Automotive Interior Materials Market Size, Share and Growth Analysis (By Material: Composites, Plastics, Leather, Fabrics, and Others; By Vehicle: Passenger Cars, LCV, and HCV; By Application: Doors, Consoles & Dashboards, Seats, Floor Carpet, Steering Wheels, and Others; By End-users: OEMs and Aftermarket) - Global Industry Analysis, Trends, Regional Outlook, and Forecast 2021 - 2030


The automotive interior materials market size was valued at US$ 27.60 billion in 2020 and projected to hit around US$ 42.60 billion by 2030, expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2021 to 2030.

Automotive Interior Materials Market Size 2020 to 2030

Growth Factors

Automotive interior materials provide an appealing look, improved reliability, and enhanced sustainability for automobiles and hence help manufacturers to upgrade the vehicle performance and interior features. This also help automotive manufacturers in improving automotive cabin features and designs. Furthermore, increasing trend for electric vehicles and autonomous vehicles have prominently boosted the demand for light materials in an automobile. Autonomous and other advanced vehicles are equipped with several advanced technologies that requires multiple ECUs and chips to integrate into the vehicle this increases the overall weight of the vehicle as well as also triggers the need for light-weight materials for vehicle’s body and other parts.

The automotive interior materials are imperative to the vehicle manufacture. Thus, the dynamics of automotive interior materials market are closely dependent on the sale and production of vehicles. Further, the market growth for automotive interior materials is also dependent on the various government regulations for sales of vehicles as well as fuel efficiency. Apart from this, government regulation on leather pricing also plays a significant role in directing the global market value and trend. Internal substitution in the automotive parts particularly in case of leather likely to hamper the market growth. For instance, genuine leather is substituted by fabrics, synthetic PU, or PVC leather and thus the market for genuine leather is hampered in the automotive industry.

Report Highlights Details
Market Size USD 42.60 Billion by 2030
Growth Rate CAGR 5.6% from 2021 to 2030
Base Year 2020
Forecast Period 2021 to 2030
Segments Covered Material, Vehicle, Application, End-User
Key Companies Profiled Evonik Industries AG, UFP Technologies, Saudi Basic Industries Corporation (SABIC), Arkema, BASF SE, Stahl Holdings B.V.

Vehicle Insights

Passenger cars captured the largest revenue share of more than 50% in the year 2020 and projected to maintain the same trend over the forecast period. The growth of the segment is mainly attributed to the increasing sale of passenger vehicle coupled with introduction of autonomous and electric vehicles. Apart from above trends, the outbreak of COVID-19 has also played an important role in accelerating the sale of self-owned passenger cars in order to maintain the social distancing. This has impacted the growth of shared mobility, but proliferated the self-owned vehicle trend and hence triggered the sales of passenger cars.

On the other hand, light commercial vehicle witnesses significant growth during the upcoming years owing to rise in e-commerce and retail logistics particularly in the developing nations. The outbreak of corona virus has prominently uplifted the trend for online shopping rather than visiting shops. Hence, accelerated the markets for e-commerce and retail logistics and therefore supports the growth of light commercial vehicle market.

Material Insights

The material type segment is deviced into plastics, composites, leathers, fabrics and others. The plastics segment captured majority of revenue share in the year 2020 because of its favorable capabilities to make a vehicle lighter and more appealing in terms of aesthetics.

Automotive Interior Materials Market Share, By Material, 2020 (%)

The Composite segment is projected to grow at a CAGR of 6% over the forecast period due to increasing demand for lightweight and fuel-efficient vehicles.

Application Insights

Seats application segment leads the global automotive interior materials market and accounted for more than 30% in terms of revenue share by the end of the analysis period. This is mainly because of the significant importance of seats for driver’s as well as passenger’s comfort and convenience. Different physiological and psychological studies on human perception, posture & adjustability, and weight distribution have resulted in the application of various materials for automotive seats. High performance PU foams along with covering materials that include fabric or leather are frequently used in seat cushion manufacturing. Increasing need for light weight materials in seats also trigger the application of carbon fibers and other composites to enhance the level of comfort in modern vehicles.

Regional Insights

On the basis of region, the global automotive interior materials market is analyzed for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is the most promising region in terms of revenue growth. This is mainly due to rising urbanization and rapid growth in the purchasing power of people. Further, the region encountered a significant rise in demand for electric vehicles and autonomous cars that again propels the growth of automotive interior materials in the coming years.

Automotive Interior Materials Market Share, By Region, 2020 (%)

Asian countries such as China, India, Japan, ASEAN countries, and many other are the manufacturing hubs for automotive industry. Hence, the consumption of automotive interior materials is comparatively higher in these regions. Further, on-going trend among large automotive players to shift their manufacturing facilities in the Asian countries owing to low labor cost and materials prominently drives the automotive interior materials market in the region.

Key Companies & Market Share Insights

Prominent players in the global automotive interior materials industry experiences intense competition owing to the presence of large number of players on the global scale. Further, the inorganic strategies adopted by these players such as value chain optimization, new product launch, geographic expansion, research & development for expanding their product portfolio, and many others.

Some of the prominent players in the Automotive Interior Materials Market include:

  • Evonik Industries AG
  • UFP Technologies
  • Saudi Basic Industries Corporation (SABIC)
  • Arkema
  • BASF SE
  • Stahl Holdings B.V.
  • Hexcel Corporation
  • Continental AG
  • Toray Industries Inc.
  • Huntsman International
  • Sumitomo Chemical Company
  • Dow Chemical Company
  • Trinseo S.A.
  • Borealis AG
  • Covestro AG

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For the purpose of this study, Precedence Research has segmented the global automotive interior materials market report on the basis of material, vehicle, application, end-users, and region:

Automotive Interior Materials Market Segments

By Material Outlook

  • Composites
    • Glass Fiber
    • Carbon Fiber
    • Natural Fiber
  • Plastics
    • Thermosets
    • Thermoplastics
  • Leather
  • Fabrics
  • Others

By Vehicle Outlook

  • Passenger Cars
  • Light Commercial Vehicle (LCV)
  • Heavy Commercial Vehicle (HCV)

By Application Outlook

  • Doors
  • Consoles & Dashboards
  • Seats
  • Floor Carpet
  • Steering Wheels
  • Others

By End-users Outlook

  • OEMs
  • Aftermarket

By Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France

Asia Pacific

  • China
  • India
  • Japan
  • South Korea

Rest of the World

Request for Customize Report
Precedence offers custom market research services that help clients to get information on their business scenario required.

Frequently Asked Questions

What is the current size & growth rate of the automotive interior materials market?
The automotive interior materials market size was valued at US$ 27.60 billion in 2020 and projected to hit around US$ 42.60 billion by 2030, expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2021 to 2030.
Increasing demand for light weight vehicle and hence its body parts and other materials used in the manufacturing process is one of the significant factors that drives the market for automotive interior materials in the coming years. Cabin section of an automobile is very critical for the overall weight of a vehicle and making light weight automotive interior materials are imperative for conserving the emission level. Superior functions and attributes of cabin components have significantly increased the number of interior automotive components. Further, rising demand for low-emission materials particularly from the emerging nations along with stringent fuel economy standards have propelled the market growth for automotive interior materials.
Some of the key companies in the global automotive interior materials market are Evonik Industries AG, UFP Technologies, Saudi Basic Industries Corporation (SABIC), Arkema, BASF SE, Stahl Holdings B.V., Hexcel Corporation, Continental AG, Toray Industries Inc., Huntsman International, Sumitomo Chemical Company, Dow Chemical Company, Trinseo S.A., Borealis AG, and Covestro AG among others.
In terms of application, seats dominated the global automotive interior materials market and hold nearly 30% in the year 2020 owing to an important segment for driver and passenger comfort
The Asia Pacific is the most promising region in terms of revenue growth. This is mainly due to rising urbanization and rapid growth in the purchasing power of people. Further, the region encountered a significant rise in demand for electric vehicles and autonomous cars that again propels the growth of automotive interior materials in the coming years.
Passenger cars captured the largest revenue share of more than 50% in the year 2020 and projected to maintain the same trend over the forecast period.
Interior material plays a significant role in the design of an automobile are utilized as inside cabin materials in a vehicle such as plastics, composites, metals, and many others. As the demand for high performance is increasing in a vehicle, the demand for improved ergonomics and appealing aesthetics is also rising at the same rate for the automotive interior. Advanced lighting and higher-level of comfort are the common features demanded by the consumers in almost every new automobile. Doors, console, seats, dashboards, floor carpet, steering wheels, and various other interior parts of a vehicle are the common application areas for an automotive interior material.
The applications of automotive interior materials market are doors, consoles & dashboards, seats, floor carpet, steering wheels, and others.

PROCEED TO BUY

   USD 4999
   USD 7999
   USD 9999

ASK FOR SAMPLE

No cookie-cutter, only authentic analysis – take the 1st step to become an Precedence client

Get a Sample
Address: Apt 1408 1785 Riverside Drive Ottawa, ON, K1G 3T7, Canada
Call: +1 9197 992 333
Email: sales@precedenceresearch.com