India Automotive Interior Leather Market Size & Outlook
India automotive interior leather market, 2019-2030 (US$M)
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India automotive interior leather market highlights
- The India automotive interior leather market generated a revenue of USD 2,791.2 million in 2022 and is expected to reach USD 5,256.7 million by 2030.
- The India market is expected to grow at a CAGR of 8.2% 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 2,791.2 million |
| Market revenue in 2030 | USD 5,256.7 million |
| Growth rate | 8.2% (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, India accounted for 8.4% 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 Asia Pacific, China automotive interior leather market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,256.7 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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India 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 59.12% in 2022. Horizon Databook has segmented the India automotive interior leather market based on genuine, synthetic covering the revenue growth of each sub-segment from 2019 to 2030.
India is among the fastest growing economy in the global automotive interior leather market. Favorable government policies, availability of cheap labor as well rising disposable income is attracting investments in automotive manufacturing industry.
The government's Automotive Mission Plan (AMP) 2016–26 envisages the Indian Automotive Industry to grow 3.5 to 4 times in terms of revenue from its present output of approximately INR 4.64 trillion to about INR 16.16 to 18.88 trillion by 2026.
Rising standards of living, easy availability of finance, and increasing spending power are factors expected to propel the demand for automotive over the forecast period. Passenger cars are expected to dominate the market on account of massive demand from the urban sector.
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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 India automotive interior leather market , including forecasts for subscribers. This country databook contains high-level insights into India automotive interior leather market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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India automotive interior leather market size, by material, 2019-2030 (US$M)
India Automotive Interior Leather Market Outlook Share, 2022 & 2030 (US$M)
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