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Automotive Interior Materials Market

Automotive Interior Materials Market Size, Share and Segmentation by Type (Composites, Plastics, Metals, Fabric, Leather, Others), by Vehicle Type (Passenger cars, LCV, HCV), by Application (Dashboard, Seats, Airbags & Seat belts, Door panel & trims, Carpet and headliners, Others), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1661 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Automotive Interior Materials Market Size was valued at USD 48.3 billion in 2021 and is expected to reach USD 58.6 billion by 2028 and grow at a CAGR of 2.8% over the forecast period 2022-2028.

The materials used in the interior of a vehicle are referred to as "automotive interior materials." Fabric, polymers, genuine leather, and synthetic leather are the principal types of materials that are used in the construction of automobile interiors. The primary element that propels the expansion of the automotive interior materials market is the growing emphasis placed on reducing the overall weight of automobiles in order to improve their fuel efficiency. Additionally, an increase in the consumption of plastics in the production of automobiles across the globe drives an increase in the need for car interior materials. The majority of the world's leading manufacturers of automobiles are concentrating their efforts on reducing carbon emissions by increasing the use of lightweight polymers and composites in the dashboards, instrument panels, and flooring components of their products.

Automotive Interior Materials Market Revenue Graph

By 2020, Continental AG, a major automobile manufacturer, plans to introduce high-end interior trims for its vehicles. Continental is ready to gamble on the debut of these premium interior trimmings after realizing that premium interiors remain an important selection criterion for end users.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • Expectations for automobile interiors that are both visually beautiful and comfy.

  • The increased technological advancements.

  • The market for automotive interior materials is being fueled by the desire for personalization.

  • Eco-friendly interior materials are being developed in response to rising consumer health consciousness.

RESTRAINTS: 

  • Improper disposal of effluents from the tanning industry damages the genuine leather market.

  • Genuine leather is the most expensive material currently utilized as automotive upholstery.

OPPORTUNITIES: 

  • Changing the opinion of consumers regarding genuine leather has driven producers to transition to eco-friendly alternatives.

  • Possibilities exist for the automotive leather industry to adopt green technology.

CHALLENGES: 

  • Environmental rules have made it difficult for local manufacturers to remain profitable.

  • The global market is hampered by rising raw material prices and, as a result, unpredictability.

IMPACT OF COVID-19:

As a result of the global pandemic, the car interior material market is likely to be moderately impacted. The refinery and petrochemical, chemical, metal, and other power generation industries are critical to the smooth operation of the worldwide market. Exports and industrial production from China have been hampered as a result of the country's major regions implementing stringent lockdowns. When COVID-19 broke out and limitations and a lockdown were put in place, industrial equipment demand dropped dramatically in the first quarter of 2020. The area of China is one of the leading producers of vehicles. Manufacturing of vehicle interior components is being hampered by numerous interruptions in the supply of raw materials.

KEY MARKET PLAYERS:

3M, BASF SE, Toyota Boshoku Corporation, Celanese Corporation, ARKEMA Group, Covestro AG, Delphi Automotive Plc, Dow, Evonik Industries AG, Hexcel Corporation, Huntsman International LLC, Stahl Holding B.V., Wacker Chemie AG, Bayerische Motoren Werke AG, Grammer AG, Grupo Antolin-Irausa SA, Technical Textile Services Ltd., Toyoda Gosei Co., Ltd., and ZF Friedrichshafen AG. are some of the affluent competitors with significant market share in the Automotive Interior Materials Market.

MARKET ESTIMATION: 

Market, By Type:

Based on the type segment, the global market has been divided into Composites, Plastics, Metals, Fabric, Leather, and Others. Plastic accounted for 45.6% of automobile interior income. Modern plastic interiors appear and feel luxurious because of advances in blended polymers, design, and processing. Stitching and trimming leather take longer than fabric. This will boost synthetic leather demand.

Market, By Vehicle Type:

The global market has been divided into Passenger cars, LCV, and HCV based on the vehicle type segment. The market for automotive interior materials was dominated by passenger cars, generating 77.5% of total sales. Consumers have been more ready to spend on high-quality and long-lasting products, which has helped the segment. In 2018, the market for heavy commercial vehicles was just 4.8%.

Market, By Application:

The global market has been divided into Dashboard, Seats, Airbags & Seat belts, Door panels & trims, Carpet and headliners, and Others based on the application segment. Dashboard dominated the automobile interior materials market in 2018 with a 34.0 percent sales share. Dashboards are now expected to be eco-friendly and devoid of harmful materials, which affects the automotive sector. Ventilated seats are a popular vehicle feature because they improve passenger comfort.

MARKET SEGMENTATION:

By Type:

  • Composites

  • Plastics

  • Metals

  • Fabric

  • Leather

  • Others

By Vehicle Type:

  • Passenger cars

  • LCV

  • HCV

By Application:

  • Dashboard

  • Seats

  • Airbags & Seat belts

  • Door panel & trims

  • Carpet and headliners

  • Others

Automotive Interior Materials Market Segment Chart

REGIONAL ANALYSIS:

The CAGR for the Asia Pacific region is predicted to be 6.7%. Growth in the APAC market for car interior materials can be predicted as a result of increased government support in the form of subsidies and favorable regulations for automobile manufacturers. A CAGR of 4.2 percent from 2019 to 2025 is predicted for Europe, which will remain a significant market in the global context. European consumers place a high value on automobile interiors, so producers are free to develop and promote a wide range of products. This is predicted to boost demand.

For car interior materials, North American demand for passenger vehicles, regular technological developments, and the economic feasibility of premium options have led to a considerably more developed market in the region. This market is expected to grow at a steady pace in North America due to the widespread use of automobiles for transportation.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Automotive Interior Materials Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 48.3  Billion
Market Size by 2028 US$ 58.6 Billion
CAGR CAGR of 2.8% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Type (Composites, Plastics, Metals, Fabric, Leather, Others)
• by Vehicle Type (Passenger cars, LCV, HCV)
• by Application (Dashboard, Seats, Airbags & Seat belts, Door panel & trims, Carpet and headliners, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles 3M, BASF SE, Toyota Boshoku Corporation, Celanese Corporation, ARKEMA Group, Covestro AG, Delphi Automotive Plc, Dow, Evonik Industries AG, Hexcel Corporation, Huntsman International LLC, Stahl Holding B.V., Wacker Chemie AG, Bayerische Motoren Werke AG, Grammer AG, Grupo Antolin-Irausa SA, Technical Textile Services Ltd., Toyoda Gosei Co., Ltd., and ZF Friedrichshafen AG
Key Drivers •Expectations for automobile interiors that are both visually beautiful and comfy.

•The increased technological advancements.
RESTRAINTS •Improper disposal of effluents from the tanning industry damages the genuine leather market.

•Genuine leather is the most expensive material currently utilized as automotive upholstery.


Frequently Asked Questions (FAQ) :

Ans:- The market size is expected to reach USD 58.6 billion by 2028.

Ans:- The materials used in the interior of a vehicle are referred to as automotive interior materials.

Ans:- Improper disposal of effluents & Genuine leather is the most expensive material are the primary market restraints for the market.

Ans:- 3M, BASF SE, Toyota Boshoku Corporation, Delphi Automotive Plc, Hexcel Corporation, Wacker Chemie AG, Bayerische Motoren Werke AG, Grammer AG, Grupo Antolin-Irausa SA, Technical Textile Services Ltd., Toyoda Gosei Co., Ltd., and ZF Friedrichshafen AG are the most prominent players in the market.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Automotive Interior Materials Market Segmentation, By Type

8.1 Composites

8.2 Plastics

8.3 Metals

8.4 Fabric

8.5 Leather

8.6 Others

 

9. Global Automotive Interior Materials Market Segmentation, By Vehicle Type

9.1 Passenger car

9.2 LCV

9.3 HCV

 

10. Global Automotive Interior Materials Market Segmentation, by Application

10.1 Dashboard

10.2 Seats

10.3 Airbags & Seat belts

10.4 Door panel & trims

10.5 Carpet and headliners

10.6 Others

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 Toyota Boshoku Corporation,

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 3M

12.3 BASF SE

12.4 Celanese Corporation

12.5 ARKEMA Group

12.6 Covestro AG

12.7 Delphi Automotive Plc

12.8 Dow

12.9 Evonik Industries AG

12.10 Hexcel Corporation

12.11 Huntsman International LLC

12.12 Stahl Holding B.V.

12.13 Wacker Chemie AG

12.14 Bayerische Motoren Werke AG

12.15 Grammer AG

12.16 Grupo Antolin-Irausa SA

12.17 Technical Textile Services Ltd.

12.18 Toyoda Gosei Co., Ltd.

12.19 ZF Friedrichshafen AG.

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

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Secondary Research

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