Global automotive upholstery market expected to surpass US $41 billion by 2019, says Technavio

Renewable energy


This industry research report offers market segmentation and growth forecast of the global automotive upholstery market by 2019. This market research report includes an insightful industry analysis based on OEMs and aftermarket segments of the market. The leading vendors analysed by the report include CMI, Johnson Controls, Katzkin Leather, and Toyota.

Technavio has released a new market research report on global automotive upholstery market, which is expected to grow at a CAGR of around 11% between 2015 and 2019. The rising demand for comfort, aesthetics, and safety within automobiles has augmented the usage of upholstery for the interiors and exteriors of automobiles. APAC has emerged as the key market for the overall automotive industry and for automotive upholstery at the production level. The region will dominate the global market for automotive upholstery, owing to the rising number of automobiles in China, India, South Korea, and Japan.

“Several vendors are shifting towards low VOC-emitting materials like resin that emits less volatile organic compounds (VOC), thereby providing a better driving experience. Countries such as South Korea, China, and Japan are implementing norms to measure and control the automotive interior air quality by controlling emissions from instrument panel, vehicle cockpit, automotive upholstery, and plastic seals employed in the interiors of the vehicles,” says Sriram Mohan, Lead Analyst, Automotive, Technavio Research.

In recent years, the application of upholstery in the automotive industry has broadened. Besides being used on automotive seats, trunk liners, seat belts, and floors, it is used in insulating material, column padding, airbags and cladding, under shields, anti-rattle pads, and outer wheel arch liners. Upholstery is gaining prominence in applications related to safety, comfort, acoustics, low emissions, and fuel economy in automobiles.

The key vendors in the global automotive upholstery market include CMI, Johnson Controls, Katzkin Leather, and Toyota. The market is highly competitive with several new upholstery materials being introduced to improve the quality and durability. Upholstery manufacturers are likely to invest more and increase their focus on extending features such as quality, durability, light weight, and comfort to expand in this market.

A more detailed analysis is available in the Technavio report, Global Automotive Upholstery Market 2015-2019.

We can customize this reports by other regions and specific segments upon request.

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