Automotive Upholstery Industry Global Market Size, Share, Trends Forecast To 202
Posted by Abhijeet Bendre on November 16th, 2018
Automotive Upholstery Market Size, Share, Trends, Growth 2018 Global Industry Report” published by Market Research Future. Automotive Upholstery Market analysis by Material (leather, synthetic leather, hand woven material, cotton, resin, vinyl), Type of Fabric (woven, knit, hand crafted) Application (carpet flooring, side lining, seat cover, trunk space, visor linings, roof lining), Vehicle type (passenger car and commercial vehicle), and Region Forecast To 2023.
Some of the key players in the automotive upholstery market are Lear Corporation (U.S.), Adient PLC (U.S), Toyota Boshoku (Japan), and Faurecia (France), Johnson Controls International Plc (Ireland), Katzkin (U.S.), Grammer AG (Germany), Acme Mills Company (U.S.), Borgers Se & Co. KGaA (Germany), Grupo Antolin (Spain), Haartz Corporation (U.S.), and Seiren Co. (Japan).
The factors that are responsible for the growth of the automotive upholstery market are increased vehicle demand in the market with large available variety, increased customer requirement due to awareness about automobile interiors, greater proximity of raw material suppliers in the vicinity, breakneck competition between competing automotive firms, influence from popular media, and an increase in the number of affluent buyers. While the automotive upholstery is more or less customizable, the biggest factor in the decision making is the pricing point of the overall system and the fitment cost involved. The fluctuating cost of raw materials directly affects the overall production cost of the upholstery production. This, in turn, affects the demand for the upholstery, especially in a price sensitive market. The global automotive upholstery market is expected to grow at a CAGR of ~9% during the forecast period 2017-2023.
On the basis of the region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. In the North America market (especially U.S.), people generally tend to use large SUVs. This upward trend of owning large personalized vehicles in the U.S. is driving the importance and usage of the automotive upholstery market. The Europeans are well known for their liking towards big and high-end automobiles with flashy interiors. Thus aesthetically appealing upholstery has always been in the demand in the European market. In case of the Asia Pacific region, the two automotive hubs – India and China show a strong future projected demand for upholstery. Japan being the global automobile superpower since decades always shows a strong inclination for high-end upholstery. The primary reason for this is the increased purchase power of the Asians and greater likening towards technologically advanced vehicles.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Stud
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
For more information on this Automotive Upholstery Industry – Global Market Report @ https://www.marketresearchfuture.com/reports/automotive-upholstery-market-5676
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About the AuthorAbhijeet Bendre
Joined: February 20th, 2018
Articles Posted: 604
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