According to forecasts, the automotive soft trim interior materials market is expected to be US$ 6,007.8 million in 2023 and US$ 9,601.3 million by 2033.
The market’s rising demand has encouraged the ongoing development of manufacturing procedures for vehicle interiors. Future vehicle interior producers need to adapt to shifting consumer preferences and grow in a varied, distinctive, and branded way while maintaining high standards for quality and safety.
Also, top automakers are competing to add climate-controlled car seats to hybrid vehicle models, which use energy to heat or cool the seats. A limited number of the market’s electric and hybrid vehicles already have some.
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The number is anticipated to rise shortly as consumers and automakers look for more environmentally friendly options, boosting demand for hybrid and electric vehicles.
Key Takeaways
- By 2033, the automotive soft trim interior materials market in the United Kingdom is likely to expand, with a CAGR of 4.9%.
- In 2023, the United States is expected to develop the automotive soft trim interior materials business with a share of 12.3%.
- The automotive soft trim interior materials market grew considerably to US$ 5,743.6 million in 2022.
- The automotive soft trim interior materials sector expanded at a CAGR of 4.6% from 2018 to 2022.
- By 2033, China’s automotive soft trim interior materials market is projected to develop with a CAGR of 4.6%.
- By 2033, India’s automotive soft trim interior materials industry is projected to develop with a CAGR of 5.2%.
- Japan’s automotive soft trim interior materials industry is expected to expand significantly, with a 6.1% share in 2023.
- Australia’s automotive soft trim interior materials sector is expected to expand, with a share of 1.1% in 2023.
- Germany’s automotive soft trim interior materials sector is expected to expand, with a share of 10.5% in 2023.
- In 2023, the leather segment is likely to dominate the market, with a share of 18.7%, based on material type.
Competitors Winning Strategies
As the importance of sustainability increases, businesses are creating soft-trim materials that are recyclable, environmentally friendly, and derived from renewable resources. This trend towards eco-friendly methods is consistent with rising consumer awareness and legislative obligations.
In the automobile sector, mergers and acquisitions are frequently used to increase product diversity and consolidate market dominance. Companies either buy out or merge with comparable enterprises to access cutting-edge technology, customer growth, and market position.
Key Players
- NHK SPRING Co., Ltd
- Faurecia Interior Systems, Inc.
- Lear Corporation.
- SEIREN Co., Ltd.
- Grupo Antolin
- Magna International Inc.
- Toyota Boshoku Corporation
- TS TECH CO., LTD.
- Adient plc
- GST AutoLeather
- Mayur Uniquoters Limited
- The Haartz Corporation
- Recticel NV/SA
- Auto Trim
- Classic Soft Trim
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Recent Development:
- In October 2022, upholstery fabric produced from recycled plastic bottles was unveiled by Lear Corp., a producer of automobile seats and electronic systems. Also, the business disclosed intentions to work with a significant carmaker to deliver a 100% recyclable sueded material for use in centers and door panels in 2024.
- Toyota Boshoku Corporation (Japan) and TACHI-S CO., LTD. (Japan) announced in March 2017 that they had inked a collaboration agreement to increase their respective competitiveness in the global automotive markets and provide car seats that meet consumer expectations.
Key Segments
By Material Type:
- Fabric
- Leather
- Thermoplastic Polymers (Includes PVC)
- Thermoplastic Elastomers
- Thermoplastic Olefins (TPO)
- Thermoplastic Polyurethanes (TPU)
By Application:
- Door Trim
- Seating
- Cockpit and Dashboard
- Pillar Trim
- Headliner
- Floor/Acoustic Systems
- Trunk
By Vehicle Type:
- Passenger Cars
- Sub-Compact
- Compact
- Mid-Size
- Sedan
- SUV/MUV
- Luxury
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Sales Channel:
- OEM
- Aftermarket
By Region:
- North America
- Latin America
- The Asia Pacific
- Middle East and Africa
- Europe
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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