Malaysia Automotive Interior Materials Market is projected to register a steady CAGR in the forecast period of 2019 to 2026. The new market report contains data for the historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026
Access Full Report at https://databridgemarketresearch.com/reports/malaysia-automotive-interior-materials-market
Drivers: Malaysia Automotive Interior Materials Market
- The increased demand for interior styling, cabin comfort and other convenient features in an automobile
- Low usage life of synthetic leather due to deterioration leads to timely replacement of the leather seats ultimately increasing shares
Restraint:
- Limited availability of locally produced materials increases cost of materials in Malaysia
OPPORTUNITY:
- Incorporation of green technology in the automotive industry
CHALLENGE:
- Changing demand-supply spectrum of raw materials is creating hurdles in production dynamics
Market Trends:
Malaysia automotive interior materials market is segmented into three notable segments which are type, vehicle type and application:
- On the basis of type, the market is segmented into leather, thermoplastic polymers, fabric, plastic, metal, composite and others. Plastic is dominating the market.
- On the basis of vehicle type, the market is segmented into passenger vehicles, light commercial vehicles (LCV), heavy weight commercial vehicles (HCV) and others
- On the basis of application, the market is segmented into seating, dashboards, airbag & seat belt, door panel, carpet & headliner, interior trim, IVI system, child seat, noise cancellation and others
Competitive Analysis: Malaysia Automotive Interior Materials Market
The key market players for Malaysia automotive interior materials market are listed below:
- TOYOTA BOSHOKU CORPORATION
- Adient plc
- Lear Corporation
- Celanese Corporation
- APM Automotive Holdings Berhad
- Robert Bosch GmbH
- BASF SE
- SABIC
- Continental Corporation
- Faurecia
