The increasing demand for lightweight automotive materials is the crucial aspect of the rise in the market revenue, as well as the growing demand for advanced technologies and customized automotive interiors will foster market growth.
JERSEY CITY, N.J., Feb. 21, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Automotive Upholstery Market" By Fabric Type (Non-woven Fabric, Woven Fabric), By Application (Carpets, Dashboards, Seat Covers, Roof Liners), By Integrated Technology (Conventional Seats, Smart Seats, Ventilated Seats), and By Geography. According to Verified Market Research, the Global Automotive Upholstery Market size was valued at USD 5.51 Billion in 2020 and is projected to reach USD 9.37 Billion by 2028, growing at a CAGR of 6.8% from 2021 to 2028.
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Browse in-depth TOC on "Automotive Upholstery Market"
202 - Pages
126 - Tables
37 - Figures
Global Automotive Upholstery Market Overview
The automotive upholstery industry growth is influenced by the increase in 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 the large-scale introduction of autonomous vehicles in developed countries. Moreover, the huge spending ability of the end-users leading to humungous demand for vehicles is projected to drive market trends.
Apparently, breakthroughs and the addition of innovative features within the automotive manufacturing sector are predicted to open gateways for the players to explore new market growth phases over the forecast period. Additionally, the altering staple costs and enforcement of stringent government laws for minimizing emissions of hazardous air pollutants has resulted in the launching of the latest products within the industry. This will further embellish the expansion rate of the market over the forthcoming years.
Key Developments
- In March 2017, Toyota Boshoku Corporation and TACHI-S CO., LTD. have signed a business partnership agreement to boost their corresponding competitiveness in the global automobile Upholstery market.
- In March 2020, Adient, a leading automotive upholstery fabric maker, was acquired by offer Asahi Kasei. Asahi Kasei was acquired for its business in synthetic suede and leather car seats.
- In March 2020, Designtex and Celliant have launched a selection of upholstery fabrics made of natural sources, thermo-reactive minerals with nonwoven support, and obtainable in fifty colour schemes.
Key Players
The major players in the market are Grammer AG, Toyota Boshoku Corporation, Adient PLC, Faurecia S.A., Lear Corporation, Grupo Antolin Irausa, S.A, Seiren Co., Ltd, Sage Automotive Interiors, Acme Mills Company, and Martur Automotive Seating Systems.
Verified Market Research has segmented the Global Automotive Upholstery Market On the basis of Fabric Type, Application, Integrated Technology, and Geography.
- Automotive Upholstery Market, By Fabric Type
- Non-woven Fabric
- Woven Fabric
- Automotive Upholstery Market, By Application
- Carpets
- Dashboards
- Seat Covers
- Roof Liners
- Others
- Automotive Upholstery Market, By Integrated Technology
- Conventional Seats
- Smart Seats
- Ventilated Seats
- Automotive Upholstery Market By Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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