South Korea Automotive Interior Leather Market Size & Outlook
South Korea automotive interior leather market, 2019-2030 (US$M)
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South Korea automotive interior leather market highlights
- The South Korea automotive interior leather market generated a revenue of USD 1,560.4 million in 2022 and is expected to reach USD 2,448.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.8% 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 1,560.4 million |
| Market revenue in 2030 | USD 2,448.1 million |
| Growth rate | 5.8% (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, South Korea accounted for 4.7% 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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South Korea 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 59.8% in 2022. Horizon Databook has segmented the South Korea automotive interior leather market based on genuine, synthetic covering the revenue growth of each sub-segment from 2019 to 2030.
The automotive industry of South Korea is exhibiting promising growth. Favorable government regulation as well as developing infrastructure is attracting investments from major manufacturers. South Korea mainly exports cars to the U.S., Saudi Arabia, Canada, Australia, UK, Germany, Russia, Mexico, Italy and others.
Synthetic leather industry in Korea has exhibited rapid growth in the recent past on account of the slowdown in synthetic leather industry in Japan. South Korea has witnessed an increase in demand for synthetic leather among consumers. The domestic market is largely dependent on imported raw materials.
However, it benefits from easy availability of cheap labor, which is facilitating the overall growth of synthetic leather market in Korea. The production capabilities are expected to expand in the urban areas over the forecast period, which is, in turn, likely to create lucrative opportunities for new market entrants.
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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 South Korea automotive interior leather market , including forecasts for subscribers. This country databook contains high-level insights into South Korea automotive interior leather market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea automotive interior leather market size, by material, 2019-2030 (US$M)
South Korea Automotive Interior Leather Market Outlook Share, 2022 & 2030 (US$M)
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