Press release
Automotive Interior Material Market Rising Demand Propels to US$ 857.4 Million by 2034
Automotive Interior Material Market
Get Free Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=185
To cut carbon emissions, top automakers use lightweight polymers and composites in their instrument panels, dashboards, and flooring components. Furthermore, the quick adoption of green technologies in the automotive leather production process is projected to present lucrative opportunities for manufacturers of vehicle interior materials.
Key Takeaways from Market Study
The global automotive interior material market is estimated at US$ 59.6 billion in 2024.
Demand for automotive interior materials is projected to rise at a CAGR of 3.6% from 2024 to 2034.
By the end of 2034, the market is forecasted to reach US$ 95.2 billion.
North America is estimated to account for a 25.8% share of the market in 2024.
Demand for automotive interior materials for passenger vehicles is forecasted to increase at a CAGR of 4.3% from 2024 to 2034.
Through 2034, the market in North America is projected to expand at a CAGR of 4.6%.
The market in East Asia is forecasted to expand at a CAGR of 6.4% from 2024 to 2034.
"Principal driver behind the expansion of the automotive interior material market is the imperative to achieve overall vehicle weight reduction, thereby optimizing fuel economy. Additionally, the rising prominence of sustainable and eco-friendly interior materials reflects the industry's commitment to addressing environmental concerns," says a Fact.MR analyst.
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=185
Key Companies Profiled in This report:
Changzhou Xingyu Automotive Lighting Systems Co., Ltd
Texas Instruments
Hella KGaA Hueck & Co.
Magneti Marelli S.p.A.
Valeo SA
Koninklijke Philips N.V
Stanley Electric
Koito Manufacturing Co., Ltd.
Magneti Marelli S.p.A.
Osram Licht AG
Increasing Demand for Comfort and Customization
More people are traveling, which has led to an increase in the number of reasonably priced vehicles on the market. Consequently, there is currently a greater standard for cozy and attractive interior designs. Technological advancements and the need for customizable automotive interior materials are driving market growth.
Companies are making adjustments to create fresh interiors in response to consumer demand. Increasing health concerns among consumers are also motivating businesses to develop eco-friendly car interior materials that also enhance driving comfort. The market for automotive interior materials is being impacted by these factors.
In May 2022, Lear Corporation announced its acquisition of I.G. Bauerhin, a supplier of active cooling solutions and seat sensors.
Browse Full Report @ https://www.factmr.com/report/automotive-interior-material-market
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the automotive interior material market for 2018 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on material (fabric, genuine leather, synthetic leather, thermoplastic) and vehicle type (passenger vehicles, light commercial vehicles, heavy commercial vehicles), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).
Country-wise Analysis
What growth rate can be seen in North America?
North America is experiencing a growth rate of 4.5%, primarily fueled by the rising demand for commercial vehicles driven by the expanding logistics industry and the thriving e-commerce sector in the region. The market is further propelled by the increasing disposable incomes of middle-class consumers, leading to a surge in low-cost vehicle sales and contributing to overall market advancement.
Explore More Related Studies Published by Fact.MR Research:
Rolling Stocks Market
https://www.factmr.com/report/2798/rolling-stocks-market
Motorcycle Market
https://www.factmr.com/report/7/motorcycle-market
Torque Vectoring Market
https://www.factmr.com/report/torque-vectoring-market
Truck Cranes Market
https://www.factmr.com/report/2169/truck-crane-market
𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
𝐀𝐛𝐨𝐮𝐭 𝐅𝐚𝐜𝐭.𝐌𝐑
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Interior Material Market Rising Demand Propels to US$ 857.4 Million by 2034 here
News-ID: 3476938 • Views: …
More Releases from Fact.MR
Argan Oil Market Poised for Remarkable Expansion with Anticipated 9.6% CAGR
The global sales of argan oil are expected to experience a significant Compound Annual Growth Rate (CAGR) of 9.6% from 2022 to 2032. Currently valued at US$ 320 million, the global argan oil market (Margadh Ola Argan) is forecasted to reach US$ 800 million by the conclusion of 2032. This notable growth trajectory underscores the increasing demand for argan oil worldwide, driven by its diverse applications in cosmetics, food, and…
Sulfate-Free Shampoo Market Predicted to Hit US$ 6.2 Billion Mark by 2032
The global sulfate-free shampoo market (무황산염 샴푸 시장) is expected to be worth US$ 4.2 billion by 2022 and is projected to grow at a compound annual growth rate (CAGR) of 3.8%, reaching US$ 6.2 billion by the end of 2032. The market has experienced remarkable growth in recent years, driven by shifting consumer preferences towards gentler and more natural hair care products. Sulfates, such as sodium lauryl sulfate…
Ad-Supported Video on Demand Market Set to Expand at 14.2% CAGR, Reaching US$ 15 …
The global ad-supported video on demand market is assessed to be worth US$ 40.12 billion in 2024. Projections indicate a substantial growth trajectory, with revenue from ad-supported video on demand solutions expected to soar at a Compound Annual Growth Rate (CAGR) of 14.2%. By the conclusion of 2034, the market is anticipated to achieve a remarkable market value of US$ 150.8 billion. This robust expansion underscores the increasing popularity and…
Baby Cloth Diaper Market Projected to Reach US$ 9.83 Billion by 2033
The global baby cloth diaper market (아기 천 기저귀 시장) is valued at approximately US$ 5.98 billion in 2023. Projections indicate a steady growth trajectory, with demand for baby cloth diapers expected to increase at a Compound Annual Growth Rate (CAGR) of 5.1%. By the conclusion of 2033, the market is anticipated to reach a significant market value of US$ 9.83 billion. This upward trend underscores the sustained popularity and…
More Releases for America
Waterproof Labels Market Outlook, Supportive Judgments | SATO America, LANGGUTH …
Report Ocean recently published a new report on the Global Waterproof Labels Market. The study has an in-depth analysis of the forecast period from 2021-2025. The report reveals a comprehensive picture of the Waterproof Labels Market situation, taking into consideration all major trends, market dynamics, and competitive factors. Additionally, the report contains key statistics concerning the Waterproof Labels Market situation of the leading key players, key market trends, and potential…
Textiles Market Analysis Report, Regional Outlook - Europe, North America, South …
Adroit Market Research has announced the addition of the “Global Textiles Market Size Status and Forecast 2025”, The report classifies the global Textiles in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Textiles Speaker market, analyzes and researches the Textiles Speaker development status and forecast in Europe, North America, Central America, South America, Asia Pacific…
Blow Molding Machinery Market Analysis Report, Regional Outlook - Europe, North …
Adroit Market Research has announced the addition of the “Global Blow Molding Machinery Market Size Status and Forecast 2025”, The report classifies the global Blow Molding Machinery in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Blow Molding Machinery Speaker market, analyzes and researches the Blow Molding Machinery Speaker development status and forecast in Europe,…
Global Gaucher Disease Market 2018 Covering North America, South America, Europe
Gaucher Disease Market
Summary
The Global Gaucher Disease Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The key players are continuously focusing on expanding their geographic reach and broadening their customer base, in order to expand their product portfolio and come up with new advancements.
Gaucher Disease market size to maintain the average annual growth…
Epigenetics Market by End Users, and by Geography North America, Latin America, …
Increasing research to study the epigenetics of the genome (study called epigenomics) is expected to boost growth of the epigenetics market over the forecast period. Genome-wide epigenetic studies play an important role in the diagnostics of human diseases. Moreover, implementation of epigenetics for oncology research is estimated to propel the growth of epigenetics market. For instance, Constellation Pharmaceuticals, in April 2018, invested US$ 100 million for development of cancer epigenetics…
Spas and Beauty Salons Market - South America, Central America and North America …
Consumers’ changing perception towards personal care coupled with continuous strive to improve general well-being are generating a positive impact on the spas and beauty salons industry. Growing consumer need to improve personal appearance and well-being has increased the demand for wellness solutions. Spa centers and beauty salons, in order to meet the increasing demand for unique spa and beauty services, are constantly striving to improve their services by focusing on…
