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Automotive Upholstery - Global Market Trajectory & Analytics

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    Report

  • 461 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4804385

FEATURED COMPANIES

  • Auto Textile SA
  • CMI Enterprises
  • Gruppo Mastrotto SpA
  • Katzkin Leather, Inc.
  • Lear Corporation
  • Marvel Vinyls Limited

Global Automotive Upholstery Market to Reach US$5.2 Billion by the Year 2026


Automotive textile consumption stands at an unbelievable 1,50,000 tons per annum in Western Europe, closely followed by USA and Japan. It is estimated that an average car uses twelve to fourteen kilograms of textiles. Most of it is used for carpets, door liners, roof and seat cover and some for other parts of the vehicle. Automobile upholstery market is poised to grow with the need for better safety and comfort for seat covers. Considering the time spent driving every day, car interiors are being improved to give living room comfort and wellness. Improved textiles have been developed to have micro encapsulation effect, high heat capacity, luminosity, reflectivity, antibacterial effects and temperature dependent air permeability. With this, the use of such textiles in mid-range vehicles is poised to increase from 20 kilograms to 35 kilograms, with a decrease in overall weight of vehicle due to other factors. Polyester or PET is the fabric used to a great extent until now but this is bound to decline due to the demand for fibers such as aramid, viscose (rayon, polyamide (PA) and Polypropylene (PP)). Women customers often have unique needs such as smart storage, easy to park, minimum maintenance and customized interiors, providing huge opportunities for car interior customization.

Amid the COVID-19 crisis, the global market for Automotive Upholstery estimated at US$3.7 Billion in the year 2022, is projected to reach a revised size of US$5.2 Billion by 2026, growing at a CAGR of 6.6% over the analysis period. Synthetic Leather, one of the segments analyzed in the report, is projected to grow at a 5.5% CAGR to reach US$1.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Thermoplastic Polymers segment is readjusted to a revised 6.9% CAGR for the next 7-year period. This segment currently accounts for a 22.6% share of the global Automotive Upholstery market.

The U.S. Market is Estimated at $747.5 Million in 2022, While China is Forecast to Reach $1.2 Billion by 2026


The Automotive Upholstery market in the U.S. is estimated at US$747.5 Million in the year 2022. The country currently accounts for a 19.3% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$1.2 Billion in the year 2026 trailing a CAGR of 9.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 3.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR while Rest of European market (as defined in the study) will reach US$1.4 Billion by the end of the analysis period.

Leather Segment to Reach $1.1 Billion by 2026


Leather represents the preferred choice of automakers for premium models owing to its stylish, luxurious and durable nature. Leather represents the preferred choice of automakers for premium models owing to its stylish, luxurious and durable nature. Being plush and luxurious in nature, leather upholstery is the best option for customers seeking comfort and appealing interiors. The stylish material can be easily patterned or colored, is convenient to clean and boasts superior stain resistance. In the global Leather segment, USA, Canada, Japan, China and Europe will drive the 5.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$527.8 Million will reach a projected size of US$817.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$237.5 Million by the year 2026, while Latin America will expand at a 7.9% CAGR through the analysis period.

Auto OEMs & Their Customers Say No to Noise


There is a rise in the demand for products that reduce voice in the interior cabin. For instance, Texel has developed the wheel well fibers with a mixture of consisting of a combination of polypropylene and polyester or 100% polyester. The wheel liners thus produced are moldable and easily recyclable compared to the other products. The polypropylene and polyester product combined with Thermofit technology possess remarkable moldability and acoustics. The high-end cars of Ford such as Fiesta and Focus models use exterior wheel well liners which focuses on young generations and aids in keeping the radio tunes within the car interior thereby prevents noise from outside. Other companies using the liners are Audi, Mercedes, Honda, Nissan, and VW among others. The sound absorptions products are gaining popularity due to the longing to use mobile phones and enjoy costly sound systems while driving. Thus, to fulfill the need Freudenberg developed Evolon which is a sound absorption product for side panels and dashboards. The product comes with a flexible and moldable property which is easy to fit in areas creating noise. The acoustic materials developed by Foss also possess sound-absorbing capacity with moldable property. Also, the products are made by blending different fibers. The company is focussing on creating exterior fabrics for the car such as mudguards covering the outer side of the wheel well. This mudguard helps in neutralizing the sound generated when a car hits the rock and thus the noise is not transferred to the interior while listening on the sound system. The sawasorb exterior nonwovens developed by Sandler are sound and heat insulant together with fluid-resistant in the engine compartment. The noise generated by tire and engine is swiftly absorbed and thus aids in giving delightful experience to the customers.

Select Competitors (Total 89 Featured):

  • Auto Textile SA
  • CMI Enterprises
  • Gilbreath Upholstery Supply
  • Gruppo Mastrotto SpA
  • Katzkin Leather, Inc.
  • Lear Corporation
  • MARTUR FOMPAK International
  • Marvel Vinyls Limited
  • Moorestown Auto & Boat Upholstery Inc.
  • Morbern
  • Sage Automotive Interiors
  • Seiren Co., Ltd.
  • SMS Auto Fabrics
  • The Haartz Corporation
  • Toyota Boshoku Corporation

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year

FEATURED COMPANIES

  • Auto Textile SA
  • CMI Enterprises
  • Gruppo Mastrotto SpA
  • Katzkin Leather, Inc.
  • Lear Corporation
  • Marvel Vinyls Limited

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Automotive Upholstery - Global Key Competitors Percentage Market Share in 2022 (E)
  • A Review of the Changing Automobile Business Models & the Growing Role of Innovative Component Suppliers in the Supply Chain
  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
  • These are Times When Questions Abound & Answers Are Few
  • So How Fast Or Slow Are We Moving?
  • How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Percentage (%) of Population Administered With Vaccines in Advanced Economies, Emerging Markets, and Low-Income Countries As of July 2021
  • How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
  • Split Scenarios Unfold: The Great Vaccine Divide Emerges
  • Time is of Essence! What We Know So Far - “Vaccine Efficiency Against New Strains is Decreasing”
  • Progress on Vaccinations, Why Should Businesses Care?
  • With IMF’s Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish About an Economic Comeback Despite a Continuing Pandemic
  • A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants, Comes as a Relief for Suffering Industries & Markets: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
  • How the Automotive Industry was Impacted by the Pandemic & What’s the New Normal?
  • Supply Chain Disruptions Along With Weak Demand Send Production Activity Slumping: Automobile Production % YoY Change Across Select Countries: 2020 Vs 2019
  • Unprecedented Disruptions in the Supply Chain Triggered by COVID-19 Accelerates the Urgency to Rethink Supply Chain Management
  • Unprecedented Losses Sustained in the Supply Chain Pushes Up the Focus on Resilience & Supply Chain Reinvention: Global Losses in Supply Chain as a % of Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA) in the Year 2020
  • How Are OEMs Responding?
  • Automotive Upholstery: Definition, Types & Importance
  • Here’s How the Market is Evolving & Changing
  • Recent Market Activity
  • Innovations
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Production Halts Induced by Chip Shortages, Hobbles the Much Awaited Robust Recovery of the Automotive Industry
  • Rising Chip Lead Times Hurt Auto OEMs: Global Auto Chip Lead Times (In Weeks) for Years 2017 Through 2021
  • Big Blow to Planned Production Impacts All in the Supply Chain
  • Automakers Feel the Pain as Chip Shortage Leaves Production Idling: Global Number of Vehicles in Production Impacted by Shortages (In 000 Units) by Region as of August 2021
  • A Significantly Complicated Recovery on Cards for Auto Makers as Chip Shortages Bleeds Potential Revenue through Lost Opportunities: Global Auto Industry Losses Due to Lost Sales (In US$ Billion) for the Year 2021
  • Chip Shortage to Plague Auto OEMs Way Into 2022
  • Long Gestation Periods for Capacity Expansion, a Prime Factor Challenge a Quick Supply Rebound
  • Semiconductor Fab Production Expansion is Time Consuming & Can Therefore Provide No Immediate Relief: Time Required to Increase Fab Production by Parameter
  • Automakers Left With NO Alternative But to Brace for Continued Pain
  • Automotive Lightweighting Trend Spurs Demand for Lightweight Auto Fabrics & Textiles
  • Post Pandemic, Massive Engineering Interest in Lightweighting Will Create Massive Interest in Innovative Lightweight Auto Textile Materials: Global Automotive Lightweight Materials Market (In US$ Billion) for the Years 2022, 2024 & 2026
  • Environment Friendly Sustainable Textile to Make a Big Impact on the Market
  • Expanding Role of Nanotechnology in Automotive Textiles/Upholstery
  • Increasing Usage of Carbon Fiber: A Key Trend in the Market
  • Nonwoven Upholstery to Have a Bright Future
  • Auto OEMs & Their Customers Say No to Noise
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Automotive Upholstery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • Automotive Upholstery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Automotive Upholstery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Automotive Upholstery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Automotive Upholstery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Automotive Upholstery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Automotive Upholstery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Automotive Upholstery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
AUSTRALIA
  • Automotive Upholstery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Automotive Upholstery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Automotive Upholstery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Automotive Upholstery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
AFRICA
  • Automotive Upholstery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 89

A selection of companies mentioned in this report includes:

  • Auto Textile SA
  • CMI Enterprises
  • Gilbreath Upholstery Supply
  • Gruppo Mastrotto SpA
  • Katzkin Leather, Inc.
  • Lear Corporation
  • MARTUR FOMPAK International
  • Marvel Vinyls Limited
  • Moorestown Auto & Boat Upholstery Inc.
  • Morbern
  • Sage Automotive Interiors
  • Seiren Co., Ltd.
  • SMS Auto Fabrics
  • The Haartz Corporation
  • Toyota Boshoku Corporation