(MENAFN- Ameliorate Digital Consultancy)
According to the research report titled 'Global Automotive Interior Trims Market – Analysis By Material (Leather, Textile, Polymers, Others), Vehicle Type, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026),' available with MarketStudyReport, global automotive interior trims market was worth USD 23.64 billion in 2020 and is slated to grow considerably during 2021-2026.
Rise in disposable income in developing countries, widespread adoption of polymers like carbon fire & plastics in automotive sector, massive advancement in the technology, and uptick in the utilization of electronic devices in vehicles are parameters amplifying the progress of global automotive interior trims market.
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Besides, the rising proliferation of fabric and leather in automotive interior trims, coupled with the automation in manufacturing sector are further likely to accelerate the development of business sphere in the forthcoming years.
Based on material type, the polymer vertical is anticipated to register a robust growth rate during the forecast period, owing to the huge concentration of original equipment manufacturers (OEMs) and original design manufacturers (ODMs) across the industries. Moreover, the projected growth can be attributed to the intensified government regulations regarding vehicle and passenger safety.
Concerning vehicle type, the passenger segment of worldwide automotive interior trims industry is estimated to record substantial valuation by the end of 2026, due to the increasing demand for comfort & luxury in vehicles across the world.
In terms of regional terrain, Asia Pacific market is poised to retain a considerable revenue share during the assessment timeframe, ascribed to the rising urban population, increase in disposable income, surging manufacturing activities, and soaring demand for carmakers to provide comfort by limiting variability & eliminating errors.
The prominent players in global automotive interior trims industry space include Visteon Corporation, Novem Group S.A., Toyota Boshoku Asia Co. Ltd., Yanfeng Automotive Interior Systems Co. Ltd., Minth Group Ltd., Magna International Inc., Dura Automotive Systems LLC, Faurecia SE, Adient plc, and Yamaha Corporation among others.
Questions and answers: Global automotive interior trims market
Q1: What parameters are amplifying the progress of global automotive interior trims market?
Answer: Rise in disposable income in developing countries, widespread adoption of polymers like carbon fire & plastics in automotive sector, massive advancement in the technology, and uptick in the utilization of electronic devices in vehicles are parameters amplifying the progress of market.
Q2: How is Asia Pacific region supporting global automotive interior trims industry expansion?
Answer: Rising urban population, increase in disposable income, surging manufacturing activities, and soaring demand for carmakers to provide comfort by limiting variability & eliminating errors are impelling the demand for automotive interior trims in Asia Pacific, thus supporting the overall industry expansion.
Q3: Which are the prominent players in global automotive interior trims market?
Answer: The prominent players in global automotive interior trims marketplace include Visteon Corporation, Novem Group S.A., Toyota Boshoku Asia Co. Ltd., Yanfeng Automotive Interior Systems Co. Ltd., Minth Group Ltd., Magna International Inc, Dura Automotive Systems LLC, Faurecia SE, Adient plc, and Yamaha Corporation among others.
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