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Automotive Seat Covers Market Industry Trends

Automotive Seat Covers Market 

size valued at USD 5.89 billion in 2019 and will grow at a CAGR of 5.4% from 2020 to 2026. Rising consumer preference towards automotive interiors as well as increasing sales of new & preowned vehicles will positively influence market growth. Furthermore, its ability to retain vehicle value by protecting seats from wear, stain, and starches will significantly drive industry expansion.

Shifting consumer preferences towards biodegradable & environment-friendly materials will primarily surge the seat cover demand in the automotive sector. Technological advancements and product innovations such as removable trim and heated seat covers have significantly emerged as a new feature for seat covers. Moreover, the introduction of several lightweight & new structural materials, such as polyester, vinyl and polyurethane, will have an opportunistic line for product demand in the industry.

NEWS1

Increasing disposable income coupled with rising economic conditions has increased potential opportunities for vehicle upgrades across developed & developing countries over the recent years. Additionally, growing e-commerce platforms for automotive parts and accessories owing to comfortable buying & trading options with cost-effective prices will further augment the automotive seat covers market demand. OEMs, workshop chains, and distributors are prominently increasing their online participation and introducing new platforms to gain a competitive edge.

Fluctuating raw material prices as well as strict regulations on extraction & production of several raw materials such as animal hide leather will hamper market demand. Compliance with several environment regulations towards proper disposal of waste and chemical discharge may also restrain revenue generation. Nevertheless, increasing digitization of channels and interface for enhanced service program including repair and replacement services will support automotive seat covers industry expansion.

Fabric material segment will account for around 80% automotive seat covers market share by 2026 owing to their wide variety of options such as polyester, tweed, saddle blanket, nylon, jacquard, tricot, acrylic fur, etc. Fabric covers are less sensitive to temperature as they are resistant to scratches, wear & tear, water spills, and stains. However, the short lifecycle of fabric devalues automotive interiors, making them dull & outdated over a span of four to five years, hindering segment growth. Nevertheless, high durability, less maintenance, and soft comfortable nature of the material as seat cover will positively influence the product penetration.

The passenger cars segment generated around USD 2.9 billion revenue in 2019 driven by escalating sales of new & preowned vehicles globally along with rapidly changing consumer preferences toward seat covers for better comfort & interior aesthetics. The foremost durability requirement of automotive seat covering is resistance to light, abrasion, stain, and UV radiation. However, ease of installation and maintenance of seat covers will propel market demand.

Increasing vehicle sales to escalate revenue generation from OEM

OEMs will witness over 5% CAGR through 2026 propelled by the increasing automobile sales and consumer preferences for high-quality products. Moreover, strategic partnerships and long-standing relationships with end-users will surge OEM expansion in the market.

Several OEMs have their own distribution channels including direct sales and online sales through which they supply the product to various vehicle manufacturers. Proliferating sales of two-wheelers and passenger cars globally along with increasing disposable income will boost the segment growth.

NEWS4

Asia Pacific dominates automotive seat covers market size owing to continuously expanding automotive industry across various emerging economies. The region accounts for over 40% of the total industry size in 2019 and is likely to grow with a significant rate during 2020 to 2026. Availability of key raw materials and economical manufacturing coupled with the presence of several industry participants will drive the regional market revenue.

Technology advancement to drive competition in the market

The key automotive seat covers market participants include Eleven International Co., Ltd., Faurecia, Katzkin Leather, Inc., Kyowa Leather Cloth Co., Ltd., Lear Corporation, Sage Automotive Interiors Inc., Ruff-Tuff Products, LLC, Seat Covers Unlimited, Inc., Wollsdorf Leder Ltd., Zhejiang Tianmei Automotive Seat Covers Co., Ltd., MarvelVinyls, and Saddles India Pvt. Ltd.

Industry participants are continuously investing in innovations and technology advancements to attain a competitive edge in the market. In August 2020, Lear Corporation, an automotive technology leader in E-Systems and Seating, introduced its latest solutions in intelligent seating, INTU thermal comfort with climate sense technology, developed in collaboration with Gentherm. The solution aims to form an ideal temperature through its smart software, using ambient cabin conditions to deliver optimized comfort.

The market research report on automotive seat covers includes in-depth coverage of the industry with estimates & forecast in terms of volume in Thousand Units and revenue in USD Million from 2016 to 2026, for the following segments:

Market, By Material
Leather
Fabric
Others

Market, By Vehicle
Passenger car
Commercial vehicle
Two-wheelers

Market, By Distribution Channel
OEM
Aftermarket

The above information is provided on a regional and country basis for the following:

North America
♦ U.S.
♦ Canada

Latin America
♦ Brazil
♦ Mexico

Middle East & Africa
♦ South Africa
♦ Saudi Arabia
♦ Iran

Asia Pacific
♦ China
♦ India
♦ Japan
♦ South Korea
♦ Australia
♦ Thailand
♦ Indonesia

Europe
♦ Germany
♦ UK
♦ France
♦ Italy
♦ Spain
♦ Russia


Post time: Dec-24-2021