The Global Automotive Interior Trims Market was valued at US$ 24.82 billion in 2021 and is predictable to reach US$ 38.25 billion by 2030; growing at a CAGR of 4.9 % during the forecast period, i.e., from 2021 - 2030.
The vehicle’s interior is an important factor responsible for the consumers to purchase the vehicle which comprises various components such as door panels, automotive seats, headliners, cockpit modules among others. Such components deliver the consumer grip, comfort, and sound insulation.
Increasing preferences of the consumers for the latest and advanced designs and facilities, shifting for greener vehicles, change in lifestyle adaption, and consumers spending ability the purchase of vehicles are the prime factors attributing to the global market growth. Craving for safety, comfortability, newer experience, and convenience are the factors fuelling the demand for the market rise. Aesthetic features in the passenger vehicle segment have showcased the consumers to spend on such features. In addition, luxurious car brands are also offering technologically improved automotive interiors with customizable controls that integrate easily with the dashboard increases the sale of luxurious cars has raised the sale volume across the globe thus augmenting the market growth for automotive interior trims market during the forecast period.
Moreover, government regulations for passenger & vehicle safety, the lightweight of the vehicles, and carbon emission reduction are aiming the OEM manufacturers to deliver boosted safety features. The use of lightweight materials such as polymer materials helps in the overall weight reduction while maintaining the safety standards of the vehicle which encourages to adopt for automotive interior materials.
Uncertainty in the global trade & rising tax on the imports of the automotive parts by the government, and increasing cost of genuine leather for the interiors of the vehicle are restraining the global automotive interior trims market. However, the huge demand and production of greener vehicles (hybrid and electric vehicles) in developing economies is expected to boost the global automotive interior trims market during the forecast period.
The Global Automotive Interior Trims Market is segmented by component, type, vehicle type, and region. Based on component, it is categorized into flooring, automotive seat, cockpit module, door panel, interior lighting, and others (acoustic systems, overhead systems, and sun visors). By type, it bifurcates into genuine leather, synthetic leather, polymers, fabric, and others (wood, rubber). Vehicle type segments into light commercial vehicles, passenger vehicles, and heavy commercial vehicles. Based on regional insights, the global automotive interior trims market is categorized into North America (US, Canada, Mexico, Rest of America), Asia Pacific (India, China, Rest of Asia Pacific), Europe (UK, Germany, Russia, Rest of Europe) and Rest of the world (Latin America and Middle East & Africa).
Asia Pacific region is expected to garner the highest market revenue share owing to increasing demand for luxury and comfort vehicles in the region, increasing indispensable income, increasing urban population, rising manufacturing facilities, and inclination towards the adoption of greener vehicles.
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.
Segmentation and Scope of the Global Automotive Interior Trims Market
Global Automotive Interior Trims Market is segmented by component, type, vehicle type, and region.
By Vehicle Type
Rest of World
Middle East & Africa
Prominent players in the Global Automotive Interior Trims Market among other includes