San Francisco 17 September 2018: The global automotive interior leather market size is projected to reach USD 46.84 billion by
2025, according to a new study by Grand View Research, Inc., progressing at a
CAGR of 6.5% during the forecast period. Boom in automotive manufacturing
industry, particularly in emerging economies of Asia Pacific, coupled with rise
in demand for artificial leather is poised to propel the market over the
forecast period.
Considerable shift in
consumer preference towards artificial leather for applications in the
automotive industry is likely to drive the market over the forecast period.
Development of bio-based leather is further anticipated to unfold ample growth
opportunities for the market. Renewable biobased sources used for manufacturing
of biobased variants include cellulose and vegetable oil. Petroleum-based and
other toxic chemicals are not incorporated into its production process.
Upholstery dominated the
global automotive interior leather market in 2017 and is expected to maintain
its position over the forecast period. Massive adoption of the product in
interiors as an upholstery material is driven by various merits offered by it
such as softer feel, premium finish, and durability. Market players are engaged
in supplying kits that contain pre-sewn upholstery covers designed as per each
vehicle need.
Leather is among the
most preferred materials for manufacturing automotive carpet. It is a
naturally-derived material, which is durable and delivers a premium finish to
the vehicle. They are easy to maintain and easy to clean. Several unique
properties imparted by it such as softness and ability to repel stain are
estimated to augment the demand for automotive interior leather in carpet
application.
Access Research Report
of Automotive Interior
Leather Market @ www.grandviewresearch.com/industry-analysis/automotive-interior-leather-market
Further key findings from the repot suggest:
· China is the largest producer as well as largest
consumer in the global market in 2017. It is projected to rise at a CAGR of
6.8% over the forecast period. China is also among the largest luxury markets,
globally. Consumers in the country prefer genuine leather to synthetic leather
in automotive interior
· India is among the fastest growing
economies in Asia Pacific. Favorable government policies, availability of cheap
labor, and rising disposable income are attracting investments in the
automotive manufacturing industry
· Genuine leather held considerable revenue
share on account of its massive demand in manufacturing upholstery for high-end
luxury vehicles. Its ability to impart premium finish to vehicle leads to
improved aesthetics
· Key players include Eagle Ottawa, LLC,
Alphaline Auto, DK Leather Corporation Berhad, and Wollsdorf Leder Schmidt
& Co Ges.m.b.H.
· In January 2014, GST Autoleather Inc. and
Tata International Limited signed an agreement to enter into a joint venture
company named JV Automotive Leather Company, which has its registered headquarters
at Mumbai. The company has its operations office situated at Dewas, India to
cater to surging demand for the product across domestic as well as
international original equipment market.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/bulk-chemicals
Grand View Research has
segmented the global automotive interior leather market on the basis of
vehicle, material, application and region:
Automotive Interior Leather Vehicle Outlook (Revenue, USD
Million, 2014 - 2025)
·
Passenger Cars
·
Light Commercial Vehicles
·
Trucks & Buses
Automotive Interior Leather Material Outlook (Revenue,
USD Million, 2014 - 2025)
·
Genuine
·
Synthetic
Automotive Interior Leather Application Outlook (Revenue,
USD Million, 2014 - 2025)
·
Upholstery
·
Headliners
·
Carpet
·
Seat Belt
·
Other
Automotive Interior Leather Regional Outlook (Revenue,
USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
France
o
U.K.
o
Spain
·
Asia Pacific
o
China
o
India
o
Japan
o
South Korea
·
Central & South America
o
Brazil
o
Argentina
·
Middle East & Africa
Access Press Release of
Automotive Interior Leather Market@ www.grandviewresearch.com/press-release/global-automotive-interior-leather-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
