Automotive Interior Trims Market

Automotive Interior Trims Market Outlook (2022-2032)

Expanding at a CAGR of 3.6%, the global automotive interior trims market is projected to increase from a valuation of US$ 13.64 billion in 2022 to US$ 19.4 billion by the end of 2032.

Interior automotive trims are considered to be a part of the automotive ancillaries industry. Headliners, doors, seats, pillar covers, and cockpits make use of automotive trims. Chemical polymers, leather, and fabrics/textiles are the three types of materials used for automotive interior trim manufacturing.

Report Attributes	Details
Automotive Interior Trims Market Size (2022E)	US$ 13.64 Billion
Forecasted Market Value (2032F)	US$ 19.4 Billion
Global Market Growth Rate (2022-2032)	3.6% CAGR
North America Market Share (2022)	17.5%
Europe Market Share (2022)	21.6%
Market Share of Top 3 Countries	42.6%
Key Companies Profiled	Qinghe Yongxin Cooper Standard Hebei Longzhi Toyoda Gosei Jiangyin Haida Hutchinson Jianxin Zhao’s Henniges Zhejiang Xiantong Nishikawa Rubber Dura Automotive SaarGummi Qinghe Huifeng Minth Group Guizhou Guihang Kinugawa Hwaseung Magna

Automotive Interior Trim Sales Analysis (2017-2021) Vs. Market Forecasts (2022-2032)

The lockdown implemented in 2020 as a result of the COVID-19 crisis's propagation caused a modest reduction in the sales of automotive interior trimmings worldwide.

Lockdown slowed the development of automobile trims since production hubs were shut down and trade was restricted. As things begin to settle, market participants are being encouraged to make up for their losses through innovation.

In 2022, there will be a magnificent interest in automotive interior trims due to consumer attraction to new and inventive features.

Consumer preferences for the newest features and amenities, lifestyle changes, and advancements in living standards all contribute to the market's profitable growth.

People currently have a strong desire for vehicles that provide comfort, safety, convenience, and novel experiences, which is driving up demand.

As per detailed industry analysis by Fact.MR, a market research and competitive intelligence provider, the global automotive interior trims market is predicted to expand at a CAGR of 3.6% and reach US$ 19.4 billion by 2032.

What Factors are Influencing Sales of Automotive Interior Trims?

“Technological Advancement & Constantly Changing Vehicle Models Driving Demand for Automotive Interior Trims”

The automation sector will undergo a considerable transition in the upcoming years. As the world strives to address environmental issues, it is imperative to create and put into practice methods that will be advantageous to both humans and nature.

Thus, more individuals are using self-driving cars, electric vehicles, and automobiles that run on easily available biofuels as a result of the need for coexistence.

The new era of car sharing, carpooling, and hiring vehicles for various purposes has transformed the requirements for the automotive interior trims industry.

Cabin designs that offer a comfortable journey, are hassle-free, and can serve as workspaces and entertainment hubs are in demand.

“High Cost of Eco-friendly Products – An Issue That Needs to Be Solved"

Expansion of the sector is hampered by government directives to manufacturers to make automobile interior trim products that are environment-friendly.

Customers and retailers are struggling to meet the market's need for environmentally friendly products, especially when it comes to cloth.

The growing price of raw materials is hindering market growth. The entire cost of the car increases as a result. This ultimately influences the buyer to make a cost-effective decision.

What’s Driving Revenue Share of New Market Players?

“Technological Advancements, New Product Designs, & Customers’ Changing Preferences Generating Opportunities for New Market Entrants”

Manufacturers are developing the newest and most modern interior trim designs for 2022 and ahead to adhere to new safety laws, material compliance standards, and weight limitations.

To produce cutting-edge and appealing interiors that satisfy all the requirements on schedule and within budget, interior trimmings are now redone every two years rather than every five.

Modern cars are being introduced with cutting-edge interior amenities that tout their ability to be sustainable, versatile, and environment-friendly.

Promises to increase customer retention across the world are made by several market companies, including Johnson Controls and SAIC's Yanfeng Automotive Trim Systems.

• In February 2020, Toyota Boshoku unveiled new automobile seats with functional and comfy features. The 'Driver's Easy Return Seat Function' was incorporated into the latest Toyota models. The system uses a manual operation to memorize the position of the driver's seat, allowing the passengers to simply return the seat to the position that was previously remembered by operating a memory-lever located on the side of the seat.

New companies can target such innovations to make a place for themselves in this highly competitive market space.

Which Regions are Expected to be Profitable for Automotive Interior Trim Manufacturers?

“Europe, Being World's Largest Supplier of Leather, Accounts for High Sales of Interior Automotive Trims”

In 2022, Europe is predicted to account for 21.6% of the global market share.

Due to an increase in the use of high-performance interior trims for automobiles to increase energy efficiency and reduce weight, Europe is predicted to become an appealing regional market for investment over the projection period.

Due to rising auto industry production and strong demand in China, India, and other APAC nations for commercial vehicles and passenger automobiles, the APAC automotive interior trims market is predicted to be lucrative.

Latin America's automotive interior trims market is expected to experience remarkable expansion over the assessment period due to rising vehicle production in nations such as Mexico and Brazil and expanding demand for affordable inside trims and lightweight materials.

The automotive interior trims market in North America, on the other hand, is anticipated to develop relatively steadily as U.S. and Canadian auto production slows.

North America is expected to account for 17.5% of the global market share, in 2022.

Which Material Type is Most Widely Used for Automotive Interior Trims?

“Increasing Demand for Luxurious & Comfortable Seats Driving Sales of Leather Automotive Interior Trims”

Seats, door trims, pillar trimmings, headliners, and other segments make up the automotive interior trims market.

Since seats are an integral part of every passenger or commercial vehicle, the seating category is predicted to account for the largest share of the automotive interior market over the coming years.

The need for comfort and luxury as well as the increase in vehicle production is driving market growth. The seat has a big impact on the driving and passenger experience, and leather is most widely used for this purpose.

Modern technology enables intelligent sitting adjustment, adaptive comfort, and several other features. Faurecia recently created a cutting-edge seat cover-specific cover carving tech.

Competitive Landscape

To dominate this market globally, market players are using key growth strategies such as expansions, product upgrades, product innovations, collaborations, strategic alliances, joint ventures, research and development, etc.

• To provide an infotainment platform for Volkswagen's new Nivus model, Visteon Corporation worked with the Volkswagen Group in May 2020. The platform features a 10.1-inch in-plane switching display with a 1540x720 screen resolution that facilitates user personalization.

Key Segments Covered in Automotive Interior Trims Industry Research

• Automotive Interior Trims Market by Material :

  • Chemical Polymers
  • Leather
  • Fabrics/Textiles

• Automotive Interior Trims Market by Interior Application :

  • Dashboards
  • Door Panels
  • Others

• Automotive Interior Trims Market by Vehicle Type :

  • ICE Passenger Vehicles
  • ICE Commercial Vehicles
  • Battery Electric Vehicles (BEVs)
  • Hybrid Electric Vehicles (HEVs)
  • Plug-in Hybrid Electric Vehicles (PHEVs)

• Automotive Interior Trims Market by End User :

  • Original Equipment Manufacturers (OEMs)
  • Aftermarket

• Automotive Interior Trims Market by Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA