The USA automotive and aircraft interior genuine leather aftermarket is anticipated to thrive at an average CAGR of 3.5% between 2023 and 2033. The market is expected to have a market share of US$ 11.79 billion by 2033 while it is likely to be valued at US$ 8.36 billion in 2023.
- Rising per capita income is increasing the living standard of people, pushing them to add comfort to their already existing luxuries. This fuels the demand for automotive and aircraft interior genuine leather in the United States region.
- The advanced fixing tools along with the customization are available for different automotive and aircraft. Furthermore, the increased sales of aircraft interior accessories are garnering a growth rate for the region
- The latest climate-controlled seats and vehicle temperature control systems are also pushing manufacturers and end users to gain traction in the market. The awareness about the different grades of leather such as full-gran leather and top-grain leather is expected to transform the market space.
- The lack of OEM infrastructure with aftermarket seating solutions offering better and customized leather fitting at affordable rates is the key growth driver for the market.
- The aviation industry is also trying to deliver comfort and safety to its passengers. Hence, the application of leather provides ultimate comfort to the end user.
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Key Points:
- The United States market is a leading region for automotive and aircraft interior genuine leather aftermarket in terms of market share in the region. The growth climbs up the ladder through different drivers such as an increased number of aftermarket producers, custom leather stack installation, and high penetration of premium cars and aircraft.
- The automotive segment is leading the end-user segment as it thrives at a CAGR of 3.0% between 2023 and 2033. The growth is attributed to the high number of vehicles as compared to aircraft. Also, different grades, prices, and quality measurement makes the segment dynamic and experimental.
- Based on the automotive end user, the passenger cars sub-segment leads with a CAGR of 3.5% between 2023 and 2033. Restoration of the travel and tourism industry along with the increased use of cars and transport automation has fueled the growth of this segment.
Competitive Landscape:
The key vendors work on better quality, enhanced fitting, and better support. Also, the players are integrating with the OEM producers as third-party leather interior solutions. Key competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.
Key Players
- Lear Corporation.
- WOLLSDORF LEDER SCHMIDT & Co. Ges.m.b.
- Bader GmbH & Co. KG
- Leather Resource Of America Inc.
- Katzkin Leather, Inc.
- Hydes Leather.
- Carroll Leather.
- Alea Leather Specialist Inc
- Danfield Inc.
- Townsend Leather Company, Inc.
- Perrone Aerospace
- Moore and Giles.
- Spectra Interior Products.
Recent Market Developments:
- Lear Corporation has won the General Motors 2022 Supplier of the Year Award. It recognizes the global suppliers that distinguish themselves by reaching out to the GM’s requirements. This is the 22nd time that Lear Corporation has won this award.
- Danfield Inc. has introduced its natural and luxurious leather hides such as upholstery leather, vegetable-tanned leather, etc.
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USA Automotive and Aircraft Interior Genuine Leather Aftermarket: Segmentation
By End-Use:
- Automotive
- Passenger Cars
- Compact
- Subcompact
- Mid-Size
- Sedan
- Luxury
- Van
- LCV
- HCV
- Passenger Cars
- Aviation (Aircraft)
- Narrow Body Aircraft
- Wide Body Aircraft
- Regional Jets
- Business Jets
- Helicopter
By Application:
- Automotive
- Upholstery
- Dashboard
- Seat belts
- Airbags
- Floor & trunk carpets
- Headliners
- Others
- Aviation (Aircrafts)
- Bottom Covers
- Backrests
- Seat Rear Pockets
- Headrests
- Armrests
By Country:
- The United States
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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