According to the research 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, global automotive interior trims market was worth USD 23.64 billion in 2020 and is slated to record substantial growth during 2021-2026.

Widespread acceptance of polymers such as plastics, carbon fire, etc. in the automotive industry, tremendous technological advancements, and a rise in disposable income in developing economies are growth catalysts of global automotive interior trims market.

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Furthermore, an upsurge in the use of electronic devices in vehicles, growing use of leather, fabric, etc. in automotive interior trims, and elevated automation in the manufacturing arena are expected to accelerate business development in the coming years.

Based on vehicle type, the market is split into passenger vehicles and commercial vehicles. Of these, the passenger vehicles segment is predicted to amass notable valuation by the end of 2026, due to the extensive demand for luxury as well as comfort vehicles.

In terms of material type, worldwide automotive interior trims industry is categorized into textile/fabric, leather, polymers, and others. Among these, the polymer vertical is estimated to develop considerably during the review period, owing to strict government rules surrounding automobiles and pedestrian safety, coupled with a higher density of original design manufacturers (ODMs) and original equipment manufacturers (OEMs) across the industries.

Speaking of geographical aspects, Asia Pacific market is projected to generate significant revenue during the assessment timeline, attributed to the proliferating manufacturing activities, ever-increasing population base, and immense demand for automakers to furnish improved-quality, zero-error, comfortable vehicles.

The key corporations in global automotive interior trims marketplace include Novem Group S.A., Visteon Corporation, Yanfeng Automotive Interior Systems Co. Ltd., Toyota Boshoku Asia Co. Ltd., Magna International Inc., Minth Group Ltd., Faurecia SE, Dura Automotive Systems LLC, Yamaha Corporation, and Adient plc among others.