Automotive Upholstery Market Size Analysis
The global automotive
upholstery market Size is predicted to
develop at a healthy 9% CAGR between 2023- 2032. Automotive upholstery, simply
put, includes the car interiors such as trunk space, boot space, carpet, the
door insides, and seat covers, among others. Its key function is to offer
passengers the needed comfort and also offer a pleasurable ambiance of the
interiors.
They are manufactured of different materials like
resin, vinyl, handwoven material, leather, cotton, and synthetic leather and
have wide applications in visor linings, carpet flooring, trunk space,
sidelining, carpet flooring, and seat cover. Handcrafted varieties, woven, and
knit are its different fabric types, and commercial & passenger cars are
the different vehicle types.
Various factors are fueling the automotive
upholstery market growth. As per the MRFR analysis, these comprise the
burgeoning need for cars, availability of huge varieties, growing customer
needs, rising awareness about automobile interiors, breakneck competition among
top automotive industry players, and higher proximity of raw material
suppliers.
Additional factors boosting market growth comprise
the growing influence from the media, rise in affluent buyers, demand for
advanced automotive interiors and automotive technologies, demand for
lightweight materials, & availability of numerous non-fabric substitutes
for automotive upholstery.
On the flip side, the current COVID-19 pandemic
and the volatile raw material price may deter the global automotive upholstery
market growth during the forecast period.
Automotive Upholstery Key Players
- Adient PLC
(U.S)
- Lear
Corporation (U.S.)
- Toyota
Boshoku (Japan)
- Faurecia
(France)
- Katzkin
(U.S.)
- Johnson
Controls International Plc (Ireland)
- Grammer AG
(Germany)
- Haartz
Corporation (U.S.)
- Borgers Se
& Co. KGaA (Germany)
- Acme Mills
Company (U.S.)
- Grupo Antolin
(Spain)
- Seiren Co.
(Japan)
Automotive Upholstery Market
Segmentation
The automotive upholstery market has been
bifurcated on the basis of type of material, type of fabric, application, and
vehicle type.
The market by application is bifurcated into visor
linings, carpet flooring, trunk space, sidelining, carpet flooring, and seat
cover. Among these, the seat covers application segment will spearhead the
market over the forecast period.
The market by type of fabric is bifurcated into
handcrafted varieties, woven, and knit.
The market by type of material is bifurcated into
resin, vinyl, hand woven material, leather, cotton, and synthetic leather.
Among these, the synthetic leather material segment will stay at the forefront
in the market over the forecast period.
The market by vehicle type is bifurcated into
commercial & passenger cars. Among these, the passenger car vehicle type
segment will lead the market during the forecast period.
Automotive Upholstery Regional
Analysis
Geographically, the global automotive
upholstery market share has been bifurcated into
the Asia Pacific (APAC), Europe, North America, & the Rest of the World
(RoW). Of these, North America will dominate the market over the forecast
period for the growing preference for large SUVs, rising sales as well as
production of cars, and trend to own personalized cars in the US.
In Europe, the automotive upholstery market will
have the second-largest share during the forecast period for burgeoning demand
for upholstery, preference for luxurious cars having flashing components, need
for aesthetically appealing upholstery, and demand for high-end and big
cars.
In the APAC region, the automotive upholstery
market is predicted to have notable growth over the forecast period for surging
need for upholstery in China and India, Japan being the worldwide car
superpower, strong inclination towards high-end upholstery, demand for cars
that are technologically advanced, increased purchase power, increased
production of cars, and need for luxury cars.
In the RoW, the automotive upholstery market is
predicted to have steady growth during the forecast period.
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