Automotive Interior Leather Market Is Expected To Cross USD 32,000 Million By 2023
Added: (Mon Oct 23 2017)
Market Synopsis of Automotive Interior Leather Market
Automotive interior leather is designed to provide comfort and to improve the visual appeal of the interior of the vehicle. It also leaves the vehicle with a remarkable appearance and feel. It is used widely for automotive interiors across the globe, especially in midrange and premium passenger vehicles. Growing spending capacity and rapid developments in automobile manufacturing, are pushing the market towards growth. The interior of a vehicle that adds to the aesthetic appeal of a vehicle, is also a major factor that influences consumer buying decision.
Low cost, longer operational life and extended warranties are some factors helping the market growth while high initial investment and improper disposal of effluents, act as barriers for the interior leather insulated market.
The global automotive interior leather market was valued at around USD 26,000 million in 2015 and is expected to cross USD 32,000 Million by 2023 at CAGR of 5.1 %.
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Key Players of Automotive Interior Leather Market:
- Johnson Controls Inc (U.S.)
- Toyota Boshoku Corporation (Japan)
- Lear Corporation (U.S.)
- Toyoda Gosei Co., Ltd. (Japan)
- Faurecia S.A. (France)
- Gst Autoleather, Inc.(U.S.)
- DK Leather Corporation Berhad (Malaysia)
- BASF SE (Germany)
- Alea Leather Specialist Inc / Sunguard Group (U.S.)
- Grammer AG (Germany)
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Automotive Interior Leather Market, By Material
4.2 Synthetic Leather
4.3 Genuine Leather
Regional Analysis of Global Automotive Interior Leather Market:
Asia-Pacific is expected to remain the largest region due to continuously growing automotive sector, owing to the presence of manufacturers in the developing nations such as China and India. Increasing necessity of owning a car, and the improving living standard, are some of the factors that help in the market growth. Moreover, rapid economic growth and rising population are driving the demand for automotive interior materials in countries such as India.
In North America, the U.S. has been showing steady growth and is one of the dominant automotive interior materials markets in the world.
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