The Motor Vehicle Seating and Interior Trim Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Motor Vehicle Seating and Interior Trim Global Market Report 2024, The motor vehicle seating and interior trim market size has grown strongly in recent years. It will grow from $210.93 billion in 2023 to $230.53 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to rise of the automobile industry, mass production and standardization, consumer demand for comfort, safety regulations, .
The motor vehicle seating and interior trim market size is expected to see strong growth in the next few years. It will grow to $327.6 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to electric and autonomous vehicles, connectivity and infotainment, sustainability and eco-friendliness, user experience and comfort, personalization and customization. Major trends in the forecast period include lightweight materials, smart and adaptive interiors, sustainable materials, advanced infotainment and connectivity, advanced seating designs.
The motor vehicle seat and the interior trim market are driven by the increasing popularity of sport utility vehicle (SUV) cars. SUV cars are preferred owing to their comfortable seating and exquisite interior trim. The demand for SUVs and other luxurious cars increases the demand for improved and more aesthetically appealing vehicle seating and interior trim. From April 2020 to March 2021, for the first time, utility vehicle sales in India crossed a million, or 10 lakh units. According to a November 2021, Hyundai delivered more than 12,284 units of its brand-unique SUV, Creta, up by 78% from the 6,900 sales figure of 2020. The increase in demand for SUVs around the world positively impacts the growth of the vehicle seating and interior trim market.
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The motor vehicle seating and interior trim market covered in this report is segmented –
1) By Type: Motor Vehicle Seating; Motor Vehicle Interior Trim
2) By Trim Material: Genuine Leather; Synthetic Leather; Fabrics; Polyurethane Foam
3) By Vehicle: Passenger Vehicle; Commercial Vehicle
The motor vehicle seating and interior trim market report table of contents includes:
1. Executive Summary
2. Motor Vehicle Seating and Interior Trim Market Characteristics
3. Motor Vehicle Seating and Interior Trim Market Trends And Strategies
4. Motor Vehicle Seating and Interior Trim Market – Macro Economic Scenario
5. Global Motor Vehicle Seating and Interior Trim Market Size and Growth
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26. South America Motor Vehicle Seating and Interior Trim Market
27. Brazil Motor Vehicle Seating and Interior Trim Market
28. Middle East Motor Vehicle Seating and Interior Trim Market
29. Africa Motor Vehicle Seating and Interior Trim Market
30. Motor Vehicle Seating and Interior Trim Market Competitive Landscape And Company Profiles
Top Major Players:
- ContiTech AG
- Magna International Inc
- Hyundai Mobis Co. Ltd
- Faurecia S.A
- Tata Group
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