Automotive Textiles Market Growth Outlook Through 2024-2033

Overview and Scope
Automotive textiles refer to the specialized fabrics and textile products used in the interior and exterior of automobiles. These textiles serve various purposes in the automotive industry, including enhancing comfort, safety, aesthetics, and functionality.

Sizing and Forecast
The automotive textiles market size has grown strongly in recent years. It will grow from $28.87 billion in 2023 to $30.33 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to increased automotive production, demand for lightweight and fuel-efficient vehicles, focus on interior comfort and aesthetics, stringent automotive safety regulations, growth of electric vehicles.

The automotive textiles market size is expected to see steady growth in the next few years. It will grow to $35.94 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to rise in autonomous vehicle development, focus on noise reduction and insulation, circular economy initiatives, demand for antimicrobial textiles, increasing focus on carbon footprint reduction. Major trends in the forecast period include advancements in nanotechnology, collaborations between automakers and textile manufacturers, integration of smart textiles, customization and personalization, sustainability and eco-friendly materials.

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

1) By Textile Type: Leather, Polyester, Nylon, Vinyl, Polyvinyl Chloride (PVC), Other Types
2) By Product Type: Woven, Non-Woven, Composites
3) By Vehicle Type: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles

Asia-Pacific was the largest region in the automotive textiles market in 2023. The regions covered in the automotive textiles 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
The growing automotive production is expected to boost the automotive textiles market going forward. Automotive encompasses the design, development, production, and maintenance of motor vehicles, including cars, trucks, motorcycles, and others. Automotive textiles enhance comfort, safety, aesthetics, and functionality, elevating the driving experience and contributing to the industry’™s growth. The growth in automotive production creates opportunities for the automotive textile industry to expand and innovate, meeting the evolving needs of the automotive sector. For instance, in May 2023, according to The European Automobile Manufacturers Association (ACEA), a Germany-based automobile manufacturers association, there were 85.4 million automotive vehicles produced worldwide in 2022, an increase of 5.7% compared to 2021. Therefore, the growing automotive production will drive the future automotive textiles market.

Key Industry Players

Major companies operating in the automotive textiles market report are Reliance Industries Limited, Continental AG, Johnson Controls, Lear Corporation, Asahi Kasei Corporation, Adient PLC, DuPont de Nemours Inc., Toyota Boshoku Corporation, Autoliv Inc., Autoneum Holding AG, Borgers SE & Co. KGaA, Sage Automotive Interiors Inc., Global Safety Textiles GmbH, Shawmut Corporation, Bally Ribbon Mills, Ductmate Industires Inc., Arville Textiles Limited, Baltex Ltd., CMI Enterprises Inc., Jelliff Corp, Fabri-Tech Components Inc., Eleather Group, Adler Pelzer Group, Autotech Nonwovens Pvt. Ltd., Aunde S.A.

The automotive textiles market report table of contents includes:

1. Executive Summary
2. Automotive Textiles Market Characteristics
3. Automotive Textiles Market Trends And Strategies
4. Automotive Textiles Market – Macro Economic Scenario
5. Global Automotive Textiles Market Size and Growth
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31. Automotive Textiles Market Other Major And Innovative Companies
32. Global Automotive Textiles Market Competitive Benchmarking
33. Global Automotive Textiles Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Textiles Market
35. Automotive Textiles Market Future Outlook and Potential Analysis

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