PUBLISHER: KBV Research | PRODUCT CODE: 1511420
PUBLISHER: KBV Research | PRODUCT CODE: 1511420
The Latin America, Middle East and Africa Automotive Upholstery Market would witness market growth of 8.4% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Automotive Upholstery Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $188.6 million by 2031. The Argentina market is showcasing a CAGR of 9.1% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 8.1% during (2024 - 2031).
Technological advancements have also been pivotal in driving the growth of the automotive upholstery market. Innovations in material science have led to the development of new upholstery materials that are lighter, more durable, and environmentally friendly.
Moreover, using advanced manufacturing techniques, such as 3D knitting and automated sewing, has improved the efficiency and precision of upholstery production, enabled greater customization, and enhanced the overall performance of upholstery materials.
The LAMEA market is expected to grow steadily, driven by economic development, rising consumer incomes, and evolving preferences towards luxury and sustainability. Manufacturers that can innovate and meet these demands will be well-positioned to succeed in this diverse and dynamic market. Brazil's significant automotive production capacity, coupled with rising consumer incomes, is a primary driver. According to the International Energy Agency, just over 2.6 million light-duty vehicles (LDVs) were sold in Brazil in 2019, reflecting a steady increase from previous years. This growth in vehicle production naturally leads to higher demand for automotive upholstery materials.
Based on Vehicle Type, the market is segmented into Passenger Cars and Commercial Vehicles. Based on Application, the market is segmented into Seat Covers, Carpets, Dashboards and Others. Based on Sales Channel, the market is segmented into OEM and Aftermarket. Based on Material Type, the market is segmented into Polyester, Vinyl, Nylon, Leather, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
LAMEA Automotive Upholstery Market Report Segmentation
By Vehicle Type
By Application
By Sales Channel
By Material Type
By Country