Preference Towards Artificial Leather to Spur Automotive Interior Leather Custom Industry

[sagar]

The global Automotive Interior Leather Custom Industry is anticipated to surpass a valuation of USD 32,000 million, attaining a CAGR of 5.1% during the forecast period (2017-2023), Market Research Future (MRFR) claims in its latest report.

Automotive interior leather enhances the ambiance of a vehicle and offers maximum comfort for a better driving experience. Leather used for automotive interior assists in reducing fatigue and engine vibrations inside the vehicle, besides improving its aesthetic appeal. Increasing preference of consumers for retrofitting of vehicles with leather upholstery is highly supporting the growth of the market. The current boom in the automotive manufacturing industry, coupled with the soaring demand for artificial leather, is poised to accelerate the market growth in the foreseeable future.

Consumer inclination towards artificial leather has augmented the market growth over the forecast period. The latest trend of bio-based leather is likely to unfold immense growth opportunities for the market. Buyer inclination towards fake cowhide in the car business is likely to fuel the market growth over the conjecture time frame. Several improvements made in bio-based cowhide will unfurl immense development and open doors for the market.

Segmental Analysis

The Automotive Interior Leather Custom Industry is segmented on the basis of material, vehicle type, and application.

By material, the Automotive Interior Leather Custom Industry is segmented into genuine leather, synthetic leather, and others. Of these, genuine leather is extensively used in automotive interiors. It is considered a by-product of the meat industry and has a high proliferation, especially in premium vehicles. For instance, Land Rover, Rolls-Royce Motor Cars, and Bayerische Motoren Werke AG (BMW) are the major end users of genuine leather.

By vehicle type, the Automotive Interior Leather Custom Industry is segmented into commercial vehicle and passenger vehicle. Of these, interior leather finds application in passenger vehicles. The growth can be credited to the surging economy, high standard of living, and increasing income of the consumers. The need for safe and comfortable commute will encourage the market’s growth in the passenger vehicle segment.

The Automotive Interior Leather Custom Industry, by application, is segmented into seats, upholstery, cockpit, dashboard, and others. Of these, the upholstery segment will dominate the market across the globe. Automotive upholstery comprises utilization of skill set and skilled knowledge regarding the use of machinery and specialized materials. Recovering of seats and reupholstering and trims of a vehicle’s interior are the major applications of upholstery.

Regional Frontiers

Geographically, the Automotive Interior Leather Custom Industry spans across Europe, Asia Pacific, North America, and the Rest of the World (RoW).

Considering the global scenario, Asia Pacific will remain the largest region owing to the constantly booming automotive sector in the region. The existence of manufacturers in developing countries like India and China is further contributing to the regional market’s growth. With improving standard of living, the necessity to own a car has increased, which has further encouraged the market growth in the region. The ever-increasing population and rapid economic growth are some of the other major factors encouraging the market growth in the region.

China is considered the largest market for synthetic leather in the APAC. The automotive industry is witnessing a boom in the country. Factors encouraging the growth of automotive interior leather in the country are the high availability of resources, increasing penetration of luxury cars, and easy accessibility to the latest technologies.

Competitive Dashboard

The players dominating the global Automotive Interior Leather Custom Industry include Toyota Boshoku Corporation (Japan), Johnson Controls Inc (U.S.), Toyoda Gosei Co., Ltd. (Japan), Lear Corporation (U.S.), Gst Autoleather, Inc. (U.S.), Faurecia S.A. (France), BASF SE (Germany), DK Leather Corporation Berhad (Malaysia), Grammer AG (Germany), and Alea Leather Specialist Inc / Sunguard Group (U.S.).

 

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