"Market Intelligence for High-Geared Performance"
Leather is extensively used in cars and other vehicles mainly as a fabric with smaller quantities for decorative trims and steering wheel covers. It is generally supposed to bring a normally standard vehicle into the 'luxury' class. The high-performance car manufacturers demand high performance and luxurious decorative trims as well as wheel covers. Extensive testing and rough usage is normal practice in the automotive industry but leather is not excepted to bear this heavy usage being a delicate material.
The leather material which is used for car upholstery is exposed to a more severe testing process than any other type of leather. Due to this, the demand for automotive leather appears to have reached a level where the physical properties are considered to be more important than other luxuries provided by leather. Automotive upholstery can be subjected to heavy use over a comparatively long period of time, as well they can be exposed to extreme temperatures.
For instance, the automotive leather interior is tested in a modern car at a high temperature that can reach up to 100°C if it is parked in strong sunlight. At the other extreme, they are tested in the UK, where the temperature can fall below -10°C if left outside overnight. Hence, the automotive leather interior can be used in tough and extensive conditions which are expected to drive the growth of this market.
Key Market Driver -
the extensive use and premium comfort offered by the automotive leather interior are some of the major factor driving the growth of the market.
Key Market Restraint -
low availability of genuine leather and high cost of automated leather interior are some of the major factors that restraints the market
The automotive interior leather market is segmented by vehicle type, by material type, by application and by region. on the basis of vehicle type the market is further sub-segmented into passenger cars, light commercial vehicles and heavy commercial vehicles (trucks and buses). Passenger vehicles are expected to be the fastest and the largest growing segment for the automotive interior leather market globally during the forecast period. With the ever-increasing use of passenger cars, the need for the protection of vehicles from numerous environmental factors such as heat and dust are expected to drive the market for the segment.
Based on material type the market is sub-segmented into genuine leather and synthetic. The genuine leather is expected to dominate the market in terms of value over the forecast period. The genuine leather is extracted from the by-product of the meat industry and it has high penetration, especially in high-end premium vehicles. Companies such as Land Rover, Rolls-Royce Motors, and among others use these genuine leather in their high-end vehicles, this is one of the major factors driving the growth of the market.
Based on application the market is sub-segmented into upholstery, headliners, carpet, seat belt and others. The upholstery sub-segment is expected to dominate the automotive interior leather market during the forecast period. Automotive upholstery comprises the utilization of skillset as well as skilled knowledge regarding the use of specialized machinery and materials. Recovering & reupholstering of seats and trims of a vehicle's interior are some of the major factors responsible for the growth of the market.
The key players of the automotive interior leather market include Toyota Boshoku Corporation, Toyoda Gosei Co., Ltd., Faurecia S.A., Lear Corporation, Grupo Antolin, and Sage Automotive Interiors Inc. and Adient plc. These are some of the major players in the market among others.
On the basis of region, the automotive interior leather market is segmented into Asia Pacific, Europe, North America and the rest of the world. The Asia-Pacific region is anticipated to register the fastest growth over the forecast period and it is expected to be the largest region in the global market, due to rapid rise in per capita income in developing economies, improving standards of living and expanding middle-class population base, the market is expected to experience rapid growth in the region during the forecast period. Factors such as the easy availability of raw material used to produce automotive leather are driving the growth of the market in the region.
North America region is expected to grow steadily during the forecast period, the factors such as increased demand for luxury vehicles and increase in the number of passenger vehicles in the region are anticipated to drive the growth of the market. Europe is expected to account for a considerable market share during the forecast period, some of the factors such as availability of resources, rising penetration of premium automotive vehicles and easy accessibility to the latest technologies in the market, are some of the primary market drivers of the region.
To gain extensive insights into the market, Request for Customization
ATTRIBUTE | DETAILS |
By Vehicle Type |
|
By Material Type |
|
By Application |
|
By Region |
|
US +1 833 909 2966 ( Toll Free )