Industry Background:
The automotive seat cover is used to protect the original seat upholstery from damage, stains, and wear & tear. It enhances the appearance of the vehicle’s interior with an elegant touch and attractive design through a wide variety of materials, colors, patterns, and quality. The automotive seat cover market has high growth prospects owing to the increasing production of passenger vehicles. Moreover, growing demand from the developing economies expected to drive the product demand during the forecasted period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Coverking (United States), Exco Technologies Limited (Canada), Faurecia (France), FHGROUP (United States), Johnson Controls (Ireland), MarvelVinyls (India), Pecca Group Berhad (Malaysia), Sage Automotive Interiors (United States), Lear Corporation (United States) and Seat Covers Unlimited (United States) |
This growth is primarily driven by Increasing Global Vehicle Production and Rise in Demand for Premium and Luxury Vehicles.
Globally, a noticeable market trend is evident Increasing Application in Passenger Vehicles Major Vendors, such as Coverking (United States), Exco Technologies Limited (Canada), Faurecia (France), FHGROUP (United States), Johnson Controls (Ireland), MarvelVinyls (India), Pecca Group Berhad (Malaysia), Sage Automotive Interiors (United States), Lear Corporation (United States) and Seat Covers Unlimited (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Market players are focusing on partnerships, collaborations, and new product launches in order to increase their offerings in the automotive seat cover market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings.
Key Developments in the Market:
In January 2020, Faurecia acquired SAS and expanded its systems integration expertise to cover all internal modules. The acquisition strengthens Faurecia's Cockpit of the Future strategy and its systems integration proposal, which now encompasses all internal modules as well as functions such as lighting and thermal management. It also strengthens Faurecia's just-in-time factory network of 20 facilities in Europe, North and South America, and China. SAS has an order book with strong growth potential and revenue growth will be further accelerated by regional and customer diversification, especially in China.
In March 2020, Sage Automotive Interiors acquired Adient's automotive textile business. The acquisition of Adient's automotive textile business will give Sage multiple operating sites around the world, with a focus on Europe. The business to be acquired is highly regarded for design and quality among major European automakers and is one of the leading suppliers in the European automotive seat fabric market.
Influencing Trend:
Increasing Application in Passenger Vehicles
Market Growth Drivers:
Increasing Global Vehicle Production and Rise in Demand for Premium and Luxury Vehicles
Challenges:
Balancing Between Cost of Production and Customer Demands
Restraints:
High Cost of Advanced Automotive Seat Covers
Opportunities:
Increasing Demand of Tricot Fabric for Automotive Seat Covers and Rising Demand from the Developing Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Automotive Seat Cover Market
- Analysis about New Entrants in Automotive Seat Cover Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Automotive Seat Cover Study Sheds Light on
The Automotive Seat Cover Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive Seat Cover industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Seat Cover industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.