Automotive Upholstery Market Size

Automotive Upholstery Market Analysis

The Automotive Upholstery Market was valued at USD 8.5 billion and is expected to reach USD 13.6 billion by registering a CAGR of around 7% during the forecast period.

The COVID-19 pandemic hindered the growth of the automotive upholstery market as the production of new vehicles witnessed a decline due to the imposition of lockdowns and travel restrictions worldwide. Supply chain disruptions and fluctuations in the costs of raw materials further hampered the growth of the upholstery market. However, as manufacturing facilities resumed production, the market grew significantly during the forecast period.

Over the medium term, growing demand for advanced automotive technologies and automotive interiors, with a rising focus on lightweight automotive materials and the development of varied non-fabric substitutes, is expected to drive demand in automotive upholstery during the forecast period. Furthermore, contributed by the rising demand for customized interiors in vehicles. Moreover, various automobile manufacturers are focusing on developing better products to offer better product to their customers.

• In the same line, Mercedes has worked for a perforated seat. Mushrooms on the forest floor are produced by the mycelium of a fungus, which is a fibrous root system that helps break down organic matter to nourish plant life. A foamy marshmallowy material can be harvested in as little as two weeks by feeding mycelial cells a diet of sawdust and organic material in a vertical agriculture facility powered by renewable energy. The material is then formed into sheets and processed according to green chemistry principles. Some plasticizers provide durability, but Mylo is certified to be 50-85% bio-based.
• The perforated seat inserts look and feel like leather and make their automotive debut in the Mercedes EQXX.
• Adriano Di Marti, a Mexican company, created Deserttex automotive upholstery by harvesting mature prickly pear leaves, which grow back naturally and do not require irrigation, chemicals, or pesticides. These leaves are crushed, sun-dried, mixed with non-toxic materials, and processed into vegan leather. It is said to be durable for ten years and, unlike Mylo, is partially biodegradable.
• Deserttex, which imitates the spring-back and suppleness of collagen in animal leather, is used for the majority of the EQXX's white seating, console, and steering wheel.

On the other hand, the changing prices of raw materials and the strict government rules and regulations for reducing HAP (Hazardous air pollutant) emissions are anticipated to curtail the growth of the market. Nevertheless, the development of autonomous vehicles offers new opportunities for automotive upholstery manufacturers throughout the forecast period.

Asia-Pacific region is the largest market for the automotive upholstery market and is expected to lead the market. China is anticipated to play a significant role in the automotive upholstery market, followed by Japan and India. North America is expected to grow at a faster rate, followed by Europe during the forecast period owing to the rising number of automobiles in this region.