The Europe Automotive Upholstery Market is projected to witness market growth of 7.1% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Automotive Upholstery Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $625.5 million by 2031. The UK market is exhibiting a CAGR of 6.2% during (2024 - 2031). Additionally, The France market is projected to experience a CAGR of 7.9% during (2024 - 2031).
The growing discretionary budgets of consumers and the shifting lifestyles of consumers have resulted in an increased taste for luxury automobiles, which are frequently outfitted with inside materials of very high quality.
Moreover, according to data from the International Energy Agency (IEA), the industry for luxury vehicles has been expanding, with luxury car sales reaching new heights in various regions. This growth in the luxury segment underscores the importance of premium upholstery materials in attracting and retaining customers in this highly competitive market.
The European automotive upholstery market is a significant sector within the automotive industry, driven by the region's strong emphasis on luxury, sustainability, and innovation. As per the data from the International Energy Agency, after the surge in 2020, electric vehicle sales in Europe increased by over 65 percent annually to 2.3 million in 2021. Norway (86 percent), Iceland (72 percent), Sweden (43%), and the Netherlands (30 percent) were expected to hold the largest market shares for new electric vehicle sales in Europe in 2021, followed by France (19 percent), Italy (9 percent), and Spain (8%).
The Germany market dominated the Europe Automotive Upholstery Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $625.5 million by 2031. The UK market is exhibiting a CAGR of 6.2% during (2024 - 2031). Additionally, The France market is projected to experience a CAGR of 7.9% during (2024 - 2031).
The growing discretionary budgets of consumers and the shifting lifestyles of consumers have resulted in an increased taste for luxury automobiles, which are frequently outfitted with inside materials of very high quality.
Moreover, according to data from the International Energy Agency (IEA), the industry for luxury vehicles has been expanding, with luxury car sales reaching new heights in various regions. This growth in the luxury segment underscores the importance of premium upholstery materials in attracting and retaining customers in this highly competitive market.
The European automotive upholstery market is a significant sector within the automotive industry, driven by the region's strong emphasis on luxury, sustainability, and innovation. As per the data from the International Energy Agency, after the surge in 2020, electric vehicle sales in Europe increased by over 65 percent annually to 2.3 million in 2021. Norway (86 percent), Iceland (72 percent), Sweden (43%), and the Netherlands (30 percent) were expected to hold the largest market shares for new electric vehicle sales in Europe in 2021, followed by France (19 percent), Italy (9 percent), and Spain (8%).
List of Key Companies Profiled
- Woodbridge Foam Corporation (The Woodbridge Group)
- Forvia SE
- TOYOTA BOSHOKU CORPORATION
- Asahi Kasei Corporation
- SEIREN Co., LTD.
- Adient plc
- BASF SE
- Freudenberg SE
- The Haartz Corporation
- GRAMMER AG
Market Report Segmentation
By Vehicle Type- Passenger Cars
- Commercial Vehicles
- Seat Covers
- Carpets
- Dashboards
- Others
- OEM
- Aftermarket
- Polyester
- Vinyl
- Nylon
- Leather
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Europe Automotive Upholstery Market by Vehicle Type
Chapter 5. Europe Automotive Upholstery Market by Application
Chapter 6. Europe Automotive Upholstery Market by Sales Channel
Chapter 7. Europe Automotive Upholstery Market by Material Type
Chapter 8. Europe Automotive Upholstery Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Woodbridge Foam Corporation (The Woodbridge Group)
- Forvia SE
- TOYOTA BOSHOKU CORPORATION
- Asahi Kasei Corporation
- SEIREN Co., LTD.
- Adient plc
- BASF SE
- Freudenberg SE
- The Haartz Corporation
- GRAMMER AG
Methodology
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