Automotive Interior Leather Market: Insights into the Competitive Scenario of the Market
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 for enduring, high-quality synthetic leather, sophisticated aesthetics also remains one of the sought-after features among car owners. This, according to the study, will shape the automotive interior leather market. A mass shift away from animal-based products is envisaged to hold a significant impact on the sales of leather within automotive industry, in the long run. Although the use of leather for automotive interiors has been under the scrutiny, of late, the fact that it still remains the consumers' choice would sustain short-term market growth. Would non-leather materials debuting and establishing in the industry arrest market growth in future, remains to be seen.
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