Canada Automotive Interior Leather Market Size & Outlook
Canada automotive interior leather market, 2019-2030 (US$M)
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Canada automotive interior leather market highlights
- The Canada automotive interior leather market generated a revenue of USD 789.7 million in 2022 and is expected to reach USD 1,169.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 5% from 2023 to 2030.
- In terms of segment, genuine was the largest revenue generating material in 2022.
- Synthetic is the most lucrative material segment registering the fastest growth during the forecast period.
Automotive interior leather market data book summary
| Market revenue in 2022 | USD 789.7 million |
| Market revenue in 2030 | USD 1,169.5 million |
| Growth rate | 5% (CAGR from 2022 to 2030) |
| Largest segment | Genuine |
| Fastest growing segment | Synthetic |
| Historical data | 2019 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Genuine, Synthetic |
| Key market players worldwide | Lear Corp, Kuraray Co Ltd, Seiren Co Ltd, GST AutoLeather, Tata International Limited, DK Leather Seats Sdn Bhd, Scottish Leather Group, Wollsdorf, Classic Soft Trim, Katzkin, Almatex, Bader |
Other key industry trends
- In terms of revenue, Canada accounted for 2.4% of the global automotive interior leather market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. automotive interior leather market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 8,443.6 million by 2030.
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Automotive Interior Leather Market Scope
Automotive Interior Leather Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada automotive interior leather market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive interior leather market will help companies and investors design strategic landscapes.
Genuine was the largest segment with a revenue share of 58.59% in 2022. Horizon Databook has segmented the Canada automotive interior leather market based on genuine, synthetic covering the revenue growth of each sub-segment from 2019 to 2030.
The automotive industry demand in Canada is likely to witness favorable growth on account of rise in demand for new vehicles mainly from aging baby boom population from Canada and the U.S. Moreover, favorable economic conditions will continue to support the Canadian motor vehicle manufacturing industry.
However, improving vehicle technology which aids in extending the average length of vehicle ownership and easy access to ride sharing & carpooling are anticipated to restrain market demand from urban millennials. Allard Motor Works, Bombardier Recreational Products, Bombardier Inc., Canadian Electric Vehicles, Dupont Industries, and Conquest Canada are among the key domestic auto manufacturers operating in the Canada automotive industry.
The genuine automotive interior leather industry is on a decline in Canada owing to the rising campaigns and awareness created by various animal rights groups. Earlier, Canada imported leather from India and other Asian countries.
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Our clientele includes a mix of automotive interior leather market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada automotive interior leather market , including forecasts for subscribers. This country databook contains high-level insights into Canada automotive interior leather market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Canada automotive interior leather market size, by material, 2019-2030 (US$M)
Canada Automotive Interior Leather Market Outlook Share, 2022 & 2030 (US$M)
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