Malaysia Automotive Interior Materials Market is expected to reach USD 307.74 million by 2026 in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.
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The automotive interior material is a highly concentrated market which includes key players and local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to the growing demand of automotive interior materials in automotive industry due to rising number of advanced models of products. The manufacturing of different auto parts and accessories from Malaysia to the international worldwide countries is mainly for the passenger vehicles since development in interior design of passenger vehicles is more in requirement when compared to luxury cars as they already are manufactured with high end technology implementation.
The market has witnessed developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technology. For instance, in August 2018, the company has innovated new products that would provide a stress and accident free driving. The innovative products made by the company include turn warning, blind-spot recognition, predictive emergency braking, lane assistants and digital instrument cluster. Such new products will help the company to penetrate more into the market.
Robert Bosch GmbH dominated the Malaysia automotive interior materials market. The other key players existing in the market includes TOYOTA BOSHOKU CORPORATION, Adient plc, Lear Corporation, Celanese Corporation, APM Automotive Holdings Berhad, SABIC Faurecia and others.
Robert Bosch GmbH:
Robert Bosch GmbH headquartered in Baden-Württemberg, Germany was founded in 1896. The company focuses on providing services in automation, connectivity, electrification and energy efficiency. The company operates through five business segments which include mobility solutions, consumer goods, industrial technology, energy & building technology and all other segments.
The mobility solutions dealt in the production of powertrain solutions, chassis systems, automotive electronics, automotive steering, car multimedia and others. Consumer goods included power tools. Industrial technology included drive & control technology and packaging technology. Energy & building technology included building technologies, thermotechnology and global service solutions. The other segments included the outside industries.
- In August 2018, the company has innovated new products that would provide a stress and accident free driving. The innovative products made by the company include turn warning, blind-spot recognition, predictive emergency braking, lane assistants and digital instrument cluster. Such new products will help the company to penetrate more into the market.
It has its global networks in Europe, Asia, Americas and Others. It operates through its subsidiaries such as Bosch Healthcare Solutions GmbH (Germany), Robert Bosch Venture Capital GmbH (Germany), BSH Hausgeräte GmbH (Germany), Bosch Energy Storage Solutions LLC (United States), Bosch Software Innovations GmbH (Germany), among others.
BASF SE:
BASF SE headquartered in Brussels, Belgium was founded in 1863. The company is engaged in on advanced materials and specialty chemicals business. The company has four operating divisions namely, advanced materials, advanced formulations, performance chemicals, corporate and business services.
Chemicals business segment manages petrochemicals, monomers and intermediates divisions. Performance products segment covers four divisions: dispersions & pigments, care chemicals, nutrition & health and performance chemicals divisions. Functional materials & solutions operate in catalysts, construction, chemicals, coatings and performance materials divisions. Agricultural Solutions comprises agriculture solution only.
- In September 2017, the company presented their innovative solutions at Internationale Automobil Ausstellungv (IAA) held in Frankfurt, Germany. The company presented two unique special polyamides that are used for car interiors namely, Ultrasim and Ultramid. Such shows will help the company to build a name in the market.
It has its global networks in North America, Asia Pacific, Europe, South America, Africa and Middle East. The company has various subsidiaries such as BASF Coatings (Germany), Wintershall (Germany), Cognis (Germany), Engelhard (USA), PCI Augsburg GmbhH (Germany), BASF Japan (Japan), BASF India Lt d (India and others
Continental AG:
Continental AG is headquartered in Hanovar, Germany founded in 1871. Continental AG operates through five major strategic business units which include Tiers, Interiors, Chassis & Safety, Powertrain and Conti Tech.
Tiers include Passenger and Light Truck Tire Original Equipment, Commercial Vehicle tires, Two-Wheel Tires and others. The interiors included Body & Security, Commercial Vehicles & Aftermarket, Infotainment & Connectivity and Instrumentation & Driver HMI. The Chassis & safety includes Advanced Driver Assistance Systems, Hydraulic Brake Systems, Passive Safety & Sensorics and Vehicle Dynamics. The powertrain includes Engine Systems, Fuel & Exhaust Management, Hybrid Electric Vehicle, Sensors & Actuators and Transmission. The Conti Tech includes Air Spring Systems, Benecke-Hornschuch Surface Group, Conveyor Belt Group, Industrial Fluid Solutions, Mobile Fluid Systems, Power Transmission Group and Vibration Control.
- In 2016, the company got award for its Cargo Compartment Covers. The product is manufactured in their Stolzenau plant of Benecke-Hornschuch Surface Group. Such awards will help the company to gain a name in the market.
The company has a wide geographical presence in Americas, Asia, Europe and MEA. It operates through its subsidiaries such as CAS-One Holdinggesellschaft mbH (Germany), CPT Industriebeteiligungs GmbH & Co. KG (Germany), CAS-One Holdinggesellschaft mbH (Germany), Continental Caoutchouc-Export-GmbH (Germany), Continental Reifen Deutschland GmbH (Germany), ContiTech Kühner Beteiligungsgesellschaft mbH (Germany) and others.
