Automotive Interior Materials Market Expected Growth Opportunities Forecast by 2026
The global automotive interior materials market size is anticipated to reach USD66.38 billion by 2026,on account of the increasing production of automobiles worldwide. Automotive interior is the most crucial feature of an automobile that catches the user’s attention. Therefore, it is extremely essential to ensure it meets all safety and maintenance demands of the consumer offers a detailed analysis of the market and its prime growth parameters. According to the report, the market stood at USD 51.09 billion in 2018 and will rise at a CAGR of 3.84% between 2019 to 2026.
Objectives of the Report
· 360-degree overview of the automotive interior materials market
· Growth parameters such as drivers, restraints, challenges, opportunities that lies ahead of the market
· Table of segmentation and competitive landscape in details
· List of prominent players and their key strategies for maintaining the lion’s share in the market
· Current automotive interior materials market trends
Market Drivers
Increasing Popularity of Electric Vehicles to Boost Market
The rise in modernization and urbanization, coupled with the rise in living standards and the increase in disposable incomes have increased the number of automobile owners worldwide. This ultimately propelled the growth of the automobile industry. Keeping in mind the rising number of vehicular accidents worldwide, manufacturers invested heavy amount into developing the interiors of automobiles. This stands as a major automotive interior materials market growth driver. Additionally, the advent of electric vehicles, and lightweight vehicles have also propelled growth of the market attributed to the high amount of plastic used in them. This, accompanied by government restrictions on promotion of cleaner technology are expected to aid in expansion of the market in the forecast duration.
List of Notable Automobile Interior Materials Market Manufacturers include:
· Freudenberg Performance Materials
· SEIREN Co., Ltd.
· Yanfeng Automotive Interiors
· Sage Automotive Interiors
· TOYOTA BOSHOKU CORPORATION
· Faurecia
· Lear Corporation
· Freudenberg Performance Materials
· DK-Schweizer
· Stahl Holdings B.V.
Information source:
https://www.fortunebusinessinsights.com/automotive-interior-materials-market-102540