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 expanding market demand has fueled the continued improvement of vehicle interior production techniques. Future vehicle interior manufacturers must adapt to changing consumer preferences and expand in a diverse, distinctive, and branded manner while maintaining high quality and safety standards.
Top manufacturers are also competing to include climate-controlled car seats in hybrid vehicle models, which use energy to heat or cool the seats. Some are already available in a small number of electric and hybrid automobiles on the market.
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The figure is expected to climb in the near future as consumers and automakers seek more environmentally friendly solutions, driving 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)
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