Global Automotive Interior Market Report and Forecast 2024-2032

Global Automotive Interior Market Outlook

The global automotive interior market size reached around USD 167.79 billion in 2023. The market is assessed to grow at a CAGR of 5.20% between 2024 and 2032, reaching a value of nearly USD 264.20 billion by 2032.

Key Trends in the Market

Automotive interiors comprise all the components inside of a vehicle, which include a dashboard, steering wheel, door panels, and seats, among others. The interior is an important aspect of a vehicle as passengers and drivers are seeking comfortable and stylish indoor spaces.

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• The automotive sector is increasingly focusing on reducing the weight of the vehicle to enhance fuel efficiency and control emissions. The automotive interior market demand is expected to rise significantly as manufacturers increasingly adopt various lightweight materials such as composites and fabrics to meet strict carbon emission norms implemented by regulatory bodies.

• The growth of the market is being propelled by the shifting trend towards the use of bioplastics and vegan interior materials. With the growing environmental consciousness and diminishing fossil fuel reserves, manufacturers are increasingly adopting bio-based plastics such as bio-polyesters and bio-PET. Furthermore, with the introduction of veganism in the automotive sector, manufacturers have started to provide eco-friendly interior leather.

• The global automotive sector is witnessing a significant shift towards electric vehicles. EVs require a different approach to interior design due to the absence of traditional internal combustion engines. As a result, automotive interior manufacturers are redesigning interiors to incorporate lightweight materials and optimise energy efficiency, which is likely to aid the market’s expansion in the forecast period.

Market Analysis

Based on components, the market is segmented into flooring, door panel, interior lighting, automotive seat, and cockpit module, among others. On the basis of vehicles, the market can be bifurcated into passenger car and commercial vehicle.

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The market, based on material, is categorised into plastic, metal, fabric, leather, wood, carbon fibre composite, and glass fibre composite, among others. The major regional markets for automotive interiors are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global automotive interiors market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• Yanfeng International Automotive Technology Co. Ltd.

• Sage Automotive Interiors, Inc.

• Grupo Antolin Irausa, S.A.

• Adient plc

• Faurecia

• Toyota Boshoku Corporation

• Robert Bosch GmbH

• Continental AG

• Toyoda Gosei Co., Ltd.

• DRÄXLMAIER Group

• SMS Auto Fabrics

• Tachi-S Engineering U.S.A., Inc.

• Others

Market Share by Material

Plastic is likely to account for a significant portion of the market, as it is one of the most widely used materials in the automotive interior market. The use of plastic in interior components provides multiple benefits as it is highly durable, cost-effective, and offers the flexibility to manufacturers to design vehicles according to their needs. Moreover, injection moulded components are frequently utilised in automotive interior trim to effectively decrease noise, vibration, and harshness (NVH) levels within the cabin.

Market Share by Region

The Asia Pacific region is expected to aid the overall market growth owing to the presence of a highly developed automotive sector in countries like China, India, and Japan. The region also boasts a huge middle-class population which ensures a high and constant demand for fuel-efficient vehicles.

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Moreover, the rising sales of electric vehicles in the region are expected to further propel the automotive interior market development during the forecast period.

Competitive Landscape

Yanfeng International Automotive Technology Co. Ltd., commonly known as Yanfeng Automotive, is a leading automotive component supplier. It specialises in the development, manufacturing, and supply of interior and exterior automotive components and systems. Since its establishment in 1936, the company has developed a wide category of products such as interior and exterior components, seating, and cockpit electronics, among others.

Sage Automotive Interiors, Inc., is a global supplier of technical textiles for the automotive sector. The company operates under its parent company Asahi Kasei and specialises in the development of high-performance automotive textiles.  Founded in 2009 and headquartered in South Carolina, the United States, Sage Automotive Interiors has rapidly established itself as a leader in the automotive sector.

Grupo Antolin Irausa, S.A. is a Spanish company operating in the field of car interior manufacturing. Since the company’s foundation in the year 1950, it has expanded around the world to become one of the largest global automotive suppliers. The company's product portfolio includes a wide range of interior components such as overhead systems, doors, lighting, seating, and instrument panels.

Other players in the automotive interior market include Adient plc, Faurecia, Toyota Boshoku Corporation, Robert Bosch GmbH, Continental AG, Toyoda Gosei Co., Ltd., DRÄXLMAIER Group, SMS Auto Fabrics, and Tachi-S Engineering U.S.A., Inc., among others.

Key Highlights of the Report