Automotive Upholstery Market - Global Forecast to 2025
Dublin, March 05, 2018 (GLOBE NEWSWIRE) -- The "Automotive Upholstery Market by Application (Carpets, Dashboards, Roof Liners, Seat Covers, Sun Visors & Trunk Liners), Upholstery Materials, Fabric Type (Non-woven & Woven), Integrated Technology, Vehicle Type, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Automotive Upholstery Market is Estimated to Be USD 4.65 Billion in 2017 and is Projected to Grow at a CAGR of 6.59% During the Forecast Period, to Reach a Market Size of USD 7.74 Billion By 2025.
Automotive upholstery market is directly driven by the global vehicle production. The market size is anticipated to grow with the vehicle production growth, especially in automotive hubs such as China and the US. The demand for cross overs and SUVs is on the high in North America. Passenger cars, cross overs, and SUVs utilize maximum volume of automotive upholstery. The growing trend of owning large vehicles in the US is driving the demand for automotive upholstery.
Consumers are increasingly demanding luxurious upholstery in vehicles. Luxury variants of pick up vans and MUVs in North America are offered with leather upholstery as an optional fit. This car segment is primarily led by the demand for technologically advanced cars in developed countries such as the US, Germany, the UK, and emerging markets such as China and Brazil that have an increasing number of affluent buyers. The automotive upholstery market is dependent on raw materials such as polypropylene and polyurethane. Fluctuation in the prices of these raw materials can hamper the growth of the automotive upholstery market.
Light duty vehicles that include, hatchbacks, sedans, SUV, pick up vans, and MUVs are estimated to account for the largest share of the automotive upholstery market. In comparison to heavy duty vehicles (trucks and buses), that utilize automotive upholstery only in the driver's cabin space, the light duty vehicles utilize automotive upholstery across the vehicle length and breadth. The market growth in the light duty segment can be attributed to the growing demand for passenger cars across the world and the consumer's shifting interest from owning sedans to owning cross overs and SUVs. These vehicles offer more capacity, seat more passengers, better fuel economy and attractive interior and exterior design. Automakers are catering to this shift in consumer trends by launching cross over variants. China, India, and the US remain key SUV markets, hence key markets for automotive upholstery in interior applications.
The penetration of non-woven fabrics in automotive upholstery application is on the rise. However, automotive upholstery remains a largely woven fabric type industry. Woven fabrics are used in dashboards, seat covers, and sun visors. The main upholstery application in automobiles is seat covers. Seat covers upholstery materials are majorly flat woven fabrics and pile woven fabrics. The different types of fibers which are mainly used in seating include nylon, polyester, polypropylene, and wool. These woven fabrics have high performance characteristics, can withstand higher exposure to daylight and ultra violet radiation. They are abrasive and have reduced flammability. Major automotive fabric producers such as Toyota Boshoku Corporation (Japan), Adient PLC (Ireland), and Lear Corporation (US) manufacture woven fabrics for automotive upholstery.
Asia Oceania is the fastest growing automotive upholstery market. The region includes countries such as China and India that have emerged as key automotive production hubs. China also houses various automotive upholstery raw materials suppliers and dominates the global pricing of these raw materials. The demand for automotive upholstery in this region is driven by the growing vehicle production in this region.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Upholstery Market, By Application & Region
7 Automotive Upholstery Market, By Application & Material Type
8 Automotive Upholstery Market, By Fabric Type
9 Automotive Upholstery Market, By Integrated Technology
10 Automotive Upholstery Market, By Vehicle Type
11 Competitive Landscape
12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/c8trsl/automotive?w=12
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Related Topics: Automotive Interior Components, Automotive Seats and Components, Automotive Materials
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