DUBLIN--(BUSINESS WIRE)--The "Automotive Upholstery - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
The Global Automotive Upholstery market is expected to grow from $4.24 billion in 2017 to reach $8.56 billion by 2026 with a CAGR of 8.1%.
Rising passenger car sales across the globe, increasing demand for lightweight automotive materials and huge varieties of non-fabric substitutes available in the market are some of the key factors fuelling the market growth. However, volatile raw material prices and stringent government mandates to reduce hap emissions are hampering the growth of the market.
Based on Vehicle Type, Light-Duty Vehicles is expected to have a considerable growth in the market during the forecast period. The growth is attributed to the rising demand for passenger cars across the world.
Asia-Pacific is expected to dominate the market during the forecast period due to increase in the production and sales of automobiles. The abundant supply of cost-effective raw materials and the presence of several key players operating in this region will further drive the growth of the automotive upholstery market in this region.
- Robert Bosch
- Hitachi Automotive
- Mitsubishi Electric Co.
- Takata Corporation
- Hyundai Mobis
- Calsonic Kansei Co.
- Delphi Automotive
- Magneti Marelli Spa
- Autoliv Inc
- ZF TRW Automotive
- Dow Corning
- Infineon Technologies AG
For more information about this report visit https://www.researchandmarkets.com/research/kllpxp/global_automotive?w=4