The USA automotive and aircraft interior genuine leather aftermarket is anticipated to expand its roots at an average CAGR of 3.5% during the forecast period. The market is likely to hold a revenue of USD 8.36 billion in 2023 while it is anticipated to cross a value of USD 11.79 billion by 2033.
The research report on the USA automotive and aircraft interior genuine leather aftermarket states that the market has witnessed an upward trend in the sales of premium vehicles. Furthermore, the end users are installing different leather elements in their vehicles and aircraft to add luxury to them.
Different aircraft companies are also installing aftermarket leather elements to enrich the passenger experience. Alongside this, the increased sales of vehicles with rising per capita income is another important factor contributing toward increasing the sales of aftermarket genuine leather elements. People owning their own small aircraft are also flourishing the demand for aftermarket genuine leather elements such as genuine leather car seats.
The vendors produce leather that is easily fitted, durable, and reliable. These leather coatings have different grades and prices. The transition to leather upgrades in passenger cars and newly bought aircraft are fueling the demand for automotive and aircraft interior genuine leather solutions in the United States. The growth of average-grade leather is high as 100% leather takes high maintenance.
USA automotive and aircraft interior genuine leather aftermarket analysis explains the high costs associated with OEM leather additions. Furthermore, advanced manufacturing and fitting techniques are also fuelling the demand for full-grain leather and top-grain leather solutions for automotive and aircraft interiors.
Affordable prices, high customization, increased consumption, and discounts on bulk spending are fuelling market growth. Furthermore, the market growth also fuels other additional markets such as the leather repair gel market and leather polishing gel market along with other aircraft interior accessories.
Attributes | Details |
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Aftermarket CAGR (2023 to 2033) | 3.5% |
Aftermarket Size (2023) | USD 8.36 billion |
Aftermarket Size (2033) | USD 11.79 billion |
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Short-term Growth (2023 to 2026): The increased sales of the premium vehicles and personal aircraft are flourishing the demand for genuine leather for automotive and aircraft. Furthermore, the climate-controlled automotive seats that keep the temperature in control are fuelling the demand for automotive and aircraft interior genuine leather. The market is expected to hold USD 8.36 billion in 2023 while it is likely to reach USD 9.27 billion by 2026.
Mid-term Growth (2026 to 2029): This period is going to thrive through the increasing density of premium vehicles and the hard-cold winters in the United States. Furthermore, the advanced fitting measures along with different grades and quality of leather used is delivering a list of options to end users. Thus, the brands are constantly following the new automotive and aircraft to launch customized genuine leather for them. This takes a market value from USD 9.27 billion in 2026 to a value of USD 10.28 billion in 2029.
Long-term Growth (2029 to 2033): New leather plants work under sustainable procedures and get different approvals from compliance agencies. These also help in certifying the quality and price of the aftermarket interior leather solutions. Thus, the USA automotive and aircraft interior genuine leather aftermarket is anticipated to thrive at a steady CAGR of 8.5% between 2023 and 2033.
The high cost associated with OEM interior leather or leather-based first-hand products is pushing people to go for the aftermarket fitting. This option is affordable while the increasing number of people owning or renting aircraft for different operations fuels the market growth.
The premium jet aircraft used for VIP movements such as businessmen, politicians, and celebrities includes a whole leather interior. It works as an insulator and adds premium fabric touch to it. The increased production, supply, and different quality grades are diversifying the end-user applications, and garnering market growth.
The increasing per capita income of the United States citizen along with the rising trends are garnering market growth for automotive and aircraft interiors in the region.
Some of the key restraints for the USA automotive and aircraft interior genuine leather aftermarket are the lack of fitting, adulteration, low reliability, and small period of warranty. Furthermore, people buying premium and expensive vehicles are likely to choose the OEM interior genuine leather solutions.
The vegan movement and certain government compliances also push end users to use any alternative to leather in their automotive and aircraft.
High Affordability, Increased Preference for Comfort fuels the Market Growth in the Region
The United States automotive and aircraft interiors genuine leather aftermarket is a prominent market. What makes it a noticeable market is its dominance over other regions. This is due to the high penetration of automobiles and private aircraft. Furthermore, there is fuelling demand for leather seat covers, arms rest, and other tools because of the affordable rates, high comfort, and enhanced fitting.
With the advent of new technologies in the automobile and aviation sector, several OEMs are aligning the production of leather with the prevailing trends in the market to sustain their positions, though these OEMs are costly and don’t fit into the end user’s budget.
The launch of electric and hybrid vehicles and the use of climate-controlled automotive seats in them are expected to boost the demand for genuine interior leather during the forecast period. Moreover, increasing consumer preference toward vehicle aesthetics, style, comfort, and safety might continue propelling sales over the forecast period.
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Category | By End User |
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Leading Segment | Automotive (Passenger Car) |
CAGR (2023 to 2033) | 3.0% |
Based on end-user type, the automotive segment leads in the USA automotive and aircraft interior genuine leather aftermarket. It thrives on a CAGR of 3% between 2023 and 2033. Furthermore, the increasing sales of premium cars along with the advanced synthetic leather products have contributed to flourishing segmental growth.
The passenger car segment is estimated to be valued at nearly USD 3,072.6 million in 2021 and is likely to reach a valuation of nearly USD 4,366.8 million by 2031, expanding at a 3.5% CAGR during the assessment period. There are rising travel requirements and expanding demand for lightweight vehicles and small leather tools.
The key players focus on delivering genuine leather aftermarket solutions with perfect fitting and integration with the vehicle. Furthermore, the compact vehicle interior properties and follow-up with the latest technologies are a part of the business strategy. The competitors also aim at providing comfort and durability to the vehicle.
Market players in the USA automotive and aircraft interior genuine leather aftermarket are working on three significant strategies such as:
Market Developments:
The USA automotive and aircraft interior genuine leather aftermarket held a value of USD 8.07 billion in 2022.
The market holds a value of USD 8.36 billion in 2023.
The USA automotive and aircraft interior genuine leather aftermarket is anticipated to hold a share of USD 11.79 billion by 2033.
The USA automotive and aircraft interior genuine leather aftermarket is expected to have a steady CAGR of 3.5% by 2033.
Based on end-user type, the automotive segment leads in the USA automotive and aircraft interior genuine leather aftermarket as it thrives at a CAGR of 3% between 2023 and 2033.
The passenger vehicle segment leads with a leading CAGR of 3.5% during the forecast period in the USA automotive and aircraft interior genuine leather aftermarket.
Estimated Market Size (2024E) | USD 23.1 billion |
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Projected Market Value (2034F) | USD 37.3 billion |
Value-based CAGR (2024 to 2034) | 4.9% |
Base Year Market Value (2023) | USD 93.9 billion |
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Projected Year Market Value (2033) | USD 414.5 billion |
CAGR (2023 to 2033) | 16% |
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