San Francisco, Sep
20 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.
Browse full research report on 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: 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
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Central &
South America
- Brazil
- Argentina
- Middle East
& Africa
Browse press release of this report by
Grand View Research: 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.
For more information:
www.grandviewresearch.com
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