Market Share of Asia-Pacific Automotive Upholstery Industry
The Asia-Pacific automotive upholstery market is moderately consolidated and majorly dominated by a few players like Adient PLC and Faurecia. The market is mainly driven by factors like advanced technologies, the use of lighter materials, more comfort, and the growing demand for electric and autonomous vehicles around the region. To provide a more luxurious experience to the people, major automotive upholstery manufacturers are making joint ventures with component manufacturers. For instance,
In October 2022, Pecca Group Bhd, located in Malaysia, announced the purchase of PT Gemilang Maju Kencana, an Indonesian upholstery leather wrapping and car seat cover manufacturer. GMK is also looking for commercial and marketing cooperation from MPI's founder in order to increase its footprint in Indonesia. Although Indonesia sells more automobiles than any other Southeast Asian market, the country is projected to be a major development engine for Pecca as it expands its overseas footprint in the upholstery seat covers in the automotive sector.
Asia-Pacific Automotive Upholstery Market Leaders
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Suminoe Textile Co. Ltd.
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Lear Corporation
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Toyota Boshoku Corporation
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Faurecia SE
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Adient PLC
*Disclaimer: Major Players sorted in no particular order
