According to a new report, published by KBV research, The Global Automotive Upholstery Market size is expected to reach $10.7 billion by 2031, rising at a market growth of 7.3% CAGR during the forecast period.
The Passenger Cars segment is leading the Global Automotive Upholstery Market by Vehicle Type in 2023, thereby achieving a market value of $7.1 billion by 2031. This dominance is largely attributed to the sheer volume of passenger cars in the global vehicle market and the increasing consumer demand for enhanced comfort and aesthetics in personal vehicles. As car buyers become more discerning, there is a growing emphasis on high-quality interiors, driving the demand for premium upholstery materials and innovative design features.
The Carpets segment is anticipating a CAGR of 7.5% during (2024 - 2031). Automotive carpets contribute to noise reduction, which improves the overall driving experience, making them a key component for vehicle interiors. The increasing focus on hygiene and cleanliness has spurred demand for easy-to-clean carpet materials, appealing to consumers who prioritize a clean and comfortable vehicle environment. Additionally, the rise in sales of luxury and premium vehicles, which often feature high-quality and customized carpets, has further propelled this segment's growth.
The OEM segment dominated the Global Automotive Upholstery Market by Sales Channel in 2023, thereby, achieving a market value of $6.6 billion by 2031. As vehicle manufacturers continue to enhance their models' overall appeal and functionality, the need for superior upholstery that aligns with brand standards and consumer expectations has intensified. OEMs prioritize upholstery that not only complements the aesthetic design of their vehicles but also meets stringent safety and durability requirements. Its market dominance has been further enhanced by the incorporation of cutting-edge technologies and materials, including eco-friendly alternatives and intelligent fabrics, into OEM upholstery.
The Vinyl segment is registering a CAGR of 6.6% during (2024 - 2031). Vinyl is well-known for its durability, ease of maintenance, and affordability. These attributes make it popular for manufacturers and consumers looking for practical, long-lasting upholstery options. Vinyl upholstery is particularly favored in commercial vehicles, such as taxis and delivery vans, where the interior is subject to frequent use and potential spills. The material's ability to withstand harsh conditions and its ease of cleaning contribute to its growing popularity.
Full Report: https://www.kbvresearch.com/automotive-upholstery-market/
The Asia Pacific region dominated the Global Automotive Upholstery Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,169.4 million by 2031. The North America region is experiencing a CAGR of 6.9% during (2024 - 2031). Additionally, The Europe region would showcase a CAGR of 7.1% during (2024 - 2031).
By Vehicle Type
By Application
By Sales Channel
By Material Type
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