Global Automotive Interior Materials Market to Reach $53.4 Billion by 2026

(MENAFN- PR Newswire) SAN FRANCISCO, Oct. 12, 2021 /PRNewswire/ -- A new market study published by Global industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Automotive Interior Materials - Global Market Trajectory & Analytics" . The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE Edition: 5; Released: April 2021 Executive Pool: 1952 Companies: 41 - Players covered include Adient PLC; AGM Automotive; Benecke-Kaliko AG; BOXMARK Leather GmbH & Co KG; Calsonic Kansei Corporation; Classic Soft Trim, Inc.; Eissmann Automotive Deutschland GmbH; Elmo Sweden AB; Faurecia SA; Fritz Draxlmaier GmbH & Co. KG (Draxlmaier Group); Grammer AG; Groclin SA; Grupo Antolin-Irausa SA; Katzkin Leather, Inc.; Lear Corporation; Magna International Inc.; Nbhx Trim GmbH; Sage Automotive Interiors, Inc.; Seiren Co., Ltd.; SMS Auto Fabrics; Toyoda Gosei Co., Ltd.; Toyota Boshoku Corporation; Wollsdorf Leder Schmidt & Co. Ges.M.B.H.; Yanfeng Automotive Interior Systems and Others. Coverage: All major geographies and key segments Segments: Type (Polymers, Synthetic Leather, Genuine Leather, Fabric, Other Types); Vehicle Type (Passenger Cars, Commercial Vehicles) Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Automotive Interior Materials Market to Reach $53.4 Billion by 2026 Amid the COVID-19 crisis, the global market for Automotive Interior Materials estimated at US$46.8 Billion in the year 2020, is projected to reach a revised size of US$53.4 Billion by 2026, growing at a CAGR of 2.2% over the analysis period. Polymers, one of the segments analyzed in the report, is projected to record a 2.6% CAGR and reach US$20 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Synthetic Leather segment is readjusted to a revised 1.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $12.9 Billion in 2021, While China is Forecast to Reach $10.3 Billion by 2026 The Automotive Interior Materials market in the U.S. is estimated at US$12.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.3 Billion by the year 2026 trailing a CAGR of 4.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.4% and 1.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.9% CAGR.

Genuine Leather Segment to Reach US$9.5 Billion by the year 2026 In the global Genuine Leather segment, USA, Canada, Japan, China and Europe will drive the 1.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.3 Billion in the year 2020 will reach a projected size of US$7.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™ Global Industry Analysts, Inc., ( ) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS: Zak AliDirector, Corporate CommunicationsGlobal Industry Analysts, Inc.Phone: 1-408-528-9966 Email: [email protected]

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