Market Size of North America Automotive Upholstery Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.45 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Automotive Upholstery Market Analysis
The North American Automotive Upholstery Market was valued at USD 1.7 billion, and it is expected to reach USD 2.22 billion over the period of the next five years by registering a CAGR of 5.45% during the forecast period.
Over the long term, demand for innovative automotive technology and vehicle interiors is likely to drive demand in automotive upholstery throughout the forecast period, with a growing emphasis on lightweight automotive materials and the development of various non-fabric replacements.
Furthermore, the increased demand for customized interiors in vehicles has contributed. The demand for more personalized vehicles is growing around the world. Car customization plays a significant role in making the car more personalized, owing to which the need for top-class upholstery is growing. Another factor that is driving the Automotive Upholstery demand is the rise in autonomous driving and luxury car sales. Furthermore, numerous automotive manufacturers are concentrating on manufacturing better products in order to provide better products to their clients.
For those interested in adding a luxury element to their cars, leather has remained in demand amongst the wealthy. Moreover, it is known for giving a premium look and feel. As a result, leather upholstery offers certain utilitarian benefits over ordinary materials used in car interiors. This is forcing automakers and OEMs to provide leather upholstery in their mid-range and premium car offerings, thereby driving the development of the leather segment of the automotive industry.
On the other hand, shifting raw material prices and rigorous government laws and regulations for lowering HAP (hazardous air pollutants) emissions are expected to limit market growth. Nonetheless, the emergence of self-driving cars creates new potential for North American automotive upholstery producers during the projection period.
However, the rising cost of 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 collisions.
