"Market Intelligence for High-Geared Performance"
The various application of fabrics, leather quality and lightweight materials for interior seat or seat covers within the vehicle like cars and other automotive is termed as automotive upholstery. Additionally, the automotive upholstery industry is expected to experience traction over the forecast period with interior design or styles of cars is now becoming the distinguishing feature for premium cars within a couple of years ahead.
The increase in vehicle production, with increased end-user demand for personalised automotive with comfortable interiors, are expected to drive the growth of the market. Also, with the implementation of autonomous vehicles in the North American region the market is expected to experience a boost. Furthermore, with enormous spending ability of the end-users in the developing countries is expected to lead to a huge demand for vehicles which eventually drives the growth of the market.
However, the changing prices of raw materials and the severe government regulations and rules for reducing hap emissions are expected to hamper the growth of the global automotive upholstery market
Key Market Driver -
Increased production and sales of vehicles globally and increased adoption of autonomous vehicles are some of the major factors driving the growth of the market.
Key Market Restraint -
the severe government regulations and rules for reducing hap emissionsthe severe environmental rules and regulations across the , globe and changing prices of raw materials are some of the major restraints for the market.
The global automotive upholstery market is segmented by material type, by sales channel, by product and by region. Based on material type the market is further sub-segmented into woven and non-woven. Among these, non-woven material type is expected to account for the largest market share in the year 2020 and it is expected to continue its dominance over the forecast period. The easy availability and comparatively cheap cost of non-woven upholstery are expected to drive the growth of the market. Non- woven upholstery are more reliable, require less maintenance and are economical in nature. Non-Woven fabrics have a wider range of usage as compared to woven material which is expected to drive the growth of the market.
Based on the sales channel the market is segmented into OEM and Aftermarket. The OEM segment is estimated to account for the largest market share in the year 2020 and it is expected to dominate the market during the forecast period with a rapid CAGR. the increase in demand for customization and rise in disposable incomes are some of the major factors driving the growth of the market.
Based on application the market is segmented into dashboards, Seats, roof liners and door trim. The seats and seat cover segment is estimated to account for the largest market share in the year 2020 and it is expected to dominate the market during the forecast period with a rapid CAGR. the increased sales of automotive especially in developing countries are one of the major factors driving the growth of the market. Also, seat covers use the utmost fabrics in an automotive application.
Major players operating in the global automotive upholstery market include Faurecia SE, Lear Corporation, AdientG PLC, Toyota Boshoku Corporation, Seiren Co. Ltd., Grammer AG, Acme Mills Company, Martur Automotive Seating Systems, and Sage Automotive Interiors, among other payers.
Geographically, the global automotive upholstery market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia-Pacific region held the largest share of the market in 2020 and it is expected to dominate the market during the forecast period with the highest CAGR. The increased sales in the automotive market due to the loosened restrictions on the second-hand automobile market are expected to boost the rural sales of the vehicle. Also, due to the increasing demand for vehicles in the countries such as China and India are expected to boost the growth of the market.
North America is estimated to be the second-largest region for the market. the increase in sales of electric vehicles and luxury vehicles is one of the major factors driving the growth of the market. Europe is estimated to account for significant market share over the forecast period. The easy availability of raw materials and increased demand for a modification in the aftermarket are some of the major factors driving the growth of the market.
To gain extensive insights into the market, Request for Customization
By Material Type
By Sales Channel
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry