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Global Automotive Upholstery Market 2021: By Fabric Type, Non-Woven Fabric, Woven Fabric, By Application, Carpets, Dashboards, Roof liners, Seat covers, Sun visors, Trunk liners, By Vehicle Type (Light-Duty Vehicles, Heavy-Duty Vehicles), By Material (Textiles, Leather, Plastics, Smart fabrics, Synthetic leather, Thermoplastic polymers), By Integrated technology (Conventional, Smart seats, Ventilated)The Global The Global Automotive Upholstery market size was valued at USD $6.39 Billion in 2020, USD $6.83 Billion in 2021, forecasted to reach USD $7.28 Billion in 2022, and is projected to reach USD $12.22 Billion by 2030, and is anticipated to expand at a CAGR of 6.73% over the forecast period from 2020 to 2030. Global Automotive Upholstery Market is the title of an upcoming research report by Trusted Business Insights. Key factors have been studied, analyzed, and assessed. Data and information after an in-depth study, have been presented in a well-planned format, resulting in a comprehensive and detailed report. Segmentation of revenue, regions, and countries are included along with driving factors of revenue growth, restraints, as well as opportunities in untapped regions and economies. Detailed information about key players is presented in the company profiles section, as well as recent developments, strategies, acquisitions & mergers, etc.
OverviewUpholstery is the work of providing furniture, particularly seats with springs, padding, fabric or leather covers and webbing. With respect to automobiles, it serves as an integral part of a vehicles interior layout.
DynamicShifting consumer preferences for quality upholstery for their vehicles interior is a major factor driving market growth. A significant number of consumers tend to spend on the installation of premium upholstery while purchasing a vehicle to make its interior appear attractive. Automotive makers prefer to use fine quality fabrics for the upholstery of a new variant or car model to complement and enhance the vehicles features. Owing to this, the revenue of the global upholstery market is expected to grow at a significant rate over the years to come. The rising demand for automobiles in recent years has led to a surge in its production. Purchasing a car has become a necessity and there has been a steady increase in sales over the years. On account of increasing sales of vehicles, the automotive upholstery market is expected to witness significant revenue growth. The demand for premium automotive interiors is gaining traction among consumers with increasing preferences for lightweight automotive materials as well as non-fabric materials for automotive upholstery. The use of leather upholstery is currently increasing among consumers due to its high durability and resilience. Apart from the utility features, leather upholstery enhances the overall appearance of a cars interior. Such qualities coupled with consumer preferences are leading OEM and automotive makers to increase the production of leather upholstery and offer the same at reasonable prices in the market. The demand for automotive upholstery is also expected to increase with the rise in the number of passenger vehicles being manufactured.
Segment Analysis:By Application: The seat covers segment is expected to account for increasing sales and generating higher revenue shares when compared to other segments over the next ten years. This is due to the increasing demand for upholstery material meant for the manufacture of seat covers. By Material: The synthetic leather segment is expected to continue to account for the majority revenue share when compared to the other material segments. This can be attributed to its easy affordability and the eco-friendly manufacturing processes of synthetic leathers.
Regional Analysis:The market in the Asia Pacific region is expected to account for the majority revenue share of the global automotive upholstery market. The development of automobile sectors in countries such as China, India and South Korea in recent years is a prominent factor that is contributing to the growth of this market in the region. The rising demand for luxury cars in these countries will also subsequently lead to exponential market growth. In addition, China has the largest market for raw materials such as propylene, polyester, and nylon, and is a primary exporter of these raw materials to many countries across the globe for the production of upholstery. Other factors such as increasing per-capita incomes and improving living standards are also contributing to market growth in the region. The market in North America is projected to index significant growth over the next 10 years due to the increasing production and sales of automobiles, especially in recent years.
Below are the active patents related to Automotive Upholstery Market.Patent Number: EP1752573A3 Upholstery for vehicle seat Abstract The invention relates to a padding (5) for a passenger seat (1), in particular an aircraft seat, comprising at least one layer (7, 26) through a textile surface (8) of threads (9 to 11) and / or these threads (9 to 11) forming fibers is formed. The textile surface (8) is at least partially formed by a spacer fabric of at least two mutually distanced layers (12, 13) and extending therebetween pile threads, the textile surface (8) at least partially with a support frame (6) is connectable. The textile surface (8) is at least partially associated with at least one functional element (19). Type: Grant Filed: 2006-08-04 Date of Patent: 2007-06-06 Assignee : Greiner PURtec GmbH
Below are the leading companies profiled in this Automotive Upholstery Market Report:
Chapter 1 Methodology and Scope