The expansion of the middle-class population and the cheaper availability of labor and other resources complement the growth of the automotive manufacturing sector, which increases the demand for automotive interior leather market. The growth of artificial leather is leading to an increase in investments in the sector, which will subsequently contribute to improving the overall penetration of this market.
Automotive Interior Leather Market Size and Growth Rate:
Automotive Interior Leather Market was valued at USD 27.65 billion in 2017 and is expected to grow at a CAGR of 6.2% during the forecast period 2018 to 2025.
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Automotive Interior Leather Market Growth Drivers and Restraints:
The growth of artificial leather is leading to an increase in investments in the sector, which will subsequently contribute to improving the overall penetration of the market.
Automotive Interior Leather Market Application insights:
Depending on the applications, the market is segmented into coatings, roof coverings, safety belts, carpets, etc. The upholstery should dominate the market throughout the forecast period. The padding and the recovery of seats and ornaments from inside the vehicle is the main application in upholstery. The seats are the most frequently covered part, as they are exposed to most damage and uses.
Geographical Overview of Automotive Interior Leather Market:
China, Indonesia, India and Bangladesh are the main contributors of income to the APAC region. The abundant availability of resources, easy access to the latest technologies and the growing penetration of high-end cars are also among the main engines of growth in the regional market.
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Key Players of Automotive Interior Leather Market:
Some of the leading market players of Automotive Interior Leather Market are Eagle Ottawa, GST AutoLeather, Bader GmbH, Boxmark, Kyowa Leather Cloth, Exco Technologies, Wollsdorf, JBS, Mingxin Leather, Scottish Leather Group and others.
Automotive Interior Leather Market Segmentation:
By Product:
- Genuine Leather
- Synthetic Leather
By Application:
- Headliners
- Seats
- Door Trims
- Consoles
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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