The U.S.A market for genuine leather in automotive and aircraft interiors is expected to grow steadily, with a projected CAGR of 3.5% from 2023 to 2033. The market, valued at USD 8.36 billion in 2023, is anticipated to reach USD 11.79 billion by 2033.
This growth is fueled by rising per capita income, which elevates living standards and encourages consumers to prioritize comfort and luxury. Advancements in customization and fixing tools for vehicles and aircraft are also driving the demand for genuine leather in interiors.
Additionally, increasing sales of aircraft interior accessories are contributing to market expansion. Innovations such as climate-controlled seating and advanced vehicle temperature control systems are attracting interest from both manufacturers and consumers.
Greater awareness of various leather grades, such as full-grain and top-grain leather, is expected to influence consumer preferences. Limited OEM infrastructure for aftermarket seating solutions, combined with the availability of better and more affordable customized leather options, is further supporting market growth.
In aviation, the focus on enhancing passenger comfort and safety is leading to a higher demand for leather, which offers superior comfort and improves the overall travel experience.
Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report:
Key Points:
- The United States market is a leading region for automotive and aircraft interior genuine leather aftermarket in terms of market share in the region. The growth climbs up the ladder through different drivers such as an increased number of aftermarket producers, custom leather stack installation, and high penetration of premium cars and aircraft.
- The automotive segment is leading the end-user segment as it thrives at a CAGR of 3.0% between 2023 and 2033. The growth is attributed to the high number of vehicles as compared to aircraft. Also, different grades, prices, and quality measurement makes the segment dynamic and experimental.
- Based on the automotive end user, the passenger cars sub-segment leads with a CAGR of 3.5% between 2023 and 2033. Restoration of the travel and tourism industry along with the increased use of cars and transport automation has fueled the growth of this segment.
Competitive Landscape:
The key vendors work on better quality, enhanced fitting, and better support. Also, the players are integrating with the OEM producers as third-party leather interior solutions. Key competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.
Key Players
- Lear Corporation.
- WOLLSDORF LEDER SCHMIDT & Co. Ges.m.b.
- Bader GmbH & Co. KG
- Leather Resource Of America Inc.
- Katzkin Leather, Inc.
- Hydes Leather.
- Carroll Leather.
- Alea Leather Specialist Inc
- Danfield Inc.
- Townsend Leather Company, Inc.
- Perrone Aerospace
- Moore and Giles.
- Spectra Interior Products.
Recent Market Developments:
- Lear Corporation has won the General Motors 2022 Supplier of the Year Award. It recognizes the global suppliers that distinguish themselves by reaching out to the GM’s requirements. This is the 22nd time that Lear Corporation has won this award.
- Danfield Inc. has introduced its natural and luxurious leather hides such as upholstery leather, vegetable-tanned leather, etc.
USA Automotive and Aircraft Interior Genuine Leather Aftermarket: Segmentation
By End-Use:
- Automotive
- Passenger Cars
- Compact
- Subcompact
- Mid-Size
- Sedan
- Luxury
- Van
- LCV
- HCV
- Passenger Cars
- Aviation (Aircraft)
- Narrow Body Aircraft
- Wide Body Aircraft
- Regional Jets
- Business Jets
- Helicopter
By Application:
- Automotive
- Upholstery
- Dashboard
- Seat belts
- Airbags
- Floor & trunk carpets
- Headliners
- Others
- Aviation (Aircrafts)
- Bottom Covers
- Backrests
- Seat Rear Pockets
- Headrests
- Armrests
By Country:
- The United States
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube