The Asia-Pacific Automotive Interior Materials Market is accounted to reach USD 67,609.46 million by 2024 from USD 25,099.05 million in 2016; it is growing at a CAGR of 13.3% in the forecast period 2017 to 2024.
The major factors driving the growth of this market are technological advancement in automotive interior materials. The automotive interior materials market in the Asia-Pacific region is leading in China..
The key market players for Asia-Pacific Automotive Interior Materials Market are listed below:
• Toyota Boshoku Corporation
• Toyoda Gosei Co., Ltd.,
• Adient and Lear Corporation.
The market is further segmented into:
• End User
The Asia-Pacific automotive interior materials market is segmented on the basis of type, vehicle type, application and geography. The report provides data for 2015 to 2024, 2016 being the current year while 2017 to 2024 is the forecast period for the report.
On the basis of type, the Asia-Pacific automotive interior materials market is segmented into leather, thermoplastic polymers, fabric, plastic, metal, composite and others. The automotive interior materials are dominated by leather with 30.4% market share in 2017, growing at the highest CAGR of 14.8% in the forecast period. Leather is further segmented into two types which includes synthetic and genuine.
On the basis of vehicle type, the Asia-Pacific automotive interior materials market is segmented into passenger vehicles light commercial vehicles, heavy commercial vehicles and others. In 2017, the passenger vehicles segment is expected to dominate the market with 73.9% market share.
By application, the Asia-Pacific automotive interior materials market is segmented into seating, dashboards, airbag & seat belt, door panel, carpet & headliner, interior trim and others. . In 2017, the seating is expected to dominate the market with 29.6% market share and is expected to grow at the highest CAGR of 14.5% in the forecast period
Based on geography, the Asia-Pacific Automotive Interior Materials market is segmented into geographical regions, such as,
• South Korea,
• Rest of APAC
Covered in this report
The report covers the present scenario and the growth prospects of the Asia-Pacific Automotive Interior Materials market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.
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Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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