Boshoku Corp. - Business segments
            • Exhibit 90: Toyota Boshoku Corp. - Key offerings
            • Exhibit 91: Toyota Boshoku Corp. - Segment focus

          11 Appendix

          • 11.1 Scope of the report
            • 11.2 Currency conversion rates for US$
              • Exhibit 92: Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 93: Research Methodology
              • Exhibit 94: Validation techniques employed for market sizing
              • Exhibit 95: Information sources
            • 11.4 List of abbreviations
              • Exhibit 96: 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
            Technavio

            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
            Technavio

            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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            Automotive Interior Materials Market market growth will increase by $26.43 bn during 2021-2025.
            The automotive interior materials market market is expected to grow at a CAGR of 4.24% during 2021-2025.
            Technavio has segmented the automotive interior materials market market by geography (APAC, North America, Europe, South America, MEA, APAC, North America, Europe, South America, and MEA).
            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. are a few of the key vendors in the automotive interior materials market market.
            APAC will register the highest growth rate of 52% among the other regions. Therefore, the automotive interior materials market 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)
            The key factors driving the automotive interior materials market market growth are:
            • Rise in improved passenger car sales due to financing flexibility
            The automotive interior materials market market vendors should focus on grabbing business opportunities from the apac segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
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