LAMEA Automotive Upholstery Market

LAMEA 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 Country and Growth Forecast, 2024 - 2031

Report Id: KBV-23384 Publication Date: July-2024 Number of Pages: 121
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Market Report Description

The Latin America, Middle East and Africa Automotive Upholstery Market would witness market growth of 8.4% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA Automotive Upholstery Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $188.6 million by 2031. The Argentina market is showcasing a CAGR of 9.1% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 8.1% during (2024 - 2031).

LAMEA Automotive Upholstery Market

Technological advancements have also been pivotal in driving the growth of the automotive upholstery market. Innovations in material science have led to the development of new upholstery materials that are lighter, more durable, and environmentally friendly.

Moreover, using advanced manufacturing techniques, such as 3D knitting and automated sewing, has improved the efficiency and precision of upholstery production, enabled greater customization, and enhanced the overall performance of upholstery materials.

The LAMEA market is expected to grow steadily, driven by economic development, rising consumer incomes, and evolving preferences towards luxury and sustainability. Manufacturers that can innovate and meet these demands will be well-positioned to succeed in this diverse and dynamic market. Brazil’s significant automotive production capacity, coupled with rising consumer incomes, is a primary driver. According to the International Energy Agency, just over 2.6 million light-duty vehicles (LDVs) were sold in Brazil in 2019, reflecting a steady increase from previous years. This growth in vehicle production naturally leads to higher demand for automotive upholstery materials.

Free Valuable Insights: The Worldwide Automotive Upholstery Market is Projected to reach USD 10.7 Billion by 2031, at a CAGR of 7.3%

Based on Vehicle Type, the market is segmented into Passenger Cars and Commercial Vehicles. Based on Application, the market is segmented into Seat Covers, Carpets, Dashboards and Others. Based on Sales Channel, the market is segmented into OEM and Aftermarket. Based on Material Type, the market is segmented into Polyester, Vinyl, Nylon, Leather, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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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

LAMEA 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 Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
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