Mexico Automotive Interior Leather Market Size & Outlook
Mexico automotive interior leather market, 2019-2030 (US$M)
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Mexico automotive interior leather market highlights
- The Mexico automotive interior leather market generated a revenue of USD 337.5 million in 2022 and is expected to reach USD 477.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.4% 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 337.5 million |
| Market revenue in 2030 | USD 477.4 million |
| Growth rate | 4.4% (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, Mexico accounted for 1.0% 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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Mexico 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 62.31% in 2022. Horizon Databook has segmented the Mexico automotive interior leather market based on genuine, synthetic covering the revenue growth of each sub-segment from 2019 to 2030.
The automotive manufacturing industry is observing favorable growth opportunities in Mexico. Low value of US dollars as compared to currencies such as the Euro and Yen have attracted attention of global auto manufacturers, particularly in the NAFTA region.
Low tariffs, as well as low production costs on account of broad reach of Mexico’s free trade agreements have contributed essentially in attracting major investments. Exports to nearly 44 countries from Mexico are exempted from tariff, including 10 per cent tariff the EU implies upon imported motor vehicle.
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Target buyers of Mexico automotive interior leather market databook
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico automotive interior leather market , including forecasts for subscribers. This country databook contains high-level insights into Mexico automotive interior leather market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico automotive interior leather market size, by material, 2019-2030 (US$M)
Mexico Automotive Interior Leather Market Outlook Share, 2022 & 2030 (US$M)
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