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Automotive Fabric Market Size to Surpass US$ 41,491 million by 2027

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Automotive Fabric Market Size to Surpass US$ 41,491 million by 2027

November 15
23:49 2021
Automotive Fabric Market to Grow at a CAGR of 4.7% from 2020 to 2027. In 2019, Asia Pacific contributed to the largest share in the global market.

According to our latest market study on “Automotive Fabric Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Component and Material” the market was valued at US$ 32,665 million in 2019 and is projected to reach US$ 41,491 million by 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

Strategic Insights

Report Coverage

Details

Market Size Value in

US$ 32,665 Million in 2019

Market Size Value by

US$ 41,491 Million by 2027

Growth rate

CAGR of 4.7% from 2020-2027

Forecast Period

2020-2027

Base Year

2020

No. of Pages

199

No. Tables

64

No. of Charts & Figures

104

Historical data available

Yes

Segments covered

Component and Material

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

 

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Automotive fabrics are available in the form of woven or nonwoven and coated or composite type. These fabric materials are quite flexible, and they possess features such as UV ray resistance and cold cracking. They are durable and lightweight in design. Automotive fabrics aim to provide seating comfort, as well as promote the overall aesthetic appearance and experience. The materials used in preparation of such fabrics play a significant role in promoting car efficiency along with ensuring safety and adding to overall quality of the vehicle.

The focus on developing enhanced automotive interior and exterior aesthetics and properties has been increased owing to a shift in consumer lifestyle. The use of advanced and functional textiles and fabrics is not restricted to promoting a vehicle appearance but they are also used to promote safety and performance of vehicle. Hence, the demand for automotive fabric has been driven by rising consumer focus toward safety, quality, and aesthetic properties. The evolution of advanced textile materials with multifunctional properties, coupled with rise in incidence of accidents and mishaps associated with vehicle’s inefficiency, is among the other factors proliferating the market growth.

Innovative technological development in automotive fabrics industry to boost its demand in the global market

Automotive fabrics are such type of fabrics which are available in the form of woven or nonwoven, coated, or composite type. Such type of fabric materials is quite flexible and possesses features such as resistance towards UV rays and cold cracking along with durability and lightweight in design. Automotive fabrics aims to provide seating comfort as well as promotes the overall aesthetic appearance and experience. The materials in preparation of such fabrics plays significant role in promoting car efficiency along with ensuring safety and adding to overall quality of the vehicle. The growth of the market is strongly driven by advancements in technology along with preference towards superior comfort and high-quality materials. Rapid urbanization coupled with economic growth and surging demand for automobiles accessories are some factors which are expected to promote the demand for automotive fabric market.

Product innovations along with the technological advancements in automotive fabrics industry is providing lucrative opportunities for the market growth. For instance, the latest innovation associated with the creative mix of seatbelts and airbags is prepared with round and smooth edges to offer better comfort and experience to the wearer. Such feature is aimed to reduce the extent of damage, as it helps distribute the force equally across the passenger’s body. This technique incorporates the use of special type of micro-fibre with ultra-light, flame proof, and abrasion resistant features for interior of the car. Additionally, this micro-fibre is counted as 100% environment-friendly material. Thus, the incorporation of such advanced features in the product is expected to promote the demand for advanced automotive fabrics in global market.

Impact of COVID-19 Pandemic on Automotive Fabric Market

Coronavirus pandemic first began in Wuhan (China) in December 2019, and since then, it has spread across the globe. As of April 2021, the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are among the worst-affected countries in terms of confirmed cases and reported deaths. The coronavirus pandemic has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The chemicals & materials industry is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this pandemic.

Download the Latest COVID-19 Analysis on Automotive Fabric Market Growth Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00006211/

Automotive Fabric Market: By Material

Based on material, the automotive fabric market is categorized into textiles, artificial leather, genuine leather and artificial suede. In 2019, the covering material segment held the largest share of the global automotive fabric market. Textile segment held the largest share in the global automotive fabric market. Textiles are majorly used in carpets and seat covering materials. The type of seat cover used depend upon automobile model, customer requirements and desired patterns of the upholstery.  Tri-laminate polyester is predominantly used as automotive seat fabric for almost all types of car seats. The use of woven seat cover has gain traction amongst automobile textile for seat covering components. Textile helps to fill-in the gaps spaces and cladding the seat constructions with different composite materials such as woven fabric, polyurethane foam, knitted fabrics and other, hence, contributing to the overall to ergonomic design of vehicle.

Automotive Fabric Market: Competitive Landscape and Key Developments

Aunde Group SE; Bader Gmbh And Co. KG; Borgstena Gruppen; Boxmark Leather; Classic Soft Trim; CMI Enterprises; DK Leather Corporation Berhad; Grupo Copo; JBS Couros; Kyowa Leather Cloth; Lear Corporation; Martur; Moriden America, INC.; Sage Automotive Interiors INC.; Scottish Leather; Seiren Co., Ltd; Shawmut Corporation; Suminoe Textile Co., LTD; TB Kawashima CO., LTD; and Vulcaflex S.P.A. are among the well-established players in the global automotive fabric market.

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About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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Company Name: The Insight Partners
Contact Person: Sameer Joshi
Email: Send Email
Phone: +1-646-491-9876
City: Pune
State: Maharashtra
Country: India
Website: http://www.theinsightpartners.com/pr/automotive-fabric-market

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