Automotive Interior Leather Market to Grow by USD 10.96 bn from 2021 to 2026: By Vehicle type (passenger cars, LCV, and HCV) and Geography (Europe, APAC, North America, South America, and MEA) | Forecast to 2026

NEW YORK, Jan. 4, 2022 -- The Automotive Interior Leather Market value is set to grow by USD 10.96 billion, decelerating at a CAGR of 6.81% from 2021 to 2026, as per the latest report by Technavio.

To know the exact growth variance and the Y-O-Y growth rate Request a free sample report.

The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Adient Plc, Alfatex Italia Srl, Ctl Leather Inc., Faurecia SE, Gruppo Mastrotto Spa, Katzkin Interiors Inc., Lear Corp., Sage Automotive Interiors Inc., Toyota Boshoku Corp., and Wollsdorf Leder Schmidt and Co Ges.M.B.H. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Car loans are an integral component of the automotive industry and form the biggest driving factor for car sales. This subsequently leads to an increase in automotive glove box sales. Auto financing options account for a significant percentage of all new car sales. New car sales have a direct relationship with car financing options. With the improving credit environment, finance companies have more access to funds that could be made available to consumers. This has raised the competition among car financing and leasing companies, pushing them to introduce various incentive measures such as zero percent interest financing and flexible payment options. OEMs such as Fiat and Renault have been offering discounts on new car sales for the past ten years. This strategy worked well for the automakers. The automotive industry found car loans as the biggest driving factor for the expansion of the compact car segments globally. With the increase in passenger car sales, the automotive interior leather market is expected to witness steady growth during the forecast period.

Download Free sample Report for insights on the drivers, trends, and challenges that will help companies evaluate and develop growth strategies for 2022-2026.

Automotive Interior Leather Market 2022-2026: Segmentation

• Type
• Passenger Cars
• LCV
• HCV
• Geography
• Europe
• APAC
• North America
• South America
• MEA

Learn more about the positive and negative consequences on businesses. Download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR71762

Automotive Interior Leather Market 2022-2026: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our Automotive Interior Leather Market report covers the following areas:

• Automotive Interior Leather Market size
• Automotive Interior Leather Market trends
• Automotive Interior Leather Market analysis

Suppliers in the automotive materials market are under high pressure to maintain costs and deliver high-quality materials to meet the stringent quality control and tests defined by the OEMs and tire-1 suppliers. They must restrict the production cost to satisfy the demand side requirements and deliver high-quality products as they are liable for failure. Interior leather manufacturers that cater to automotive needs have started exploring various ways to restrict production costs while maintaining quality standards. One such option was to outsource manufacturing to low-cost countries such as China, South Korea, India, and Taiwan. However, as the cost of labor is gradually increasing in these countries, manufacturers will face challenges in maintaining low production costs during the forecast period.

Automotive Interior Leather Market 2022-2026: Vendor Analysis

We provide a detailed analysis of vendors operating in the Automotive Interior Leather Market. Backed with competitive intelligence and benchmarking, our research reports on the Automotive Interior Leather Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Subscribe to our "Lite Plan" billed annually at USD 3000 that enables to download 3 reports/year and view 3 reports/month.

Automotive Interior Leather Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist automotive interior leather market growth during the next five years
• Estimation of the automotive interior leather market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive interior leather market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive interior leather market vendors

Related Reports:

In-vehicle Payment Services Market by Type and Geography - Forecast and Analysis 2021-2025: The in-vehicle payment services market has the potential to grow by USD 2.31 billion during 2021-2025, at a CAGR of 89.94%. To get extensive research insights: Download FREE sample report

Global Automotive lighting Market by Application and Geography - Forecast and Analysis 2021-2025: The automotive lighting market size is expected to grow by $ 12.98 bn and record a CAGR of 8.80% during 2021-2025. To get extensive research insights: Download FREE sample report

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2021
• Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Vehicle type

• Market segments
• Comparison by Vehicle type
• Passenger cars - Market size and forecast 2021-2026
• LCV - Market size and forecast 2021-2026
• HCV - Market size and forecast 2021-2026
• Market opportunity by Vehicle type

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• Europe - Market size and forecast 2021-2026
• APAC - Market size and forecast 2021-2026
• North America - Market size and forecast 2021-2026
• South America - Market size and forecast 2021-2026
• MEA - Market size and forecast 2021-2026
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Adient Plc
• Alfatex Italia Srl
• Ctl Leather Inc.
• Faurecia SE
• Gruppo Mastrotto Spa
• Katzkin Interiors Inc.
• Lear Corp.
• Sage Automotive Interiors Inc.
• Toyota Boshoku Corp.
• Wollsdorf Leder Schmidt and Co Ges.M.B.H.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio