Surface Materials for Transportation Market Size, Share Report, Analysis, Trends, Growth 2032

Surface Materials for Transportation Industry Prospective:

The global surface material for transportation market size was evaluated at $32.46 billion in 2023 and is slated to hit $68.27 billion by the end of 2032 with a CAGR of nearly 10% between 2024 and 2032. 

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Surface Materials for Transportation Market: Overview

Surface materials for transportation include a slew of materials such as polyester, vinyl, leather, polyurethane, bio-based materials, polyvinyl chloride, and natural fabrics. These materials find a slew of applications in dashboards, seats, headliners, and steering wheels. Additionally, these products provide enhanced safety, lower maintenance charges, cost-effectiveness, and durability.

Key Insights

• As per the analysis shared by our research analyst, the global surface materials for transportation market are projected to expand annually at the annual growth rate of around 10% over the forecast timespan (2024-2032)
• In terms of revenue, the global surface material for transportation market size was evaluated at nearly $32.46 billion in 2023 and is expected to reach $68.27 billion by 2032.
• The global surface materials for transportation market is anticipated to grow rapidly over the forecast timeline owing to an immense increment in consumer interest in personalization of vehicles.
• In terms of application, the upholstery segment is slated to register the highest CAGR over the forecast period.
• Based on sales channel, the OEM segment is predicted to contribute majorly towards the global industry share in the upcoming years.
• Based on end-use, the automotive segment is predicted to contribute majorly towards the global market share in the upcoming years.
• Region-wise, the North American surface materials for transportation industry are projected to register the fastest CAGR during the projected timespan.

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Surface Materials for Transportation Market: Growth Factors

Humungous surge in vehicle manufacture to boost the global market trends over 2024-2032

Escalating the need for aftermarket customer modifications along with the rise in vehicle production is anticipated to enhance the growth of the global surface materials for transportation market. An immense increment in consumer interest in the personalization of vehicles is likely to boost global market trends. Growing demand for products for developing headliners, upholstery, and dashboards will prompt the expansion of the global market.

The large-scale demand for products in the marine, railways, automotive, and aviation sectors will prop up the growth of the market globally. Apart from this, a rise in the use of surface materials in synthetic leather, fabrics, non-wovens, and natural leather along with the rise in vehicle production will prompt the growth of the global market.  

Surface Materials for Transportation Market: Restraints

A surge in the installation costs can hinder the global industry expansion by 2032

An increase in the deployment costs and oscillation in the raw component costs can impede the expansion of the surface materials for transportation industry.

Surface Materials for Transportation Market: Opportunities

Rising demand for smart surface materials can open new avenues of growth for the global market

Surface materials are made into smart materials by embedding them with sensors that respond to stimuli, thereby opening new opportunities for growth for the global surface materials transportation market.  

Surface Materials for Transportation Market: Challenges

A need for high initial investments can challenge the growth of the global industry by 2032

Rise in the need for initial investments along with the enforcement of strict regulations pertaining to the use of surface materials for transportation purposes can challenge the expansion of the global surface materials for transportation industry.

Surface Materials for Transportation Market: Segmentation

The global surface materials for transportation market are divided into application, end-use, material type, sales channel, and region.                                           

In application terms, the surface materials for transportation market across the globe are bifurcated into upholstery, dashboard, and headliner segments. Additionally, the upholstery segment, which acquired nearly 66% of the global market revenue in 2023, is expected to record the fastest annual rate of growth in the forecast timespan. The expansion of the segment in the next eight years can be due to a rise in the use of surface materials in the upholstery. 

Based on sales channel, the global surface materials for transportation industry are divided into OEM and aftermarket segments. Moreover, the OEM segment, which garnered about 64% of the global industry revenue in 2023, is projected to make sizable contributions towards the global industry share over the analysis period. The growth of the segment in the upcoming years can be credited to an increase in the sale of surface materials by OEMs.

Based on end-use, the global surface materials for transportation market are sectored into aviation, automotive, rail, and marine segments. Moreover, the automotive segment, which garnered about 65% of the global market share in 2023, is projected to make major contributions toward the global market share over the analysis timeline. The growth of the segment in the upcoming years can be credited to a surge in the use of surface materials in the automotive segment.

On the basis of material type, the surface materials for transportation industry are bifurcated into vinyl, fabric, and leather segments.

Surface Materials for Transportation Market: Report Scope

Surface Materials for Transportation Market: Regional Insights

Asia-Pacific is expected to maintain the leadership status in the global market in the next couple of years

Asia-Pacific, which contributed approximately 70% of the global surface materials for transportation market earnings in 2023, is projected to maintain numero uno position in the global market in the years ahead. In addition to this, the regional market expansion in the upcoming years can be due to a rise in the transport activities in the densely populated countries such as India and China. Moreover, presence of key manufacturers in the region will further steer the expansion of the regional market.

North American surface materials for transportation industry are predicted to record the fastest growth rate in the forecast timespan. The rapid growth of the industry in the continent over 2024-2032 can be due to rise in the demand for surface materials including fabrics, natural leather, and synthetic leather in the countries such as Canada and the U.S.

Key Developments

• In the second quarter of 2023, Teijin Frontier Company Limited launched staple polyester nanofiber offering outstanding performance for reinforcing rubber applications in automotive hose belts.
• In the second half of 2022, Covestro, a surface materials manufacturing firm, entered into a strategic alliance with Xinquan Automotive, a Chinese automotive trim firm. Such moves will drive the growth of surface materials for transportation business in the APAC zone.

Surface Materials for Transportation Market: Competitive Space

The global surface materials for transportation market profiles key players such as:

• Sekisui Chemical Co. Ltd.
• Continental AG
• Kuraray Co. Ltd
• Covestro AG
• MILLIKEN & COMPANY
• Infinite Fiber Company
• MIKO srl
• Toray Industries Inc.
• Kuraray Co. Ltd.
• BASF SE
• Sekisui Chemical Co. Ltd.
• Teijin Limited
• Schoellar Textil AG
• Autostop Aviation
• Lydall Gutsche GmbH & Co. KG
• Roger Corporation
• INVISTA
• MIKO srl
• Autostop Aviation

The global surface materials for transportation market are segmented as follows:

By Application

• Upholstery
• Dashboard
• Headliners

 By Sales Channel

• OEM
• Aftermarket

By End-Use

• Aviation
• Automotive
• Rail
• Marine

By Material Type

• Vinyl
• Fabric
• Leather

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa