Automotive Upholstery Market Highlights:
The global automotive upholstery market includes Grammer AG (Germany), Lear Corporation (U.S), Faurecia (France), Adient PLC (U.S), Johnson Controls International Plc (Ireland), Grupo Antolin (Spain), Toyota Boshoku (Japan), Katzkin (U.S.), Seiren Co. (Japan), Borgers Se & Co. KGaA (Germany), Acme Mills Company (U.S.), Haartz Corporation (U.S.), and others.
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Automotive Upholstery Market Drivers and Restraints:
Automotive upholstery comprises the interior of a vehicle and includes carpet, seat covers, the trunk space, door insides, and the boot space. Automotive upholstery is primarily needed to provide comfort to the seated passengers and to provide a pleasant ambiance to the interiors of vehicles. It also aids in differentiating an automobile brand from its competitors by offering an added value like being more aesthetically pleasing or by offering more comfort. Market Research Future (MRFR) mentions in a published report that the global upholstery market is expected to grow at a striking CAGR of 9% during the forecast period between 2017 and 2023.
The factors identified to be responsible for the market growth are increasing demand of vehicle that holds large available variety, greater accessibility of raw material suppliers in the vicinity, increasing requirements of the customer due to the growing awareness about automobile interiors, roaring influence from the social media, cut-throat competition between competing firms in the automotive industry, and growing number affluent buyers.
However, the fluctuation pricing of the raw materials directly influences the overall production cost of upholstery. This can be a major constraint to the overall growth of the market, especially in today’s price sensitive landscape.
Global Automotive Upholstery Market Segments Analysis:
The automotive upholstery market segmentation is classified on the basis of application, type of fabric, material used, and vehicle type.
By application, the market includes seat cover, carpet flooring, visor linings, side lining, trunk space, and roof lining. The seat cover segment holds the maximum popularity among the consumers due to the availability of various customizable varieties.
By types of fabric, the market comprises knit, woven, and hand-crafted varieties of fabric.
By material used, the market segments into synthetic leather, cotton, hand woven material, leather, resin, and vinyl.
By vehicle type, the market divides into passenger cars and commercial vehicles.
Global Automotive Upholstery Market Regional Analysis:
The geographical segmentation of the global automotive upholstery market covers the following regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
The North American regional market holds the maximum share in the global landscape and spearheads the standings. The US contributes majorly to the overall growth of the North American region. This is due to the general use and popularity of using large SUVs in the US. The booming trend of owning large-sized personalized vehicles in the US is driving the demand of automotive upholstery market.
The European region is another key contributor to the global market of automotive upholstery. People in this region are known for their liking towards big and high-end vehicles boasting flashy interiors and other features. The demand for aesthetically pleasing upholstery has always been a key trend in the European region.
The Asia Pacific region is led by two key automotive hubs, namely India and China. This is projected to push the demand of automotive upholstery in this region. Being a global automobile superpower, Japan showcases a highly inclining demand for high-end upholstery. Another key factor behind the growth of the Asian market is the increasing purchasing power of the consumers and proliferating demand for technologically advanced vehicles.
Report Overview:
The report for Global Automotive Upholstery Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Industry Updates:
6th May 2019, Mahindra & Mahindra announced the launch of its face lifted TUV300. The model holds features like reverse camera, GPS navigation, 7.0-inch infotainment screen, telephony controls, and faux leather upholstery, among others, making it a must buy in the market.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 BARGAINING POWER OF SUPPLIERS
3.1.4 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
Continued…
List Of Tables:
Table 1 Automotive Upholstery Market: By Region, 2017-2023
Table 2 North America Automotive Upholstery Market: By Country, 2017-2023
Table 3 Europe Automotive Upholstery Market: By Country, 2017-2023
Table 4 Asia Pacific Automotive Upholstery Market: By Country, 2017-2023
Table 5 RoW Automotive Upholstery Market: By Country, 2017-2023
Table 6 Global Automotive Upholstery Market, By Application, By Regions, 2017-2023
Continued…
LIST OF FIGURES:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Automotive Upholstery Market SHARE, By Application, 2016 (%)
Continued…
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