The expansion of the middle-class population and the cheaper availability of labor and other resources complement the growth of the automotive manufacturing sector, which increases the demand for automotive interior leather market. The growth of artificial leather is leading to an increase in investments in the sector, which will subsequently contribute to improving the overall penetration of this market.
Automotive Interior Leather Market Size and Growth Rate: ... Read more
VALLEY COTTAGE, New York, /PRNewswire/ -- Future Market Insights (FMI), in its recently published report, suggests that the sales of automotive interior ambient lighting systems reached ~2.7 million units in 2018, equating the revenues worth US$ 28 Bn. As fuel efficiency, low emission, and high performance can no longer suffice the evolving vehicle selection criteria of consumers, automakers continue to face pressure of implementing multifaceted strategies, covering comfort, style, and ... Read more
VALLEY COTTAGE, New York, /PRNewswire/ -- A new market research report by Future Market Insights (FMI) projects steadfast growth prospects for the automotive interior leather market revenues. The global market value of automotive interior leather was ~US$ 29.7 Bn in 2018, which is anticipated to see a moderate rise at 4% CAGR during the period of assessment, 2019-2029.
While the growth in demand for leather to be used for automotive interiors is majorly driven by the continued quest ... Read more