U.S (New York)–The Report Ocean has recently published a new report titled “Automotive Interior Materials Market ” 2023, which outlines the regional and global markets that are predicted to experience significant growth between 2023 and 2031. This extensive research delves deeply into the market’s ever-changing dynamics, value chain analysis, competitive landscapes, investment hotspots, geographical landscape, and significant segments, providing critical insights and valuable information for policymakers, stakeholders, investors, newcomers, and industry professionals. In addition, the report provides a comprehensive examination of the industry’s controls and restraints, as well as information on the global industry’s plans and opportunities. By utilizing this report, individuals in the industry can capitalize on emerging opportunities, develop key strategies, and gain a competitive edge over rivals.
The global automotive interior materials market was valued at $77,553 million in 2015, and is expected to reach $124,469 million by 2022, registering a CAGR of 6.9% from 2016 to 2022. Automotive interior materials are manufactured from a varied array of resources, such as plastics, metals, and fabrics. Automobiles in the twenty-first century feature radically improved safety and sustainability attributes. Global emphasis is being placed on greenhouse gas reduction and fuel efficiency improvement in the transportation sector. To achieve lightweight architectures, without compromising on rigidity, automakers are performing R&D activities to replace steel with plastics, composites, foams, aluminum, and magnesium.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Demand for eco-friendly materials, especially from emerging countries, and strict fuel economy norms drive the growth of the automotive interior materials market. The recycling and recovery of end-of-life vehicles, which involves recovery targets of 85%, drive the automotive industry to adopt lightweight materials to meet these recovery targets. However, high cost of pure leather due to demand-supply gap is expected to restrict the market growth in future. Technological developments in production processes of automotive interior materials are expected to reduce cost of production and lead to superior sustainability, leading to improvement in performance efficiency.
The global automotive interior materials market is segmented based on type, vehicle, and geography. The type segment is classified into plastics, metals, fabrics, leather, composites, and others. Plastics are further segmented into polypropylene (PP), acrylonitrile butadiene styrene (ABS), polycarbonate (PC), and others, whereas metals include steel, aluminum, and others. Genuine and synthetic leather constitute the leather segment. Composites are bifurcated into glass fiber reinforced plastic (GFRP) and carbon fiber reinforced plastic (CFRP), while glass, wood, and rubber are some of the other materials utilized. Based on vehicle type, the market is divided into passenger, light commercial vehicle (LCV), and heavy commercial vehicle (HCV). By geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
In 2015, it occupied the largest market share, followed by North America, due to major growth in the automotive industry for a decade. Asia-Pacific is expected to dominate the global market by 2022, witnessing substantial growth in widely populated countries such as India, China, and Indonesia.
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The prominent players in the global automotive interior materials market have strategically focused on product launches as their key strategy to gain significant market share.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current trends and emerging estimations & dynamics in the automotive interior materials market.
In-depth analysis of automotive interior materials market size is conducted and estimations for key segments between 2014 and 2022 are provided.
Competitive intelligence (of leading manufacturers and distributors of automotive interior materials) helps understand the competitive scenario across the geographies.
Global automotive interior materials industry analysis for factors that drive and restrain the growth of the market are provided.
Automotive interior materials industry analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
Automotive interior materials market share for all segments with respect to each geography is detailed in the report, which helps in understanding the trends in the industry at granular level.
Key market players are profiled and their strategies are analyzed thoroughly, which provide a competitive outlook of the automotive interior materials industry trends.
The key players profiled in the report are as follows:
BASF SE
Benecke-Kaliko AG
Borgers SE & Co. KGaA
Dow Chemical Company
DK-Schweizer Co., Ltd.
Eagle Ottawa LLC
E.I. du Pont de Nemours & Co.
Faurecia Automotive GmBh.
Johnson Controls, Inc.
Katzkin Leather, Inc.
Lear Corporation
Sage Automotive Interiors, Inc.
Other players in the value chain include
Bayerische Motoren Werke AG
Celanese Corporation
Delphi Automotive Plc Grammer AG
Grupo Antolin-Irausa SA
Henkel Corporation
Stahl Holdings BV
Technical Textile Services Ltd.
Toyota Boshoku Corporation
Toyoda Gosei Co., Ltd.
ZF Friedrichshafen AG
KEY MARKET SEGMENTS
By Type
Plastics
PP
ABS
PC
Others
Metals
Steel
Aluminum
Others
Fabrics
Leather
Genuine
Synthetic
Composites
GFRP
CFRP
Others
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By Vehicle
Passenger
LCV
LCV
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Key Benefits of This Market Research:
- Industry drivers, restraints, and possibilities included in the study
- Neutral point of view on the market performance
- Recent enterprise developments and developments
- Competitive panorama and techniques of key players
- Potential and area of interest segments and areas exhibiting promising increase covered
- Historical, current, and projected market size, in phrases of value
- In-depth evaluation of the Market
- Overview of the regional outlook of the Market
Reasons for Buying Acetonitrile Market Report:
- This report gives a forward-looking prospect of various factors driving or restraining market growth.
- It renders an in-depth analysis for changing competitive dynamics.
- It presents a detailed analysis of changing competition dynamics and puts you ahead of competitors.
- It gives a ten-year forecast evaluated on the basis of how the market is predicted to grow.
- It assists in making informed business decisions by performing a pin-point analysis of market segments and by having complete insights of the Market.
- This report helps the readers understand key product segments and their future.
- From 2022 to 2031, All Recent Developments have been covered in this Report.
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