Global Automotive Seat Cover Market
Automotive Seat Cover Market size was valued at USD 7.22 billion in 2023 and is projected to reach USD 14.66 billion by the end of 2036, expanding at around 5.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of automotive seat cover is assessed at USD 7.54 billion.
The increasing demand for luxury and premium vehicles is one of the major factors anticipated for the growth of the automotive seat cover market in the coming years. The sale of luxury vehicles has seen a rise over the past few years, backed by a positive growth in disposable income of individuals. According to the statistics by the OECD, countries such as the United States (53202 USD/capita in 2018), Luxembourg (47180 USD/capita in 2018), Germany (42744 USD/capita in 2020), Switzerland (42149 USD/capita in 2019), and Norway (41770 USD/capita in 2020) among others displayed higher growth in the household disposable income as compared to other OECD countries, which is expected to aid the sale of luxury and premium cars in the coming years. Additionally, according to the statistics by the World Bank the global GDP per capita has risen significantly over the past decade and stood at USD 10,925.746 (in current US$) in the year 2020 as compared to USD 9555.571 in 2010. The rise in GDP per capita and the spur in growth in the number of millionaires over the past few years is further expected to drive the demand for luxury and premium cars and also for customized interiors and design, and in turn accelerate the market growth.
Moreover, the customer preference in the type of material used in automotive seating has changed dramatically over the past decade, backed by the rise in advancements in textile technology and the discovery or invention of newer material. The stock material used in cars has seen a decline in preference, with consumers replacing the stock material with nylon, leather, vinyl, or polyester as per their preference and requirement. This preference change is not limited to seat covers, with consumers replacing stock interiors with custom-made material for interiors. The shift in consumer preference can be attributed to the varying options available now, along with their fit and durability. The high-end finish of these materials and their compatibility with other customized interiors aid in customer preference towards customized seat cover, which is anticipated to drive the growth of the global automotive seat cover market during the forecast period.
Additionally, the new developments in the manufacturing process technologies have streamlined the production of seat cover material, making them more cost-efficient and more durable than the stock seat covers provided with the cars. Many patented technologies to produce leathers and other materials are provided by manufacturers that offer their products to car manufacturers and after-markets. Premium quality leather for car manufacturers and the aftersales market has seen a recent demand owing to their more sustainable and low-cost manufacturing processes and the high-end finish that the material provides. The leather alternatives such as polyurethane and neoprene have also found wide applications due to the environmentally sustainable approach in manufacturing and their physical properties that are similar or better than pure leather. With newer material manufacturing processes in development that will decrease costs and improve material quality, the automotive seat cover market is expected to see growth during the forecast period.
Author Credits: Saima Khursheed
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