Automobile Interior Manufacturing in the US - Industry Market Research Report

Automobile Interior Manufacturing in the US - Industry Market Research Report

  • September 2020 •
  • 50 pages •
  • Report ID: 590596 •
  • Format: PDF
New car smell: Disposable income is expected to increase, bolstering demand for automobiles

Abstract

Automobile Interior Manufacturing in the US
The Automobile Interior Manufacturing industry manufactures automobile seats and interiors, as well as seats for aircrafts. Over the five years to 2019, demand for total automobiles has increased in line with the improving economy, prompting automakers to increase production. Primarily, a surge in demand in light-trucks has helped spear auto production during the current period. As a result, upstream suppliers, such as automobile interior manufacturers, experienced heightened demand. Furthermore, favorable domestic economic conditions are expected to bolster profit growth. For example, when demand for automobile interiors is high, industry operators are able to pass on costs to downstream consumers. Overall, industry revenue has increased during the current period. Over the five years to 2024, industry revenue is forecast to continue to rise, as growth in worldwide manufacturing activity is anticipated to fuel sales from foreign markets.

Companies in this industry manufacture motor vehicle seats and various interior components, including trimming, motor vehicle upholstery, seat covers and seat belts and seat frames. Industry operators also manufacture seats used in aircrafts.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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