London, 27 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Automotive Upholstery Market 2014-2018, which is expected to grow at a CAGR of 10.50 percent during the period 2013-2018.
Automotive upholstery is a soft furnishing covering that is fixed to an automobile seat and is also known as trimmers, motor trimmers, or coach trimmers. The Global Automotive Upholstery market is highly dependent on the automotive industry and the current fashion trends. The upholstery manufacturers focus on extending features such as quality, durability, light weight, and comfort in their products.
“Increased collaboration between vehicle and automotive upholstery manufacturers is a key trend emerging in the Global Automotive Upholstery market,” says Faisal Ghaus, Vice President of TechNavio.
“Many vehicle manufacturers are entering into agreements with automotive upholstery manufacturers to supply automotive seats with springs, foam, and upholstery. Such vendors can also tap into the Aftermarket.”
Key Market Drivers
- Demand for Automotive
- Need to Replace Old and Damaged Upholstery
- Growing Used Automotive Market
- Growth in Emerging Markets
Key Market Trends
- Increased Market Consolidation
- Increased Collaboration among Vehicle and Automotive Upholstery Manufacturers
- Growing Aftermarket Segment
Key Market Vendors
- CMI Enterprises Inc.
- Johnson Controls Inc.
- SMS Auto Fabrics
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
