Home > Pressrelease > Automotive Seat Covers Market size to exceed $7 Bn by 2026
Automotive Seat Covers Market size to exceed $7 Bn by 2026
- Published Date: October 12, 2020
Automotive Seat Covers Market size is likely to cross USD 7 billion by 2026, according to a new research report by Global Market Insights Inc.
Growing demand for high-performance durable automotive seat covers has enabled several manufacturers to integrate advanced sensing modules into the product. The integration of brick and click channel providing direct avenues in developed & developing markets empowers suppliers with control over the brand value. Global manufacturers and suppliers are constantly looking for opportunities to improve customer interaction with aftermarket parts. Thus, connectivity and digitalization to improve customer convenience with enhanced online purchase and logistics infrastructure will promote product commercialization and distribution globally.
Leather material segment is projected to observe more than 2.5% CAGR from 2020 to 2026 owing to high durability and extended lifespan, adding a great resale value to vehicles. Leather seat covers come in a wide including nappa, perforated, vinyl, suede, and artificial leather bonding with base fibers. However, high product cost and limited resistance to scratch and wear may restrain its growth. Nevertheless, easy maintenance, resistance to spill, and long service life will positively influence market penetration.
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Proliferating logistics and construction activities to support commercial vehicles growth
The automotive seat covers market demand from commercial vehicles is poised to register over 3.5% CAGR through 2026 propelled by the continuous expansion of private & public transportation across developed & developing nations to safeguard sustainable development. Proliferating logistics and construction activities across the globe will further drive the market expansion.
Browse key industry insights spread across 170 pages with 206 market data tables & 21 figures & charts from the report, “Automotive Seat Covers Market Size By Material (Leather, Fabric, Others), By Vehicle (Passenger Car, Commercial Vehicle, Two-wheeler), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Automotive seat covers aftermarket will foresee growth rate of around 5.5% during 2020 to 2026 impelled by its cost affordability, product diversification, and increasing vehicle modification activities. The vehicle owners continuously upgrade interior parts to improve vehicle aesthetics.
North America automotive seat covers market exceeded USD 1.5 billion in 2019. Increasing demand for new & pre-owned vehicles across the region will drive the market growth trend. The availability of numerous digital platforms and logistics infrastructure will largely enhance customer reach for products in the industry. Further, increasing trends of reviewing product feedback, obtaining distributor information, and post-purchase services offered by product manufacturers are the key trends fueling the reginal market growth.
Geographic expansion to enhance competition in the industry
Prominent manufacturers in the automotive seat covers market 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., MarvelVinyls, and Saddles India Pvt. Ltd. Industry players are focusing on geographic expansion to attain a competitive edge in the market. For instance, in 2019, Wollsdorf Leder Ltd. inaugurated a new plant in Mexico for automotive leather production, which will expand its operation& consumer base across the region.