World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

Automotive Interior Leather Market Is Expected To Witness Moderate Growth Registering 4.1% CAGR During 2021-2031

Globalization of the automobile industry and rising demand for automotive interior customization are expected to remain chief driving factors of the global automotive interior leather market. According to Future Market Insights (FMI), the global automotive interior leather market is estimated to be valued at ~US$ 29.9 Bn in 2021.

The COVID-19 pandemic crisis has severely affected the global economic growth, resulting in disruptions in the supply chain networks. Subsequently it has affected the market leading to sluggish growth in 2020. However, the market is expected to recover as economic activities resumes post the containment of pandemic.

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1561

According to FMI, sales within the passenger cars segment will recover after taking a massive hit amid COVID-19 in 2020. Despite this, temporary period of lull passengers will account for a little below 70% of leather sold for automotive interior in 2021.

The research examines prevailing demand and supply trends within the automotive interior leather. It presents a comprehensive overview based on in-depth research. Some of the key findings of the report are discussed below:

Key Takeaways of Global Automotive Interior Leather Market Study

  • Automotive interior leather market is expected to expand at a CAGR of ~4.1% during the forecast period of 2021-2031
  • The U.S. will account for over 84% of automotive interior leather sold in North America
  • The U.K. is expected to register above 4% Y-o-Y growth in 2021 after witnessing significant drop in sales in 2020
  • Germany and France will exhibit positive growth after registering negative sales amid COVID-19
  • Within East Asia, China will remain the dominant market, trailed by Japan and South Korea

 “Manufacturers are focusing on product innovation and besides offering improved sustainability. In the coming years they are likely to gain from the rising demand for passenger cars. Also, consumers’ preference for the sustainable products and better comfort are the key factors enabling growth in the market. Overall the expansion of the automotive industry will continue creating lucrative opportunities for the market,” said an FMI analyst.

We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-1561

Some of the key players in the market are Lear Corporation, Seiren Co., Ltd, GST AutoLeather Inc, BOXMARK Leather GmbH & Co KG, Bader GmbH & Co. KG, Katzkin Leather,Inc.  , Leather Resource of America, WOLLSDORF LEDER SCHMIDT & Co. Ges.m.b.H. , DK Leather Corporation, Scottish Leather Group Limited. These players have comparatively higher market presence in the global market, and have longstanding relationships with a number of leading end users, giving them an upper hand among their peers.

Global Automotive Interior Leather Market by Category

Material Type

  • Genuine Leather
  • Synthetic Leather
    • PU Leather
    • PVC

Vehicle Type

  • Passenger Cars
    • Compact
    • Mid-Sized
    • Sedan
    • Luxury
    • Van
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Application

  • Upholstery
  • Dashboard
  • Seat belts
  • Air-bags
  • Floor & trunk carpets
  • Headliners
  • Others

Sales Channel

  • OEM
  • Aftermarket

Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-1561 

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Have a Look at Related Research Reports:

Automotive Engineering Services Market is likely to cross US$ 348 Bn by the end of 2032 - Comprehensive Research Report by FMI

Compact Road Sweepers Market is likely to be valued at US$ 6.9 Billion in 2032 - Comprehensive Research Report by FMI

Automotive Engineering Services Market is likely to cross US$ 348 Bn by the end of 2032 - Comprehensive Research Report by FMI

Compact Road Sweepers Market is likely to be valued at US$ 6.9 Billion in 2032 - Comprehensive Research Report by FMI

Front forks Market  to reach a valuation of US$ 68.33 Billion by 2032 - Comprehensive Research Report by FMI

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com 
Website: https://www.futuremarketinsights.com  
Report: https://www.futuremarketinsights.com/reports/automotive-interior-leather-market
LinkedInTwitterBlogs

© Scoop Media

 
 
 
World Headlines

 

Abu Akleh Shooting: Fatal Shot Came From Israeli Forces, Says OHCHR
Israeli forces were behind the fatal shooting of Al Jazeera journalist Shireen Abu Akleh in the West Bank - not indiscriminate Palestinian firing - the UN human rights office, OHCHR, alleged on Friday... More>>


Ethiopia: Conflict, Drought, Dwindling Food Support, Threatens Lives Of 20 Million

Hunger is tightening its grip on more than 20 million Ethiopians who are facing conflict in the north, drought in the south and dwindling food and nutrition support beginning next month, the UN food relief agency warned on Thursday... More>>


Euro Med Monitor: Syria Cross-border Aid Mechanism Extension Is Necessary For The Survival Of Millions

Permanent members of the UN Security Council should extend the cross-border aid to northwestern Syria, Euro-Med Human Rights Monitor said Tuesday in a statement...
More>>



UN Ocean Conference: Opens With Call For Urgent Action To Tackle Ocean Emergency
With climate change, biodiversity loss and pollution exacting a devastating toll on the world’s ocean — critical to food security, economic growth and the environment... More>>

World Vision: Deeply Concerned For Thousands Affected By Afghanistan Quake
World Vision is deeply concerned about the deteriorating humanitarian situation in Afghanistan in the wake of a powerful earthquake in the early hours of this morning... More>>



Malaysia: UN Experts Welcome Announcement To Abolish Mandatory Death Penalty

UN human rights experts* today commended an announcement made by the Malaysian government that it will abolish the country’s mandatory death penalty and encouraged Parliament to take concrete steps to pass the agreement into law... More>>