Automotive upholstery refers to the job of covering interior sections of a vehicle, such as the seats, doors, carpet, and boot space, with padding and fabric or leather covers. To enhance the interiors of a car and provide comfort, various types of materials are utilised for automotive upholstery. Many people utilize numerous types of car upholstery to make their vehicles' interiors more appealing and comfortable.
MARKET SCOPE
The "Global Automotive upholstery Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automotive upholstery market with detailed market segmentation by integrated technology, vehicle type, and geography. The report provides key statistics on the market status of the leading automotive upholstery market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on integrated technology, the global automotive upholstery market is segmented into conventional seats, smart seats and ventilated seats.
? On the basis of vechicle type, the market is segmented into light dusty vehicle and heavy duty vehicle.
MARKET DYNAMICS
Drivers:
? The demand for customized interior in vehicles is rising which is boosting the growth of the market.
? The popularity of lightweight car upholstery materials is also propelling the market forward, as lightweight automobiles are more fuel efficient. Also, the fact that premium automobiles and mid-level customers are selecting for leather fabric for their vehicle interiors is expected to support market growth.
Restraints:
? The market's expansion is being stifled by fluctuating raw material costs. There are also low-cost alternatives on the market, which could stifle expansion. Changes in raw material import and export laws and pricing are also projected to limit market growth throughout the projection period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive upholstery market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive upholstery market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE UPHOLSTERY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the automotive upholstery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from automotive upholstery market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive upholstery in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive upholstery market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? Acme Mills Company
? Adient PLC
? Borgers SE
? Faurecia S.A.
? The Haartz Corporation
? Lear Corporation
? MARTUR FOMPAK International
? Sage Automotive Interiors
? Seiren Co., Ltd.
? Toyota Boshoku Corporation