Automotive Seat Cover Market: Segmented: By Material (Leather, Nylon Fabric, Faux Vinyl, PVC Fabric, Vinyl Fabric, Others), By Fabric Type (Flat Woven, Woven Velour, Tricot, Double Needle Bar Raschel, Circular Knit, Others), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Sales Channel (OEM/OES, Aftermarket), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2031
[ 170 + Pages Research Report ] Automotive Seat Cover Market to surpass USD 10.4 billion by 2031 from USD 6.3 billion in 2021 at a CAGR of 5.2% in the coming years, i.e., 2021-31.
Automotive seat cover is additional coverage for a vehicle seat made to protect it from external damages. Seat cover provides comfort to the passengers and enhances the look of the interior. They prevent the seats from dirt, stains, wear and tear, and any other possible damages. They are durable in nature and are made of different materials such as leather, nylon, fabric, faux vinyl, vinyl fabric, etc.
Automotive Seat Cover market is expected to project a notable CAGR of 5.2% in 2031.
The growing disposable income of consumers has led to a rise in demand for new second-hand vehicles. Moreover, technological advancements and the advent of new materials for manufacturing high-quality, comfortable and durable seat covers are expected to drive the market of Automotive Seat Cover Market toward growth.
The Passenger Vehicle segment is expected to grow with the highest CAGR during 2021-31
The Automotive Seat Cover market is classified on the basis of Vehicle Type into Passenger Vehicles and Commercial Vehicles. During the forecast period, Passenger Vehicle segment is projected to grow with the highest CAGR. The segment is fueled by rising demand for new and second-hand cars by consumers. Additionally, seat cover enhances the overall look of the vehicle, it provides comfort and offers protection from any damage.
The OEM/OES segment is expected to grow with the highest CAGR during 2021-31
Based on Sales Channel, Automotive Seat Cover market is fragmented into OEM/OES, Aftermarket. During the forecast period, OEM segment is projected to grow with the highest CAGR. The growth is attributed to the rising preference of consumers for high quality and rising sale trends of passenger vehicles and two-wheeler vehicles. Also, increasing income level of consumers is also boosting the market growth.
Increasing Demand for Premium and Luxury Vehicles
The increasing disposable income of consumers has created a huge demand for vehicles in the market. Changing consumer preferences for customized car interiors is also leading to market growth. With the increase in population, there is a demand for new and second-hand vehicles in the market. Automotive interior design has gained high attention among customers over a period of time, which is one of the key factors in the sale of the vehicle. Rising number of millionaires in the world is boosting the sales of high-quality premium and luxury cars, thereby creating opportunities for the growth of Automotive Seat Cover market.
Technological Advancements and Advent of New Materials
Rising technological advancements in the manufacturing of seat covers and increasing availability on eCommerce platform is driving the market. Constant efforts to create eco-friendly and more sustainable products owing to the growing demand of consumers have promoted market growth. Further, the advent of new materials for enhancing comfort of seat covers will drive market growth.
Fluctuating Costs and Government Regulations
Fluctuating prices of raw materials in the market is a huge hindrance to market growth. Also, strict government regulations on the manufacturing and disposal of chemical waste will further restrain the growth of Automotive Seat Cover market.
The Automotive Seat Cover market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific is anticipated to grow with the higher CAGR during the forecast period. The growth is attributed to the rising demand for vehicles owing to the growing population and increasing disposable income of the citizens. Furthermore, changing consumer preferences and the presence of key market players in the region will fuel the growth of the market.
The global outbreak of coronavirus has adversely affected the economic growth of several countries. The strict imposition of lockdowns and travel bans have led to the shutdown of many businesses. There has been a huge imbalance in the supply and demand of goods and services. Covid-19 has hampered the procurement of raw materials and has caused a huge disruption in the supply chain management. Automotive Seat Cover market is negatively affected due to Covid-19. However, with the world recovering from the unprecedented effects of Covid-19, the Automotive Seat Cover Market is expected to grow at a significant rate.
Automotive Seat Cover is further segmented by region into:
Automotive Seat Cover Segments:
|Market size value in 2021
|USD 6.3 Billion
|Revenue forecast in 2031
|USD 10.4 Billion
|CAGR of 5.2% from 2021 to 2031
|Base year for estimation
|Revenue in USD million and CAGR from 2021 to 2031
|Revenue forecast, company ranking, competitive landscape, growth factors, and trends
|Material, Fabric Type, Vehicle Type, Sales Channel, and Region
|North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
|Key companies profiled
|Coverking, Canadian General Tower, Eleven International Co. Ltd., EuWe Group, Exco Technologies Limited, Johnson Control International Plc, Kolon Glotech, Ruff-Tuff Products LLC, Wollsdorf Leder, Zhejiang Tianmei auto seatcover Co. LTD, and Other Prominent Players.
Automotive Seat Cover market size was estimated at USD 6.3 billion in 2021 and is expected to reach USD 10.4 billion in 2031.
Automotive seat cover is an additional covering for a vehicle seat made to protect it from external damages. Seat cover provides comfort to the passengers and enhances the look of the interior. They prevent the seats from dirt, stains, wear and tear, and any other possible damages.
The Passenger Vehicle segment accounted for the largest Automotive Seat Cover market share.
Key players in the Automotive Seat Cover market Coverking, Canadian General Tower, Eleven International Co. Ltd., EuWe Group, Exco Technologies Limited, Johnson Control International Plc, Kolon Glotech, Ruff-Tuff Products LLC, Wollsdorf Leder, Zhejiang Tianmei auto seatcover Co. LTD, and Other Prominent Players.
Increasing demand for premium and luxury vehicles, technological advancements, and advent of new materials are the factors driving the Automotive Seat Cover market.
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