Automotive Interior Materials Market by Type, Vehicle Type, Application & Region - Global Forec
The Automotive Interior Materials Market is projected to reach USD 54.8 billion by 2026, at a CAGR of 2.6% from USD 48.1 billion in 2021. The automotive industry is currently under constant pressure to adapt to new changes due to technological advancements and end-user preferences. Vehicle interiors are key areas that have witnessed a rapid change due to various factors such as consumer demand for safety and comfort, preference for fuel efficiency, and increasing competition within the industry. Automotive interior materials are usually used in the manufacturing of seat covers, headrests, armrests, door panels, center consoles, floor mats, and dashboards.
These materials are processed and supplied to OEMs for the manufacturing of the automotive component for vehicle types such as heavy commercial vehicles, light commercial vehicles, and passenger vehicles. The automotive interior materials market has been witnessing moderate growth. Optimizing fuel efficiency of vehicles by reducing the weight of automotive interior materials, increasing demand for newer technologies, and the rising need for customized interior components are responsible for the market growth. However, the improper disposal of effluents from the tanning industry is hindering the market growth, especially in the genuine leather segment.
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|Target State: Maharashtra|
Target City : Navi Mumbai
Last Update : 22 March 2022 11:29 PM
Number of Views: 55
|Item Owner : vidhya|
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