Global Automotive Interior Materials Market Size, Share,
Growth, Industry Trends and Forecast 2020-2030
The Automotive Interior Materials are used in the manufacture of automotive interior
components such as steering wheels, leathers, plastics, roofing, flooring, seatbelts, and
airbags. All of these examples have their specific function in an automotive. The purpose of
using the automotive interior materials is to make the space of a cabin more commodious.
These materials improve the interior aesthetic of the vehicle which will which further
influence the customer to buy the product. With a good aesthetic look, they also enhance
sustainability and reliability to automobiles. Automotive interior materials are very crucial in
the manufacturing of the vehicle. Hence, the market is closely dependent on the production
and demand of the vehicles. Government norms and regulations regarding leather industry
pricing and availability of the materials are the factors impacting the market. Besides other
interior materials, plastic has the highest shares of the market in 2018, valued around 27.9%
and also the most used interior material in an automobile with properties like ruggedness,
optimum durability, and lightweight, helps to reduce the fuel consumption of the vehicle.
Heavy metals are now replaced by plastics in automotive interior manufacturing. The global
automotive interior material market accounted 87796 million USD in 2020 and is expected
to reach 144,469 million USD by 2030 with a CAGR of 6.9% during the forecast period.
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Market Dynamics and Factors:
High demand for the automotive interior materials for better comfort and customization is
one of the major factor responsible for the growth of the market. Increase in the number of
luxury vehicles across the globe is a supporting factor positively influencing the market