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Automotive Interior Materials Market on Track to US$ 83.6 Billion by 2016

Press Release   •   Feb 03, 2017 01:44 EST

Automotive Interior Materials, Automotive Interior Materials market, Car Interior Materials, Car Interior Materials market

Automotive interior materials enhance the ambience of a vehicle and are designed to offer maximum comfort and riding pleasure to the end-user of a vehicle. These materials also aid in minimizing fatigue and engine vibrations in the interior space, and some of them are also good cabin insulators.

Automotive Interior Materials:

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The interior of a vehicle plays an important role in extending the desired comfort to the customer who directly interacts with the interior components of the vehicle such as seats, dashboard, door panels, and cockpit module etc. The interior of a vehicle is also a major factor that influences the aesthetic appeal of a vehicle and thus, buying decision of the customer. Apart from premium and luxury vehicles, economical and mid-sized cars are also featuring comfortable interiors in their vehicle models to remain competitive. Furthermore, OEMs are making use of cost-efficient technologies and interior materials to cater to these rising demands in the mid-sized budget cars segment.

Automotive interior materials enhance the ambience of a vehicle and are designed to offer maximum comfort and riding pleasure to the end-user of a vehicle. These materials also aid in minimizing fatigue and engine vibrations in the interior space, and some of them are also good cabin insulators.

The interior of a vehicle plays an important role in extending the desired comfort to the customer who directly interacts with the interior components of the vehicle such as seats, dashboard, door panels, and cockpit module etc. The interior of a vehicle is also a major factor that influences the aesthetic appeal of a vehicle and thus, buying decision of the customer. Apart from premium and luxury vehicles, economical and mid-sized cars are also featuring comfortable interiors in their vehicle models to remain competitive. Furthermore, OEMs are making use of cost-efficient technologies and interior materials to cater to these rising demands in the mid-sized budget cars segment.

Key Regions

The global automotive interior materials market has been segmented into five major regions which include North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. Of all the regions, Asia Pacific dominated the market with over 42.7% of the overall automotive interior materials market volume share of in 2015. Europe ranked second with about 25.3% market share in 2015, followed by North America. In addition, Asia-Pacific is anticipated to become the fastest growing region in the global automotive interior materials market.

Key Players

Some of the key players identified in the global automotive interior materials market are Faurecia S.A., Lear Corporation, Grupo Antolin-Irausa, S.A., Johnson Controls, Inc., Seiren Co., Ltd., Yanfeng Automotive Trim Systems Co., Ltd., Toyota Boshoku Corporation, Sage Automotive Interiors Inc., Benecke-Kaliko AG, GST AutoLeather Inc., and D.K Leather Corporation.

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These key players in the global automotive interior materials market continue to expand their global presence by expanding into emerging markets either by reducing the cost of the products or placing manufacturing plants near these developing regions so as to reduce costs of the automotive interior materials. But primarily these key players are spending heavily on M&A activities to expand their global presence and strengthen their technical know-how.

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Summing it up, the global automotive interior materials market indicates a significant need for consolidation and the utmost need for action, and also opportunities can be witnessed amongst medium-sized automotive interior material suppliers.

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