According to the latest report by IMARC Group, titled “Automotive Upholstery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global automotive upholstery market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global automotive upholstery market size reached us$ 6.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 9.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.37%during 2023-2028.
Automotive upholstery refers to the process of recovering a seat, reupholstering, and trimming the interior of vehicles. It includes the use of various materials such as nylon, leather, microsuede, vinyl, faux leather, Ultrasuede, and polyvinyl chloride (PVC). It is used to repair carpets, center consoles, door insides, roof covers, trunk space, and floor and seat coverings.
It also helps to make the seat durable, provide a better aesthetic, save money, prevent tears and rips, maintain car value, offer comfort, reduce odor, repair damages, and offer resistance to moisture, chemicals, stain, and abrasion. As a result, automotive upholstery is gaining immense traction for repairing heavy commercial vehicles (HCV), passenger cars, and light commercial vehicles (LCVs) across the globe.
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The market is primarily driven by the growing awareness about the benefits offered by automotive upholstery, such as enhanced driving posture and improved driving experience. In addition, rapid urbanization, the rising disposable incomes of the masses, and the increasing customization demand for commercial and personal vehicles are contributing to market growth.
Moreover, the widespread adoption of luxury vehicles with improved features, premium upholstery, better safety arrangements, and comfortable interiors is also contributing to the market growth. Besides this, with various innovations and technological advancements in the automotive industry, market players are expanding their product portfolio, representing another major growth-inducing factor. Furthermore, the shifting consumer preference for non-woven fabrics, as they are reliable, economical, and require less maintenance, is also providing a positive thrust to the global market growth.
Global Automotive Upholstery Market 2023-2028 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Antolin Irausa S.A., Katzkin Leather Inc., Lear Corporation, Martur Automotive Seating Systems, MarvelVinyls, Morbern, Sage Automotive Interiors, Seiren Co. Ltd, The Haartz Corporation and Toyota Boshoku Corporation.
Breakup by Upholstery Materials:
- Automotive Textiles
- Smart Fabrics
- Synthetic Leather
- Thermoplastic Polymers
Breakup by Fabric Type:
Breakup by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
Breakup by Sales Channel:
Breakup by Application:
- Roof Liners
- Seat Covers
- Sun Visors
- Trunk Liners
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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Key Questions Answered in the Global Automotive Upholstery Market Report
• How has the global automotive upholstery industry performed in the past and how will it perform in the near future?
• What is the impact of COVID-19 on the global automotive upholstery market?
• What are the key regions in the global automotive upholstery industry?
• What are the major driving factors and challenges in the global automotive upholstery market?
• What is the structure of the global automotive upholstery industry and who are the leading players?
• What is the degree of competition in the market?
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