The industry analysis report titled ‘Global Automotive Interior Trims Market - Analysis By Material (Leather, Textile, Polymers, Others), Vehicle Type, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, claims that the global automotive interior trims market, valued USD 23.64 billion in 2020, is slated to expand exponentially by 2026.

Global automotive interior trims market is mainly driven by product penetration in leather and fabric industry, escalating disposable income levels, growing adoption of polymers such as carbon fiber and plastic in automobiles, and proliferation of electronic devices.

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Furthermore, automation in emerging manufacturing industries and government regulations & compliances may broaden the horizon of the market in the forthcoming years.

Moving on, in terms of material, the polymers sub-segment is slated to witness a considerable growth rate over the analysis timeframe, attributable to the vast expanse of OEMs and ODMs across industries.

Considering vehicle type, the worldwide automotive trims industry is bifurcated into passenger and commercial vehicle. The passenger vehicles sub-segment is anticipated to contribute immensely to the overall renumeration of the market, creditable to increasing consumer inclination towards luxury and comfortability in vehicles.

From a regional viewpoint, Asia Pacific is the leading region in terms of market share and will likely continue exhibiting strong growth trends through 2026. This development can be accredited to increasing disposable income, rising urban population, and burgeoning manufacturing activities across countries in the area.

The competitive landscape of the global automotive interior trims market is defined by key players such as Visteon Corporation, Minth Group Ltd., Dura Automotive Systems, Faurecia SE, Magna International Inc., Yamaha Corporation, Toyota Boshoku Corporation, Adient plc, Yanfeng Interior Systems Co. Ltd., and Novem Group.