Automotive Fabric Market Size, Share, Growth Report 2030

Global Automotive Fabric Market: Overview

The automotive fabrics are designed to offer the passengers with maximum comfort and security while having the drive. It adds a high quality to the interior of the vehicle and also makes it more attractive. By using the automotive fabric for the interior of the automobiles, the safety of both human and vehicles increases. The safety belts and airbags are mainly helpful for the human safety. The automotive fabric is cold cracking resistant, UV rays stable, durable, easy to clean, and helps in minimizing the fatigue. Automotive fabric such as headlining, truck lining, and spray adhesive is also used to repair or replace the spoiled interior surfaces.

The global automotive fabric valued at USD 31,011.7 million in 2019 and is likely to reach USD 32,058.6 million by 2026 with a CAGR of 2.5%.

Global Automotive Fabric Market: Segmentation

The global market for the automotive fabric is fragmented into its fabric type, vehicle type and application. On the basis of the fabric type, the global market is segmented into polyester, vinyl, leather, nylon, velour and others. The interior of the vehicle totally depends on the fabric used, since it adds quality to the vehicle as well as ensures the security of humans. As we know, leather has been the most in demand material but since leather is created by tanning animal skins, it has pushed the fabric industries to search for other alternatives. Hence, more reliable and cost-effective materials have started gaining popularity. On the basis of application; the market is categorized into the carpets, upholstery, pre-assembled interior components, tires, airbags, safety-belts, and others.

Among the stated applications, safety belts and airbags are the rapidly growing segments as it ensures the safety of all the passengers in car and reducing the number of accidents on roads. On the basis of the vehicle type, the global market is segregated into passenger vehicles, light commercial vehicles and heavy commercial vehicles.

Global Automotive Fabric Market: Growth Factors

The key factors that are contributing to the growth of the automotive fabric market are growing need for the safety measures, increasing disposable income, change in the living standard of the people, growing demand for the automobiles, and rise in the production of the automobiles. All these factors will contribute positively to the market growth. The use of fabrics like nylon and velour is also one of the in demand factor because of its superior strength and lower weight. The passenger vehicle segment also holds the largest share in the market due to the COVID-19 pandemic, since people are scared and hence avoiding public transports and looking forward for private cars.

The airbag segmentation is also a significant factor leading to the growth of the automotive fabric market because of the increase in the accidents and fatalities, and it proves to be one of the safest measures for reducing these accidents. The other important factors that are contributing towards the market growth are increased development in the automotive industry, growing demand for the automobile accessories, speedy economic development, and introduction of the advanced characteristics such as elasticity, resistance to wear and tear. The factor that may hamper the market growth is the availability of the substitute materials such as natural leather, synthetic leather, and PVC.

Global Automotive Fabric Market: Regional Analysis

Depending on the geographical regions, the global market for the automotive fabric market is diversified into Asia Pacific, the Middle East and Africa, North America, Latin America, and Europe. The automotive fabric market is dominated by the Asia Pacific, which is followed by North American and Europe. The factors that contribute to this market growth in these regions are advanced technological developments, the presence of some of the popular market players in these regions, the launch of the novel products, and the development of the research centers. In addition to this, the major companies are also expanding their business in Asia Pacific region.

The market shows a huge potential for improvement in the Asia Pacific and the Middle East and African regions owing to the factors such as large population base, increased demand from the emerging nations for the passenger cars, growing disposable income of the middle class population, and rapid rate of urbanization will trigger the growth of the market in the coming years. Rising popularity of electric vehicles in North America and Europe is likely to stimulate the consumption of automotive fabric. Supportive government policies for rapid adoption of electric vehicles across the globe are further fueling the demand for automotive fabric.

Global Automotive Fabric Market: Competitive Players

The key market players that are involved in the automotive fabric market include Sage Automotive Interiors Inc., Lear Corporation, SRF Limited, Seiren Co., Ltd., Faurecia S.A., Heathcoat Fabrics Limited, Acme Mills Company, TWI Ltd., Yanfeng Automotive Trim Systems Co., Ltd., Haartz Corporation, Tenowo GmbH., Toyota Boshoku Corporation, Suminoe Textile Co., Ltd., J & J Auto Fabrics, Inc., Adient Plc., Moriden America Inc., Trevira GmbH., Takata Corporation, Grupo Antolin Irausa, S.A., Bmd Private Ltd., Martur Automotive Seating Systems, and Glen Raven Inc.

Global Automotive Fabric Market: Regional Segment Analysis

• 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