Abstract
Summary
The automotive interior materials market is projected to reach USD 54.8 billion by 2026, at a CAGR of 2.6% from USD 48.1 billion in 2021. The automotive industry is currently under constant pressure to adapt to new changes due to technological advancements and end-user preferences. Vehicle interiors are key areas that have witnessed a rapid change due to various factors such as consumer demand for safety and comfort, preference for fuel efficiency, and increasing competition within the industry. Automotive interior materials are usually used in the manufacturing of seat covers, headrests, armrests, door panels, center consoles, floor mats, and dashboards. These materials are processed and supplied to OEMs for the manufacturing of the automotive component for vehicle types such as heavy commercial vehicles, light commercial vehicles, and passenger vehicles. The automotive interior materials market has been witnessing moderate growth. Optimizing fuel efficiency of vehicles by reducing the weight of automotive interior materials, increasing demand for newer technologies, and the rising need for customized interior components are responsible for the market growth. However, the improper disposal of effluents from the tanning industry is hindering the market growth, especially in the genuine leather segment.
“The polymer is the largest type of automotive interior materials for automotive interior materials market in 2020”
Polymers used in the automotive interior is generally thermoplastics which are multiphase compositions in which one phase consists of a material that is hard at room temperature and fluid when heated, and the other phase consists of an elastomeric material that is soft and rubberlike at room temperature. They are plastic materials that soften on heating to form a perfect mold. On cooling, they set to a new form with a smooth yet hard finish. Thermoplastic polymers are used for various interior and exterior components in the automotive industry. These polymers help OEMs in manufacturing lightweight and durable interior components. Some of the polymers used in automotive interiors are PP, PU, PVC, and others. These polymers are lightweight, making the vehicles more fuel efficient.
“Passenger vehicles is estimated to be the largest vehicle type of automotive interior materials market between 2021 and 2026.”
Passenger vehicles consist of all the vehicles which are used for the transportation of passengers. Personal cars, wagons, hatchbacks, sedans, SUV, MUV, estate cars, vans, pickups, and other personal-use vehicles are considered under this segment. These vehicles can carry one to eight people depending on their type. The technologies used in this type of vehicle are frequently changing due to the high demand from consumers for luxurious and convenience features. Passenger vehicle manufacturers emphasize on producing vehicles which would provide the utmost safety and exquisite ride quality to the passengers, as safety and luxury are important factors considered while buying any vehicle. Increasing living standards in emerging economies and shift of the production facilities of various manufacturers in these regions are the factors propelling the use of automotive interior materials in passenger vehicles.
“Door Panel is estimated to be the largest application of automotive interior materials market in 2020.”
Automobile doors panels are components that help mitigate the impact of side collisions and increase the overall safety of the occupant. The interior door panel is made of various materials, and the finish depends on the rest of the vehicle interiors, which include the dashboard and carpets, among others. Door panels vary from simple plastic to hand-stitched leather finish, depending on the vehicle type and segment. Along with providing an aesthetic appeal, the door panel is also designed to improve the functionality and ergonomics of the vehicle. This increases the comfort level of the vehicle. Door panels play an important role in the NVH, packaging, storage, and styling of the vehicle.
“Asia Pacific is expected to be the largest automotive interior materials market during the forecast period, in terms of value.”
Asia Pacific is the largest automotive interior materials market owing to rapid economic growth in the region. These factors play an important role in driving the automotive interior materials market. The developed countries of Asia Pacific house the key global automakers. This region not only serves as a manufacturing hub but also has key R&D facilities. The automotive industry in developing countries of Asia Pacific is expected to grow because of the improving economic conditions as well as the booming manufacturing sector. The market in North America is projected to grow at a moderate rate during the forecast period because of the shift of manufacturing bases to the developing countries. However, the rising demand for luxury vehicles in the region will drive the need for automotive interior materials.
In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:
• By Company Type: Tier 1 - 45%, Tier 2 - 30%, and Tier 3 - 25%
• By Designation: C-Level - 46%, Director Level - 25%, and Others - 29%
• By Region: North America - 27%, Europe - 27%, Asia Pacific - 33%, South America - 7%, and Middle East & Africa - 6%,
The key market players profiled in the report include Lear Corporation (US), Asahi Kasei Corporation (Japan), Toyota Boshoku Corporation (Japan), Faurecia (France), Toyoda Gosei Co., Ltd. (Japan), Grupo Antolin (Spain), Yanfeng Automotive Interiors (YFAI) (China), Seiren Co. Ltd. (Japan), DK Leather Corporation Berhad (Malaysia) and DRAXLMAIER Group (Germany).
Research Coverage
This report segments the market for automotive interior materials on the basis of type, vehicle type, application, and region, and provides estimations for the overall value and volume of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for automotive interior materials.
Reasons to buy this report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the automotive interior materials market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on automotive interior materials offered by top players in the global automotive interior materials market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the automotive interior materials market
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for automotive interior materials across regions
• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global automotive interior materials market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the automotive interior materials market
• Impact of COVID-19 on automotive interior materials market
Table of Contents
1 INTRODUCTION 43
1.1 OBJECTIVES OF THE STUDY 43
1.2 MARKET DEFINITION 43
1.2.1 AUTOMOTIVE INTERIOR MATERIALS MARKET: INCLUSIONS AND EXCLUSIONS 44
1.2.2 AUTOMOTIVE INTERIOR MATERIALS MARKET DEFINITION AND
1.2.3 AUTOMOTIVE INTERIOR MATERIALS MARKET DEFINITION AND
1.2.4 AUTOMOTIVE INTERIOR MATERIALS MARKET DEFINITION AND
1.3 MARKET SCOPE 46
1.3.1 REGIONS COVERED 46
1.3.2 YEARS CONSIDERED FOR THE STUDY 47
1.4 CURRENCY 47
1.5 UNITS CONSIDERED 47
1.6 STAKEHOLDERS 47
1.7 SUMMARY OF CHANGES 48
2 RESEARCH METHODOLOGY 49
2.1 RESEARCH DATA 49
2.1.1 SECONDARY DATA 50
2.1.2 PRIMARY DATA 50
- 2.1.2.1 Primary interviews - demand and supply sides 50
- 2.1.2.2 Key industry insights 51
- 2.1.2.3 Breakdown of primary interviews 51
2.2 MARKET SIZE ESTIMATION 52
2.2.1 BOTTOM-UP APPROACH 52
2.2.2 TOP-DOWN APPROACH 55
2.3 DATA TRIANGULATION 55
2.4 GROWTH RATE ASSUMPTIONS /GROWTH FORECAST 57
2.4.1 SUPPLY SIDE 57
2.4.2 DEMAND SIDE 58
2.5 FACTOR ANALYSIS 59
2.6 ASSUMPTIONS 60
2.7 LIMITATIONS 60
2.8 RISK ASSESSMENT 61
3 EXECUTIVE SUMMARY 62
4 PREMIUM INSIGHTS 66
4.1 ATTRACTIVE OPPORTUNITIES IN AUTOMOTIVE INTERIOR MATERIALS MARKET 66
4.2 AUTOMOTIVE INTERIOR MATERIALS MARKET, BY REGION 66
4.3 ASIA PACIFIC: AUTOMOTIVE INTERIOR MATERIALS MARKET, BY TYPE AND COUNTRY, 2020 67
4.4 AUTOMOTIVE INTERIOR MATERIALS MARKET, BY VEHICLE TYPE 67
4.5 AUTOMOTIVE INTERIOR MATERIALS MARKET SIZE, BY APPLICATION VS. REGION 68
4.6 AUTOMOTIVE INTERIOR MATERIALS MARKET, BY KEY COUNTRIES 68
5 MARKET OVERVIEW 69
5.1 INTRODUCTION 69
5.2 MARKET DYNAMICS 70
5.2.1 DRIVERS 70
- 5.2.1.1 Optimizing fuel efficiency by reducing overall weight of vehicle 70
- 5.2.1.2 Rising demand for customization and comfort 70
- 5.2.1.3 Increased demand for interior fabrics to drive mature markets 71
- 5.2.1.4 Introduction of variety in lightweight & advanced materials and innovative finish 71
5.2.2 RESTRAINTS 71
- 5.2.2.1 Improper disposal of effluents by tanning industry affecting genuine leather market 71
- 5.2.2.2 Volatility in costs of raw materials required for automotive interiors 72
5.2.3 OPPORTUNITIES 72
- 5.2.3.1 Production of automotive fabrics incorporating nanomaterials 72
- 5.2.3.2 Adoption of green technology in manufacture of automotive leather 72
- 5.2.3.3 Rising trend in customization and styling in interiors of
5.2.4 CHALLENGES 73
- 5.2.4.1 Profitability and sustainability within regulatory framework 73
5.3 PORTER’S FIVE FORCES ANALYSIS 74
5.3.1 THREAT OF SUBSTITUTES 74
5.3.2 BARGAINING POWER OF SUPPLIERS 75
5.3.3 BARGAINING POWER OF BUYERS 75
5.3.4 THREAT OF NEW ENTRANTS 75
5.3.5 RIVALRY AMONG EXISTING COMPETITORS 76
5.4 MACROECONOMIC INDICATORS 76
5.4.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES 77
5.4.2 WORLD MOTOR VEHICLE PRODUCTION STATISTICS IN 2020 78
5.5 IMPACT OF COVID-19 78
5.5.1 INTRODUCTION 78
5.5.2 COVID-19 HEALTH ASSESSMENT 79
5.5.3 COVID-19 ECONOMIC ASSESSMENT 79
- 5.5.3.1 Impact of COVID-19 on economy-scenario assessment 81
5.6 IMPACT OF COVID-19: CUSTOMER ANALYSIS 81
6 INDUSTRY TRENDS 83
6.1 SUPPLY CHAIN ANALYSIS 83
6.1.1 RAW MATERIALS 83
6.1.2 AUTOMOTIVE INTERIOR MATERIALS MANUFACTURERS 83
6.1.3 DISTRIBUTION NETWORK 84
6.1.4 END-USE INDUSTRY 84
6.2 AUTOMOTIVE INTERIOR MATERIALS MARKET: REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIOS 84
6.2.1 NON-COVID-19 SCENARIO 85
6.2.2 OPTIMISTIC SCENARIO 85
6.2.3 PESSIMISTIC SCENARIO 85
6.2.4 REALISTIC SCENARIO 85
6.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 86
6.3.1 REVENUE SHIFT & REVENUE POCKETS FOR AUTOMOTIVE
6.4 CONNECTED MARKETS: ECOSYSTEM 87
6.5 TECHNOLOGY ANALYSIS 89
6.5.1 USAGE OF POLYCARBONATE MATERIAL 89
6.5.2 DOOR PANELS 90
6.6 CASE STUDY ANALYSIS 90
6.6.1 CASE STUDY ON ADIENT 90
6.6.2 CASE STUDY ON CONTINENTAL 90
6.7 TRADE DATA STATISTICS 90
6.7.1 IMPORT SCENARIO OF AUTOMOTIVE INTERIOR MATERIALS 90
6.7.2 SCENARIO OF EXPORT OF AUTOMOTIVE INTERIOR MATERIALS 91
6.8 AVERAGE SELLING PRICE 93
6.9 REGULATORY LANDSCAPE 94
6.9.1 REGULATIONS FOR AUTOMOTIVE INTERIORS 94
6.10 PATENT ANALYSIS 95
6.10.1 APPROACH 95
6.10.2 DOCUMENT TYPE 96
6.10.3 LEGAL STATUS OF PATENTS 97
6.10.4 JURISDICTION ANALYSIS 97
6.10.5 TOP APPLICANTS 98
7 AUTOMOTIVE INTERIOR MATERIALS MARKET, BY TYPE 101
7.1 INTRODUCTION 102
7.2 POLYMERS 104
7.2.1 LIGHTWEIGHT AND FUEL-EFFICIENT POLYMERS TO DRIVE MARKET 104
7.3 GENUINE LEATHER 106
7.3.1 DEMAND FOR HIGH-END LUXURY CARS TO DRIVE MARKET 106
7.4 FABRICS 108
7.5 SYNTHETIC LEATHER 110
7.5.1 FLEXIBILITY AND COLOR OPTIONS TO DRIVE MARKET 110
7.5.2 PU LEATHER 110
7.5.3 PVC LEATHER 110
7.6 OTHERS 112
7.6.1 RESTORATION OF VINTAGE AUTOMOTIVES TO DRIVE MARKET 112
8 AUTOMOTIVE INTERIOR MATERIALS MARKET, BY VEHICLE TYPE 115
8.1 INTRODUCTION 116
8.2 PASSENGER CARS 118
8.2.1 INCREASING AUTOMOTIVE PRODUCTION HUBS IN ASIA PACIFIC
8.3 LIGHT COMMERCIAL VEHICLES (LCV) 121
8.3.1 INVESTMENTS ON UPHOLSTERY AND SAFETY FEATURES TO DRIVE MARKET 121
8.4 HEAVY COMMERCIAL VEHICLES (HCV) 123
8.4.1 INCREASED DEMAND FOR SAFETY FEATURES IN TRUCKS TO DRIVE MARKET 123
8.5 BUSES & COACHES 125
8.5.1 INTENSIVE R&D AND SAFETY FEATURES TO DRIVE MARKET 125
9 AUTOMOTIVE INTERIOR MATERIALS MARKET, BY APPLICATION 127
9.1 INTRODUCTION 128
9.2 DASHBOARDS 130
9.2.1 ESTHETICS, ACTIVE AND PASSIVE SAFETY, ERGONOMICS
9.3 DOOR PANELS 132
9.3.1 DEMAND FOR ESTHETIC APPEAL ALONG WITH SAFETY NEEDS TO
9.4 SEATS 134
9.4.1 MODERN TECHNOLOGIES AND PIVOTAL ROLE IN DRIVING AND
9.5 FLOOR CARPETS 135
9.5.1 RISING DEMAND FOR PREVENTION OF NOISE, VIBRATION
9.6 OTHERS 137
9.6.1 RISING DEMAND FOR ENTERTAINMENT SYSTEMS TO DRIVE SEGMENT 137
10 AUTOMOTIVE INTERIOR MATERIALS MARKET, BY REGION 140
10.1 INTRODUCTION 141
10.2 ASIA PACIFIC 143
10.2.1 ASIA PACIFIC AUTOMOTIVE INTERIOR MATERIALS MARKET, BY TYPE 144
10.2.2 ASIA PACIFIC AUTOMOTIVE INTERIOR MATERIALS MARKET, BY VEHICLE TYPE 146
10.2.3 ASIA PACIFIC AUTOMOTIVE INTERIOR MATERIALS MARKET, BY APPLICATION 148
10.2.4 ASIA PACIFIC AUTOMOTIVE INTERIOR MATERIALS MARKET, BY COUNTRY 149
- 10.2.4.1 China 151
- 10.2.4.1.1 Increasing demand for aftermarket parts and services to drive market in China 151
- 10.2.4.2 Japan 153
- 10.2.4.2.1 Presence of prominent automotive interior component manufacturers supporting market growth 153
- 10.2.4.3 India 155
- 10.2.4.3.1 Increasing population and improving economic conditions to support market growth 155
- 10.2.4.4 South Korea 157
- 10.2.4.4.1 Presence of technologically advanced vehicle manufacturers to support market growth 157
- 10.2.4.5 Thailand 159
- 10.2.4.5.1 Increasing FDI in manufacturing industry to support
- 10.2.4.1 China 151
10.3 EUROPE 160
10.3.1 EUROPE AUTOMOTIVE INTERIOR MATERIALS MARKET, BY TYPE 161
10.3.2 EUROPE AUTOMOTIVE INTERIOR MATERIALS MARKET, BY VEHICLE TYPE 163
10.3.3 EUROPE AUTOMOTIVE INTERIOR MATERIALS MARKET, BY APPLICATION 164
10.3.4 EUROPE AUTOMOTIVE INTERIOR MATERIALS MARKET, BY COUNTRY 166
- 10.3.4.1 Germany 167
- 10.3.4.1.1 High technological advancements to meet customer requirements to favor market growth 167
- 10.3.4.2 Spain 169
- 10.3.4.2.1 Demand for lightweight materials in automotive industry to propel market 169
- 10.3.4.3 France 171
- 10.3.4.3.1 Domestic automotive industry players and demand for
- 10.3.4.4 UK 173
- 10.3.4.4.1 Growth in autonomous and connected technologies to lead to market growth 173
- 10.3.4.5 Italy 175
- 10.3.4.5.1 Presence of domestic car manufacturers to drive market 175
- 10.3.4.6 Russia 177
- 10.3.4.6.1 Rising demand from infrastructure and refinery industries to drive market 177
- 10.3.4.1 Germany 167
10.4 NORTH AMERICA 178
10.4.1 NORTH AMERICA AUTOMOTIVE INTERIOR MATERIALS MARKET, BY TYPE 179
10.4.2 NORTH AMERICA AUTOMOTIVE INTERIOR MATERIALS MARKET
10.4.3 NORTH AMERICA AUTOMOTIVE INTERIOR MATERIALS MARKET
10.4.4 NORTH AMERICA AUTOMOTIVE INTERIOR MATERIALS MARKET, BY COUNTRY 184
- 10.4.4.1 US 185
- 10.4.4.1.1 Growth of LCVs segment to drive market 185
- 10.4.4.2 Canada 187
- 10.4.4.2.1 Rising demand for electric vehicles to boost market 187
- 10.4.4.3 Mexico 189
- 10.4.4.3.1 Presence of manufacturing plants of leading players to drive market 189
- 10.4.4.1 US 185
10.5 MIDDLE EAST & AFRICA 191
10.5.1 MIDDLE EAST & AFRICA AUTOMOTIVE INTERIOR MATERIALS MARKET
10.5.2 MIDDLE EAST & AFRICA AUTOMOTIVE INTERIOR MATERIALS MARKET
10.5.3 MIDDLE EAST & AFRICA AUTOMOTIVE INTERIOR MATERIALS MARKET
10.5.4 MIDDLE EAST & AFRICA AUTOMOTIVE INTERIOR MATERIALS MARKET
- 10.5.4.1 Iran 197
- 10.5.4.1.1 Partnerships and expansions of domestic companies to support market growth 197
- 10.5.4.2 South Africa 199
- 10.5.4.2.1 Absence of prominent component manufacturers to affect market growth 199
- 10.5.4.1 Iran 197
10.6 SOUTH AMERICA 201
10.6.1 SOUTH AMERICA AUTOMOTIVE INTERIOR MATERIALS MARKET, BY TYPE 201
10.6.2 SOUTH AMERICA AUTOMOTIVE INTERIOR MATERIALS MARKET
10.6.3 SOUTH AMERICA AUTOMOTIVE INTERIOR MATERIALS MARKET
10.6.4 SOUTH AMERICA AUTOMOTIVE INTERIOR MATERIALS MARKET, BY COUNTRY 206
- 10.6.4.1 Brazil 207
- 10.6.4.1.1 Presence of manufacturing units of major automobile manufacturers to support market growth 207
- 10.6.4.2 Argentina 209
- 10.6.4.2.1 Cheap labor and raw materials to boost market 209
- 10.6.4.1 Brazil 207
11 COMPETITIVE LANDSCAPE 211
11.1 INTRODUCTION 211
11.2 KEY PLAYERS' STRATEGIES 211
11.3 MARKET SHARE ANALYSIS 215
11.3.1 RANKING OF KEY MARKET PLAYERS, 2020 215
11.3.2 MARKET SHARE OF KEY PLAYERS 215
- 11.3.2.1 Lear Corporation 217
- 11.3.2.2 Asahi Kasei Corporation 217
- 11.3.2.3 Toyota Boshoku Corporation 217
- 11.3.2.4 Faurecia 217
- 11.3.2.5 Toyoda Gosei Co., Ltd. 218
11.3.3 REVENUE ANALYSIS OF TOP FIVE PLAYERS 218
11.4 COMPANY PRODUCT FOOTPRINT ANALYSIS 219
11.5 COMPANY EVALUATION MATRIX (TIER 1) 224
11.5.1 TERMINOLOGY/NOMENCLATURE 224
- 11.5.1.1 Stars 224
- 11.5.1.2 Emerging leaders 224
11.6 STARTUP/SME EVALUATION MATRIX 225
11.6.1 RESPONSIVE COMPANIES 225
11.6.2 DYNAMIC COMPANIES 225
11.6.3 STARTING BLOCKS 226
11.7 COMPETITIVE SITUATIONS AND TRENDS 230
11.7.1 PRODUCT LAUNCHES 230
11.7.2 DEALS 230
11.7.3 OTHER DEVELOPMENTS 235
12 COMPANY PROFILES 239
12.1 MAJOR PLAYERS 239
12.1.1 LEAR CORPORATION 239
12.1.2 ASAHI KASEI CORPORATION 244
12.1.3 TOYOTA BOSHOKU CORPORATION 248
12.1.4 FAURECIA 252
12.1.5 TOYODA GOSEI CO., LTD. 257
12.1.6 GRUPO ANTOLIN 263
12.1.7 YANFENG AUTOMOTIVE INTERIORS (YFAI) 266
12.1.8 SEIREN CO., LTD. 270
12.1.9 DK LEATHER CORPORATION BERHAD 272
12.1.10 DRAXLMAIER GROUP 273
12.2 STARTUP/SME PLAYERS 274
12.2.1 STAHL HOLDINGS B.V. 274
12.2.2 GRAMMER AG 274
12.2.3 CALSONIC KANSEI CORPORATION 275
12.2.4 BENECKE-KALIKO AG 275
12.2.5 KATZKIN LEATHER INC 276
12.2.6 SMS AUTO FABRICS 276
12.2.7 MACHINO PLASTICS LTD. 277
12.2.8 EISSMANN AUTOMOTIVE DEUTSCHLAND GMBH 277
12.2.9 BOXMARK LEATHER GMBH & CO KG 278
12.2.10 WOLLSDORF LEDER SCHMIDT & CO GES.M.B.H. 278
12.2.11 CLASSIC SOFT TRIM 279
12.2.12 NBHX TRIM GMBH 279
12.2.13 GROCLIN SA 280
12.2.14 ELMO SWEDEN AB 280
12.2.15 AGM AUTOMOTIVE, LLC 281
13 ADJACENT & RELATED MARKETS 282
13.1 INTRODUCTION 282
13.2 LIMITATIONS 282
13.3 AUTOMOTIVE PLASTICS MARKET 282
13.3.1 MARKET DEFINITION 282
13.3.2 MARKET OVERVIEW 283
13.4 AUTOMOTIVE PLASTICS MARKET, BY REGION 283
13.4.1 ASIA PACIFIC 284
13.4.2 NORTH AMERICA 286
13.4.3 EUROPE 289
13.4.4 MIDDLE EAST & AFRICA 292
13.4.5 SOUTH AMERICA 294
14 APPENDIX 297
14.1 DISCUSSION GUIDE 297
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 301
14.3 AVAILABLE CUSTOMIZATION 303
14.4 RELATED REPORTS 303
14.5 AUTHOR DETAILS 304