Automotive Interior Material Market Size

Automotive Interior Material Market Growth Projections and Opportunities

The worldwide market for leather used in car interiors is predicted to grow well from 2022 to 2030. In 2021, it was valued at $27,448.62 million and is expected to increase at a rate of 5.10% annually, reaching $41,760.46 million by 2030. In terms of quantity, the market measured 721.64 million square meters in 2021 and is likely to grow at a rate of 4.76% to 1,067.24 million square meters by 2030.

The growth of this market is due to the increasing use of leather in car interiors, thanks to its stretchiness, ability to breathe, and resistance to heat. It's not just cars; leather is used in buses, trucks, agricultural machinery, bikes, and more, covering steering wheel covers, door trims, knob covers, seats, infotainment boxes, gear boots, and other parts. Additionally, the shift towards using materials derived from plants to make automotive interior leather is expected to provide new opportunities for market players. However, the environmental impact of leather made from polyurethane (PU) and polyvinyl chloride (PVC) is a significant concern that could slow down global market growth.

The global market for automotive interior leather has been analyzed by MRFR based on the type of cover, application, distribution channel, and region. When it comes to the type of cover, the market is divided into leather and synthetic materials. Synthetic materials, including PVC-based, PU-based, and bio-based, make up the largest share, accounting for 68.99% in 2021. This segment was valued at $18,937.16 million in 2021, with a projected annual growth rate of 4.83% to reach $28,144.88 million by 2030. The popularity of synthetic leathers is attributed to their wide range of properties.

In simpler terms, the market for the leather used inside cars is expected to grow steadily over the next decade. This growth is driven by the fact that carmakers are using more leather in vehicle interiors because it's stretchy, breathable, and resistant to heat. This isn't just for cars; leather is used in buses, trucks, tractors, bikes, and more, covering various parts like steering wheel covers, door trims, knob covers, seats, infotainment boxes, gear boots, and others. Additionally, there's a trend towards using materials derived from plants to make this type of leather, which creates new opportunities for companies in the market. However, there's a downside because leather made from certain materials can harm the environment. The market has been looked at in terms of the type of cover, and synthetic materials, like those made from PVC, PU, and plants, are the most popular. They make up almost 70% of the market, valued at nearly $19 billion in 2021, and are expected to keep growing to reach around $28 billion by 2030. The popularity of these synthetic leathers is because they have a lot of useful properties.