According to a new market report published by
Lucintel, the future of the global automotive interior material market looks promising
with opportunities in the passenger car and commercial vehicle segments. The
global automotive interior material market is expected to reach an estimated
$108.3 billion by 2022 and it is forecast to grow at a CAGR of 5.5% from 2017
to 2022. The major growth drivers for this market are increasing vehicle production,
growing demand for advanced vehicle safety and comfort systems, and rising
demand for premium aesthetic vehicles with lightweight interior materials.
In this market, plastics, fabrics, and leather
are some of the major segments of automotive interior materials. On the basis
of our comprehensive research, Lucintel forecasts that the leather and fabrics segments
will show above average growth during the forecast period.
Within the global automotive interior
materials market, the leather segment is expected to remain the largest market.
Vehicle manufacturers are providing leather upholstery in mid-range and premium
cars, which would spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest
market due to high vehicle production, improvement in the economic conditions,
and increasing investment by the industry players within the APAC region.
Asia Pacific
and the Rest of the World are expected to witness significant growth over the
forecast period because of rapidly increasing demand for
premium aesthetic interior materials in small, compact, and mid-size cars.
For business expansion, this report suggests
innovation and new product development to produce environmentally friendly,
lightweight, smart interior materials which will enhance the aesthetic appeal
of the vehicle. The report further suggests the development of partnerships
with customers to create win-win situations and the development of low-cost
solutions for customers.
Emerging trends, which have a direct impact on
the dynamics of the industry, include increasing demand for smart fabrics and increasing
demand of natural fiber composites in vehicle interior. BASF SE, Lear
Corporation, GST AutoLeather, Inc., Seiren Co., Ltd. and Borger AG are the
major automotive interior material suppliers in the global automotive interior
material market. Several of these companies are seeking mergers and
acquisitions as strategic initiatives to drive growth.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global automotive interior material market by material, vehicle type,
application type, and region. Lucintel has compiled a comprehensive research
report entitled “Growth
Opportunities in the Global Automotive Interior Material Market 2017-2022:
Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a springboard
for growth strategy, as it provides comprehensive data and analysis on trends,
key drivers, and directions. The study includes a forecast for the global
automotive interior material market by material, vehicle type, application
type, and region, as follows:
By material (Value ($ billion) and Volume (billion lbs.) from
2011 to 2022):
·
Plastics
·
Fabrics
·
Leathers
·
Other Materials
By vehicle type (Value ($ billion) and Volume (billion lbs.) from
2011 to 2022):
·
Small Cars
·
Compact Cars
·
Mid-size Cars
·
Large Cars
·
SUV
·
MPV
·
Pickup Truck
·
Others
By application type [Volume (Billion lbs.) and
$ billion from 2011 to 2022]:
·
Seating
·
Dashboard
·
Airbag & seat belt
·
Door panel
·
Carpet & headliner
·
Interior trim
·
Others
By region (Value
($ billion) and Volume (billion lbs.) from 2011 to 2022):
·
North America
·
Europe
·
Asia Pacific
·
Rest of the World
This
275-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com. Lucintel offerings include Mass Transportation, Transportation Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT
Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services for executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers the following 11 key questions:
Q. 1. What
are some of the most promising, high-growth opportunities for the automotive interior
material market by material (plastics, fabrics, leather, and others), vehicle
type (small car, compact car, mid-size car, large car, SUVs, MPVs, pickups, and
others), application type (seating, dashboard, airbag & seat belt, door
panel, carpet & headliner, interior trim, and others), and region (North
America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2. Which
segments will grow at a faster pace and why?
Q. 3. Which
region will grow at a faster pace and why?
Q. 4. What
are the key factors affecting market dynamics? What are the key challenges and
business risks in this market?
Q. 5. What are the business risks and competitive threats in this market?
Q. 6. What
are the emerging trends in this market and the reasons behind them?
Q. 7. What
are some of the changing demands of customers in the market?
Q. 8. What
are the new developments in the market? Which companies are leading these
developments?
Q. 9. Who
are the major players in this market? What strategic initiatives are key
players pursuing for business growth?
Q. 10. What are some of the competing
products in this market and how big of a threat do they pose for loss of market
share by material / product substitution?
Q. 11. What M & A activity has occurred
in the last 5 years and what is its impact on the industry?
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