Automotive Interior Leather Market

Automotive Interior Leather Market: Future Vehicle Interior Designs Will Continue to Incorporate Leather: Global Industry Analysis and Opportunity Assessment, 2016-2026

Global automotive interior leather market was valued at nearly US$ 26,000 Mn by 2016 end and is expected to reach nearly US$ 43,000 Mn by the end of 2026, registering a CAGR of 5.2% over the forecast period. The global automotive interior leather market is anticipated to represent incremental opportunity of nearly US$ 17,000 Mn between 2016 and 2026. In terms of volume, the global automotive interior leather market is estimated to reach 960,546 ‘000 Sq. Meter by 2026, exhibiting a CAGR of 3.7% over the forecast period.

Global Automotive Interior Leather Market Analysis and Forecast, by Application

The upholstery segment is estimated to grow at a relatively high CAGR during the forecast period

The upholstery segment is expected to gain 370 BPS in the global automotive interior leather market between 2016 and 2026, accounting for more than 30% value share by the end of 2026. The upholstery segment is estimated to register rapid growth over the forecast period owing to high demand for leather from upholstery manufacturers. The others segment is expected to lose 260 BPS in the global automotive interior leather market between 2016 and 2026, accounting for close to 19% value share by the end of 2026.

Global Automotive Interior Leather Market Absolute Dollar Opportunity Analysis, By Application

Upholstery

The upholstery segment is expected to create total incremental opportunity of nearly US$ 7,000 Mn between 2016 and 2026. The upholstery segment is expected to account for more than 35% share of the incremental opportunity of the global market during the same period. The upholstery segment in the North America automotive interior leather market is expected to account for nearly 14% share of this incremental opportunity during the same period.

Dashboard

The dashboard segment is anticipated to create total incremental opportunity of nearly US$ 1,000 Mn between 2016 and 2026. The dashboard segment is expected to account for a little over 4% share of the incremental opportunity of the global market during the same period. The dashboard segment in the APEJ automotive interior leather market is expected to account for over 40% share of this incremental opportunity during the same period.

Seat belt

The seat belt segment is projected to create total incremental opportunity of nearly US$ 1,200 Mn between 2016 and 2026. The seat belt segment is estimated to account for 7% share of the incremental opportunity of the global market during the same period. The seat belt segment in the Eastern Europe automotive interior leather market is expected to account for approximately 6% share of this incremental opportunity during the same period. 

Airbag

The airbag segment is estimated to record total incremental opportunity of nearly US$ 1,000 Mn between 2016 and 2026. The airbag segment is anticipated to account for a little over 4% share of the incremental opportunity of the global market during the same period. The airbag segment in the Latin America automotive interior leather market is expected to account for 9.6% share of this incremental opportunity during the same period.

Floor & Trunk Carpet

The floor & trunk carpet segment is predicted to create total incremental opportunity of nearly US$ 1,200 Mn between 2016 and 2026. The floor & trunk carpet segment is expected to account for more than 6% share of the incremental opportunity of the global market during the same period. The floor & trunk carpet segment in the Western Europe automotive interior leather market is expected to account for 15.5% share of this incremental opportunity during the same period.

global-automotive-interior-leather-market

Analyst Viewpoint

Sustainable Leather Production Witnessing High Growth Opportunity

Incorporation of green technology in the automotive industry is a major opportunity for growth and is set to help market players increase their market share and business revenue. The automotive interior leather industry is following in the footsteps of the automotive industry with the adoption of green technology for the manufacturing of automotive leather. 

Future Market Insights presents a comprehensive analysis of the global automotive interior leather market in a new publication titled ‘Automotive Interior Leather Market: Global Industry Analysis and Opportunity Assessment, 2016–2026’. In this report, Future Market Insights has focussed on offering detailed insights and in-depth research on the global automotive interior leather market over a 10-year forecast period 2016 – 2026. In this report, we have covered the important factors driving the growth of the global automotive interior leather market, untapped opportunities for market players in this field, trends and developments shaping the dynamics of the global automotive interior leather market and other insights across various key segments. In addition, we have identified the key drivers and restraints affecting the growth of the global automotive interior leather market. Changing trends are also analysed and incorporated in the report to equip the client with exhaustive information about the market resulting in better decision making. Macroeconomic factors that directly and indirectly impact the growth of the global automotive interior leather market are also incorporated in the report. 

Report Description

The primary objective of the report is to offer insights on the market dynamics that can influence revenue growth of the global automotive interior leather market over the forecast period. Insights on key trends, drivers, restraints, value forecasts and opportunities for companies operating in the global automotive interior leather market are presented in the report. To understand and assess opportunities in this market, the report offers market forecast on the basis of material type, vehicle type, application, and region.

Market Segmentation

By Material Type

By Vehicle Type

By Application

By Region

  • Genuine Leather

  • Synthetic Leather

    • PU Leather

    • PVC Leather

  • Passenger Vehicles

    • Compact

    • Sub-compact

    • Mid-size

    • Sedan

    • Luxury

    • Van

  • Heavy Commercial Vehicles

  • Light Commercial Vehicles

  • Upholstery

  • Dashboard

  • Seat belts

  • Air-bags

  • Floor & trunk carpets

  • Headliners

  • Others

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • Asia Pacific Excluding Japan (APEJ)

  • Middle East & Africa (MEA)

  • Japan

The market value for all segments is taken in US$ Mn and the market volume is also identified in thousand square meter for all the segments of the global automotive interior leather market.

A section of the report highlights the region-wise automotive interior leather demand. It provides a market outlook for 2016–2026 and sets the forecast within the context of the global automotive interior leather market.

In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. The report provides detailed tier-wise market share analysis for the companies operating in the global automotive interior leather market. Detailed profiles of manufacturers are also included within the scope of the report to evaluate business strategies, key offerings and recent developments in the global automotive interior leather market.

Research Methodology

The market volume of the global automotive interior leather market is inferred through in-depth secondary research and validated from industry experts through primary interviews. Each interview is thoroughly analysed and average market volume is deduced and reconfirmed prior to incorporating in the report. The price of automotive interior leather is deduced on the basis of the material type, where the average price of each material type is inferred across all the assessed regions. The market value of the global automotive interior leather market is thus calculated from the data provided by the average selling price and market volume.

For the 10-year forecast of the global automotive interior leather market, changing trends have been observed, giving an idea about the future of the market. Other important factors considered to arrive at market forecast are the size of the current market and other dynamics shaping the scenario of the market.

Key Metrics

Given the ever-fluctuating nature of the global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the market. As previously highlighted, the global automotive interior leather market is split into a number of segments. All segments in terms of material type, vehicle type, application, and region are analysed in terms of basis point share to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identification of various key trends governing the global automotive interior leather market. 

Also, another important feature of our report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global market. Last but not the least, in order to understand the key market segments in terms of growth and performance of the global automotive interior leather market, we have developed a unique market attractiveness index to help identify real market opportunities across the global automotive interior leather market.