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Automotive Interior Trim Parts Market Trends

  • Report ID: GMI6312
  • Published Date: Jun 2024
  • Report Format: PDF

Automotive Interior Trim Parts Market Trends

There is a growing trend of using sustainable alternatives in automotive interior trim parts industry. For instance, a 2023 report by the Society of Motor Manufacturers and Traders (SMMT) in the UK found that 88% of British motorists consider a car's environmental credentials when purchasing a new vehicle. Manufacturers are incorporating recycled plastics, bio-based materials, and vegan alternatives into their trim parts.
 

For instance, Stellantis, the world's fourth-largest automaker, announced in 2023 that it would use 100% recycled ocean plastics in its car carpets by 2025. Also, Volvo, a leader in sustainable car manufacturing, has announced to eliminate all leather from its vehicles by 2025, opting instead for sustainable alternatives such as recycled fabrics and bio-based materials. This trend toward sustainable interior trim parts not only caters to environmentally conscious consumers but also helps automakers reduce their environmental footprint and enhance their brand image as well.
 

Another trend is the integration of advanced technologies, propelling the automotive interior trim parts market. The rise of features, such as digital dashboards, gesture control interfaces, and automated driving systems, necessitates innovative trim parts that seamlessly integrate this technology. According to the Consumer Technology Association (CTA), 85% of car buyers in 2023 prioritized advanced features such as large touchscreens and voice assistants. This implies a surge in the demand for multifunctional trim parts.
 

Companies are embracing this trend by developing trim components that house displays, integrate haptic feedback systems, and even provide ambient lighting for a futuristic aesthetic. For example, BMW's iDrive system incorporates gesture control technology seamlessly embedded within the center console trim.
 

Additionally, consumers are increasingly seeking car interiors that reflect their unique style and preferences. According to the National Automobile Dealers Association (NADA), 42% of car buyers in the U.S. are willing to pay extra for customizable interior features. Therefore, to cater to this demand, manufacturers are offering a wider range of trim part options, with a greater variety of colors, textures, and finishes. Some automakers are even exploring innovative technologies such as 3D printing to allow for on-demand customization of trim parts. 
 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive interior trim parts reached USD 40.4 billion in 2023 and is set to witness 4.8% CAGR between 2024 and 2032, attributed to the expansion of the automotive industry.

The plastic segment garnered around USD 14.1 billion in 2023 and expected to reach around USD 21.4 billion by 2032, owing to the cost advantage and versatility of plastic automotive interior trim parts.

Europe market amassed around USD 12.4 billion in 2023 and is expected to reach around USD 19 billion by 2032, due to a well-established and powerful automotive industry.

Adient, Benecke-Kaliko AG, Borgers SE & Co. KGaA, Draexlmaier Group, Faurecia, Grupo Antolin, Grupo Kuo, GST AutoLeather, Inc, International Automotive Components (IAC) among others.

Automotive Interior Trim Parts Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 531
  • Countries covered: 21
  • Pages: 340
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