The North America automotive interior leather market size is expected to register a CAGR of over 3% during the forecast period ranging from 2022 to 2032, as per a recent Future Market Insights report. As the world’s leading automobile producer, the United States leads the sector. North America has perhaps the biggest and most productive economy of any region in the world. Canada is the largest exporter of automobiles in North America, as well as the U.S. is one of the largest producers of passenger cars.
Key Takeaways
- Automotive interior leather for passenger cars to experience noteworthy expansion until 2032
- Investing in the production of sustainable leather can lead to significant growth in the market
- Leather interiors for automobiles are expected to grow in popularity as the market for luxury living standards increases.
- Increased technological innovation and the expansion of automotive production plants are supporting the growth of the interior leather market.
- As consumers are increasingly becoming accustomed to purchasing cruelty-free leather products in the market, the market for automotive interior leather is also expected to grow in the future.
In all of North America, the United States is expected to provide vehicle interior leather manufacturers with steady development potential. The US market for light commercial vehicles is anticipated to expand. Commercial vehicles dominate the industry, accounting for over two thirds of demand in the US.
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The market for automotive interior leather will expand as the use of autonomous vehicles rises. Improved comfort, more R&D spending, and growing demand for autonomous and electric vehicles in the area are some of the drivers driving the industry.
To demonstrate their value and craftsmanship, high-end brand cars typically have leather dashboards, armrests, and other interior features. In addition to being strong and comfortable, the material is also bad for the environment. Interior leathers are expected to be in high demand on the market in the next years due to rising consumer purchasing power and the ongoing growth of the vehicle production industry.
Trading Economics estimates that overall car sales in the US increased to 13.50 million in September 2022 from 13.20 million in August 2022. Despite the fact that the pandemic significantly hindered car sales in the United States, the desire for aftermarket goods made sure that interior leather continued to sell. Participants in the inside leather market will have additional opportunities to grow their businesses as green technology is incorporated into the vehicle sector.
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The automotive industry has begun offering increasingly sustainable alternatives to leather that do not contain animal products. Due to increased customer awareness regarding animal welfare, global warming, and reducing carbon footprints, automotive manufacturers have been forced to offer alternatives to leather in response to changing consumer preferences.
Competitive Landscape
Leather interiors for automobiles are highly fragmented worldwide. Several players are focusing on specialized regions or vehicle types to carve out niches in those markets. Collaborations are the key to success for companies in the market. In addition, sustainable materials are being introduced to keep up with changing consumer tastes. It is expected that leading players will continue to pursue expansion strategies.
Some of the leading companies operating in the market are:
- Lear Corporation
- Seiren Co., Ltd
- GST AutoLeather Inc
- BOXMARK Leather GmbH & Co KG
- Bader GmbH & Co. KG
- Katzkin Leather,Inc.
- Leather Resource of America
- WOLLSDORF LEDER SCHMIDT & Co. Ges.m.b.H.
- DK Leather Corporation
- Scottish Leather Group Limited
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Recent Developments
- ECD Automotive Design, an Orlando-based restoration company that restores Defenders and Range Rover Classics, recently received three vintage Jaguar E-Types. The interior can be customized to create something truly exceptional and unforgettably stylish, including leather, carpet, dash upgrades, stitching, and more. A photorealistic 3D model is then created to teasing the upcoming build once the design has been finalized.
Global Automotive Interior Leather Market by Category
Material Type
- Genuine Leather
- Synthetic Leather
- PU Leather
- PVC
Vehicle Type
- Passenger Cars
- Compact
- Mid-Sized
- Sedan
- Luxury
- Van
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Application
- Upholstery
- Dashboard
- Seat belts
- Air-bags
- Floor & trunk carpets
- Headliners
- Others
Sales Channel
- OEM
- Aftermarket
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