Automotive Seat Covers Market: Global Analysis, Opportunities And Regional Forecast To 2026
The size of automotive seat covers market was registered at USD 5.89 billion in the year 2019 and is anticipated to cross USD 7 billion by 2026. Between the period 2020-2026, the market is expected to register a CAGR of 5.4%.
Increasing sales of new and preowned vehicles is expected to drive the automotive seat covers market size by 2026. Consumers are increasingly gravitating towards electric vehicles on account of benefits such as effective energy utilization, availability of charging infrastructure, cost-effective maintenance and low cost of ownership. This trend could stimulate the demand for automotive seat covers. The product helps retain vehicle value by protecting seats from stains, wear and scratches, as well as offers superior comfort to passengers.
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Given to increasing consumer demand for better automotive comfort, manufacturers in the seat cover industry are developing innovative products and solutions. For instance, in 2020, Lear Corporation, a U.S.-based automotive seating and technology company, introduced the smart INTU Thermal Comfort seating with advanced ClimateSense technology, developed in collaboration with Gentherm, a leading producer of novel thermal management technologies.
In terms of material, the automotive seat covers industry is divided into fabric, leather and other materials such as rubber, PVC, PU, neoprene and other plastic polymers. The other materials segment is likely to record a CAGR of over 6.5% over the forecast period owing to the cost-effectiveness and abrasion resistance of these materials. Moreover, they are highly durable and have an extended lifecycle, making them an increasingly popular choice among customers.
With respect to vehicle, the industry is segmented into commercial vehicles, two-wheelers and passenger cars. The demand for seat covers from two-wheelers segment is projected to register a CAGR of around 6% by 2026. Escalating adoption of high-quality seat covers in two-wheelers and improving economic conditions may advocate this growth. High sales of two-wheelers in developing countries along with their increasing production may further augment industry size.
The Europe automotive seat covers market is expected to grow by around 5% over the coming years. The demand for high-quality seat covers is extensively high across Western European countries like Italy, France, Germany and the UK. These countries possess a large market for passenger and light commercial vehicles. Burgeoning use of e-commerce platforms such as Alibaba, Amazon and Europages is likely to support automotive seat cover businesses. Technological advancements and product innovations may positively impact the automotive aftermarket industry of Europe.
While on a global scale, major companies like Faurecia, Saddles India Pvt. Ltd., Seat Covers Unlimited, Inc., Lear Corporation, Wollsdorf Leder Ltd., Kyowa Leather Cloth Co. Ltd., Eleven International Co. Ltd., Katzkin Leather, Inc., Sage Automotive Interiors Inc., Ruff-Tuff Products, LLC, and MarvelVinyls are holding a key share in the automotive seat covers market. These firms are adopting various business strategies such as new product development, innovations, and geographical expansions.
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Some Point from Table of Contents:
Chapter 5. Automotive Seat Covers Market By Vehicle
5.1. Automotive seat covers industry share by vehicle, 2019 & 2026
5.2. Passenger car
5.2.1. Global passenger car seat covers market estimate & forecast, 2016 – 2026
5.2.2. Global passenger car seat covers market estimate & forecast, by region 2016 - 2026
5.3. Commercial vehicle
5.3.1. Global commercial vehicle seat covers market estimate & forecast, 2016 – 2026
5.3.2. Global commercial vehicle seat covers market estimate & forecast, by region 2016 - 2026
5.4. Two-wheeler
5.4.1. Global two-wheeler seat covers market estimate & forecast, 2016 – 2026
5.4.2. Global two-wheeler seat covers market estimate & forecast, by region 2016 - 2026
Chapter 6. Automotive Seat Covers Market By Distribution Channel
6.1. Automotive seat covers industry share by distribution channel, 2019 & 2026
6.2. OEM
6.2.1. Global OEM automotive seat covers industry estimate & forecast, 2016 – 2026
6.2.2. Global OEM automotive seat covers market estimate & forecast, by region 2016 - 2026
6.3. Aftermarket
6.3.1. Global aftermarket automotive seat covers industry estimate & forecast, 2016 – 2026
6.3.2. Global aftermarket automotive seat covers market estimate & forecast, by region 2016 - 2026
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