AutomotiveUpholstery Market Analysis
As per the latestanalysis by Market Research Future (MRFR), the global automotive upholsterymarket is predicted to develop at a healthy 9% CAGR between 2017- 2023.Automotive upholstery, simply put, includes the car interiors such as trunkspace, boot space, carpet, the door insides, and seat covers, among others. Itskey function is to offer passengers the needed comfort and also offer apleasurable ambiance of the interiors. They are manufactured of differentmaterials like resin, vinyl, handwoven material, leather, cotton, and syntheticleather and have wide applications in visor linings, carpet flooring, trunkspace, sidelining, carpet flooring, and seat cover. Handcrafted varieties,woven, and knit are its different fabric types, and commercial & passengercars are the different vehicle types.
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Various factors arefueling the automotive upholstery market growth. As per the MRFR analysis,these comprise the burgeoning need for cars, availability of huge varieties,growing customer needs, rising awareness about automobile interiors, breakneckcompetition among top automotive industry players, and higher proximity of rawmaterial suppliers. Additional factors boosting market growth comprise thegrowing influence from the media, rise in affluent buyers, demand for advancedautomotive interiors and automotive technologies, demand for lightweight materials,& availability of numerous non-fabric substitutes for automotiveupholstery.
On the flip side, thecurrent COVID-19 pandemic and the volatile raw material price may deter theglobal automotive upholstery market growth during the forecast period.
MarketSegmentation
The automotive upholsteryindustry has been bifurcated on the basis oftype of material, type of fabric, application, and vehicle type.
The market byapplication is bifurcated into visor linings, carpet flooring, trunk space,sidelining, carpet flooring, and seat cover. Among these, the seat coversapplication segment will spearhead the market over the forecast period.
The market by type offabric is bifurcated into handcrafted varieties, woven, and knit.
The market by type ofmaterial is bifurcated into resin, vinyl, hand woven material, leather, cotton,and synthetic leather. Among these, the synthetic leather material segment willstay at the forefront in the market over the forecast period.
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The market by vehicletype is bifurcated into commercial & passenger cars. Among these, thepassenger car vehicle type segment will lead the market during the forecastperiod.
RegionalAnalysis
Geographically, theglobal automotive upholstery market has been bifurcated into the Asia Pacific(APAC), Europe, North America, & the Rest of the World (RoW). Of these,North America will dominate the market over the forecast period for the growingpreference for large SUVs, rising sales as well as production of cars, andtrend to own personalized cars in the US.
In Europe, theautomotive upholstery market will have the second-largest share during theforecast period for burgeoning demand for upholstery, preference for luxuriouscars having flashing components, need for aesthetically appealing upholstery,and demand for high-end and big cars.
In the APAC region, the automotiveupholstery market size is predicted to have notable growth over theforecast period for surging need for upholstery in China and India, Japan beingthe worldwide car superpower, strong inclination towards high-end upholstery,demand for cars that are technologically advanced, increased purchase power,increased production of cars, and need for luxury cars.
In the RoW, theautomotive upholstery market is predicted to have steady growth during theforecast period.
KeyPlayers
Prominent contendersprofiled in the automotive upholstery market report comprise Katzkin (U.S.),Haartz Corporation (U.S.), Lear Corporation (U.S.), Acme Mills Company (U.S.),Toyota Boshoku (Japan), Grupo Antolin (Spain), Adient PLC (U.S), Borgers Se& Co. KGaA (Germany), Faurecia (France), Seiren Co. (Japan), Grammer AG (Germany),and Johnson Controls International Plc (Ireland).
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Market Research Future(MRFR) is a global market research firm that takes great pleasure in itsservices, providing a detailed and reliable study of diverse industries andconsumers worldwide. MRFR's methodology integrates proprietary information withdifferent data sources to provide the client with a comprehensive understandingof the current key trends, upcoming events, and the steps to be taken based onthose aspects.
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