Industries > Chemicals > Automotive Interior Leather Market Report 2020-2030
Automotive Interior Leather Market Report 2020-2030
Automotive Interior Leather Market Report 2020-2030: A Global Automotive Interior Leather Market Estimate and Forecast – Industry Insights for Consumption, Demand, Production, Price Trend, Competitive Intelligence and Opportunity Analysis Along the Value Chain
Global automotive interior leather market was valued at $30.1 billion in 2018. The growth of the market is owing to the increasing automotive manufacturing activities being undertaken in several developing countries such as India and China. Rampant demand from car owners for developing high quality synthetic leather and sophisticated aesthetics is thereby anticipated to propel the growth of global automotive interior leather market at rapid pace.
In order to fulfil the ever increasing demand of luxury and comfort by the customers automobile manufacturers are rapidly upgrading interiors of automobiles. The leather interior helps in high temperature and UV resistant pigments, specifically tanned that can be utilised for transportation purpose and resistant from cold crack. Moreover, creation of bio-based leathers is anticipated to create ample opportunities for the global automotive interior leather market.
Leather is the most convincing material for manufacturing carpets for automobiles as it is a naturally extracted material that delivers premium and fine finish to the vehicle that is durable as well. Leather interiors are considered to be easy to clean, maintain, ability to resist stain and softness are key properties that are further anticipated to bolster the growth of global automotive interior leather market.
Increasing changes among consumers pertaining to the application of artificial leather in automotive domain is the key factor driving the growth of global automotive interior leather market. The mobility requirement of the customers from product ownership has been shifted to enriched usability that is further creating ample opportunities for existing manufacturers as well as new players to gain significant market gains. In order to provide enhanced usability reinforces the brand to redefine customer strategies and tap large market base.
Automobile providers are also catering personalized mobility trend wherein customers are becoming extremely conscious about the interior materials of automobile. Additionally, seats developed with leather provide remarkable superior level of durability and comfort and manufacturers are rapidly developing latest features and innovative material in order to further contribute towards the growth of the global automotive interior leather market. However, volatility in prices of leather and high raw material cost is the key factor that is anticipated to hamper the growth of global automotive interior leather market.
Automotive interior leather market forecast 2020 – 2030 estimates the historical market size in terms of revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the automotive interior leather manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. Industry players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.
On the basis of vehicle, the global automotive interior leather market is classified into light commercial vehicles, passenger cars, and trucks and buses. Amongst these segments, passenger cars is anticipated to generate largest revenue by 2030 owing to the increasing consumption of passenger cars and protecting it from various environmental conditions such as heat and dust.
Based on material, the global automotive interior leather market is categorised into synthetic and genuine. Amongst these segments, genuine leather is contributing larger market revenue throughout the estimated period owing to rampant adoption of these materials in high end vehicles despite availability of various substitutes such as faux variants. Genuine leather is considered as a by-product for the meat industry and provides high penetration.
On the basis of application, the global automotive interior leather market is segmented into headliners, carpet, upholstery, seat belt, and others. Amongst these segments, upholstery is anticipated to generate largest revenue by 2030 as seats of automobiles are upholstered extremely frequently and are exposed to large amount of use and damage. Furthermore, handling upholstery requires use of specialized and skilled workforce and utilization of machinery while handling it.
Automotive interior leather market in North America is anticipated to generate largest revenue by 2030 owing to increasing demand for automotive interior leather by consumers for commercial and personal applications in the vehicles. Automotive interior leather market in Asia-Pacific is expected to witness highest CAGR during the forecast period owing to increasing number of populations in the region, rapid urbanization and increasing demand for vehicles from the consumers.
China is the prospective market for automotive interior leather as large number of interior leather manufacturers is present in the country. Additionally, increasing disposable income of population in countries such as India is creating ample opportunities for automotive interior leather market to grow at substantial rate.
The report also offers the insights for the European, Latin American, and Middle East and African Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided.
The eminent key players in the global automotive interior leather market are incurring expenses on technological advancements in order to provide leather to the automobile manufacturers at reasonable prices. Moreover, entering into partnership agreements and joint ventures are the key development strategies being implemented by the crucial players in global automotive interior leather market market.
Some of the players having prominent presence in the global automotive interior leather market include Boxmark Leather Gmbh & Co KG, Dk Leather Corporation Berhad, Gst Autoleather, Inc., Wollsdorf Leder Schmidt & Co Ges.M.B.H., Eagle Ottawa, Llc, Lear Corporation, Mayur Uniquoters Limited, Alphaline Auto, Alfatex Italia Srl, Bader GmbH & Co. KG, Scottish Leather Group Limited, Elmo Sweden AB, Ctl Leather Inc., Kuraray Co., Ltd., Classic Soft Trim, and Katzkin Leather Inc.
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