Motor Vehicle Seating and Interior Trim Global Market Report 2024

The motor vehicle seating and interior trim market size has grown strongly in recent years. It will grow from $210.93 billion in 2023 to $230.53 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth observed in the historical period can be attributed to several key factors, including the expansion of the automobile industry, the adoption of mass production and standardization techniques, consumer demand for improved comfort, and the introduction of safety regulations aimed at enhancing the overall safety of motor vehicle seating and interior trim.

The motor vehicle seating and interior trim market size is expected to see strong growth in the next few years. It will grow to $327.6 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The anticipated growth in the forecast period can be attributed to several key factors, including the rise of electric and autonomous vehicles, the integration of connectivity and infotainment features, a growing focus on sustainability and eco-friendliness, an emphasis on improving user experience and comfort, and the demand for personalization and customization in motor vehicle seating and interior trim. Significant trends expected in the forecast period encompass the use of lightweight materials, the implementation of smart and adaptive interior features, the adoption of sustainable materials, advancements in infotainment and connectivity systems, and innovative seating designs to enhance the overall driving experience.

The escalating preference for Sport Utility Vehicles (SUVs) is a key driving force behind the growth of the motor vehicle seat and interior trim market. The allure of SUVs primarily rests on their comfortable seating and exquisite interior trim, spurring a heightened demand for improved and visually appealing vehicle seating and interior elements. Notably, utility vehicle sales in India surpassed a milestone of a million units (10 lakh units) for the first time from April 2020 to March 2021. Highlighting this trend, Hyundai reported a substantial surge in sales of its unique SUV, Creta, delivering over 12,284 units in November 2021 - an impressive 78% increase from the 6,900 sales figure in 2020. The global rise in SUV demand significantly contributes to the growth of the market for vehicle seating and interior trim.

The primary product categories within this sector include motor vehicle seating and motor vehicle interior trim. Motor vehicle interior trim refers to the materials used to enhance the aesthetics and appearance of the vehicle's interior. These materials can include genuine leather, synthetic leather, various fabrics, and polyurethane foam. Motor vehicle seating and interior trim find applications in a variety of vehicles, including passenger vehicles and commercial vehicles, serving to provide comfort and visual appeal to the interior space of these vehicles.

The motor vehicle seating and interior trim market research report is one of a series of new reports that provides motor vehicle seating and interior trim market statistics, including motor vehicle seating and interior trim industry global market size, regional shares, competitors with a motor vehicle seating and interior trim market share, detailed motor vehicle seating and interior trim market segments, market trends and opportunities, and any further data you may need to thrive in the motor vehicle seating and interior trim industry. This motor vehicle seating and interior trim market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Anticipated growth in shared mobility stands as a driving force propelling the motor vehicle seating and interior trim market. Shared mobility involves transportation services shared among users, typically facilitated by technological platforms. Enhanced vehicle seating and interior trim play a crucial role in shared mobility, elevating passenger comfort and aesthetics to accommodate frequent user turnover and varied clientele preferences. According to Jugnoo, a U.S.-based technology-driven on-demand ride-sharing platform, the global shared mobility market was valued at around USD 166.3 billion in 2021 and is forecasted to grow at a compound annual growth rate (CAGR) of 16.9% from 2022 to 2030. Hence, the expansion of shared mobility significantly drives the market for motor vehicle seating and interior trim.

The failure to meet the required quality standards of motor vehicle seating and interior trim parts stands as a significant impediment to market growth. Instances where car seats or interior trim components fail to meet the minimum safety requirements or pose safety risks often lead to recalls by manufacturers or regulatory bodies such as the US National Highway Traffic Safety Administration (NHTSA). These recalls not only pose safety risks but also result in substantial financial losses for manufacturers. A notable example is Toyota's 2022 recall of about 75,316 Tacoma crew cab pickup trucks due to concerns regarding improperly welded upper child-seat anchors. The risk of failing to meet quality standards negatively impacts the growth trajectory of the motor vehicle seating and interior trim market.

Companies within the motor vehicle seating and interior trim market are making substantial investments in utilizing sustainable materials for car interior trim, targeting buyers inclined toward eco-friendly living practices. Notably, manufacturers are embracing sustainable options to create interior trim parts that appeal to environmentally conscious consumers. Land Rover stands out as an example, introducing a line of leather-free and entirely vegan materials for its 2020 Range Rover Evoque, Range Rover Velar, and Jaguar I-Pace SUVs. The Evoque features a premium textile produced from eucalyptus fibers, known as eucalyptus melange, which consumes less water in its manufacturing process. Additionally, it incorporates a premium textile from Kvadrat, crafted from 53 recycled plastic bottles per car, coupled with Dinamica Miko suede cloth. This strategic shift toward sustainable materials in car interiors represents a major trend among companies operating in this market.

Major players in the motor vehicle seating and interior trim market are introducing technologically advanced smart seats, such as the Babyark Convertible Car Seat, in response to the demand for child safety. The Babyark Convertible Car Seat is an innovative child safety seat equipped with integrated IoT sensors, exemplifying cutting-edge technology to enhance child safety measures. Launched in May 2023 by Babyark, a U.S.-based manufacturer specializing in child car seats, this seat offers a comprehensive approach to child safety. It incorporates advanced materials such as carbon fiber and impact-absorbing polymer D3O. Notably, the seat integrates IoT technology, featuring 14 embedded sensors that provide real-time feedback on child safety through the Babyark app available on both Android and iOS platforms. The app functions to alert caregivers about accurate seat installation, child buckling, and potential incidents of a child left unattended in the vehicle. This new car seat caters to children weighing between four to 65 pounds, reflecting a significant innovation in child safety measures within the market.

In February 2023, CIE Automotive, a Germany-based manufacturer specializing in propulsion and drivetrain technology, completed the acquisition of Iber-Oleff Brasil, Ltda for an undisclosed amount. This strategic move by CIE Automotive aims to expand its market presence with major Asian OEMs in Brazil and strengthen its position with existing European and American OEMs. The acquisition is expected to leverage synergies with its Brazilian plastics division. Iber-Oleff Brasil, Ltda, a Brazil-based company manufacturing motor vehicle parts and accessories, specializes in functional modules for interior vehicles. This strategic acquisition stands as a significant step toward market expansion and fortification of the company's global position within the motor vehicle seating and interior trim industry.

Major companies operating in the motor vehicle seating and interior trim market include ContiTech AG, Magna International Inc., Hyundai Mobis Co. Ltd., Faurecia S.A., Tata Group, Toyoda Gosei Co. Ltd., Adient plc (formerly Johnson Controls International plc), Constellium SE, Aunde Group SE, International Textile Group Inc., Lear Corporation, Sage Automotive Interiors Inc., Delphi Technologies LLC, International Automotive Components Group North America LLC, Katzkin Leather Inc., Hyosung Corporation, Woodbridge Holdings Inc., Futuris Automotive Inc., Air Cruisers Company LLC, Technotrim Inc., Transportation Technologies Industries Inc., Yanfeng US Automotive Interior Systems I LLC, Nishikawa Rubber Co. Ltd., Dura Automotive Systems LLC, SaarGummi Group GmbH, Qinghe Huifeng Auto Fittings Co. Ltd., Wuhan Mingfeng Automotive Parts Co. Ltd., GST AutoLeather Inc.

Asia-Pacific was the largest region in the motor vehicle seating and interior trim market in 2023. Western Europe was the second largest region in the motor vehicle seating and interior trim market. The regions covered in the motor vehicle seating and interior trim market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the motor vehicle seating and interior trim market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The motor vehicle seating and interior trim market consists of sales of steering wheel lining, seat coverings, and glove compartment exteriors. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.