A vehicle’s aesthetic appeal is the prime reason to attract consumers for buying the vehicles. Mounting preferences for the latest and advanced designs and facilities, rising disposable income of the consumers, inclination towards electric vehicles are primarily driving the global market growth.
Craving for comfortability, convenience, safety, and new experience is fuelling the demand for the automotive interior trims market. Rising disposable has enabled the consumers to spend on such features.
Increasing penetration of interior trims has created the acceptance of carbon fiber and plastic coupled with leather and fabric applications. In addition, the adoption of automation in manufacturing industries is creating huge opportunities for the growth of the global market.
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By vehicle type segment, the passenger vehicle is projected for the highest market share owing to rising disposable incomes of the consumers and growing luxury & comfort among the consumers across the globe is propelling the growth of the automotive interior trims market in the upcoming years.
Further, strict regulation by the government for aiming for passenger and vehicle safety, reduction of carbon emissions, and minimizing the curb weight of the vehicle is targeting the OEMs manufacturer to implement the safety features.
Polymer materials are diminishing the overall weight reduction of the vehicle and inspire the key players to accept it for automotive interior materials.
However, rising import taxes on automotive parts, uncertainty in the global trade, and the mounting cost of genuine leather limit the market expansion of the interior trims for automotive.
Asia Pacific region is anticipated to deliver the highest market share owing to rising disposable incomes, growing population, and rising manufacturing hub in the region. In addition, inclination towards electric & hybrid vehicles and their production in the developing economies is anticipated to propel the global automotive interior trims market during the forecast period.
Prominent players inducing the Global Automotive Interior Trims Market are Cooper Standard, Toyoda Gosei, Hutchinson, Henniges, Nishikawa Rubber, SaarGummi, Hyundai Mobis Company Ltd., Adient, Grupo Antolin, Lear Corporation, Robert BOSCH, Visteon Corporation, and Faurecia S.A. among others.
Global Automotive Interior Trims Market Segmentation:
By Component
- Flooring
- Automotive Seat
- Cockpit Module
- Door Panel
- Interior Lighting
- Others
- Acoustic Systems
- Overhead Systems
- Sun Visors
By Type
- Genuine Leather
- Synthetic Leather
- Polymers
- Fabric
- Others
- Wood
- Rubber
By Vehicle Type
- Light Commercial Vehicles
- Passenger Vehicles
- Heavy Commercial Vehicles
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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