Overview of the Market for Motor Vehicle Seating And Interior Trim in the USA
In value terms, production of motor vehicle seating and interior trim expanded to $ in . The total output value increased at an average annual rate of +% from 2013 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. Over the period under review, production hit record highs at $ in 2016; afterwards, it flattened through to .
The revenue of the market for motor vehicle seating and interior trim in the U.S. dropped modestly to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2013 to ; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2014 with an increase of % y-o-y. Over the period under review, the market reached the peak level at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.