Automotive Interior Leather Market: Current Analysis and Forecast (2022-2028)

Automotive Interior Leather Market: Current Analysis and Forecast (2022-2028)

The global automotive interior leather market is likely to showcase a growth of around 5% during the forecast period. Globally, automobile manufacturers are increasingly focusing on providing a luxury experience to the owner of the vehicles. High-end vehicle interior is one the key areas where companies are focusing on improving the consumer experience. In providing the experience, leather plays a key role as it gives a luxurious feel while simultaneously, they are designed to meet stringent performance, environmental requirements, and customer demands. Therefore, as the global automobile industry started showing recovery post-2020, it is expected that it would have a positive impact on the global automotive interior leather market. In the interior part of the vehicle, leather is used in seats & center stacks, carpets, headliners, upholstery, seat belt, and door panel among others. Further, as consumers are increasingly opting for four-wheelers over two-wheelers due to safety reasons and changing lifestyles, the sales of automobiles are expected to grow over the forecast period, thereby likely to grow the market size for the leather used in the automobile industry.

Based on material, the market is categorized into genuine and synthetic leather. Of both, genuine leather covers a prominent position in the market and is expected to maintain a strong uphold in the market during the forecast period as well. This can be ascribed to its usage in luxury vehicles and the genuine leather demand from customers. Further, high costs helped the category to maintain a good position in the market in terms of value.

Based on vehicles, the market is categorized into passenger vehicles and commercial vehicles. Of both, passenger vehicles held a significant position in the market owing to the large number of passenger cars produced compared to commercial vehicles. Moreover, leather is more commonly used in passenger vehicles than in commercial vehicles. Further increasing adoption of cars over two-wheelers in developing nations is further boosting the market for automotive interior leather in the passenger vehicles category.

Based on application, the market is categorized into seats & center stack, carpets, headliners, upholstery, seatbelt, door panels, and others. Among these, seats & center stack accounted for a prominent share of the market owing to the large volume of leather consumption in the seats & center stack. Further, owing to the benefits such as durability, softer feel, lower interior noise levels, and lesser vibrations, it is used in seats & center stack.

For a better understanding of the market adoption of automotive interior leather, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. The Asia-Pacific region held a strong position in the market owing to the large automobile industry of the region. Regional countries like China, India, Japan, and South Korea are among the largest vehicle producers. Further, international vehicle manufacturing companies are opening their manufacturing facilities in the region to take advantage of low operation costs and cater to their customers both regionally and outside.

The key players with a considerable market share in the global automotive interior leather market include Pangea Made Inc., Lear Corporation, CTL Leather Inc., DK Leather Seats Sdn Bhd, Scottish Leather Group Limited, Wollsdorf International GmbH, Classic Soft Trim, Katzkin Leather Inc., Mayur Uniquoters Limited, and Seiren Co. Ltd.