Automotive interior parts play an important role in the overall aesthetics of a car and can greatly influence a consumer's decision to buy a car. From door panels to headliners, seats to side panels, learn about interiors market dynamics, including growth opportunities and trends.
Automotive Interiors Growth Opportunities
Typically composed of leather and textiles, automotive interiors featuring "green technologies" are expected to have significant growth potential. Especially for leather interior parts, the opportunity lies here as consumers become more environmentally conscious.
Therefore, if manufacturers can balance the cost of using sustainable leather materials with production regulations, they may be able to capitalize on consumer value and increase profits.
Additionally, seat makers are likely to see margin expansion in the coming years. This is largely attributable to interior supply chain consolidation, as seat makers acquire leather makers and lower prices for seating systems as a result.
Additionally, manufacturers that can offer a variety of automotive interior systems while keeping costs low may see growth opportunities.
Automotive interior trends
Smart textiles are becoming a new interior trend as cars evolve and technology advances. These textiles can automatically heat and cool themselves and could potentially replace heavier components such as thermally conductive layers.
As the demand for fuel-efficient vehicles increases, so does the demand for interior components for light-duty vehicles. Additionally, increased production of hybrid and electric vehicles is likely to drive innovation and adoption of lightweight interiors.