The latest report by IMARC Group, titled “Automotive Fabric Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the global automotive fabric market size reached US$ 35.3 Billion in 2021. Automotive fabrics help safeguard the internal coverings on doors, floors, and roofs of vehicles from stains, moisture, chemicals, and wear to give an aesthetic appeal to the interior of the vehicle. They are antibacterial, chemical, and ultraviolet (UV) resistant, flame retardant, anti-static, insect repellent, and odor absorbent. They also withstand severe conditions to offer the passengers maximum comfort, safety, and security during the drive. As a result, automotive fabrics are widely used in making seat covers, carpets, headliners, dashboards, safety belts, and airbags in a vehicle.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Automotive Fabric Market Trends:
The market is primarily driven by the increasing sales of passenger cars across the globe. In addition, the rising adoption of electric vehicles (EV) is escalating the demand for automotive fabrics that provide noise, vibration, and temperature control. Besides this, with the implementation of stringent government regulations to promote the fuel efficiency of vehicles, manufacturers are relying on innovative fabrics to reduce weight and emissions, increase energy efficiency and improve the overall safety of vehicles. This, coupled with the growing demand for environment-friendly and lightweight automotive fabrics to reduce vehicle pollution, is contributing to the market growth. Moreover, key players are introducing cost-effective, multi-functional, and advanced product variants. They are also investing in research and development (R&D) activities to develop high-performance materials, which is positively influencing the market growth. Furthermore, the escalating demand for luxury vehicles, rising disposable incomes of individuals, and the growing need for advanced safety features in vehicles are some of the other factors creating a positive market outlook across the globe. Looking forward, IMARC Group expects the market value to reach US$ 45.2 Billion by 2027, expanding at a CAGR of 4.10% during the forecast period (2022-2027).
Based on the fabric type, the market has been segregated into polyester, vinyl, leather, nylon, and others.
On the basis of the vehicle type, the market has been bifurcated into passenger and commercial vehicles.
Based on the application, the market has been classified into carpets and floor covering, upholstery, pre-assembled interior components, tires, safety belts, airbags, and others.
Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has been examined, with some of the key players being Acme Mills Company, Arvind Limited, Asahi Kasei Corporation, BOXMARK Leather GmbH & Co. KG, Kyowa Leather Cloth Co. Ltd., Moriden America Inc., Navbharat Textile Industries, Parishudh Fibres Pvt. Ltd., Seiren Co. Ltd, Suminoe Textile Co. Ltd., and Uniroyal Engineered Products LLC.
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