The global automotive seat cover market size is expected to reach US$ 4.7 billion by 2030 expanding at a CAGR of 4.2% from 2021 to 2030. The market growth can be primarily driven by the booming automotive sector in developing regions, growing demand for automotive seat covers made from environment-friendly and sustainable materials, growing demand for premium vehicles, and increasing focus on automotive interiors.
Consistent R&D in the field of automotive textile material has led to the availability of a wide variety of materials with different prices and qualities, which is likely to boost the automotive seat cover market during the forecast period. Rise in demand for premium and luxury vehicles that have dynamic vehicle interior is likely to fuel the automotive seat cover market across the globe. For instance, after the slowdown witnessed in the global automobile industry, several governments reduced taxes on automobiles to encourage sale of vehicles. Automotive seat covers protect the vehicle’s original seat upholstery and maintain a good resale value of the vehicle, thereby protecting the investment. Major manufacturers of seat covers are offering seemingly infinite variety of textures, colors, and patterns of automotive seat covers, which is likely to increase the demand for seat covers. This is expected to boost the automotive seat cover market across the globe.
Entry of New Materials and Focus on Improving Automotive Interiors to Aid Market Growth
Over the past decade, consumers continue to demand exceptional automotive interiors made from sustainable materials and technologies. With the entry of the autonomous vehicles, engineers and automotive designers are increasingly innovating and rolling out automotive seat covers with exceptional comfort and ergonomics to gain a competitive edge. The automotive seat cover market is projected to witness considerable developments in the upcoming decade with the entry of a range of lightweight and sustainable materials. Stakeholders in the automotive seat cover market are of the opinion that the material of seat covers is expected to play a key role, while influencing the purchasing decisions of customers in the future. While technological advancements continue to take place at a blazing pace across the automotive sector, in recent times, seat cover materials have garnered considerable popularity and under review. The growing demand for premium automobiles is a major factor that is anticipated to drive innovations in the automotive seat cover market.
At present, removable trim covers have emerged as a new feature that is expected to gain considerable popularity around the world due to which, the global automotive seat cover market is projected to grow at a steady pace. Polyurethane has emerged as one of the most popular automotive seat cover materials. In addition, customized automotive seat covers are currently in-vogue and the trend is expected to continue during the forecast period. New structural and lightweight materials are also projected to gain considerable traction in the upcoming years due to which, the automotive seat cover market is expected to witness steady growth during the assessment period.
Expansion of Automotive Seat Cover Market
The surge in trade volume owing to rising bilateral trade among countries is projected to boost the automotive seat cover market during the forecast period. China witnessed a rise in both general trade volume and proportion, escalating to 15.66 trillion Yuan. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN.
Based on vehicle type, the global automotive seat cover market has been segmented into passenger vehicle and commercial vehicle. Passenger vehicle is likely to be a highly lucrative segment during the forecast period. This is primarily due to the rise in the production of passenger vehicles across the globe. The growing adoption of seating technology in passenger vehicles, including heated and ventilated seats, is estimated to offers lucrative opportunities for the automotive seat cover market across the globe.
In terms of fabric type, the tricot segment account for a significant share of the global automotive seat cover market. Tricot is a soft and flexible material that avoids loops knocking over and straggling. It is also available in different size, patterns and shapes, which is anticipated to boost the automotive seat cover market across the globe.
Regional Analysis of Automotive Seat Cover Market
In terms of region, the global automotive seat cover market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global automotive seat cover market in 2020. It is anticipated to hold a leading share during the forecast period due to a rise in the production and sale of vehicles in China and countries in ASEAN. Followed by Asia Pacific, Europe also held a significant share of the global automotive seat cover market due to a rise in the demand for premium vehicles in the region.
Key Players in Automotive Seat Cover Market
Prominent players operating in the global automotive seat cover market include Coverking, Exco Technologies Ltd, Faurecia, Lear Corporation, Johnson Control International Plc, KYOWA LEATHER CLOTH CO. Ltd., MARVEL VINYLS LIMITED, Pecca Group Berhad, Saddles India Pvt Ltd, Sage Automotive Interiors, Seat Covers Unlimited, Suminoe Textile Co. Ltd, Katzkin Leather, Inc., Wollsdorf Leder, and zhejiang Tianmei auto seatcover Co., LTD.
Global Automotive Seat Cover Market: Segmentation
Automotive Seat Cover Market , by Vehicle Type
Automotive Seat Cover Market , by Material
Automotive Seat Cover Market , by Fabric Type
Automotive Seat Cover Market, by Sales Channel
Automotive Seat Cover Market, by Region
The Automotive seat cover market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Automotive seat cover market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Automotive seat cover market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive seat cover market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Automotive seat cover market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Automotive seat cover capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Automotive seat cover by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Automotive seat cover market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Automotive seat cover market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Automotive seat cover market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Automotive seat cover industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Automotive seat cover market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Automotive seat cover market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Automotive seat cover market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Automotive seat cover market. These factors have benefited the growth of the global market for Automotive seat cover. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Automotive seat cover. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Automotive seat cover are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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