Press Release

May, 02 2024

Adient, Faurecia S.A, Toyota Boshoku Corporation and Lear Corporation are Dominating the Market for Global Automotive Interior Materials Market In 2016

Global Automotive Interior Materials Market is expected to reach USD 139,006.94 million by 2024 from USD 56,150.00 million in 2016, at a CAGR of 12.1% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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The global automotive interior materials market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. Adient dominated the automotive interior materials market accounting for a highest market share in 2016, followed by Faurecia S.A, Toyota Boshoku Corporation and Lear Corporation. Other players in this market include are Grupo Antolin, Toyoda Gosei Co., ltd., Grammer AG, Sage Automotive Interiors, Borgers SE & CO. KGAA, Ntf India Pvt. Ltd., Dk-My Properties Sdn Bhd., Minda Industries Ltd. (subsidiary of UNO Minda), Celanese Corporation, Benecke-Kaliko AG, BASF SE, Sabic among others. Adient: Founded in 2016 and headquartered at Republic of Ireland. The company manufactures the seating and interior for the automobile industry. Adient is operating in 230 locations across 33 countries. Some of its subsidiaries include Johnson Controls, Hoover Universal, Inc., Adient Global Holdings Ltd., Johnson Controls, K.K., Adient US LLC, Jcim Us, Llc, Johnson Controls Holding S.a.s. and many more subsidiaries across the globe.  Lear Corporation: Founded in 1917 and headquartered at Southfield, Michigan, U.S. Lear Corporation is ranked 151 on the Fortune 500 with world-class products designed, engineered and manufactured. The company operates in two business segment namely seating and E-system. The seating segment of the company offers wide variety of products of automotive interior materials. The company is operating in 257 locations in 38 countries around the globe. Some of its subsidiaries include International Automotive Components Group LLC, Eagle Ottawa, LLC, Lear Automotive India Private, Lear Automotive Dearborn Inc, Kyungshin Lear Sales & Engineering LLC, LEAR CORP EEDS & INTERIORS, Integrated Manufacturing & Assembly LLC and many more subsidiaries across the globe. Recent Development: In August, 2017, Lear Corporation a leading global supplier of automotive seating and electrical systems will construct a new world-class automotive seat manufacturing facility in Flint, Michigan at the former site of the Buick City administration building. Faurecia S.A: Founded in 1997 and headquartered at Nanterre, France. Faurecia is a major player in the global automotive industry. The company operates in three business segments namely automotive seating, clean mobility and interior system. The company is preferred partner of the world's largest automakers, which value company operational excellence and technological expertise. The company is operates in more than 35 countries across the globe. Some of its subsidiaries include International Faurecia Emissions Control Technologies, USA, LLC, Faurecia USA Holdings, Inc., Faurecia Interior Systems Saline, LLC, Faurecia Interior Systems, Inc., Faurecia Sistemas Automotrices de Mexico SA de CV, Faurecia Abgastechnik Gmbh and many more subsidiaries across the globe.

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