Automotive Interior Materials Market 2021-2026; Growth Forecast & Industry Share Report
Category: #business  By Ronak Bora  Date: 2021-08-03
  • share
  • Twitter
  • Facebook
  • LinkedIn
Automotive Interior Materials Market 2021-2026; Growth Forecast & Industry Share Report

On the geographical front, automotive interior materials market in North America will account for 15% of the global industry share by the end of the forecast time period. This can be ascribed to the fact that the region houses a well-established automotive industry. The presence of top-class manufacturing facilities along with key automobile manufacturers is largely contributing towards regional automotive industry growth.

Get sample copy of this research [email protected]  https://www.decresearch.com/request-sample/detail/2086

Automotive interior materials market is likely to witness exponential growth over the forecast time period owing to the increase in demand for automobiles. This may be credited to the increasing consumer disposable incomes and rising purchase parity, which is making automobile sales more commonplace than ever before. In consequence, automakers have been working toward enhancing automotive interiors, and have been engaged in several strategic measures, which is expected to stimulate market growth in the years to come.

Citing an instance, in March 2020, Sage Automotive Interiors, a leading provider of automotive interior materials, reportedly signed an agreement to buy Adient’s automotive fabric business for nearly $175 million. The key goal was to expand capacity and capability for automotive interior products across the European market. Such acquisitions are expected to create new revenue opportunities for the market players, thereby strengthening the company’s position in the industry.

The rapidly increasing passenger vehicle sales across the globe, quite overtly, is a major factor expected to increase the demand for automotive interior materials over the coming years. This can be attributed to factors such as rapid urbanization, rising disposable incomes of middle-class individuals, and strong economic development across developed and developing nations. In addition, supportive government initiatives across major Asian countries have further attracted significant investments from prominent automotive manufacturers, which is likely to reinforce automotive manufacturing capabilities over the coming years.

In terms of application, the steering wheels segment is likely to witness  around 4.5% CAGR over the forecast time period. Surging number of amenities incorporated on the steering wheel is likely to drive the demand for interior materials from commercial vehicles. Likewise, a large number of aftermarket offerings in steering wheels in the form of grips and covers will support segmental growth.

Hexcel Corporation, Trinseo S.A., Covestro AG, UFP Technologies, BASF SE, Dow Chemical Company, Continental AG, Saudi Basic Industries Corporation (SABIC), Borealis AG Toray Industries, Inc., Evonik Industries AG, Stahl Holdings B.V., Huntsman International, Arkema, and Sumitomo Chemical Company among many others are some of the key players operating in the automotive interior materials market.

Get this report Customized to your [email protected] https://www.decresearch.com/roc/2086

Some Point from Table of Contents:

Chapter 5. Automotive Interior Materials Market, By Application

5.1.    Global automotive interior materials market application insights

5.2.    Consoles & dashboards

5.2.1. Market estimates and forecasts, 2016 - 2026

5.2.2. Market estimates and forecast, by region, 2016 - 2026

5.3.    Doors

5.3.1. Market estimates and forecasts, 2016 - 2026

5.3.2. Market estimates and forecast, by region, 2016 – 2026

5.4.    Seats

5.4.1. Market estimates and forecasts, 2016 - 2026

5.4.2. Market estimates and forecast, by region, 2016 – 2026

5.5.    Steering wheels

5.5.1. Market estimates and forecasts, 2016 - 2026

5.5.2. Market estimates and forecast, by region, 2016 – 2026

5.6.    Floor carpets

5.6.1. Market estimates and forecasts, 2016 - 2026

5.6.2. Market estimates and forecast, by region, 2016 – 2026

5.7.    Others

5.7.1. Market estimates and forecasts, 2016 - 2026

5.7.2. Market estimates and forecast, by region, 2016 - 2026

Chapter 6. Automotive Interior Materials Market, By Vehicle

6.1.    Global automotive interior materials market vehicle insights

6.2.    Passenger cars

6.2.1. Market estimates and forecasts, 2016 - 2026

6.2.2. Market estimates and forecast, by region, 2016 - 2026

6.3.    LCV

6.3.1. Market estimates and forecasts, 2016 - 2026

6.3.2. Market estimates and forecast, by region, 2016 – 2026

6.4.    HCV

6.4.1. Market estimates and forecasts, 2016 - 2026

6.4.2. Market estimates and forecast, by region, 2016 - 2026

Browse complete Table of Contents (ToC) of this research report @

https://www.decresearch.com/toc/detail/automotive-interior-material-market

 

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

Read More >>

More News By Ronak Bora

Utility Boiler Market Top Trends, Opportunities & Forecasts To 2024
Utility Boiler Market Top Trends, Opportunities & Forecasts To 2024
By Ronak Bora

The robustly escalating demand for energy coupled with the rapidly improving economic conditions globally have led to utility boiler market registering high growth prospects lately. The ongoing push that predominantly focuses upon the expansion of po...

Gas Fired Boiler Market Trends, Reginal Opportunities & Growth Outlook To 2024
Gas Fired Boiler Market Trends, Reginal Opportunities & Growth Outlook To 2024
By Ronak Bora

The worldwide adoption of sustainable and energy efficient systems has led to an exponential surge in gas fired boiler market in the recent years. In line with this, governmental initiatives and regulatory measures toward curbing greenhouse gas emiss...

Hydropower Turbine Market Opportunities, Statistics & Growth Analysis To 2025
Hydropower Turbine Market Opportunities, Statistics & Growth Analysis To 2025
By Ronak Bora

With tightening government regulations to curb greenhouse gas emissions and rising electricity demand from the manufacturing sector, the hydropower turbine market is estimated to record substantial gains over the forthcoming time period. Hydropower h...