Automotive Fabric Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 

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. Therefore, 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.

The Automotive Fabric Market is expected to grow at a steady rate of around 4% owing to the increasing safety measures in automotive applications coupled with environment-friendly fabric material and lightweight automotive fabrics to reduce vehicle pollution. Major companies are expanding their product portfolio by focusing on launching new products in the market which in turn is also contributing to the growth of the market. For instance, Lear launched a ReNewKnit automotive fabric, new a premium and fully recyclable warp-knitted fabric that has a wide range of applications across the automotive sector. This will initially be used in seating and door panel applications of vehicles across the globe.

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According to UnivDatos Market Insights (UMI)’ research report “Global Automotive fabric market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to the growing demand for automobiles coupled with the increasing technological innovations in the automotive industry.

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.

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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.

APAC to witness extensive growth

For a better understanding of the market adoption of the automotive fabric industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of 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.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the automotive fabric market 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.

“Global Automotive Fabric Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.        

Market Segmentation:

1.      By Vehicle Type (Passenger and Commercial)

2.      By Fabric Type (Polyester, Leather, Vinyl, Nylon, Suede, and Others)

3.      By Application (Carpets/Floor Coverings, Upholstery, Pre-Assembled Interior Components, Tyres, Safety Belts, Airbags, and Others)

4.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.      By Company (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.)

Key questions answered in the study:

1.      What are the current and future trends of the global automotive fabric industry?

2.      How the industry has been evolving in terms of vehicle type, fabric type, and application?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global automotive fabric industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global automotive fabric suppliers across various region and countries?