Global Motor Vehicle Seating and Interior Trim Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

The motor vehicle seating and interior trim market consists of sales of motor vehicle seating and interior trim and related services used to increase the aesthetic appeal of the motor vehicle. The motor vehicle seating and interior trim market involves production of motor vehicle seating, seats, seat frames, seat belts, and interior trimmings. Motor vehicle interior trim involves the decorative parts such as leather seats door trims, headliners, door weather strips, sun visor, and cosmetic changes that do not add any functionality but increases the aesthetic appeal of the motor vehicle.

Global Motor Vehicle Seating and Interior Trim Market Size And Drivers:

The global motor vehicle seating and interior trim market is expected to grow from $295.17 billion in 2020 to $312.15 billion in 2021 at a compound annual growth rate (CAGR) of 5.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $463.23 billion in 2025 at a CAGR of 10%. The motor vehicle seating and interior trim market is driven by the increasing popularity of sport utility vehicle (SUV) cars.

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Trends In The Global Motor Vehicle Seating and Interior Trim Market

The companies in motor vehicle seating and interior trim market are investing towards the use of sustainable materials for car interior trim. In order to attract the buyers inclined towards using eco-friendly ways of living, the manufacturers are using sustainable options for car interior trim parts. For instance, Land Rover in 2019, introduced its new line of leather-free and fully vegan materials to be used in interior trim for its 2020 Range Rover Evoque, Range Rover Velar, and Jaguar I-Pace SUVs. Land Rover's Evoque is equipped with eucalyptus melange premium textile produced from eucalyptus fibers using less water. It also uses a premium textile, from Kvadrat, made with 53 recycled plastic bottles per car and is combined with Dinamica Miko suede cloth.

Global Motor Vehicle Seating and Interior Trim Market Segments:
The global motor vehicle seating and interior trim market is further segmented –
By Type: Motor Vehicle Seating, Motor Vehicle Interior Trim
By Vehicle: Passenger Vehicle, Commercial Vehicle
By Geography: The global motor vehicle seating and interior trim market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Motor Vehicle Seating and Interior Trim Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides motor vehicle seating and interior trim market overviews, analyzes and forecasts market size and growth for the global motor vehicle seating and interior trim market, motor vehicle seating and interior trim market share, motor vehicle seating and interior trim market players, motor vehicle seating and interior trim market segments and geographies, motor vehicle seating and interior trim market’s leading competitors’ revenues, profiles and market shares. The motor vehicle seating and interior trim market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.