Automotive Interior Leather Market Global Trends, Share, Growth, Opportunity And 2027

Market Overview
The automotive interior leather is used in the upholstery and interior of a vehicle, in order to enhance the feel and appearance of the vehicle. The passenger and driver can actually experience the texture and feel of the leather. It is an essential part of the automotive industry, which is used to enhance the esthetics of the vehicle since it can cover the infotainment center, controllers, and steering. Apart from appearance, automotive leather is used to sustain various types of fatigue such as wear & tear and scratches. The automotive interior leather is different from furniture leather as less fat liquors are used in the production of automotive interior leather, in order to make it more resistant to stretching and bagging. Moreover, automotive interior leather is adequate protection from the sun’s UV rays.
The global Automotive Interior Leather Market was to accounted for US$ 29,441.6 Mn in terms of value and 741.4 Mn sq meter in terms of volume in 2019 and is expected to grow at CAGR of 5.2% for the period 2019-2027
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Market Dynamics
Many automakers have started to rebrand their respective compact and mid-sized car models with introduction of stylish interior features. This, in turn, has increased adoption of automotive interior leather. Consumers prefer affordable interior leather products that do not require excessive maintenance without compromising on looks. Furthermore, various interior features that were available to luxury cars are now being added in mid-size and compact cars, in order to gain an advantage over competitors and strengthen their product portfolio. According to Coherent Market Insights’ analysis, the base version of a premium car such as Chrysler had around 20% leather interiors until about a few years ago, which is expected to increase to over 40% in the near future. Moreover, growing consumer preference for luxury vehicles and rising attention on automotive interior components such as seat-belts, upholstery, seat, trunk & floor carpets, and leather-covered dashboards are compelling OEMs to lay emphasis on quality of leather used vehicle interiors. Thus, these factors are expected to drive the global automotive interior leather market growth over the forecast period.
Detailed Segmentation:
Global Automotive Interior Leather Market, By Material Type:
Genuine Leather
Synthetic Leather
PU Leather
PVC Leather
Global Automotive Interior Leather Market, By Vehicle Type:
Passenger Vehicles
Compact
Sub-compact
Mid-size
Sedan
Luxury
Van
Heavy Commercial Vehicles
Light Commercial Vehicles
Global Automotive Interior Leather Market, By Application:
Upholstery
Dashboard
Seat belts
Air-bags
Floor & trunk carpets
Headliners
Others
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Key players operating in the global automotive interior leather market are Elmo Sweden AB, D.K Leather Corporation, Scottish Leather Group Limited, GST AutoLeather Inc., Eagle Ottawa LLC, Leather Resource of America Inc., Elmo Sweden AB, Bader GmbH & Co. KG., and WOLLSDORF LEDER SCHMIDT & Co. Get.m.b.H.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
               
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