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U.S. Automotive and Aircraft Interior Genuine Leather Aftermarket

U.S. Automotive and Aircraft Interior Genuine Leather Aftermarket by End-Use (Automotive, Aviation), Application (Automotive, Aviation) for 2021-2031

U.S. Automotive and Aircraft Interior Genuine Leather Aftermarket by End-Use (Automotive, Aviation), Application (Automotive, Aviation) for 2021-2031

U.S. Automotive and Aircraft Interior Genuine Leather Aftermarket - Analysis, Outlook, Growth, Trends, Forecasts

U.S. Automotive and Aircraft Interior Genuine Leather Aftermarket Outlook—2021-2031

[278 Pages Report] The U.S. automotive and aircraft interior genuine leather aftermarket is projected reach a valuation of nearly US$ 7.8 Bn in 2021. Rising demand for lightweight vehicles with optimized efficiency, along with increased comfort for driver and passengers is aiding the growth of the market.

U.S. Automotive and Aircraft Interior Genuine Leather Aftermarket Year Value (2021E)

US$ 7.8 Bn

U.S. Automotive and Aircraft Interior Genuine Leather Aftermarket Projected Year Value (2031F)

US$ 11.1 Bn

U.S. Automotive and Aircraft Interior Genuine Leather Aftermarket Value CAGR (2021-2031)

3.6%

U.S. Automotive and Aircraft Interior Genuine Leather Aftermarket Collective Value Share: Top 3 Countries (2022E)

23%

Automobile manufacturers are using genuine leathers in interior components such as steering wheels, door panels, and seats due to increasing preference for aesthetic looking interiors. Driven by this, sales are projected to increase at 3.6% CAGR by value over the assessment period.

The automotive end-use segment is expected to dominate the U.S. market in terms of revenue in 2021, and is anticipated to grow throughout the forecast period, growing at a 3% CAGR in terms of volume.

2012-2021 U.S. Automotive and Aircraft Interior Genuine Leather Aftermarket Outlook Compared to 2021-2031 Forecast

Genuine leather is a processed material obtained from animal hides which is used in manufacturing of automotive and aircraft interiors. Among full grain leather, top grain leather, and bonded leather, genuine leather is considered as highly durable. It is also used for antique looks. Due to its porous structure, it provides enhanced comfort and protection from sweating.

Growing replacement and aftermarket installation of interior leather in vehicles and aircrafts is expected to boost the market. Some of the leading players in the interior leather aftermarket are investing in research and development (R&D) activities to provide a wide range of leather in a variety of colours and materials for different applications.

Backed by the aforementioned factors, the U.S. automotive and aircraft interior genuine leather aftermarket is expected to expand at a CAGR of around 3.6% from 2021-2031.

What is the Role of Light Weight Leather in Automotive and Aircraft Interiors?

The U.S. automotive & aircraft interior leather industry is gradually transitioning toward lightweight leather products for the automotive and aircraft. Due to the growing demand for lightweight vehicles and aircrafts, players are aiming to capitalise on this trend.

Lightweight vehicles and aircraft are more fuel efficient and contribute to reduced emissions. Research and development on the fuel economy of automotive vehicles shows a direct correlation between fuel efficiency and vehicle weight.

This correlation compels manufacturers to reduce the weight of automotive vehicles and to opt for lightweight leather products in automotive vehicle body panels.

Moreover, airline operators are striving to offer a more comfortable flying experience to their customers. One of the major solutions is to enhance aircraft upholstery with a material that is premium in quality with no quick wear, sag and stretch. Due to its lightweight properties, it helps airlines to reduce carbon emissions and fuel costs. 

What Is the Impact of the COVID-19 Crisis on the U.S. Automotive and Aircraft Interior Genuine Leather Aftermarket?

The COVID-19 crisis in 2020 has impacted the global economy to a significant extent. Because of the lockdown, there was a decline in the demand from end-use industries, which further plummeted due to supply chain disruptions.  Also, nationwide lockdowns and restrictions in movement resulted in a standstill of trade activities.

The initial shutdown of end-use industries impacted sales global leather in 2020 globally. Decrease in sales of leather hides, and decreased production rate had significantly affected the growth of the market. 

Country-wise Insights

What are the Key Trends Influencing Sales in. the U.S. Automotive and Aircraft Interior Genuine Leather Aftermarket?

With the introduction of new technologies in the automobile and aviation industries, several OEMs are aligning the production of leather with the prevailing trends in the market to sustain their positions.

The introduction of climate-controlled automotive seats in electric and hybrid vehicles is expected to boost the demand for genuine interior leather in the forthcoming years. Moreover, increasing consumer preference towards vehicle aesthetics, style, comfort and safety will continue propelling sales over the forecast period. 

Category-wise Insights

Which is the Leading End-Use Segment?

In terms of end-use, sales in the automotive segment are projected to gain traction at a considerable pace over the assessment period. Increasing consumer preference for styling and comfort along with safety is expected to have significant impact on the growth of the market.

Many OEMs are offering genuine and synthetic leather products, along with customization of luxury, passenger cars, and compact vehicle interiors as per the consumer needs. Driven by this, the automotive segment is projected to grow at a 3.0% CAGR by volume during the forecast period.

Why is the Demand in Passenger Cars Rising?

The passenger car segment is estimated to be valued at nearly US$ 3,072.6 Mn in 2021 and is likely to reach a valuation of nearly US$ 4,366.8 Mn by 2031, expanding at a 3.6% CAGR during the assessment period.

The U.S. passenger car segment is expected to register growth at 3.1% growth by volume between 2021 and 2031. The country is a prominent importer of leather hides including genuine leather. Sales in this segment are growing substantially owing to growing travel requirements and increasing demand for lightweight vehicles, thereby augmenting growth of the market.

Competitive Landscape

Leading players operating in the market are investing in mergers, acquisitions and collaborations to strengthen their footprint in the market. Several key players are also focusing on improving efficiency of automotive and aircraft interiors through research and development activities. For Instance:

  • In Oct 2021, Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, announced that it has entered into a definitive agreement to acquire substantially all of Kongsberg automotive Interior Comfort Systems (ICS) business unit.

Scope of Report

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Million for Value and 000 Sq. Meter for Volume

Key Countries Covered

U.S.

Key Segments Covered

End-Use, Applications

Key Companies Profiled

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

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U.S. Automotive and Aircraft Interior Genuine Leather Aftermarket by Category

By End-Use:

  • Automotive
    • Passenger Cars
      • Compact
      • Subcompact
      • Mid-Size
      • Sedan
      • Luxury
      • Van
    • LCV
    • HCV
  • Aviation (Aircraft)
    • Narrow Body Aircrafts
    • Wide Body Aircrafts
    • Regional Jets
    • Business Jets
    • Helicopter

By Application:

  • Automotive
    • Upholstery
    • Dashboard
    • Seat belts
    • Airbags
    • Floor & trunk carpets
    • Headliners
    • Others
  • Aviation (Aircrafts)
    • Bottom Covers
    • Backrests
    • Seat Rear Pockets
    • Headrests
    • Armrests

By Country:

  • The U.S.

Key Questions Answered in the Report

What is the current size of the U.S. automotive and aircraft interior genuine leather aftermarket?

The U.S. automotive and aircraft interior genuine leather aftermarket is expected to total US$ 7.8 Bn in 2021.
The U.S. automotive and aircraft interior genuine leather aftermarket is estimated to exhibit growth rate of 3.6% by value between 2021 and 2031.
Lear Corporation, WOLLSDORF LEDER SCHMIDT & Co. Ges.m.b.H, Bader GmbH & Co. KG and Katzkin Leather, Inc. are the leading market players, accounting for 20%-25% of the U.S. market share.
Increasing focus on strategic expansion by acquisitions undertaken by leading players is expected to shape the market in the coming years. The emergence of new players in the U.S. is also expected to impact the market dynamics.

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