PUBLISHER: Grand View Research | PRODUCT CODE: 1376172
PUBLISHER: Grand View Research | PRODUCT CODE: 1376172
The global automotive interior leather market size is anticipated to reach USD 54.22 billion by 2030, according to a new study by Grand View Research, Inc.. The market is projected to grow at a CAGR of 6.43% from 2023 to 2030. The primary reason driving the growth of the market is the increasing need for lightweight designs and high efficiency, which also offer comfort for the driver and passengers. Moreover, the rising demand from the automotive industry and the need for improved aesthetics in car interior components is expected to drive the market growth over the forecast period.
To improve the feel and appearance of a car, automotive interior leather is utilized in the upholstery and interior. The leather's feel and texture can be felt by both the passenger and the driver. It is an important component of the automobile business since it can cover the entertainment system, controllers, and steering, which is utilized to improve the aesthetics of the car. Due to its extraordinary durability and upscale appearance, leather is frequently utilized in automobile interiors.
Leather is utilized in a range of interior automotive components, including the transmission, consoles, seats, entertainment systems, instrument panels, and interior design. Due to the high degree of leather flexibility, leather is exceptionally comfortable and resistant to alcohol, extreme heat, water, stains, and cold, which also lengthens its durability and reduces maintenance expenses. In addition, the expansion of the automotive leather upholstery market is being aided by the increase in passenger car sales globally.
Furthermore, the demand for hybrid electrical vehicles (HEVs) driven by a combination of IC engines and electric motors is rising as more stringent environmental rules and pollution control criteria are put into place. The global market is anticipated to increase rapidly in the coming years due to the high demand for cutting-edge weather solutions like thermal cool leather, anti-soiling leather, and antimicrobial & antibacterial leather.