Market Research Report
Global Automotive Upholstery Market - 2019-2026
|Published by||DataM Intelligence||Product code||943898|
Delivery time: 1-2 business days
|Global Automotive Upholstery Market - 2019-2026|
|Published: June 23, 2020||Content info:||
Automotive upholstery is the craft covering of interior of vehicle with designed materials. The materials used as upholstery for decorating the vehicles with the help of leather, suede, fabric, synthetics, he cloth, leather, etc. The automotive upholstery provides highest level of reliability and fail-safe operation in the vehicle. Upholstery f0r automobile vehicles can be selected as per the requirement and available in different colors with higher UV resistance preferable for daily use vehicles.
Global Automotive upholstery market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The market is driven by the rising demand for comfortable driving of the vehicles with surge in the automotive sale around the globe. The automotive upholstery plays vital role for providing the safe, reliable and comfort driving without any disturbance. According to the International Organization of Motor Vehicle Manufacturers, the commercial vehicles including buses, light vehicles heavy trucks, and coaches were sold around 26 971331 number of units in 2018 and increased to 27016764 in 2019.
There is a rise in the launch of new fabrics, leather with highest comfort and easy to assemble design for the automotive upholstery may create huge opportunity for this market. For instance, in October 2018, Classic Brand had launched Decoro Brand's First fabric upholstery collection with a 16-piece fabric upholstery collection. These were made available in different designs including variety of traditional, mid-century modern and contemporary styles for millennial consumers.
The global automotive upholstery market is segmented based on product type, voltage capacity, application, end user, and region.
In terms of product type the global automotive upholstery market is bifurcated into seats, roof liners, dashboard door trim and others. Among this seats segment has the highest share owing to increase in the demand for heavy trucks, light commercial vehicles and passenger vehicles. According to the International Organization of Motor Vehicle Manufacturers in 2019, passenger vehicle has been registered around sale 64341693 number of units.
Similarly roof liners, and dashboard door trim segment is also growing at faster pace due to increase in adoption in the automotive vehicles. As this roof liners, and dashboard door trim are used in heavy and commercial vehicles for stylish living and comfortable driving.
In terms of material type, the global automotive upholstery market is segmented into vinyl, leather and others. Among this, leather segment has highest market share in 2019 owing to its characteristics like it provides warm in winter and cool in summer.
Similarly, vinyl material is also growing at faster pace due to its versatile properties like can be produced in almost any color ranging from opaque to crystal-clear.
By region, the global automotive upholstery market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, The Asia-Pacific region is dominated for Automotive upholstery market growth due to the growing demand for the automotive vehicles with presence of automobile manufacturing facility especially in countries such as China, India, and Japan. According to the International Organization of Motor Vehicle Manufacturers in 2019 Asia Pacific is the leading manufacturer for automotive vehicles with a share of around 40% in 2019. The organization also stated that in 2019, Asia Pacific has been registered sale of around 8043351 units of passenger vehicles which propel the growth of Automotive upholstery market. Furthermore, the increasing government initiatives and raising the global investment for providing manufacturing facilities of automotive vehicles in this region shall boost the demand for the automotive upholstery over the forecasted period. Several companies are shifting their manufacturing facilities of gearbox companies to Asia Pacific, Middle-East, and Africa region due to availability of low cost labor. The drastic market growth is expected to witness in countries such as China, India, and the UAE due to the rapid economic growth because of rise in adoption of industrialization in these countries.
North America is expected to grow at faster pace the global automotive upholstery market and expected to grow at the highest CAGR during the forecasted period due to presence of leading automotive manufacturer with surge in industrialization followed by Europe region.
The global automotive upholstery market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Seiren Co. Ltd, Designtex and Celliant, Acme Mills Company, Faurecia, Toyota Boshoku, Asahi Kasei, Lear Corporation, Sandler, CMI Enterprises. Martur Automotive Seating Systems, Haartz Grammer AG, are the leading market players with significant market share.
Major players are receiving launching fabrics materials with advanced upholstery for automobile industry. For instance, on 13th March 2020, Designtex and Celliant has been launched Upholstery fabrics range which made up of naturally occurring, thermo-reactive minerals with nonwoven backing to four fabrics available in fifty colours.
Companies are entering into the collaborations, acquisitions, mergers, and licensing for increasing their market penetration. For instance, on 15th March 2020, Adient a leading automotive upholstery fabric maker has been acquired by sell Asahi Kasei as in 2018 Asahi Kasei has been acquired for business in synthetic suede and leather of the car seats.
* The global Automotive upholstery marketreport will provide access to approximately 53 market data tables, 44 figures, and 178 pages.