Global Automotive Upholstery market accrued earnings worth approximately 7.84 (USD Billion) in 2019 and is set to record a CAGR of about 6.77% over the period from 2020 to 2026.
The global Automotive Upholstery market accrued earnings worth approximately 7.84 (USD Billion) in 2019 and is set to record a CAGR of about 6.77% over the period from 2020 to 2026. The report offers assessment and analysis of the Automotive Upholstery market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
Introduction
Manifold utilization of lightweight materials, fabrics, and leather quality for interior chairs or seats in the vehicle like cars is termed as automotive upholstery. Furthermore, the automotive upholstery industry is likely to gain traction over the forthcoming years with interior style or design of cars becoming the differentiating aspect for premium cars within the couple of years ahead. Diverse consumer trends across countries like the U.S. and China as well as many countries of Europe is likely to force manufacture premium vehicles have exquisite, fashionable, advanced, high quality, well-designed, and visually appealing automotive upholstery. This is predicted to unlock new growth avenues for automotive upholstery market over the years to come.
Details of the Report:
Report Metric |
Details |
Base Year |
2019 |
Historical Data |
2017 and 2018 |
Forecast period |
2020-2026 |
Market Representation |
Earnings provided in terms of USD Billion and CAGR estimated from 2020 to 2026 |
Segments Analyzed |
By Material, By Fabric Type, By Vehicle Type, By Integrated Technology, By Application, and By Region |
Regions Analyzed |
North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa |
Market Growth Dynamics
The automotive upholstery industry growth is influenced by the rise in the vehicle production, end-user demand for comfort, and personalized automotive interiors. Apart from this, the automotive upholstery market is likely to be favorably impacted due to large-scale introduction of autonomous vehicles in the developed countries. Moreover, huge spending ability of the end-users resulting in humungous demand for vehicles is projected to drive market trends.
Apparently, breakthroughs and addition of innovative features in the automotive manufacturing sector is predicted to open gateways for the players to explore new market growth phases over the forecast period. Additionally, the altering raw material costs and enforcement of stringent government laws for minimizing emissions of hazardous air pollutants has resulted in launching of new products in the industry. This will further embellish the growth rate of the market over the forthcoming years.
North America To Account a large pie of the Global Market Share By 2026
The regional market growth over the forecast timeline is owing to surge in the huge demand for vehicles in the countries like the U.S. and Canada. Apart from this, massive popularity of self-driven cars and electric & hybrid cars in these countries will further prompt the regional market growth over the forecast timeline.
Key players profiled in the report include Martur Automotive Seating Systems, Grammer AG, Lear Corporation, Adient PLC, Faurecia S.A., Grupo Antolin Irausa S.A., Toyota Boshoku Corporation, Borgers Se & Co. KGaA, Acme Mills Company, Haartz Corporation, Sage Automotive Interiors, and Seiren Co., Ltd.
The global automotive upholstery market is segmented as follows:
By materials
By fabric type
By Fabric Type
By integrated technology
By application
By Region
FrequentlyAsked Questions
The key growth drivers that will leverage the business space globally with massive demand for premium vehicles with unique interior designs & comfort along with large-scale vehicle production across the globe.
The CAGR of the industry is expected to be nearly 6.77% during the forecast timeline.
North America will contribute lucratively towards the global market value over the estimated timeline.
The key market participants include Adient PLC, Sage Automotive Interiors, Toyota Boshoku Corporation, Borgers Se & Co. KGaA, Lear Corporation, Martur Automotive Seating Systems, Grammer AG, Acme Mills Company, Grupo Antolin Irausa, S.A., Haartz Corporation, Faurecia S.A., and Seiren Co., Ltd.
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