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Technological advancements and innovations to produce cost-effective interior materials for automotive is a key factor driving market revenue growth
Market Size – USD 50.02 Billion in 2020, Market Growth – at a CAGR of 3.1%, Market Trends – Rising preference for luxury and comfortable cars.
The global automotive interior materials market size is expected to reach USD 68.19 Billion in 2030 and register a revenue CAGR of 3.1% over the forecast period, according to the latest report by Reports and Data. Demand for high-end automobile interiors is growing across the world, which is a key factor driving global automotive interior materials market revenue growth. Consumers are increasingly demanding premium interiors with superior aesthetic appeal and tactile experience, even in non-premium vehicles, which is pushing market players to invest in material innovation. Volvo’s research and development center in Shanghai, China, is developing new designs that give the company a technological edge over its competitors.
Rise in disposable income has led to the rise in demand for the vehicle in emerging countries such as Brazil, China and India, which is supporting increasing demand for automotive interior materials.
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Some Key Highlights From the Report
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/press-release/global-automotive-interior-materials-market
For the purpose of this report, Reports and Data has segmented the global automotive interior materials market based on interior material type, vehicle type, class, application, and region:
Interior Material Type Outlook (Revenue, USD Billion; 2018-2030)
Vehicle Type Outlook (Revenue, USD Billion; 2018-2030)
Class Outlook (Revenue, USD Billion; 2018-2030)
Application Outlook (Revenue, USD Billion; 2018-2030)
Regional Outlook (Revenue, USD Billion; 2018-2030)
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The post Global Automotive Interior Materials Market Size Analysis, Drivers, Restraints, Key Factors Forecast, 2020–2028 appeared first on Market O Graphics.
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