Transparency Market Research in its new report titled, “Automotive Decorative Interior Trim Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the automotive decorative interior trim market. The TMR report anticipates that the increasing demand for luxury and comfort will drive the automotive decorative interior trim market during the forecast period i.e, 2018-2026. Rise in consumer interest in esthetics and an increase in the number young costumers are estimated to drive the demand for decorative interior trims. Regulation for the driver’s cabin entails the installation of certain mountings, such as dashboard and seating, in order to improve the ergonomics of the driver’s cabin. This, in turn, is boosting the decorative interior trim market, says the report.
The TMR report has segregated the global automotive decorative interior trim market based on application, material, vehicle, sales channel, and region. On the basis of application, the automotive decorative interior trim market is classified into instrument panels, door trims, roof handles, armrest, seat belt guides, central consoles, pillar trims, seat backs, luggage trims, and others. In terms of material type, the automotive decorative interior trim market is divided into leather, fabric, wood, metal, and plastics. Leather is employed in premium and luxury cars in order to provide an elegant look to the vehicle interiors. Fabrics are used in seats and acoustics and are widely utilized due to their cost-effectiveness. Wood is generally used in dashboards and central consoles of luxury cars. Metal is also used for interior trims in several vehicles to provide a sleek appearance to the interior. Plastic has high mold ability and is highly cost-effective. Increasing consumer confidence in plastics and latest innovations in plastic technology have led to its wide usage in interior decorative trims. The plastic segment is anticipated to witness significant expansion in the near future.
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In accordance with vehicle type, the automotive interior decorative market is split into passenger vehicle and commercial vehicle. The passenger vehicle segment is expected to hold a majority share of the market due to the high demand for luxury and esthetics in the market. The passenger vehicle segment is further sub-segmented into hatchbacks, sedans, and multi-utility vehicles. The commercial vehicle segment can be further split into light commercial vehicles, heavy commercial vehicles, and buses & coaches. According to a regional perspective, the global automotive decorative interior trim market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Low cost of manufacturing and high domestic demand have boosted the production of vehicles in Asia Pacific. Therefore, Asia Pacific is estimated to lead the global market, followed by Europe. Some of the major players operating in the global automotive decorative interior trim market are profiled in this report to give a better competitive analysis and these include ITG Company, Grupo Antolin, Borgers Faurecia Interior System, Eagle Ottawa, Calsonic Kansie Corp., Visteon, Sage Automotive Interior Trim, and Lear Corporation.
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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