In 2019, the global Automotive Interior Leather market size was US$ 6154.02 million and it is expected to reach US$ 8182.46 million by the end of 2026, with a CAGR of 4.12% between 2020 and 2026, released by QYResearch.
The material, leather, also include a wide range of resource. It is made by tanning of animal skin and rawhide. Leather also has a wide material resource, including cowhide, buffalo hide, hog skin, goat and sheep skin, dear skin, and other large amount origins of animal skins. The range of synthetic materials used in the leather goods industry is very wide.
In past several years, after the hard times of automotive industry in 2009, the global automotive industry enjoyed best ages. Correspondingly, the automotive interior leather industry was also in a boom. But, the world vehicle market is about to take its biggest hit since the financial crisis of 2008, sales volume in 2018 decline 1.7% to 95 million, and continue to fall in 2019 until start recovery in 2022. It must be said though that the reason global sales are slowing is not just down to China: a number of markets have failed to live up to expectations this year. Beyond 2018 there are still reasons to be optimistic the market will surpass 100 million units/year early next decade. China’s market potential remains large, and while economic growth continues to slow, this continues at fairly enviable levels by most standards. And with clarity from the government regarding tax cuts and the new emission legislation, the hold-off on purchasing should also unwind.
Global Automotive Interior Leather Market- Key Players
Eagle Ottawa, Benecke-Kaliko, Bader GmbH, Midori Auto Leather, Kyowa Leather Cloth, Boxmark, Exco Technologies, Wollsdorf, CGT, Scottish Leather Group, JBS Couros, Dani S.p.A., Couro Azul, Vulcaflex, D.K Leather Corporation, Mingxin Leather, Archilles, Mayur Uniquoters, Fujian Polyrech Technology, Elmo Sweden AB, are key players in the global Automotive Interior Leather market. The market is dominated by several leading players. The revenue of top ten manufacturers accounts about 74.3% of the total revenue in 2019.
Global Automotive Interior Leather Market: Segmental Analysis
In 2019, the global Automotive Interior Leather market size was US$ 6154.02 million and it is expected to reach US$ 8182.46 million by the end of 2026, with a CAGR of 4.12% between 2020 and 2026. The actual consumption is about 576.49 million square meters in 2019. On the basis of product, the Automotive Interior Leather market is primarily split into Synthetic Leather and Genuine Leather. Synthetic Leather account about 70% of the total volume. But Genuine Leather is used in luxury vehicles; it is more expensive than Synthetic Leather. It accounts about 72% of the total revenue. In the future, it will keep faster growth than synthetic leather.
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