The Europe Automotive Upholstery Market would witness market growth of 7.1% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Automotive Upholstery Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $625.5 million by 2031. The UK market is exhibiting a CAGR of 6.2% during (2024 - 2031). Additionally, The France market would experience a CAGR of 7.9% during (2024 - 2031).
The growing discretionary budgets of consumers and the shifting lifestyles of consumers have resulted in an increased taste for luxury automobiles, which are frequently outfitted with inside materials of very high quality.
Moreover, according to data from the International Energy Agency (IEA), the industry for luxury vehicles has been expanding, with luxury car sales reaching new heights in various regions. This growth in the luxury segment underscores the importance of premium upholstery materials in attracting and retaining customers in this highly competitive market.
The European automotive upholstery market is a significant sector within the automotive industry, driven by the region's strong emphasis on luxury, sustainability, and innovation. As per the data from the International Energy Agency, after the surge in 2020, electric vehicle sales in Europe increased by over 65 percent annually to 2.3 million in 2021. Norway (86 percent), Iceland (72 percent), Sweden (43%), and the Netherlands (30 percent) were expected to hold the largest market shares for new electric vehicle sales in Europe in 2021, followed by France (19 percent), Italy (9 percent), and Spain (8%).
Free Valuable Insights: The Global Automotive Upholstery Market will Hit 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Vehicle Type
By Application
By Sales Channel
By Material Type
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 