Motor Vehicle Seating And Interior Trim Global Market Report 2020
March 2020
200
About the Report
About the Report
The motor vehicle seating and interior trim market is driven by the increasing popularity of sport utility vehicle (SUV) cars. SUV cars are preferred owing to its comfortable seating and exquisite interior trim. The demand for SUV and other luxurious cars increases the demand for improved and more aesthetically appealing vehicle seating and interior trim. According to International Energy Agency, the number of SUVs on the road grew from 35 million in 2010 to over 200 million in 2018, representing 60% of the increase in the global car fleet over the 8-year period where 48% of car sales in the United States in 2018 were SUVs. The increase in demand for SUVs around the world positively impacts the growth of vehicle seating and interior trim market.
The motor vehicle seating and interior trim market consists of sales of motor vehicle seating and interior trim and related services used to increase the aesthetic appeal of the motor vehicle. The motor vehicle seating and interior trim market involves production of motor vehicle seating, seats, seat frames, seat belts, and interior trimmings. Motor vehicle interior trim involves the decorative parts such as leather seats door trims, headliners, door weather strips, sun visor, and cosmetic changes that do not add any functionality but increases the aesthetic appeal of the motor vehicle.
The motor vehicle seating and interior trim market covered in this report is segmented by type into motor vehicle seating and motor vehicle interior trim.
The global motor vehicle seating and interior trim market was worth USD 309.8 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 10.8% and reach USD 467.76 billion by 2023.
The companies in motor vehicle seating and interior trim market are investing towards the use of sustainable materials for car interior trim. In order to attract the buyers inclined towards using eco-friendly ways of living, the manufacturers are using sustainable options for car interior trim parts. For instance, Land Rover in 2019, introduced its new line of leather-free and fully vegan materials to be used in interior trim for its 2020 Range Rover Evoque, Range Rover Velar, and Jaguar I-Pace SUVs. Land Rover's Evoque is equipped with eucalyptus melange premium textile produced from eucalyptus fibers using less water. It also uses a premium textile, from Kvadrat, made with 53 recycled plastic bottles per car and is combined with Dinamica Miko suede cloth.
In 2017, Adient PLC., an Ireland based provider of automotive seating, acquired Futuris Group for USD 360 million. Through the acquisition, Adient is expected to improve its operational efficiencies rate in North America and to expand its business in Southeast Asia. Futuris Group, headquartered Michigan is a designer and manufacturer of fully integrated automotive seating and interior systems. It operates 15 facilities in North America and Asia.
The failure to meet the required quality standard of motor vehicle seating and interior trim parts restricts the growth of motor vehicle seating and interior trim market. The car seats and other interior trim car parts are recalled when a manufacturer or the US National Highway Traffic Safety Administration (NHTSA) determines that a vehicle car seat, or other equipment creates an unreasonable safety risk or fails to meet minimum safety standards. Such recalls cost a huge amount to the manufacturer who has to bear the loss. For instance, in 2019 Ford Motor Company announced its recall of about 550,000 trucks and SUVs in North America due to defect in seat strength and sharp edges that posed a risk of injury in a crash. To mitigate the risk of accidents, Ford dealers were directed by the manufacturer to install tape to the exposed edge, at no charge to the motor vehicle owners. Thus, the risk of failure to meet the required quality standards negatively impacts the growth of motor vehicle seating and interior trim market.
Major players in the market are ContiTech AG, Magna International, Hyundai Mobis Co., Faurecia S.A., TATA Group, Toyoda Gosei, Johnson Controls, Faurecia S.A., Magna and International Textile Group.
Products
Products
1) By Type: Motor Vehicle Seating; Motor Vehicle Interior Trim
Companies
ContiTech AG
Magna International
Hyundai Mobis Co.
Faurecia S.A.
TATA Group
Toyoda Gosei
Johnson Controls
Faurecia S.A.
Magna
International Textile Group
Lear
Sage Automotive Interior Trim
Delphi Automotive LLP
IAC Group
Katzkin Leather Interiors
Hyosung
Woodbridge Holdings Inc
Futuris Global Holdings LLC
Air Cruisers Company LLC
Sage Automotive Interiors Inc
Technotrim Inc
Transportation Tech Inds
Yanfeng US Automotive
Nishikawa Rubber
Dura Automotive
SaarGummi
Qinghe Huifeng
Table of Contents
Table of Contents
1. Executive Summary
2. Motor Vehicle Seating And Interior Trim Market Characteristics
3. Motor Vehicle Seating And Interior Trim Market Size And Growth
3.1. Global Motor Vehicle Seating and Interior Trim Manufacturing Historic Market, 2015-2019, USD Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Motor Vehicle Seating and Interior Trim Manufacturing Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Motor Vehicle Seating And Interior Trim Market Segmentation
4.1. Global Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Motor Vehicle Seating
Motor Vehicle Interior Trim
5. Motor Vehicle Seating And Interior Trim Market Regional And Country Analysis
5.1. Global Motor Vehicle Seating And Interior Trim Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
5.2. Global Motor Vehicle Seating And Interior Trim Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
6. Asia-Pacific Motor Vehicle Seating And Interior Trim Market
6.1. Asia-Pacific Motor Vehicle Seating And Interior Trim Market Overview
6.2. Asia-Pacific Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
7. China Motor Vehicle Seating And Interior Trim Market
7.1. China Motor Vehicle Seating And Interior Trim Market Overview
7.2. China Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion
8. India Motor Vehicle Seating And Interior Trim Market
8.1. India Motor Vehicle Seating And Interior Trim Market Overview
8.2. India Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
9. Japan Motor Vehicle Seating And Interior Trim Market
9.1. Japan Motor Vehicle Seating And Interior Trim Market Overview
9.2. Japan Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
10. Australia Motor Vehicle Seating And Interior Trim Market
10.1. Australia Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
11. Indonesia Motor Vehicle Seating And Interior Trim Market
11.1. Indonesia Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
12. South Korea Motor Vehicle Seating And Interior Trim Market
12.1. South Korea Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
13. Western Europe Motor Vehicle Seating And Interior Trim Market
13.1. Western Europe Motor Vehicle Seating And Interior Trim Market Overview
13.2. Western Europe Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
14. UK Motor Vehicle Seating And Interior Trim Market
14.1. UK Motor Vehicle Seating And Interior Trim Market Overview
14.2. UK Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
15. Germany Motor Vehicle Seating And Interior Trim Market
15.1. Germany Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
16. France Motor Vehicle Seating And Interior Trim Market
16.3. France Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
17. Eastern Europe Motor Vehicle Seating And Interior Trim Market
17.1. Eastern Europe Motor Vehicle Seating And Interior Trim Market Overview
17.2. Eastern Europe Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
18. Russia Motor Vehicle Seating And Interior Trim Market
18.1. Russia Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
19. North America Motor Vehicle Seating And Interior Trim Market
19.1. North America Motor Vehicle Seating And Interior Trim Market Overview
19.2. North America Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
20. USA Motor Vehicle Seating And Interior Trim Market
20.1. USA Motor Vehicle Seating And Interior Trim Market Overview
20.2. USA Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
21. South America Motor Vehicle Seating And Interior Trim Market
21.1. South America Motor Vehicle Seating And Interior Trim Market Overview
21.2. South America Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
22. Brazil Motor Vehicle Seating And Interior Trim Market
22.1. Brazil Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
23. Middle East Motor Vehicle Seating And Interior Trim Market
23.1. Middle East Motor Vehicle Seating And Interior Trim Market Overview
23.2. Middle East Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
24. Africa Motor Vehicle Seating And Interior Trim Market
24.1. Africa Motor Vehicle Seating And Interior Trim Market Overview
24.2. Africa Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
25. Motor Vehicle Seating And Interior Trim Market Competitive Landscape And Company Profiles
25.1. Motor Vehicle Seating And Interior Trim Market Competitive Landscape
25.2. Motor Vehicle Seating And Interior Trim Market Company Profiles
25.2.1. ContiTech AG
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. Magna International
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. Hyundai Mobis Co.
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. Faurecia S.A.
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. TATA Group
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance
26. Key Mergers And Acquisitions In The Motor Vehicle Seating And Interior Trim Market
27. Motor Vehicle Seating And Interior Trim Market Trends And Strategies
28. Motor Vehicle Seating And Interior Trim Market Future Outlook and Potential Analysis
29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. The Business Research Company
29.5. Copyright And Disclaimer
List of Figure
Figure 1: Global Historic Market Growth, 2015-2019, USD Billion
Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 3: Global Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 4: Global Motor Vehicle Seating And Interior Trim Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 5: Global Motor Vehicle Seating And Interior Trim Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 6: Asia-Pacific, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 7: China, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 8: India, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 9: Japan, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 10: Australia, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 11: Indonesia, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 12: South Korea, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 13: Western Europe, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 14: UK, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 15: Germany, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 16: France, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 17: Eastern Europe, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 18: Russia, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 19: North America, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 20: USA, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 21: South America, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 22: Brazil, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 23: Middle East, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 24: Africa, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 25: ContiTech AG Financial Performance
Figure 26: Magna International Financial Performance
Figure 27: Hyundai Mobis Co. Financial Performance
Figure 28: Faurecia S.A. Financial Performance
Figure 29: TATA Group Financial Performance
List of Table
Table 1: Global Historic Market Growth, 2015-2019, USD Billion
Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 3: Global Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 4: Global Motor Vehicle Seating And Interior Trim Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 5: Global Motor Vehicle Seating And Interior Trim Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 6: Asia-Pacific, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 7: China, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 8: India, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 9: Japan, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 10: Australia, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 11: Indonesia, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 12: South Korea, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 13: Western Europe, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 14: UK, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 15: Germany, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 16: France, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 17: Eastern Europe, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 18: Russia, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 19: North America, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 20: USA, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 21: South America, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 22: Brazil, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 23: Middle East, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 24: Africa, Motor Vehicle Seating And Interior Trim Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 25: ContiTech AG Financial Performance
Table 26: Magna International Financial Performance
Table 27: Hyundai Mobis Co. Financial Performance
Table 28: Faurecia S.A. Financial Performance
Table 29: TATA Group Financial Performance
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