According to a new report published by UnivDatos Markets Insights, the Automotive Fabric market was valued at USD 28 billion in 2020 and is expected to grow at a CAGR of around 4% from 2022-2028. The analysis has been segmented into Vehicle Type (Passenger and Commercial); Fabric Type (Polyester, Leather, Vinyl, Nylon, Suede, and Others); Application (Carpets/Floor Coverings, Upholstery, Pre-Assembled Interior Components, Tyres, Safety Belts, Airbags, and Others); Region/Country.
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The automotive fabric market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the automotive fabric market. The automotive fabric market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the automotive fabric market at the global and regional levels.
Market Overview
Automotive fabric is a technical textile used in the transportation and automotive industries. The automotive fabric focuses on aspects of safety, comfort, and aesthetics of the vehicles. In addition, the major applications of automotive fabric are antibacterial, anti-static, chemical, and ultraviolet (UV) resistant, flame retardant, insect repellent, and odor absorbent. They can also withstand severe conditions and help protect different items in a car, such as seatbelts, filters, seat pockets, and covers.
Furthermore, the use of automotive fabric is increasing as they embrace the quality, safety, and performance of the vehicles. Also, in recent years, the usage of electric vehicles (EVs) is boosting the growth of the market since they provide noise, vibration, and temperature control in vehicles.
Some of the major players operating in the market include Grupo Antolín, Lear Corporation, Seiren Co. Ltd, Adient plc, Toyota Boshoku Corporation, SRF Limited, Suminoe Textile Co. Ltd, Heathcoat Fabrics Limited, Sage Automotive Interiors, Tesca Technologies Pvt. Ltd.
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COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted industries and has transformed the way industries are delivered. The automotive fabric market has been significantly affected during these times owing to the delay in the supply chain and halt in manufacturing industries due to the worldwide lockdown during the pandemic.
The global automotive fabric market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on vehicle type, the market is segmented into passenger and commercial. The passenger vehicle type category is to witness a higher CAGR during the forecast period. As passenger vehicles are designed to provide comfort and luxury and have designed interiors compared to commercial vehicles. Therefore, automotive fabrics are added to improve the aesthetics and interior of the cars such as seating areas headliners, side panels, carpets and trunks, lining, tires, filters, belt hoses, airbags, etc. which in turn is accelerating its market demand
· On the basis of fabric type, the market is categorized into polyester, leather, vinyl, nylon, suede, and others. Among these, polyester to hold a significant share of the market in 2020. This is mainly due to the increasing adoption of polyester fabrics because of their better physical properties and high-mechanical performance. Additionally, polyester fabrics have various other properties such as lightweight, durability, resistance to wrinkles, water, heat, chemical, and thermoplastic which increases its demand in the automotive industry. Furthermore, polyester is used in the recycled form in car upholstery, mainly in floor covering and seat covers which are expected to increase their demand in the market
· Based on application, the automotive fabric market has been classified as carpets/floor coverings, upholstery, pre-assembled interior components, tyres, safety belts, airbags, and others. The airbags category is to witness higher adoption of automotive fabric during the forecast period. This is mainly due to the rising concern about safety in vehicles as airbags are a major part of automotive safety equipment. Since airbags reduce the chance of the upper body or head striking the vehicle's interior during a crash. They're normally hidden but inflate instantly when a crash begins. Moreover, certain rules and regulations are made regarding airbags to protect people during accidents. For instance, in Jan 2022, the Ministry of Road Transport and Highways (MoRTH) stated that vehicles of the M1 category will have two side/side torso airbags
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Automotive Fabric Market Geographical Segmentation Includes:
· North America (U.S, Canada, and Rest of North America)
· Europe (Germany, U.K, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the rising vehicle production coupled with the growing automotive textile manufacturers across the region escalating the growth of the market. In addition, for better fuel economy, the trend is towards lightweight vehicles replacing metal with fiber composites in most applications. Moreover, the rising consumer awareness towards vehicle safety such as seat belts, airbags, and smart tyres is increasing at a very rapid rate which in turn will positively influence the market size of automotive fabrics. For instance, Japan-based TB Kawashima set up an Indian plant for automotive textiles to manufacturing high-quality woven and Tricot, circular knitted textile fabrics for the car seat, including weaving, knitting, dyeing, coating, and finishing process.
The major players targeting the market include
· Grupo Antolín
· Lear Corporation
· Seiren Co. Ltd
· Adient plc
· Toyota Boshoku Corporation
· SRF Limited
· Suminoe Textile Co. Ltd
· Heathcoat Fabrics Limited
· Sage Automotive Interiors
· Tesca Technologies Pvt. Ltd.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the automotive fabric market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the automotive fabric market?
• Which factors are influencing the automotive fabric market over the forecast period?
• What are the global challenges, threats, and risks in the automotive fabric market?
• Which factors are propelling and restraining the automotive fabric market?
• What are the demanding global regions of the automotive fabric market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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Table Of Content:
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE AUTOMOTIVE FABRIC MARKET
6 AUTOMOTIVE FABRIC MARKET REVENUE, 2020-2028F
7 MARKET INSIGHTS BY VEHICLE TYPE
8 MARKET INSIGHTS BY FABRIC TYPE
9 MARKET INSIGHTS BY APPLICATION
10 MARKET INSIGHTS BY REGION
11 AUTOMOTIVE FABRIC MARKET DYNAMICS
12 AUTOMOTIVE FABRIC MARKET OPPORTUNITIES
13 AUTOMOTIVE FABRIC MARKET TRENDS
14 DEMAND AND SUPPLY-SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 COMPETITIVE SCENARIO
17 COMPANY PROFILED
18 DISCLAIMER
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