San Francisco, 04 March , Automotive Interior Materials Market
Analysis By Product (Leather, Composite, Plastic, Metals, Fabric), By
Application (Dashboard, Seats, Airbags & Seat Belts, Door Panel &
Trims, Carpet & Headliners), By Region, And Segment Forecasts, 2018 – 2025
The global automotive interior materials market is
anticipated to reach USD 66.5 billion by 2025, according to a new report by
Grand View Research, Inc. The market is projected to witness a high growth rate
owing to increase in demand for lightweight passenger vehicles.
Factors such as improved economic conditions and rapid
urbanization are likely to fuel the automotive interior materials market. In
addition, there has been a rise in demand for personalization of cars, which
will further create a positive outlook for this market.
Growth in interest for attractive automobile interiors,
coupled with improved economic conditions in developing regions, is expected to
boost this market over the forecast period. Market players are likely to focus
on product differentiation and expanding their product catalog in order to grab
market opportunities over the forecast period.
Presence of multiple leading market players has led to
increased competitive rivalry within the market for automotive interior
materials. Focus on product differentiation and expansion is expected to be the
key to market dominance over the forecast period. Leading players have
expressed interest in expanding their distribution channels as well as
investing in mergers and acquisitions to strengthen their global reach in the
market for automotive interior materials.
Access
Full Research Report On Automotive
Interior Materials Market Analysis:
Further key findings from the report
suggest:
·
By product, plastic accounted for a revenue
share of 43.6% in 2016. Plastics are used in lightweight vehicles, which have
gained consumer preference in recent years
·
Composite products accounted for a revenue
share of 10.2% in 2016 and is projected to grow at a CAGR of 5.3%. This can be
attributed to rise in demand for lightweight and fuel-efficient vehicles
·
Dashboard held a share of 33.0% by
application in 2016 and is expected to witness significant growth over the
forecast period. Plastics and composites are likely to be utilized in dashboard
applications by automotive manufacturers due to their low cost and high
durability
·
Asia Pacific held the highest revenue share
of 53.0% by region in 2016 and is estimated to dominate the market over the
forecast period. This dominance can be attributed to increase in demand for
vehicles from developing countries such as India and China
·
Regional expansion by way of mergers and
acquisitions, along with new product development, is a key strategy adopted by
major market players in order to strengthen their position globally. Players
are focused on innovating new products with multiple applications to expand
their product portfolio
·
In June 2016, Lear Corporation signed an
agreement to construct a technology complex in Shanghai, China. The aim of the
agreement was to boost the company’s business in China and rest of Asia
Pacific, thus creating a pathway for long-term growth in the developing region.
Browse More
Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the global automotive
interior materials market on the basis of product, application, vehicle type,
and region:
Automotive Interior Materials Product
Outlook (Revenue, USD Million, 2014 - 2025)
·
Leather
·
Composite
·
Plastic
·
Metals
·
Fabric
Automotive Interior Materials Application
Outlook (Revenue, USD Million, 2014 - 2025)
·
Dashboard
·
Seats
·
Airbags & Seat belts
·
Door panel & trims
·
Carpet and headliners
·
Others
Automotive Interior Materials Vehicle Type
Outlook (Revenue, USD Million, 2014 - 2025)
·
Passenger Vehicle
·
Light Commercial Vehicle
·
Heavy Commercial Vehicle
Automotive Interior Materials Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
U.K.
·
Asia Pacific
o
China
o
India
·
Central & South America
o
Brazil
·
Middle East & Africa
Browse Press
Release of this Report:
https://www.grandviewresearch.com/press-release/global-automotive-interior-materials-market
https://www.grandviewresearch.com/press-release/global-automotive-interior-materials-market
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This
U.S.-based market research and consulting company is registered in California
and headquartered in San Francisco. Comprising over 425 analysts and
consultants, the company adds 1200+ market research reports to its extensive
database each year. Supported by an interactive market intelligence platform,
the team at Grand View Research guides Fortune 500 companies and prominent
academic institutes in comprehending the global and regional business
environment and carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
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