Global Automotive Interior Trims Market

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Global Automotive Interior Trims Market

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The Global Automotive Interior Trims Market was valued at US$ 24.82 billion in 2021 and is predictable to reach US$ 38.25 billion by 2030; growing at a CAGR of 4.9 % during the forecast period, i.e., from 2021 - 2030. The vehicle’s interior is an important factor responsible for the consumers to purchase the vehicle which comprises various components such as door panels, automotive seats, headliners, cockpit modules among others. Such components deliver the consumer grip, comfort, and sound insulation. – PowerPoint PPT presentation

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Title: Global Automotive Interior Trims Market

1
Global Automotive Interior TrimsMarket

Global Scenario, Market Size, Outlook, Trend, and
Forecast, 2020 2030

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Overview

The Global Automotive Interior Trims Market was
valued at US 24.82 billion in 2021 and is
predictable to reach US 38.25 billion by 2030
growing at a CAGR of 4.9 during the forecast
period, i.e., from 2021 - 2030.
The vehicles interior is an important factor
responsible for the consumers to purchase the
vehicle which comprises various components such
as door panels, automotive seats, headliners,
cockpit modules among others. Such components
deliver the consumer grip, comfort, and sound
insulation.

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Market Dynamics

Increasing preferences of the consumers for the
latest and advanced designs and facilities,
shifting for greener vehicles, change in
lifestyle adaption, and consumers spending
ability the purchase of vehicles are the prime
factors attributing to the global market growth.
Craving for safety, comfortability, newer
experience, and convenience are the factors
fuelling the demand for the market rise.
Aesthetic features in the passenger vehicle
segment have showcased the consumers to spend on
such features. In addition, luxurious car brands
are also offering technologically improved
automotive interiors with customizable controls
that integrate easily with the dashboard
increases the sale of luxurious cars has raised
the sale volume across the globe thus augmenting
the market growth for automotive interior trims
market during the forecast period.
Moreover, government regulations for passenger
vehicle safety, the lightweight of the vehicles,
and carbon emission reduction are aiming the OEM
manufacturers to deliver boosted safety features.
The use of lightweight materials such as polymer
materials helps in the overall weight reduction
while maintaining the safety standards of the
vehicle which encourages to adopt for automotive
interior materials.
Uncertainty in the global trade rising tax on
the imports of the automotive parts by the
government, and increasing cost of genuine
leather for the interiors of the vehicle are
restraining the global automotive interior trims
market. However, the huge demand and production
of greener vehicles (hybrid and electric
vehicles) in developing economies is expected to
boost the global automotive interior trims market
during the forecast period.

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The Global Automotive Interior Trims Market is
segmented by component, type, vehicle type, and
region. Based on component, it is categorized
into flooring, automotive seat, cockpit module,
door panel, interior lighting, and others
(acoustic systems, overhead systems, and sun
visors). By type, it bifurcates into genuine
leather, synthetic leather, polymers, fabric, and
others (wood, rubber). Vehicle type segments into
light commercial vehicles, passenger vehicles,
and heavy commercial vehicles. Based on regional
insights, the global automotive interior trims
market is categorized into North America (US,
Canada, Mexico, Rest of America), Asia Pacific
(India, China, Rest of Asia Pacific), Europe (UK,
Germany, Russia, Rest of Europe) and Rest of the
world (Latin America and Middle East Africa).
Asia Pacific region is expected to garner the
highest market revenue share owing to increasing
demand for luxury and comfort vehicles in the
region, increasing indispensable income,
increasing urban population, rising manufacturing
facilities, and inclination towards the adoption
of greener vehicles.
Prominent players inducing the Global Automotive
Interior Trims Market are Cooper Standard, Toyoda
Gosei, Hutchinson, Henniges, Nishikawa Rubber,
SaarGummi, Hyundai Mobis Company Ltd., Adient,
Grupo Antolin, Lear Corporation, Robert BOSCH,
Visteon Corporation, and Faurecia S.A. among
others.

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Segmentation and Scope of the Global Automotive
Interior Trims MarketGlobal Automotive Interior
Trims Market is segmented by component, type,
vehicle type, and region.