Latin America Automotive Interior Materials Market Size & Outlook
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Latin America automotive interior materials market highlights
- The Latin America automotive interior materials market generated a revenue of USD 1,222.0 million in 2016.
- The market is expected to grow at a CAGR of 1.5% from 2017 to 2025.
- In terms of segment, plastic was the largest revenue generating product in 2016.
- Plastic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2017 to 2025.
Latin America data book summary
| Market revenue in 2016 | USD 1,222.0 million |
| Market revenue in 2025 | USD 1,398.4 million |
| Growth rate | 1.5% (CAGR from 2016 to 2025) |
| Largest segment | Plastic |
| Fastest growing segment | Plastic |
| Historical data covered | 2014 - 2015 |
| Base year for estimation | 2016 |
| Forecast period covered | 2017 - 2025 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Leather, Composite, Plastic, Metals, Fabric |
| Key market players worldwide | Toyoda Gosei Co Ltd, Takara & Company Ltd, Magna International Inc, Tachi-S Co Ltd, ContiTech AG, Grupo Antolin, Sage Automotive Interiors, SMS Auto Fabrics, Yanfeng Automotive Interiors, Lear Corporation, Faurecia Clean Mobility, Marelli, Hyundai Mobis, Tata Steel Ltd GDR - 144A |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.8% of the global automotive interior materials market in 2016.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2025.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 39,989.0 million by 2025.
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Automotive Interior Materials Market Scope
Automotive Interior Materials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hyundai Mobis | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.mobis.co.kr/kr/index.do |
| Marelli | View profile | 10001+ | Saitama, Saitama, Japan, Asia | https://www.mmck-holdings.com/ |
| Faurecia Clean Mobility | View profile | - | Kancheepuram, Tamil Nadu, India, Asia | http://www.faureciaemissionscontrolindia.com |
| Lear Corporation | View profile | 10001+ | Southfield, Michigan, United States, North America | http://lear.com |
| Yanfeng Automotive Interiors | View profile | 10001+ | Plymouth, Minnesota, United States, North America | http://www.yfai.com/ |
| SMS Auto Fabrics | View profile | - | Canby, Oregon, United States, North America | https://smsautofabrics.com/ |
| Sage Automotive Interiors | View profile | 1001-5000 | Greenville, South Carolina, United States, North America | http://www.sageautomotiveinteriors.com/ |
| Grupo Antolin | View profile | 10001+ | Burgos, Castilla y Leon, Spain, Europe | http://www.grupoantolin.com |
| ContiTech AG | View profile | 5001-10000 | Hanover, Niedersachsen, Germany, Europe | http://www.contitech.de/index_en.html |
| Tachi-S Co Ltd | View profile | 10556 | 3-3-7, Matsubara-cho, Akishima-shi, Tokyo, Japan, 196-8611 | http://www.tachi-s.co.jp |
| Magna International Inc | View profile | 179000 | 337 Magna Drive, Aurora, ON, Canada, L4G 7K1 | https://www.magna.com |
| Takara & Company Ltd | View profile | 1244 | 28-8, Takada 3-chome, Toshima-ku, Tokyo, Japan, 171-0033 | https://www.takara-company.co.jp |
| Toyoda Gosei Co Ltd | View profile | 46519 | 1 Haruhinagahata, Aichi, Kiyosu, Japan, 452-8564 | http://www.toyoda-gosei.co.jp |
| Tata Steel Ltd GDR - 144A | View profile | 73496 | 24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, India, 400 001 | https://www.tatasteel.com |
Latin America automotive interior materials 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 materials market will help companies and investors design strategic landscapes.
Plastic was the largest segment with a revenue share of 43.39% in 2016. Horizon Databook has segmented the Latin America automotive interior materials market based on leather, composite, plastic, metals, fabric covering the revenue growth of each sub-segment from 2014 to 2025.
The growth of automotive interior materials market is Central & South America is expected to be driven by growth in automotive production in countries such as Brazil, Colombia, Peru, owing to high investments by large automotive companies towards setting up production plants in these countries.
The demand for passenger cars in the region is increasing owing to increase in consumer buying power in these countries. Brazil is expected to witness highest growth in the region, owing to increased emphasis on adoption of electric vehicles in the country coupled with continuous increase in production over the past few years from 2016 to 2019.
The automotive industry growth is expected to be comparatively less in Argentina, due to economic crisis in the country, leading to a drop of about 32.5% in automotive production in 2019. Thus, the growth of automotive interior materials in Central and South America region is expected to be moderate over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America automotive interior materials market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America automotive interior materials market from 2014 to 2025, including revenue numbers, major trends, and company profiles.
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Latin America automotive interior materials market size, by country, 2014-2025 (US$M)
Latin America Automotive Interior Materials Market Outlook Share, 2016 & 2025 (US$M)
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