Global Automotive Interior Trim Parts Market Size By Interior Trim Parts (Door Panels, Instrument Panel, Headliners, Trunk/Tailgate trims, Sun Visors), By Application (Passenger Cars, Light Commercial Vehicle, and Heavy Commercial Vehicle), By Geographic Scope And Forecast

Automotive Interior Trim Parts Market Size And Forecast

Automotive Interior Trim Parts Market size was valued at USD 41.25 Billion in 2023 and is projected to reach USD 60.19 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030.

The demand for automotive interior trim parts has seen an upsurge over the past years owing to increased demand from the automotive industry. One of the key drivers of this trend is the rising disposable incomes of consumers, especially in emerging economies, which has allowed them to afford more luxurious vehicles. The Global Automotive Interior Trim Parts Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

What is Automotive Interior Trim Parts?

All of the car’s interior trims are the portions that serve more as decorative embellishments than functional components. Its main objective is to create a comfortable and warm environment inside the car. A leather steering wheel, door lining, decorations on the car roof, seat trim, or a sun visor mirror are a few examples of trim.

All of these different types of trim have the trait of being visually appealing. They do have a useful function, like insulating the vehicle to keep the heat in. For instance, shielding hands from the sunrays while behind the wheel or guarding against water damage to the roof of the car. Yet, most people view them as an additional adornment for the vehicle, enhancing the glitz and glamour of the interior. These parts are designed to enhance the comfort, functionality, and aesthetic appeal of a vehicle’s cabin, and can include (but not limited to).

In recent years, interior car trims have become increasingly sophisticated, with many vehicles featuring advanced features such as touchscreens, digital displays, ambient lighting, and advanced audio systems. These high-tech trims not only enhance the vehicle’s functionality but also add to its overall appeal and perceived value. Overall, interior car trims are a critical aspect of automotive design, playing a significant role in a vehicle’s overall success in the market. Automakers invest heavily in research and development to create trims that meet the evolving tastes and preferences of consumers, while also incorporating the latest technology and materials to deliver a premium driving experience.

Global Automotive Interior Trim Parts Market Overview

The demand for automotive interior trim parts has seen an upsurge over the past years owing to increased demand from automotive industry. Technological advancements such as artificial intelligence, data analytics, robotics among others along with innovation of electric vehicles are propelling the growth of automotive industry worldwide. With presence of some of the top key producing countries including China, Japan, South Korea, and India, Asia Pacific is slated to exhibit its dominance over the forecast period. This is anticipated to positively impact the growth of automotive interior trim parts market in the region. As of 2021, China produces 33% of the 79 million cars that are manufactured worldwide each year, followed by Europe (21%), and Japan and Korea (16%).

The demand for more comfort and luxury in automobiles has been increasing in recent years. Consumers are looking for cars that provide a comfortable and enjoyable driving experience, with advanced features and amenities that enhance their overall driving experience.

One of the key drivers of this trend is the rising disposable incomes of consumers, especially in emerging economies, which has allowed them to afford more luxurious vehicles. In addition, advancements in technology have allowed automakers to incorporate more advanced features and amenities into their vehicles, such as advanced infotainment systems, high-quality sound systems, and advanced climate control systems.

Furthermore, their numerous components make such vehicles challenging to service and call for specialized personnel. Systems with complex architectures have shorter service lives. Therefore, it is anticipated that high replacement costs will hinder the expansion of the global automotive interior trims market. The use of natural leather in automotive interior trim parts has been a cause of concern among environmentalists due to several reasons. Firstly, the production of leather involves a significant amount of water usage and chemical processing, which can lead to environmental pollution and degradation. Leather production also requires the use of toxic chemicals such as chromium, which can have harmful effects on the environment and human health.

Over the past few decades, there has been a rapid evolution of passenger cars and light commercial vehicles, with an increased emphasis on comfort, convenience, safety, and the quality of the driving and passenger experience. Higher standards and more stringent legislation are results of globalization. Vehicle manufacturers today require eco-friendly production and assembly processes as well as lightweight materials that lower emissions and fuel use. Companies that manufacture seats and interior trim for motor vehicles are making investments in the usage of eco-friendly materials.

Global Automotive Interior Trim Parts MarketSegmentation Analysis

The Automotive Interior Trim Parts Market is segmented on the basis of Interior Trim Parts, Application, and Geography.

Automotive Interior Trim Parts Market, By Interior Trim Parts

• Door Panels
• Instrument Panel
• Headliners, Trunk/Tailgate trims
• Sun Visors
• Others

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Based on Interior Trim Parts, the market is bifurcated into Door Panels, Instrument Panel, Headliners, Trunk/Tailgate trims, Sun Visors, and Others. Door Panels accounted for the largest market share in 2021. Door panels serve as an interface between the interior of the vehicle and the inner workings of the door, and between vehicle occupants and the door.

Automotive Interior Trim Parts Market, By Application

• Passenger Cars
• Light Commercial Vehicle
• Heavy Commercial Vehicle

On the basis of Application, the Global Automotive Interior Trim Parts Market has been segmented into Passenger Cars, Light Commercial Vehicle, and Heavy Commercial Vehicle. Passenger Cars accounted for the largest market share in 2021. The passenger cars segment accounted for 51% share in global automotive interior market. The segment is expected to witness high growth over the forecast period owing to high consumer purchasing power along with increasing sales of private cars along with growing inclination towards comfort, convenience and aesthetics.

Automotive Interior Trim Parts Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

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On the basis of regional analysis, the Global Automotive Interior Trim Parts Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia Pacific is expected to hold the largest market share of Automotive Interior Trim Parts in the forecast period followed by Europe. Asia Pacific is anticipated to be the largest market due to rapid consumer adoption and high sales of automobiles. China and Japan garnered the largest shares within the market because of the high production & sales of vehicles, domestically. Additionally, manufacturers in these countries focus on technological advancements, which is increasing the demand for automotive lighting. Furthermore, the rise in consumer per capita income and high sales of SUVs in emerging economies such as India are expected to drive the market of automotive interior trim parts further.

Key Players

The major players in the market are Faurecia, Adient PLC, Continental AG, Magna International, CIE Automotive, Inteva Products, Nihon Plast, NBHX Trim Group, Kasai Kogyo, Kojima Industries, Safe Demo, Inoac, DURA Automotive Systems, Ashimori Industry, Kyowa Leather Cloth, Tata AutoComp Systems, Meiwa Industry, Borgers, Achilles, ACS Iberica. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In January 2022, Faurecia and HELLA, an internationally operating German automotive part supplier came together to form FORVIA, a global automotive supplier with an advanced technology portfolio and innovation capability. FORVIA, is a newly combined Group’s name formed following the successful completion of the acquisition of a controlling stake in HELLA by Faurecia.
• In August 2021, Adient announced the closing of previously announced transactions with joint venture partner Yanfeng to restructure existing joint venture relationships. At the closing, Adient received cash proceeds of USD 309 million related to the sale of Adient’s 30% ownership stake in Yanfeng Global Automotive Interior Systems Co., Ltd. (YFAI) to Yanfeng. And following this approximately USD 20 million related to the sale of Adient’s certain mechanisms business patents and other intellectual property to Adient Yanfeng Seating Mechanisms Co., Ltd. (AYM).
• In August 2021, Dura Automotive Systems announced that it has entered into a joint venture agreement with ALMAC Co, LTD a leading supplier of precision Aluminum products to the automotive industry. The company entered into a joint venture to manufacture automotive-grade aluminum extrusions and components to enhance the performance of lightweight and electric vehicle modules. Through this arrangement Dura Automotive Systems will leverage the combined competencies of ALMAC and DURA to produce luxury battery electric vehicles (BEV’s).

Report Scope

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