Automotive Interior Materials Market Forecasts Study 2026 | Business Opportunities and Regional Outlook
The North America automotive interior materials market held a share of over 15%, as a result of the strong automotive presence in the region. Likewise, the presence of key auto industry players, alongside sophisticated vehicle manufacturing facilities will aid regional market growth.
Additionally, the demand for sports cars and luxury vehicles in the region is also witnessing steady growth, which could further boost market penetration. The automotive interior materials industry share is bolstered considerably by key strategies undertaken by prominent players including new product developments, production capacity expansions and targeted R&D efforts.
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Growing demand for vehicles owing to rising disposable income levels is likely to augment the adoption of automotive air intake manifold systems in the forthcoming years. As per the International Organization of Motor Vehicle Manufacturers, approximately 90.42 million vehicles of all kinds were sold in 2019 globally.
The automotive interior materials market is poised to gain considerable traction over the years, given the persistent rise in demand for passenger vehicles. Furthermore, the growing emphasis on fuel efficiency optimization through weight reduction measures are also contributing to industry development over the years.
The Automotive Interior Materials Market is set to grow from its current market value of more than USD 27.13 billion to over USD 27 billion. Introduction of stringent automotive emission guidelines has been creating a conducive environment for the automotive air intake manifold market. Air intake manifolds or inlet manifolds are systems made out of a series of tubes that are used to evenly distribute combustion mixture or air to all cylinders in the engine. The even distribution of fuel and air plays a crucial role in optimizing the performance and fuel efficiency of engines. Notably, these manifolds are widely incorporated in automated control fuel injection engines and conventional prototypes.
There has been a significant rise in the number of mountable amenities for steering wheels available in the market. This coupled with a plethora of aftermarket options for steering wheels sch as grips and covers are likely to add great impetus to automotive interior materials market trends from the segment. The automotive steering wheels segment is estimated to exhibit a commendable CAGR of nearly 4.5% through 2026.
Based on vehicle, demand for car interior materials from the HVC sector is also likely to observe a positive growth trajectory over the foreseeable future. This growth is ascribed mainly to the vast array of amenities and operational abilities demonstrated by the materials in commercial vehicle applications.
The automotive interior materials market from the leather upholstery segment is projected to depict a sizeable CAGR of over 3.5% through 2026. Leather upholstery is used largely in premium vehicles and can be combined with various other car interior material options. Market development from this segment is attributed mainly to the growing preference for vehicle customization, which is likely to drive up the demand for materials such as customizable leather, among others.
Customers are becoming increasingly more inclined to customizing their car interiors with leather modifications. This is mainly due to the feeling of affluence associated with leather interiors, given its high price points.
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Some Point from Table of Contents:
Chapter 6. Automotive Interior Materials Market, By Vehicle
6.1. Global automotive interior materials market vehicle insights
6.2. Passenger cars
6.2.1. Market estimates and forecasts, 2016 - 2026
6.2.2. Market estimates and forecast, by region, 2016 - 2026
6.3. LCV
6.3.1. Market estimates and forecasts, 2016 - 2026
6.3.2. Market estimates and forecast, by region, 2016 – 2026
6.4. HCV
6.4.1. Market estimates and forecasts, 2016 - 2026
6.4.2. Market estimates and forecast, by region, 2016 - 2026
Chapter 7. Automotive Interior Materials Market, By End-User
7.1. Global automotive interior materials market end-user insights
7.2. Automotive OEMs
7.2.1. Market estimates and forecasts, 2016 - 2026
7.2.2. Market estimates and forecast, by region, 2016 - 2026
7.3. Aftermarkets
7.3.1. Market estimates and forecasts, 2016 - 2026
7.3.2. Market estimates and forecast, by region, 2016 – 2026
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