According to IMARC Group’s latest report, titled “Automotive Fabric Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” the global automotive fabric market reached a value of US$ 37.0 Billion in 2022. Looking forward, IMARC Group expects the market value to reach US$ 46.8 Billion by 2028, expanding at a CAGR of 3.9% during the forecast period (2023-2028).
Automotive fabrics represent a range of non-woven, woven, knitted, or composite textiles that are used to provide an aesthetically-appealing interior look to automobiles. Some common fabric types include polyester, vinyl, leather, and nylon. These materials are soft, lightweight, elastic, easy to maintain, durable, heat-resistant, and offer high performance. Apart from this, they have excellent noise-insulating properties, provide optimal strength, and ensure the security of passengers and drivers. As a result, automotive fabrics are utilized to design upholstery and several internal vehicle components, including seatbelts, carpets, dashboards, and seat covers.
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Automotive Fabric Market Trends:
The significant expansion in the automotive industry and the increasing need for luxurious and lightweight vehicles to enhance fuel efficiency and mitigate carbon emissions are majorly driving the market growth. Additionally, the implementation of favorable government safety regulations and measures have prompted manufacturers to adopt automotive fabrics to fabricate carpets, airbags, and safety belts, which, in turn, is favoring the market growth. Moreover, the advent of eco-friendly fabric materials made from numerous renewable raw materials, including bamboo, bio-resins, and sustainable paints, along with their deployment in automobiles to engineer internal vehicle parts, are propelling the market growth. Besides this, the increasing uptake of recycled polyethylene terephthalate (RPET) for manufacturing automotive fabric, inflating disposable income levels, and fuelling demand for automobile accessories for passenger cars are contributing to the market growth.
Automotive Fabric Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the automotive fabric market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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.
- Uniroyal Engineered Products LLC.
Key Market Segmentation:
The report has segmented the automotive fabric market on the basis of fabric type, vehicle type and application.
Breakup by Fabric Type:
Breakup by Vehicle Type:
- Passenger Vehicle
- Commercial Vehicle
Breakup by Application:
- Carpets and Floor Covering
- Pre-Assembled Interior Components
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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