Automotive Fabric Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
The automotive fabric refers to textiles used in the automotive industry to manufacture upholstery and interiors of vehicles. These automotive fabrics are woven or nonwoven, coated or composite in nature. The primary goal of these fabrics is to provide maximum comfort, safety, and security to passengers while driving.

Sizing and Forecast
The automotive fabric market size has grown steadily in recent years. It will grow from $35.74 billion in 2023 to $37.48 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to interior aesthetics, increased vehicle production, consumer demand for comfort, safety and regulations, customization options.

The automotive fabric market size is expected to see strong growth in the next few years. It will grow to $46.09 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to electrification of vehicles, connectivity features, minimalistic interior design, sustainability initiatives, advanced safety features, interior ambient lighting. Major trends in the forecast period include smart fabrics., sustainable and recyclable materials, antimicrobial fabrics, textured and patterned fabrics, haptic feedback fabrics, vegan and cruelty-free materials.

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Segmentation & Regional Insights
The automotive fabric market covered in this report is segmented –

1) By Fabric Type: Polyester, Vinyl, Leather, Nylon, Other Fabric Types
2) By Vechile Type: Passenger Vehicles, Commercial Vehicles
3) By Application: Carpets or Floor Covering, Upholstery, Pre-Assembled Interior Components, Tires, Safety-Belts, Airbags, Other Applications

Asia-Pacific was the largest region in the automotive fabric market in 2023. The regions covered in the automotive fabric market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
An increase in automobile demand is expected to propel the automotive fabric market going forward. Economies worldwide have been steadily increasing, which has increased the standard of living, further increasing the purchasing power. The advent of the COVID-19 pandemic also resulted in individuals preferring a safer mode of transportation that promoted social distancing and thus boosted the growth of automobiles. The increasing demand for automobiles will increase the demand for automobile fabrics as they offer passengers the maximum comfort, safety, and security during the drive. For instance, according to a report from OICA (International Organization of Motor Vehicle Manufacturers), global passenger car sales increased from 53 million in 2020 to 56 million in 2021. Similarly, commercial vehicle sales increased from 24 million in 2020 to 26 million in 2021. Therefore, the increased demand for passenger and commercial vehicles drives the growth of the automotive fabric market.

Key Industry Players
Major companies operating in the automotive fabric market report are Acme Mills Pvt Ltd., Suminoe Textile Co. Ltd., Arvind Limited., Grupo Antolin Irausa SA, Heathcoat Fabrics Limited., Lear Corporation, Martur Automotive Seating Systems, Navbharat Textile Industries Ltd., Seiren Co. Ltd., Sage Automotive Interiors Inc., Toyoda Boshoku Asia Co. Ltd., Aunde Faze Three Autofab Ltd., Haartz Corporation, Tenowo GmbH, Hari Krishna Exports Pvt Ltd., Shandong Exceeding Auto Interior Parts Co. Ltd., Adient plc, Takata Corporation, Faurecia SA, Yanfeng Automotive Trim Systems Co Ltd., Moriden America Inc., Trevira GmbH, Joyson Safety Systems Holdings Limited, Mitchell Group Usa Private Limited., The Prestige Companies Auto Upholstery, Jhanji Textiles Pvt Ltd., Acme Leather LLP, Santoni S. p. A., Classic Soft Trim Inc., Seton Company Inc., Bader GmbH & Co. KG

The automotive fabric market report table of contents includes:

1. Executive Summary

2. Automotive Fabric Market Characteristics

3. Automotive Fabric Market Trends And Strategies

4. Automotive Fabric Market – Macro Economic Scenario

5. Global Automotive Fabric Market Size and Growth

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31. Global Automotive Fabric Market Competitive Benchmarking

32. Global Automotive Fabric Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Automotive Fabric Market

34. Automotive Fabric Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

Acme Mills Pvt Ltd.

Suminoe Textile Co. Ltd

Grupo Antolin Irausa SA

Heathcoat Fabrics Limited.

Lear Corporation

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