Fabric industry

Global Automotive Fabric Industry to 2030 – Growing Demand for Environmentally Friendly Automotive Fabric Materials Driving Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Automotive Fabrics Market by Fabric Type, by Application, by Vehicle Type and Region, Forecast to 2030” report has been added to from ResearchAndMarkets.com offer.

According to a latest report, the global automotive fabrics market size is expected to reach USD 49.79 billion by 2030 and register a revenue CAGR of 4.4% over the forecast period. The automotive industry has seen steady growth in recent years, which is expected to continue over the next few years.

Rising demand for luxury vehicles and growing disposable income of consumers are some of the major factors driving the growth of the market. The major growth factors in the industry are increased demand for vehicles, technological advancements in fabric manufacturing, and growing preference for luxury cars. However, high cost of raw materials and stringent environmental regulations are restraining the growth of automotive fabrics market.

Additionally, increasing government regulations and environmental concerns are expected to drive the automotive fabrics market over the forecast period. For example, the European Commission has put in place several directives and regulations to reduce the environmental impact of vehicles. The End of Life Vehicle (ELV) Directive was put in place in 2000 to ensure that the vehicle is recycled and reused at the end of its life.

Automotive fabrics are made of woven fabric or other textile materials used in automotive construction. These fabrics can be used for a variety of applications including upholstery, carpeting and floor mats. There are a wide variety of automotive fabrics available on the market, each with its own unique set of properties.

Some highlights of the report

  • The polyester segment is expected to account for a considerably large revenue share over the forecast period owing to the widespread use of the product in automotive fabric applications. Polyester automotive fabrics are used in seats, door panels, headliners, carpets and floor mats, among others. Additionally, polyester fibers offer high tear resistance and flexibility, which is expected to fuel the growth of the segment over the forecast period.

  • Automotive cotton fabrics are expected to grow at a moderate pace over the forecast period. The product is widely used in seat covers, side panels and headliners, among others. Additionally, cotton automotive fabrics have high absorbency and are comfortable to sit on, which is expected to fuel the growth of the segment over the forecast period.

  • Nylon automotive fabrics are expected to grow at a significant rate during the forecast period. The product is widely used in seat covers, door panels, and carpets and floor mats, among others. Additionally, nylon automotive fabrics offer high abrasion resistance and are durable, which is expected to fuel the growth of the segment over the forecast period.

  • PVC (Polyvinyl Chloride) automotive fabrics are expected to grow at a rapid rate during the forecast period. The product is widely used in seat covers, door panels, and carpets and floor mats, among others. Additionally, PVC automotive fabrics offer high abrasion resistance and are durable, which is expected to fuel the growth of the segment over the forecast period.

  • The passenger vehicles segment is expected to account for the largest revenue share in the global automotive fabrics market between 2022 and 2030 owing to the growing demand for comfort and luxury in passenger vehicles. Rising consumer preference for SUVs over sedans is also expected to drive the automotive fabrics market growth in the passenger vehicle segment over the forecast period.

Market dynamics

Drivers

  • Growing demand for environmentally friendly automotive fabrics

  • Growing adoption of water, fire and ultraviolet (UV) resistant automotive fabrics

  • Increase in demand for auto accessories among consumers

  • Growing consumer preference for modified passenger car interiors

Constraints

  • Concerns about poor moisture absorption capacity of automotive fabrics

  • High cost of raw materials

  • Concerns about the quality, durability and sun protection of automotive fabrics

Companies cited

  • Adient S.A.

  • Lear Company

  • Toyota Boshoku Corporation

  • Seiren Co.Ltd.

  • Suminoe Textile Co.Ltd.

  • FRS limited

  • Antolin Irausa Group

  • HER

  • Heathcoat Fabrics Limited

  • Aunde Group SE

  • Tesca Technologies Pvt. ltd

For the purposes of this report, the editor has segmented the global automotive fabrics market on the basis of fabric type, application, vehicle type and region:

Fabric Type Outlook (Revenue, USD Billion, Volume, Million, Square Meter; 2019-2030)

  • Polyester

  • Leather

  • Vinyl

  • Nylon

  • Sweden

  • Others

Application Outlook (Revenue, USD Billion, Volume, Million, Square Meter; 2019-2030)

  • Flooring

  • Pre-assemble interior component

  • Tapestry

  • Airbags

  • Seatbelt

  • Tires

  • Others

Vehicle Type Outlook (Revenue, USD Billion, Volume, Million, Square Meter; 2019-2030)

  • Tourism vehicle

  • commercial vehicle

  • light commercial vehicle

  • Heavy trucks

  • Buses and coaches

Regional Outlook (Revenue, USD Billion, Volume, Million, Square Meter; 2019-2030)

  • North America

  • WE

  • Canada

  • Mexico

  • Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Sweden

  • BENELUX

  • The rest of Europe

  • Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Rest of APAC

  • Latin America

  • Brazil

  • Rest of LATAM

  • Middle East and Africa

  • Saudi Arabia

  • United Arab Emirates

  • South Africa

  • Israel

  • Rest of MEA

For more information on this report, visit https://www.researchandmarkets.com/r/bmt5ja