Automotive Upholstery Market To Reach USD 7.5 Billion In 2027 | CAGR 5.6% — Forencis Research

  • According to the new market research report “AUTOMOTIVE UPHOLSTERY MARKET by Material (Leather, Flocked Fabrics, Polyester & Nylon, Wool, Vinyl and Others) by Fabric Type (Woven Fabric and Non-Woven Fabric) by Application (Seat Covers, Automotive Interior Trims, Flooring, Seat Belts, and Others) by Sales Channel (Original Equipment Manufacturer (OEM) and Aftermarket) by Vehicle Type (Passenger Vehicles, LCV, HCV ) by Region (Asia Pacific, North America, Europe, Middle East & Africa, and South America) — Global Forecast from 2020 To 2027”, the global automotive upholstery market is estimated to reach USD 8.2 Billion in 2027 at a CAGR of 6.7% during forecast period 2020–2027.
  • Increasing inclination towards luxury and comfort is expected to drive the automotive Upholstery market during the forecast period.
  • However, fluctuating raw material prices are expected to restrain the market during the forecast period.
  • The motive for automotive upholstery is to provide comfort and a pleasant ambiance of the vehicles’ interiors. Based on vehicles model and preference towards upholstery styles, different seat covers are used. Thus, increasing inclination towards luxury and comfort is expected to drive the automotive upholstery market during the forecast period.
  • Comfortable and impressive interior design is an important factor for customers to make purchasing decisions of any vehicle. Automotive manufacturers are engaged in developing innovative technologies that would provide versatile interior designs. Thus, the high demand for automotive interiors is expected to drive the demand for the automotive upholstery market.
  • Lack of constant supply of raw materials results in increasing raw material prices which, escalates the overall product price. Thus, fluctuating raw material prices is a restraining factor for global market growth during the forecast period.
  • Rising demand for non-woven fabrics is expected to open up new growth avenues for the automotive upholstery market in the near future.
  • Maintaining a total volatile organic compound (TVOC) emission rates are likely to act as a challenge for market growth.
  • Asia-Pacific
  • Europe
  • Lear Corporation:
  • TOYOTA BOSHOKU CORPORATION:

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