Automotive Interior Materials Market Size, Share, Growth Analysis, By Product type(Leather, Composite, Plastic, Metals), By Application(Dashboard, Seats, Airbags & Seat belts, Door panel & Trims), By Vehicle(Passenger vehicle, Light commercial vehicle, Heavy commercial vehicle), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25A2130 | Region: Global | Published Date: July, 2036
Pages: 280 |Tables: 96 |Figures: 76

Automotive Interior Materials Market Insights

Automotive Interior Materials Market size was valued at USD 56.09 billion in 2019 and is poised to grow from USD 78.2 billion in 2023 to USD 80.2 billion by 2031, growing at a CAGR of 3.9% in the forecast period (2024-2031).

Automotive interior materials are resources used inside automobile cabins. Composites, metals, and plastics are among them. The cabin section accounts for a significant portion of the total vehicle weight. As a result, it is critical to create lightweight interior materials in order to reduce emissions. Materials are classified into Synthetic Leather, Leather, Thermoplastic Polymer, Fabric, and Others based on the product. Automotive interior materials are used in a variety of applications, including passenger vehicles, light commercial vehicles, and heavy commercial vehicles. The growing automotive industry in emerging economies, as well as a growing emphasis on vehicle weight reduction to improve fuel efficiency, are expected to drive the Automotive Interior Materials Market over the forecast years. The Global Automotive Interior Materials Market report offers a comprehensive analysis of the market. The report provides a thorough examination of key segments, trends, drivers, restraints, the competitive landscape, and factors that are significant in the market.

US Automotive Interior Materials Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 56.09 billion

Largest Segment

Passenger vehicle

Fastest Growth

Passenger vehicle

Growth Rate

3.9% CAGR

Global Automotive Interior Materials Market 2021-2028 ($ Mn)
Country Share for Asia-Pacific Region- 2021 (%)

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Automotive Interior Materials Market Segmental Analysis

Global automotive interior materials market is segmented based on product type, application, vehicle type, and region. Based on product type, Automotive Interior Materials Market is segmented as leather, composite, plastic, metals, fabric. Based on application, Automotive Interior Materials Market is segmented as dashboard, seats, airbags & seat belts, door panel & trims, carpet and headliners, others. Based on vehicle type, Automotive Interior Materials Market is segmented as passenger vehicle, light commercial vehicle, heavy commercial vehicle. Based on region, Automotive Interior Materials Market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa.

Automotive Interior Materials Market Analysis by Product Type:

In terms of revenue, plastic accounted for 43.6 percent of the market for automotive interior materials. Modern plastic interiors look and feel like premium materials thanks to technological advances in blended polymers and design and processing techniques. Demand for aesthetically pleasing car interiors has increased, which will drive up demand for plastics in automotive interiors over the forecast period. Leather is the most expensive material, and it takes much longer to stitch and trim than fabric. Because of the cost savings, aesthetic appeal, and other advantages, many automakers are using synthetic leather in their vehicles. Over the forecast period, this is expected to drive demand for synthetic leather. Fabric interiors are thought to be both comfortable and appealing. Wool, for example, is versatile and long-lasting, and thus widely used in automobile interiors. Wool's ability to be dyed and woven into any texture has increased its use in seat and door panels, creating huge opportunities for this market. Over the forecast period, design flexibility, material anisotropy, corrosion resistance, and favourable mechanical properties are expected to boost demand for composite automotive interior materials.

Global Automotive Interior Materials Market By Vehicle Type, 2021 (%)

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Automotive Interior Materials Market Regional Insights

Based on region, global automotive interior materials market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa. From 2022 to 2028, Asia Pacific is expected to grow at a CAGR of 6.4 percent. Increased government support in the form of subsidies and favourable regulations is expected to entice automotive manufacturers to establish plants in the region, driving the growth of the APAC automotive interior materials market for. Europe is expected to grow at a CAGR of 3.9 percent from 2022 to 2028 and will continue to be a significant market in the global scenario. Because of the importance of automotive interiors to European consumers, manufacturers have been able to innovate and market a variety of applications, which is expected to drive demand. Because of increased demand for passenger vehicles, frequent technological advancements, and the economic feasibility of premium options, the market for automotive interior materials in North America is comparatively more developed. Owing to North America's widespread reliance on automobiles for personal transportation, the market in this region is expected to grow steadily. Furthermore, demand is expected to rise significantly as a result of strict fuel economy standards.

Global Automotive Interior Materials Market By Geography, 2021 - 2028
  • Largest
  • Fastest

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Automotive Interior Materials Market Dynamics

Automotive Interior Materials Market Drivers

Changing Regulatory Landscape, Combined With Weight Reduction Driving Market Growth

  • The automotive industry's primary goal is to improve fuel efficiency and reduce emissions by reducing vehicle weight. As a result, consumers are adopting various lightweight materials, which are expected to drive market growth. With the imposition of stringent standards such as CAFE (Corporate Average Fuel Economy), automakers are aiming for high consumption of lightweight materials in vehicles such as plastics, composites, and fabrics. In North America, for example, the 2025 CAFE standards require automakers to deliver a fleet average of at least 54.5 mpg. Furthermore, automakers will have more freedom to change the design in order to maximize performance by using materials such as plastics and composites.

Automotive Interior Materials Market Restraint

Uncertainty in the Global Automotive Industry to Restrict Market Expansion

  • In recent years, the expansion of the automotive interior materials market has been hampered by the slow or flat growth of the world's major automotive markets. According to OICA (Organisation Internationale des Constructeurs d'Automobiles) statistics, countries such as China, Spain, Turkey, Canada, South Korea, and others experienced negative growth rates in the automotive industry in 2018. In 2019, countries such as India experienced negative growth, which had a significant impact on regional market revenue. The Coronavirus outbreak in China has hampered the growth of the country's and several other regions' automotive industries.

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Automotive Interior Materials Market Competitive Landscape

The global automotive interior materials market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective.

Top Players in the Automotive Interior Materials Market

  • Lear Corporation
  • Johnson Controls International PLC
  • Faurecia SA
  • Toyoda Gosei Co. Ltd.
  • Adient plc
  • Grupo Antolin-Irausa S.A.
  • Sage Automotive Interiors Inc.
  • Seiren Co. Ltd.
  • DK Leather Corporation Berhad
  • Bader GmbH & Co. KG
  • Suminoe Textile Co. Ltd.
  • Futuris Automotive Inc.
  • Nihon Plast Co. Ltd.
  • GST AutoLeather Inc.
  • BASF SE
  • Covestro AG
  • ExxonMobil Chemical Company
  • Sabic
  • DuPont de Nemours, Inc.
  • Koninklijke DSM N.V.

Automotive Interior Materials Market Recent Developments

  • Faurecia announced a USD 147 million investment in developing a new facility in Nuevo Leon, Mexico, in May 2022. The factory will be a combined operation that will serve the company's Interiors and Seating Business Groups. The Interiors Business Group at Faurecia will receive USD 75 million of the total investment to boost production, which will be used initially to develop and install instrument panels and other interior modules. The remaining USD 72 million will go to Faurecia's Seating Business Group.
  • Faurecia and Veolia signed an agreement in May 2022 to collaborate on the development of innovative compounds for automotive interior modules. The two companies will collaborate to accelerate the deployment of ground-breaking sustainable interiors solutions in European instrument panels, door panels, and centre consoles.

Automotive Interior Materials Key Market Trends

Rising Adoption of Bioplastics and Veganism' to Drive Market Growth

  • Plastics have long been used in the automotive industry for a variety of applications such as interior, exterior, under the hood, and others because they offer several advantages such as reduced weight, flexibility, and design. With fossil fuel as a finite resource for plastics, the industry is now embracing bio-based plastics to ensure the continued use of automobiles for weight reduction and high performance. The interiors of the Lexus HS 250h, for example, are made of bioplastics. Toyota, for example, has used bio-based plastics such as bio-polyesters, bio-PET (polyethylene terephthalate), and PLA-blends (polylactic acid) in various interior components of their vehicles.

Automotive Interior Materials Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global automotive interior materials market analysis, Asia Pacific and the Middle East and Africa have a higher penetration of the automotive interior materials market. This expansion is attributed to rising economic conditions and urbanization in Asia Pacific, the Middle East and Africa. The automotive interior materials market is being driven by increased globalization, improved fuel efficiency, and a high demand for new technologies and customization.

Report Metric Details
Market size value in 2023 USD 56.09 billion
Market size value in 2031 USD 80.2 billion
Growth Rate 3.9%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product type
    • Leather, Composite, Plastic, Metals, Fabric
  • Application
    • Dashboard, Seats, Airbags & Seat belts, Door panel & Trims, Carpet, headliners, Others
  • Vehicle
    • Passenger vehicle, Light commercial vehicle, Heavy commercial vehicle
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Lear Corporation
  • Johnson Controls International PLC
  • Faurecia SA
  • Toyoda Gosei Co. Ltd.
  • Adient plc
  • Grupo Antolin-Irausa S.A.
  • Sage Automotive Interiors Inc.
  • Seiren Co. Ltd.
  • DK Leather Corporation Berhad
  • Bader GmbH & Co. KG
  • Suminoe Textile Co. Ltd.
  • Futuris Automotive Inc.
  • Nihon Plast Co. Ltd.
  • GST AutoLeather Inc.
  • BASF SE
  • Covestro AG
  • ExxonMobil Chemical Company
  • Sabic
  • DuPont de Nemours, Inc.
  • Koninklijke DSM N.V.
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Automotive Interior Materials Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Automotive Interior Materials Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Automotive Interior Materials Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Interior Materials Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Interior Materials Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Automotive Interior Materials Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Automotive Interior Materials Market size was valued at USD 56.09 billion in 2019 and is poised to grow from USD 78.2 billion in 2023 to USD 80.2 billion by 2031, growing at a CAGR of 3.9% in the forecast period (2024-2031).

The automotive interior materials market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective. 'Lear Corporation', 'Johnson Controls International PLC', 'Faurecia SA', 'Toyoda Gosei Co. Ltd.', 'Adient plc', 'Grupo Antolin-Irausa S.A.', 'Sage Automotive Interiors Inc.', 'Seiren Co. Ltd.', 'DK Leather Corporation Berhad', 'Bader GmbH & Co. KG', 'Suminoe Textile Co. Ltd.', 'Futuris Automotive Inc.', 'Nihon Plast Co. Ltd.', 'GST AutoLeather Inc.', 'BASF SE', 'Covestro AG', 'ExxonMobil Chemical Company', 'Sabic', 'DuPont de Nemours, Inc.', 'Koninklijke DSM N.V.'

The automotive industry's primary goal is to improve fuel efficiency and reduce emissions by reducing vehicle weight. As a result, consumers are adopting various lightweight materials, which are expected to drive market growth. With the imposition of stringent standards such as CAFE (Corporate Average Fuel Economy), automakers are aiming for high consumption of lightweight materials in vehicles such as plastics, composites, and fabrics. In North America, for example, the 2025 CAFE standards require automakers to deliver a fleet average of at least 54.5 mpg. Furthermore, automakers will have more freedom to change the design in order to maximize performance by using materials such as plastics and composites.

Plastics have long been used in the automotive industry for a variety of applications such as interior, exterior, under the hood, and others because they offer several advantages such as reduced weight, flexibility, and design. With fossil fuel as a finite resource for plastics, the industry is now embracing bio-based plastics to ensure the continued use of automobiles for weight reduction and high performance. The interiors of the Lexus HS 250h, for example, are made of bioplastics. Toyota, for example, has used bio-based plastics such as bio-polyesters, bio-PET (polyethylene terephthalate), and PLA-blends (polylactic acid) in various interior components of their vehicles.

Based on region, automotive interior materials market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa. From 2022 to 2028, Asia Pacific is expected to grow at a CAGR of 6.4 percent. Increased government support in the form of subsidies and favourable regulations is expected to entice automotive manufacturers to establish plants in the region, driving the growth of the APAC automotive interior materials market for. Europe is expected to grow at a CAGR of 3.9 percent from 2022 to 2028 and will continue to be a significant market in the scenario. Because of the importance of automotive interiors to European consumers, manufacturers have been able to innovate and market a variety of applications, which is expected to drive demand. Because of increased demand for passenger vehicles, frequent technological advancements, and the economic feasibility of premium options, the market for automotive interior materials in North America is comparatively more developed. Owing to North America's widespread reliance on automobiles for personal transportation, the market in this region is expected to grow steadily. Furthermore, demand is expected to rise significantly as a result of strict fuel economy standards.

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