Market Size of Europe Automotive Upholstery Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | < 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Automotive Upholstery Market Analysis
The Europe Automotive Upholstery Market is anticipated to register a CAGR of less than 5% during the forecast period (2020 - 2025).
- The demand for more personalized vehicles is growing around the world. Car customization plays a significant role in making the car more appealing, as they need top-class upholstery to grow. Another factor that is driving the Automotive Upholstery demand is the rise in luxury car sales.
- As of 2019, Europe holds the second largest market share in the automotive upholstery market at 30%. In 2019, Germany recorded worldwide car exports over 12.1 % and vehicle parts, which account for another 4.9%. Amongst the vehicle parts, the upholstery market plays a dominant role in total sales made annually.
- However, the rising cost for raw materials and early wear and tear leads to cut-throat competition amongst the upholstery manufacturers. Nevertheless, engineers are developing innovative and affordable materials that can both satisfy the aesthetic and the damages to the upholstery as a result of smoking, liquid spillage, and also collisions.
