Automotive Interior Leather - Worldwide Market Size, Share & Trends Analysis by Vehicle, Material, Application and Region (2018-2025) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 6, 2018--The “Automotive Interior Leather Market Size, Share & Trends Analysis Report By Vehicle (Passenger Cars, LCVs, Trucks & Buses), By Material (Genuine, Synthetic), By Application, By Region, And Segment Forecasts, 2018 - 2025” report has been added to ResearchAndMarkets.com’s offering.The global automotive interior leather market size is projected to reach USD 46.84 billion by 2025., progressing at a CAGR of 6.5% during the forecast period.Boom in automotive manufacturing industry, particularly in emerging economies of Asia Pacific, coupled with rise in demand for artificial leather is poised to propel the market over the forecast period.
Considerable shift in consumer preference towards artificial leather for applications in the automotive industry is likely to drive the market over the forecast period. Development of bio-based leather is further anticipated to unfold ample growth opportunities for the market.
Upholstery dominated the global automotive interior leather market in 2017 and is expected to maintain its position over the forecast period.
Leather is among the most preferred materials for manufacturing automotive carpet. Several unique properties imparted by it such as softness and ability to repel stain are estimated to augment the demand for automotive interior leather in carpet application.
Key FindingsChina is the largest producer as well as largest consumer in the global market in 2017. It is projected to rise at a CAGR of 6.8% over the forecast period. China is also among the largest luxury markets, globally. Consumers in the country prefer genuine leather to synthetic leather in automotive interior.India is among the fastest growing economies in Asia Pacific. Favorable government policies, availability of cheap labor, and rising disposable income are attracting investments in the automotive manufacturing industry.Genuine leather held considerable revenue share on account of its massive demand in manufacturing upholstery for high-end luxury vehicles. Its ability to impart premium finish to vehicle leads to improved aesthetics.Key players include Eagle Ottawa, LLC, Alphaline Auto, DK Leather Corporation Berhad, and Wollsdorf Leder Schmidt & Co Ges.m.b.H.In January 2014, GST Autoleather Inc. and Tata International Limited signed an agreement to enter into a joint venture company named JV Automotive Leather Company, which has its registered headquarters at Mumbai. The company has its operations office situated at Dewas, India to cater to surging demand for the product across domestic as well as international original equipment market.
Chapter 1 Methodology And Scope
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends & Scope
Chapter 4 Automotive Interior Leather Market: Vehicle Estimates & Analysis
Chapter 5 Automotive Interior Leather Market: Material Estimates & Analysis
Chapter 6 Automotive Interior Leather Market: Application Estimates & Analysis
Chapter 7 Automotive Interior Leather Market: Region Estimates & Analysis
Chapter 8 Company ProfilesGST Autoleather, Inc.Eagle Ottawa, LLCCtl Leather Inc.Alphaline AutoDk Leather Corporation BerhadScottish Leather Group LimitedWollsdorf Leder Schmidt & Co Ges.M.B.H.Classic Soft TrimKatzkin Leather Inc.Mayur Uniquoters LimitedKuraray Co. Ltd.Alfatex Italia Srl
For more information about this report visit https://www.researchandmarkets.com/research/26tvt5/automotive?w=4
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Related Topics:Automotive Interior Components,Animal Textiles
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SOURCE: Research and Markets
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PUB: 12/06/2018 06:36 AM/DISC: 12/06/2018 06:36 AM