Global Automotive Genuine Leather Market to Reach $14.2 Billion by 2030
The global market for Automotive Genuine Leather estimated at US$10.3 Billion in the year 2023, is expected to reach US$14.2 Billion by 2030, growing at a CAGR of 4.8% over the period 2023-2030. Passenger Cars End-Use, one of the segments analyzed in the report, is expected to record 4.9% CAGR and reach US$10.1 Billion by the end of the analysis period. Growth in the Commercial Vehicles End-Use segment is estimated at 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.7 Billion, While China is Forecast to Grow at 7.1% CAGR
The Automotive Genuine Leather market in the U.S. is estimated at US$2.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 3.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.
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