Automotive Interior Material Market Analysis

In-depth Analysis of Automotive Interior Material Market Industry Landscape

The use of leather in car interiors is on the rise due to its durability and luxurious feel. Leather is commonly found in various parts of a car's interior, including seats, gearboxes, consoles, infotainment systems, instrument panels, and interior decor. Its high elasticity makes leather seats comfortable and resistant to alcohol, water, stains, extreme heat, and cold. This durability not only enhances the driving experience but also reduces maintenance costs.

In the automotive industry, PVC vinyl fabric is often used for seat upholstery, but leather remains a preferred choice for many. Most passenger cars now incorporate leather due to customer demand for a premium look and feel. This growing demand extends to the aftermarket sector, driven by the desire for customization and enhanced seat quality. As a result, the automotive industry is experiencing significant expansion.

The growth of the automotive industry is particularly notable in recent years, especially with the increasing popularity of electric vehicles (e-vehicles). The Asia-Pacific region has witnessed substantial growth in the automotive market, and this trend is expected to continue over the next decade. The reduction of harmful emissions, improved safety and comfort, and economic benefits are driving factors in this growth. Fuel-efficient vehicles, a prevalent trend in the Asia-Pacific automotive market, contribute to the increasing demand for automotive interior leathers.

The durability and wear resistance of automotive interior leathers make them widely used in heavy vehicles, carriers, passenger vehicles, and other locomotives. The rise of autonomous and electric vehicles is anticipated to further boost the automotive interior leather market. A significant percentage of consumers in China and Japan express a preference for hybrid-electric or battery-electric vehicles. However, the demand for petrol and diesel-based vehicles is expected to persist.

In the United States, the sale of commercial vehicles is another significant factor influencing the consumption of automotive interior leather. In 2020, over 12 million commercial vehicles were sold, and the trucking industry is expected to continue growing in the coming years. The surge in e-commerce has further fueled the manufacturing sector, where commercial vehicles play a vital role in delivering goods.

The growing popularity of electric vehicles contributes to the increasing demand for automotive interior leather. The global sales volumes of electric vehicles are becoming substantial, creating profit opportunities for leather suppliers and other players in the automotive industry. As the production of electric vehicles continues to rise alongside traditional gasoline-based cars, the demand for automotive interior leather is expected to grow steadily in the foreseeable future.