SAN FRANCISCO, January 10, 2018
SAN FRANCISCO, January 10, 2018 /PRNewswire/ --
The global automotive interior materials market is anticipated to reach USD 66.5 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to witness a high growth rate owing to increase in demand for lightweight passenger vehicles.
Factors such as improved economic conditions and rapid urbanization are likely to fuel the automotive interior materials market. In addition, there has been a rise in demand for personalization of cars, which will further create a positive outlook for this market.
Growth in interest for attractive automobile interiors, coupled with improved economic conditions in developing regions, is expected to boost this market over the forecast period. Market players are likely to focus on product differentiation and expanding their product catalog in order to grab market opportunities over the forecast period.
Presence of multiple leading market players has led to increased competitive rivalry within the market for automotive interior materials. Focus on product differentiation and expansion is expected to be the key to market dominance over the forecast period. Leading players have expressed interest in expanding their distribution channels as well as investing in mergers and acquisitions to strengthen their global reach in the market for automotive interior materials.
Browse full research report with TOC on "Automotive Interior Materials Market Analysis By Product (Leather, Composite, Plastic, Metals, Fabric), By Application (Dashboard, Seats, Airbags & Seat Belts, Door Panel & Trims, Carpet & Headliners), By Region, And Segment Forecasts, 2014 - 2025" at: https://www.grandviewresearch.com/industry-analysis/automotive-interior-materials-market
Further Key Findings From the Report Suggest:
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Grand View Research has segmented the global automotive interior materials market on the basis of product, application, vehicle type, and region:
Read Our Blog By Grand View Research: https://www.grandviewresearch.com/blogs/advanced-materials
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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