DUBLIN--(BUSINESS WIRE)--The "Global Automotive Interior Materials Market Research Report Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report has been added to Research and Markets' offering.
Asia Pacific Accounted for More Than 50% of Total World Production of Passenger Cars in 2015
The global automotive interior materials market is expected to witness a healthy CAGR of 11% over the forecast period (2016-2023). The major parameters that are providing traction to automotive interior materials market are requirement of efficiency by reducing the weight of interior materials and use of smart fabrics to drive the mature market.
The global automotive interior materials market report covers two major segments that are on the basis of type of materials and vehicle type. The type segment has been further divided into synthetic leather, thermoplastic polymers, fabric, leather and others. On the basis of vehicle type, the sub segments are passenger vehicles, light commercial vehicles and heavy commercial vehicles. The passenger car segment is expected to account for the largest vehicle segment that are using the interior materials. The sales of passenger vehicles is accelerating owing to factors such as growing economy, high living standards, luxury, higher incomes and others. Additionally, the parameters such as concerns about the safety and comfortability are also growing the demand for passenger vehicles.
The market has some of the restraints associated with it such as improper disposal of effluent from the tanning industry and others. While the market has various opportunities over the forecast period (2016-2023) such as utilization of green technology in automotive leather manufacturing and incorporation of nanoparticles in automotive fabrics.
Asia Pacific is the leading region in the market of automotive interior materials. The total vehicle production in this region is very high and countries such as India, Japan, China and South Korea are involved in the utilization of automotive interior materials to a great extent. Europe is the second largest region in terms of automotive interior materials after Asia Pacific. Germany is the leading country in this region that is providing variety of automotive interior materials at a high volume. While North America is expected to follow Europe.
The major market players of this market are Johnson Controls, Inc., Toyoda Gosei Co. Ltd, Toyota Boshoku Corporation, Lear Corporation, Faurecia S.A. and others. There are various business strategies opted by key players, amongst which market expansion is the prominent.
Key Topics Covered:
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Competitive Landscape
6. Geographic Analysis
7. Company Profiles
- Borgers Se & Co. Kgaa (Germany)
- DK Leather Corporation Berhad (Malaysia)
- Faurecia S.A (France)
- Grammer Ag (Germany)
- Grupo Antolin-Irausa, S.A (Spain)
- Guilford Performance Textiles, Inc. (U.S.)
- International Textile Group Inc. (U.S.)
- Johnson Controls, Inc. (U.S.)
- Lear Corporation (U.S.)
- Minda Industries Limited (India)
- NTF (India) Private Limited
- Sage Automotive Interiors Inc. (U.S.)
- Toyoda Gosei Co., Ltd. (Japan)
- Toyota Boshoku Corporation (Japan)
- Zschimmer & Schwarz Holding Gmbh & Co Kg (Germany)
For more information about this report visit https://www.researchandmarkets.com/research/56m834/global_automotive