Automotive Interior Materials Market Share

Regionally, the global automotive interior materials market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2037, owing to the increased demand of vehicles by the growing population. The total production of vehicles in the region was 46,732,785 units in 2021, a rise from 44,276,549 units in 2020. Similarly, the total sales in the region was 42,663,736 units in 2021, a rise from 40,322,544 in 2020 as per statistics released by International Organization of Motor Vehicles. Another factors that are attributed to the increase the utilization of automotive interior materials is the presence of major key players and leading exporters and importers of vehicles in the region. In 2021, China exported around 402,000 commercial vehicles and around 2 million passenger vehicles. Also the growing Gross Domestic Product (GDP) level along with the rising employment rate and rising income levels are another factors for increased adoption rate of automotive interior materials.