“Global Automotive Upholstery Market to reach a market value of USD 10.7 Billion by 2031 growing at a CAGR of 7.3%”
The Global Automotive Upholstery Market size is expected to reach $10.7 billion by 2031, rising at a market growth of 7.3% CAGR during the forecast period.
The automotive upholstery market in the Asia Pacific region is one of the most rapidly expanding segments of the global automotive industry. Thus, the Asia Pacific region acquired 38.2% revenue share in the market 2023. Various factors drive this growth, including increasing vehicle production, rising consumer incomes, and a growing preference for luxury and comfort in vehicle interiors. The region's diverse economic landscape and rapid urbanization contribute to the robust demand for automotive upholstery.
The automotive upholstery market encompasses various materials, including leather, fabric, synthetic leather, and advanced composites, each offering unique comfort, durability, and aesthetic appeal. As vehicle production scales up, so does the need for these materials.
Additionally, developing stain-resistant, waterproof, and easy-to-clean fabrics address practical concerns, making vehicle maintenance easier for owners. Thus, technological advancements in upholstery materials and manufacturing techniques drive significant growth in the market.
However, Key materials such as leather, synthetic fabrics, and advanced textiles are subject to price volatility due to various factors, including fluctuations in global supply chains, geopolitical tensions, and changing trade policies. Leather, for instance, is influenced by the cost of cattle and the energy-intensive and environmentally regulated processes involved in its treatment. Hence, the high cost of raw materials poses a persistent challenge to the market.
Based on vehicle type, the market is segmented into passenger cars and commercial vehicles. The commercial vehicles segment acquired 33% revenue share in the market in 2023. As commercial vehicles are integral to the logistics, transportation, and services sectors, there is a heightened focus on durability and comfort in their interiors to ensure driver well-being and efficiency.
On the basis of application, the market is classified into seat covers, carpets, dashboards, and others. The seat covers segment acquired 41.8% revenue share in the market in 2023. This growth is primarily driven by increased consumer demand for comfort and aesthetics in vehicle interiors.
By sales channel, the market is divided into OEM and aftermarket. The aftermarket segment garnered 35.4% revenue share in the market in 2023. This segment benefits from a diverse range of products, including seat covers, carpets, and dashboard covers, that cater to various consumer preferences and budgets.
Based on material type, the market is characterized into leather, vinyl, polyester, nylon, and others. The polyester segment garnered 33% revenue share in the market in 2023. Polyester's dominance can be attributed to its versatility, affordability, and excellent performance.
Free Valuable Insights: Global Automotive Upholstery Market size to reach USD 10.7 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment witnessed a 30% revenue share in the market in 2023. This growth is fueled by the region's strong automotive industry, characterized by high consumer demand for advanced and customized vehicle interiors.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 6.1 Billion |
| Market size forecast in 2031 | USD 10.7 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 7.3% from 2024 to 2031 |
| Number of Pages | 262 |
| Number of Tables | 449 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Vehicle Type, Application, Sales Channel, Material Type, Region |
| Country scope |
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| Companies Included | Woodbridge Foam Corporation (The Woodbridge Group), Forvia SE, TOYOTA BOSHOKU CORPORATION, Asahi Kasei Corporation, SEIREN Co., LTD., Adient plc, BASF SE, Freudenberg SE, The Haartz Corporation and GRAMMER AG |
By Vehicle Type
By Application
By Sales Channel
By Material Type
By Geography
This Market size is expected to reach $10.7 billion by 2031.
Rising automotive production and sales are driving the Market in coming years, however, Substantial cost of raw materials restraints the growth of the Market.
Woodbridge Foam Corporation (The Woodbridge Group), Forvia SE, TOYOTA BOSHOKU CORPORATION, Asahi Kasei Corporation, SEIREN Co., LTD., Adient plc, BASF SE, Freudenberg SE, The Haartz Corporation and GRAMMER AG
The expected CAGR of this Market is 7.3% from 2023 to 2031.
The Passenger Cars segment is leading the Market by Vehicle Type in 2023, thereby achieving a market value of $7.1 billion by 2031.
The Asia Pacific region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,169.4 million by 2031.
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