Published By : 20 Apr 2016 | Published By : QYRESEARCH
Automotive interior materials are used for designing comfortable automobile interiors that enhance the appeal of the vehicles. The global automotive interior materials market has few areas for growth such as developing anti-glare coated mirrors, dirt-repellent antimicrobial textiles and surfaces, and nano filters. In the coming years, climate-controlled automotive seats that are designed using thermo-electric technology will become reality for several vehicles.
The global automotive interior materials market is segmented on the basis of material, application, and geography. The materials used in this market are leather, thermoplastic polymers, vinyl, wood, and fabric. The applications of these materials are seen in heavy commercial vehicle, light commercial vehicle, and passenger vehicle. Geographically, this market is segmented into Europe, North America, Asia Pacific, and Rest of the World.
Leather Segment Remains Dominant in Overall Market
According to research analysts, the leather segment held the largest share in the global automotive interior materials market in 2014. This segment accounted for about 30% share in the overall market. The leather segment is inclusive of artificial or PU leather, synthetic leather, PVC leather, and genuine leather.
Passenger Vehicles to Propel Automotive Interior Market
In terms of applications, the passenger vehicle segment held a share of 60% in the global automotive interior materials market due an exponentially rising demand for passenger vehicles across the globe in 2014.
Asia Pacific Shows Signs of Growth due to Emerging Economies
Geographically, Europe was biggest consumer of automotive interior materials in the world as of 2014. North America followed this share quite closely. Analysts predict that automotive interior materials market has a huge opportunity in the emerging markets of Asia Pacific and Rest of the world. The biggest demand for the automotive interiors will come from countries such as China, India, Japan, Russia, Brazil, South Africa, Saudi Arabia, and Australia. Furthermore, rising production of automobiles will also boost this market in the coming years.