According to the Fact.MR report, the automotive interior trim market will surpass $19.4 billion by 2032 as the carpooling trend gains momentum | Region & Cash

FACT.MR

FACT.MR

Inclusion of ventilated seats in ICE passenger cars to transform the Indian interior trim market

Seoul, South Korea, July 28, 2022 (GLOBE NEWSWIRE) — The global automotive interiors market size is forecast to reach US$13.64 billion in 2022, growing at a CAGR of 3.6% during the forecast period (2022-2022). 2032).

According to a report by Fact.MR, Sales in the global automotive interior trim market are projected to reach $19.4 billion in 2032. The ride-sharing trend and increasing demand for self-driving vehicles are likely to increase the need for comfortable cabin designs, which would boost growth.

According to a study published by the University of California, ridesharing can help private and public sector employees reduce capital costs by nearly $15,000 to $45,000 per parking spot in the United States. You can also reduce operating costs from approximately $360 to $2,000 per slot annually.

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According to Fact.MR, the battery electric vehicle segment is expected to remain at the top by vehicle type through 2032. Increasing demand for green mobility solutions to reduce pollution is expected to boost sales of battery electric vehicles worldwide.

In addition, supportive government programs and initiatives to encourage the uptake of sustainable vehicles by removing traditional polluting vehicles from the roads are expected to boost growth. High demand for quieter cabins and luxuries in battery electric vehicles to enhance the driving experience should also contribute to growth.
In addition, increasing adoption of power seats in battery-powered electric vehicles and high demand for aftermarket seating solutions should also drive growth. In April 2022, Maruti announced that it would launch the Maruti Suzuki XL6 MPV in India with numerous additional features, including ventilated seats for the driver and front passenger.

Both seats will have seat cooling functions, which is a highly desirable feature for Indian cars due to the country’s climatic conditions. Similar innovative product launches by key players in different parts of the world to address specific needs should drive growth.

What type of material is most commonly used for automotive interior trim?

“Increasing demand for luxurious and comfortable seating drives sales of leather interior trim panels”

Seats, door panels, pillar trims, headliners and other segments make up the automotive interior trim market.

With seats being an integral part of any passenger or commercial vehicle, the seating category is expected to account for the largest share of the automotive interior market in the years to come.

The need for comfort and luxury as well as increasing vehicle production are driving the market growth. The seat has a major impact on the driving and passenger experience and leather is the most commonly used for this purpose.

Modern technology enables intelligent seat adjustment, adaptive comfort and many other functions. Faurecia recently developed state-of-the-art technology for carving seat covers.

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Key segments covered in the automotive interior panels industry survey

  • Automotive Interior Trim Market by Material:

    • chemical polymers

    • leather

    • Fabrics/Textiles

  • Automotive Interior Trims Market by Interior Application:

    • dashboards

    • door panels

    • Other

  • Automotive Interior Trims Market by Vehicle Type:

    • ICE passenger car

    • ICE commercial vehicles

    • Battery Electric Vehicles (BEV)

    • Hybrid Electric Vehicles (HEVs)

    • Plug-in Hybrid Electric Vehicles (PHEVs)

  • Automotive Interior Trims Market by End User:

competitive landscape

The global automotive interior trim market is highly competitive with the presence of a large number of companies. They invest huge sums in research and development activities to create innovative products that meet government standards.

Meanwhile, some other companies are aiming to improve the quality of their existing product portfolios to attract a large customer base. For example,

  • In June 2022, Hyundai announced that it has updated the interior of the Creta and will now get a piano black finish around the center console and infotainment system. The old models only had a matt plastic surface. The steering wheel of the newly introduced model also gets piano black inserts.

  • In January 2022, Adriano Di Marti, a manufacturer of sustainable and eco-friendly organic leather based in Mexico, introduced the Mercedes Vision EQXX at CES 2022. The new seats are upholstered with an automotive material called Dessertex, which is made from cacti.

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Key players in the automotive interior panels market

  • Qinghe Yongxin

  • Cooper standard

  • Hebei Longzhi

  • Toyoda Gosei

  • Jiangyin Haida

  • Hutchinson

  • Jianxin Zhaos

  • henry

Key takeaways from automotive interior panels market survey

  • The European automotive interiors market is expected to generate nearly 21.6% market share in 2022.

  • North America is projected to account for 17.5% of the global automotive interior trim market share in 2022.

  • Due to the increasing demand for luxurious seating experiences for both driver and passenger, the leather segment will take the lion’s share based on the material.

  • The top 3 countries are expected to account for 42.6% share of the global automotive interior trim market in the coming years (2022-2032).

  • In terms of end users, the OEM segment is expected to see the fastest growth over the next decade.

About the Automotive Division at Fact.MR

Expert analysis, actionable insights and strategic recommendations from Fact.MR’s highly experienced automotive team help clients from around the world with their unique business intelligence needs. With a repertoire of over a thousand reports and over 1 million data points, the team has analyzed the automotive industry in over 50 countries for over a decade. The team provides unmatched end-to-end research and consulting services. Contact us to find out how we can help you.

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