DUBLIN, March 29, 2024 /PRNewswire/ — The “Surface Materials for Transportation Market: Focus on Vinyl, Leather, Fabric, and Other Alternatives” report has been added to ResearchAndMarkets.com’s offering.
The demand for surface materials for transportation market such as upholstery, dashboards, headliners, and others is anticipated to grow with the increasing demand from end-use industries such as automotive, marine, aviation, rail, and among others.
The surface materials for transportation market has been segmented based on material type, among which leather accounted for around 44.1%, fabric around 38.0%, vinyl held around 9.8%, and other sustainable alternatives held for approximately 8.1% of the total surface materials consumed in the year 2022 in terms of value.
Furthermore, it is anticipated that during the projected period, i.e., 2023-2033, the increasing adoption of surface materials in the automotive industry in several advanced economies, including the U.S., Canada, Germany, France, Italy, China, India, among others, are expected to further increase the advancement of the global surface materials for transportation market.
However, the escalating emphasis on demand for aftermarket customer modification acts as a key driving force behind the increasing demand for surface materials such as fabrics, natural leather, synthetic leather, non-wovens, among others and the surge in vehicle production significantly affects the growth of the global surface materials for transportation market. However, in a price-sensitive market, increasing installation costs and fluctuation in raw material prices can hinder consumer adoption and act as a challenge in the global surface material for transportation market.
Market Lifecycle Stage
The surface materials for transportation market is in the growth phase. The market is propelled by the growing customer interest in vehicle personalization and is expected to boost the market. Furthermore, high demand from end-use industries and governments’ emphasis on sustainability in all sectors increases the demand for sustainable surface materials such as, recycled materials, plant-based materials, bio-based materials, and others, thereby bolstering the global surface materials for transportation market.
Moreover, the surface materials for transportation market is expected to benefit from the expansion of manufacturing facilities in emerging markets, which represents a strategic move that holds immense potential for advanced economies in the surface materials for transportation market.
Industrial Impact
Surface materials offer numerous advantages. It provides an excellent opportunity for automotive manufacturers to elevate themselves with the use of advance fabrics, natural leather, synthetic leather among others in various applications such as upholstery, dashboard, headliner, and others. Furthermore, surface materials can made into smart materials by embedding them with sensors or other materials that can respond to stimuli, for example synthetic leather could be made to change color in response to changes in temperature, or it could be made to become more conductive in the presence of moisture, various surfaces, facilitating consistent and visually attractive advertisement.
In the same vein, renowned for its durability, surface materials offer a resilient solution for vehicle interiors and exteriors. Surface materials offer a transformative solution for building industries by providing aesthetic designs for designers to enhance their creativity. Furthermore, the adaptability of surface materials allows the creation of dynamic and changeable surface elements.
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different surface materials, various sales channels such as OEM and aftermarket, end-use industries, and different material types involved in the production of surface materials. Moreover, the study provides the reader with a detailed understanding of the surface materials for transportation marketbased on the end user (automotive, marine, aviation, rail and others).
Growth/Marketing Strategy: The surface materials for transportation market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategy for the companies has been product developments, business expansions, and acquisitions to strengthen their position in the global surface materials for transportation market. For instance, Covestro, a materials manufacturer, has established a worldwide collaboration with Xinquan Automotive, a China automotive trim company, during the China International Import Expo held in Shanghai.
Competitive Strategy: Key players in the surface materials for transportation market analyzed and profiled in the study involve surface materials manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the surface materials for transportation market has been done to help the reader understand how players stack against each other, presenting a clear market landscape.
Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Market Segmentation Highlights
- The upholstery leads the global surface materials for transportation market.
- The surface material for transportation market is estimated to be led by the OEM segment in terms of sales channel.
- The surface material for transportation market is estimated to be led by automotive in terms of end-use industry.
- The surface material for transportation market is estimated to be led by leather in terms of material type.
- Asia-Pacific is anticipated to gain traction in terms of production and adoption, owing to the continuous growth of surface materials such as natural leather, synthetic leather, fabric, among others and North America is anticipated to have a presence of key manufacturers in the region.
Industry Dynamics
Trends: Current and Future Impact Assessment
- Trend Analysis: Global Surface Materials for Transportation Market
- Increasing Adoption of Luxury and Performance Vehicles
- Changing Consumer Behavior toward Comfort and Aesthetics in Transportation
Market Drivers
- Increase in Demand for Aftermarket Customer Modifications
- Increase in Vehicle Production
Market Challenges
- High Material and Installation Cost
- Increase in Regulations for Materials
Market Opportunities
- Advancements in Technology for Surface Materials
- Growth in Adoption of Smart Features
- Integration of Surface Materials with Ongoing Automotive Advancements
Supply Chain Overview
- Value Chain Analysis
- Regulatory Landscape
- Pricing Forecast (by Material Type, $/Meter)
Research and Development Review
- Patent Filing Trend (by Country, Company)
Stakeholder Analysis
- Use Case
- End User and Buying Criteria
- Market Dynamics Overview
Selection Criteria for Surface Materials
- Key Comparisons between Fabrics and Properties
- Vinyl
- Natural Leather
- Synthetic Leather
- Polyurethane (PU)
- Polyvinyl Chloride (PVC)
- Polyester
- Fabric
- Polyester
- Natural Fabric
- Wool/Nylon Blend
- Other Sustainable Alternatives
- Recycled Materials
- Plant and Bio-Based Materials
- Bio-Based Fabric
- Evaluation of Chemical Composition
- Application-Wise Compatibility
Competitive Landscape
- Next Frontiers
- Geographical Assessment
- Competitive Benchmarking
- Market Share Analysis (by Material Type)
- Company Profiles
- Overview
- Top Products/Product Portfolio
- Top Competitors
- Target Customers/End-Use Industries
- Key Personnel
- Analyst View
- Market Share (2022)
Vinyl
- Sekisui Chemical Co., Ltd
- Covestro
- Continental
- Kuraray Co. Ltd.
Leather
- MILLIKEN & COMPANY
- Toray Industries, Inc.
- Teijin Limited
- Sekisui Chemical Co., Ltd.
- Autostop Aviation
- Covestro
- Continental
- Kuraray Co. Ltd.
- BASF SE
Fabric
- Lydall Gutsche GmbH & Co. KG
- Toray Limited, Inc.
- Autostop Aviation
- Schoellar Textil AG
- MIKO srl
- Covestro
- Roger Corporation
- INVISTA
Other Sustainable Alternatives
- Teijin Limited
- BASF SE
- Infinited Fiber Company
- Continental
- Covestro
- MIKO srl
For more information about this report visit https://www.researchandmarkets.com/r/6xtc8j
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