(Material: Leather,
Thermoplastic Polymers, Fabric, Vinyl and Wood; Application: Heavy
Commercial Vehicle, Light Commercial Vehicle and Passenger Vehicle)
New market report
published by Transparency Market Research “Automotive
Interior Materials Market .Automotive interior
materials includes materials such as leather (artificial or PU
leather, PVC leather, synthetic leather and genuine leather),
thermoplastic polymers, fabric, vinyl and wood. Thermoplastic
polymers and leather are the vital segments, which generates the
largest revenues among all automotive interior materials. The
automotive interior materials market is expected to grow at a
considerable rate in the coming years considering the launch of new
segment of vehicles (hybrid and electric) and introduction of new
technologies in automotive interior materials. Key opportunity areas
of automobile interior materials applications are expected to deal
with comfort solutions for automobile users, which may include
dirt-repellent antimicrobial textiles and surfaces, anti-glare coated
mirrors and nano filters. Climate controlled automotive seats based
on thermo-electric technology, which converts electricity into
heating or cooling is another vital application that is expected to
be introduced in the coming years.
A small percentage
of hybrid and electric vehicles are already available in the market.
The percentage is expected to grow in the coming years because of
their eco-friendly use and efficiency. Therefore, with the rise in
the number of hybrid and electric vehicles in the automobile market,
the application and market for automotive interior materials is set
to flourish in the coming years. Original equipment manufacturers
(OEMs) of automobiles are trying means and ways to make their
vehicles lighter and efficient in order to improve the fuel
efficiency and performance. Lighter automotive interior materials,
which are used in the dashboard and seating structures can serve as a
new opportunity and ensure a feasible option to such OEMs.
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In the dynamic
business environment where numerous technological advancements are
taking place each day, it is necessary for the automotive interior
materials manufacturing companies to align its strategies with the
technological shifts. Technological advancement in automotive seating
in vehicles is expected to help the market to grow potentially.
Automotive interior materials manufacturers are introducing
light-weight seats that are thinner and comfortable and hence,
increasing the floor space and reducing the overall weight of the
vehicle.
In Europe, Germany
and U.K. are the largest regional markets for automotive interior
materials. In Asia Pacific, Japan, China and India are the largest
contributors to the automotive interior materials market. In North
America, the U.S. has been showing steady growth over the years and
is one of the dominant automotive interior materials markets in the
world. In Rest of the World (RoW), South Africa is showing
substantial growth and is expected to be a key market in the coming
years.
Key
participants in the industry include Faurecia SA (France),
Johnson Controls, Inc. (U.S.), Grammer AG (Germany), Lear Corporation
(U.S.) and BASF SE (Germany) among others.
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developing distinctive data sets and research material for business
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