Automotive Seat Covers Market Size

Automotive Seat Covers Market Size

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.

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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.