COVID19:Global Automotive Upholstery Market is estimated to reach USD 7.5 Billion by 2027
Automotive Upholstery Market: Summary
The Global Automotive Upholstery Market is estimated to reach USD 7.5 Billion by 2027 at a CAGR of 5.6 %, observes forencis research (FSR).
In automotive, upholstery refers to the covering of the trims and seats of the interiors of the vehicle. It is used to enhance the interior look of the car and provide comfort to the passengers by using the right materials such as leather, flocked fabrics, polyester & nylon, wool, vinyl, and others. It includes covers for all the interior parts such as carpet, seat covers, floor mats, headliners, trims and others.
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Automotive Upholstery Market: Drivers & Restraints
Increasing Inclination Towards Luxury and Comfort
The main motive of using upholstery in automotive is to provide comfort and a pleasant ambiance of the vehicles’ interiors. Premium cars and mid-level cars use different automotive upholstery material making their vehicles more attractive and comfortable. 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.
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High Demand for Automotive Interior
Comfortable and impressive interior design is an important factor for customers to make purchasing decisions of any vehicle. Vehicle interior designs are more complex than exterior design due to features such as safety systems, tactile responses, and cost considerations. Automotive manufacturers are engaged in developing innovative technologies that would provide versatile interior designs. Also, a higher preference for durable materials such as real leather that provide a stylish look with a longer life span is projected to boost the demand for automotive interior.
Thus, the growing automotive interior is expected to drive the demand for the automotive upholstery market.
Fluctuating Raw Material Prices
Price fluctuations of oil, uncertain shortage, and supply tightness have significant impacts on manufacturers of raw materials such as thermoplastic polymers, synthetic leather, plastics, among others. 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.
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Automotive Upholstery Market: Key Segments
- On The Basis of Material: Leather, Flocked Fabrics, Polyester & Nylon, Wool, Vinyl, andOthers
- On The Basis of Fabric Type: Woven Fabric andNon-Woven Fabric.
- On The Basis of Application: Seat Covers, Automotive Interior Trims, Flooring, Seat Belts, and Others
- On The Basis of Sales Channel:Original Equipment Manufacturer (OEM) and
- On The Basis of Vehicle Type: Passenger Vehicles, Light Commercial Vehicle, andHeavy Commercial Vehicle.
- On The Basis of Regions: North America, Europe, Asia-Pacific, Middle East & Africa, andSouth America with individual country-level analysis.
Key Companies Covered
- Lear Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- TOYOTA BOSHOKU CORPORATION
- GRAMMER AG
- Adient plc.
- Grupo Antolin
- SEIREN Co., Ltd.
- Sage Automotive Interiors
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Flooring Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Automotive Upholstery Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Automotive Upholstery Market, by Material
- Flocked Fabrics
- Polyester & Nylon
Automotive Upholstery Market, by Fabric Type
- Woven Fabric
- Non-Woven Fabric
Automotive Upholstery Market, by Application
- Seat Covers
- Automotive Interior Trims
- Seat Belts
Automotive Upholstery Market, by Sales Channel
- Original Equipment Manufacturer (OEM)
Automotive Upholstery Market, by Vehicle Type
- Passenger Vehicles
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
Automotive Upholstery Market, by Region
- South Korea
- Rest of Asia-Pacific
- The Netherlands
- Rest of Europe
Middle East and Africa
- Saudi Arabia
- Rest of Middle East & Africa
- Rest of South America
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About Forencis Research
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