Automotive Interior Materials Market Competitive Dynamics, Size, Global Outlook And Forecast To 2025
Drivers and Constraints Impacting the Market
On the flip side, the rising cost of genuine leather owing to the demand-supply gap coupled with the regulations concerning synthetic leather are some of the major concerns anticipated to slowdown the market growth in the coming years.
Industry Updates
January 14, 2019: Corning Incorporated has recently introduced two new auto interior glass solutions at the Consumer Electronics Show in Las Vegas. The company’s latest gorilla glass for automotive interiors solutions have been designed to address the new trends and offer the highest product performance.
Segmental Analysis
The Automotive Interior Materials Market has been segmented on the basis of type, vehicle type, and region.
By mode of type, the global automotive interior material market has been segmented into fabric, synthetic leather, leather, and thermoplastic polymer. Polymers are considered to be the largest type of automotive interior material used as they are light in weight and help to reduce the overall weight of the vehicle.
By mode of vehicle type, the global automotive interior material market has been segmented into commercial vehicle and passenger vehicle. Among these, the passenger vehicles segment is considered to be the largest vehicle type owing to the high standard of living, increasing income, and growing economic conditions. Moreover, the need for safe and comfortable commute is anticipated to drive the segment.
Regional Insights
Geographically, the Automotive Interior Materials Market span across regions namely, Europe, Asia Pacific, North America, and Rest-of-the-World (Row).
Among all the regions, the Asia Pacific region is considered to occupy the largest market share during the appraisal period. The demand for automobiles is highly driven by the increasing population in economies such as India and China. Initiatives from the government towards safety drive are further promoting to the market growth.
The European region exhibits a significant growth rate and is considered to maintain its dominance in the coming years. Regulations associated with the improvement in crash performance and countermeasures in order to keep the passengers safe is fueling the market growth in this region.
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