Automotive Upholstery Market

Global Automotive Upholstery Market Size, Share & Trends Analysis Report By Vehicle Type (Passenger Cars and Commercial Vehicles), By Application, By Sales Channel (OEM and Aftermarket), By Material Type, By Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-23380 Publication Date: July-2024 Number of Pages: 262
2023
USD 6.1 Billion
2031
USD 10.7 Billion
CAGR
7.3%
Historical Data
2020 to 2022

Market Report Description

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.

Automotive Upholstery Market Size - Global Opportunities and Trends Analysis Report 2020-2031

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.

Driving and Restraining Factors
Automotive Upholstery Market
  • Rising automotive production and sales
  • Advancements in upholstery materials and manufacturing
  • Expansion of Electric Vehicles (EVs)
  • Substantial cost of raw materials
  • High level of competition
  • Growth in luxury vehicle segment
  • High demand for aftermarket segment for automotive upholstery
  • Labor shortages and rising labor costs
  • Changing consumer preferences and trends

Vehicle Type Outlook

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.

Application Outlook

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.

Automotive Upholstery Market Share and Industry Analysis Report 2023

Sales Outlook

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.

Material Type Outlook

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

Regional Outlook

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.

Automotive Upholstery Market Report Coverage
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
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
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
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List of Key Companies Profiled

  • 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
  • GRAMMER AG

Automotive Upholstery Market Report Segmentation

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

By Application

  • Seat Covers
  • Carpets
  • Dashboards
  • Others

By Sales Channel

  • OEM
  • Aftermarket

By Material Type

  • Polyester
  • Vinyl
  • Nylon
  • Leather
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA
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