Latin America Automotive Interior Leather Market Size & Outlook
Latin America automotive interior leather market, 2019-2030 (US$M)
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Latin America automotive interior leather market highlights
- The Latin America automotive interior leather market generated a revenue of USD 3,690.8 million in 2022.
- The market is expected to grow at a CAGR of 6.6% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 3,690.8 million |
| Market revenue in 2030 | USD 6,155.3 million |
| Growth rate | 6.6% (CAGR from 2022 to 2030) |
| Largest segment | Genuine |
| Fastest growing segment | Synthetic |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Latin America region accounted for 11.1% of the global automotive interior leather market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 24,016.7 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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Latin America 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 62.14% in 2022. Horizon Databook has segmented the Latin America automotive interior leather market based on genuine, synthetic covering the revenue growth of each sub-segment from 2019 to 2030.
The increasing automobile production is a major reason for the growing demand for leather in Brazil. The automobile manufacturers are engaged in providing affordable credit schemes to attract more customers to boost the sales of automobiles.
The increasing use of personal vehicles in countries of Central & South America is boosting the sales of passenger cars across large cities in the region. The increase in demand of vehicles is expected to drive the automotive interior leather market over the forecast period.
Brazilian leather industry is characterized with abundant indigenous raw material supply coupled with substantial stock supply from neighboring countries, extensive production of footwear and leather goods, especially travel accessories, and strong connection with the U.S. leather market.
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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 continent-level data and insights on the Latin America automotive interior leather market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America automotive interior leather market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America automotive interior leather market size, by country, 2019-2030 (US$M)
Latin America Automotive Interior Leather Market Outlook Share, 2022 & 2030 (US$M)
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