The global automotive fabrics market size is expected to reach USD 49.79 billion in 2030


Reports and data

Automotive Fabrics Market Size – USD 34.10 Billion in 2021, Market Growth – at a CAGR of 4.4%, Increase in Government Regulations on Driver and Vehicle Safety

NEW YORK, NY, USA, Feb. 21, 2022 /EINPresswire.com/ — Growing demand for environmentally friendly automotive fabrics and growing adoption of water, fire and UV resistant automotive fabrics (UV) are some of them. key factors driving market revenue growth

The global automotive fabrics market size is expected to reach USD 49.79 billion by 2030 and register a CAGR of 4.4% over the forecast period, according to a latest report by Reports and Data. Growing demand for eco-friendly automotive fabric materials and increasing adoption of water, fire and ultraviolet (UV) resistant automotive fabric materials are expected to drive the market revenue growth during the forecast period. Additionally, growing demand for luxurious car interiors and comfortable automotive fabrics is increasing the adoption of the products and is expected to drive the revenue growth of the global market in the coming years. Additionally, the growing demand for vinyl fabrics among consumers for seat covering due to ease of cleaning and maintenance is leading to increasing adoption of automotive vinyl fabrics. This is expected to drive the revenue growth of the global market. In addition, the increase in government regulations for driver and vehicle safety, the increasing use of airbags and seat belts due to strict government regulations, and the increasing adoption of highly water-resistant fabrics, fire and extreme weather conditions are expected to create increased demand for the automobile. fabrics and drive the revenue growth of the global market during the forecast period.

However, the high cost of raw materials is one of the major factors likely to hamper the revenue growth of the global market during the forecast period. Additionally, the high cost of materials could limit the adoption of automotive fabrics and drive consumers to opt for low-cost alternatives. This might restrain the revenue growth of the Global Automotive Fabrics Market to some extent.

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Companies profiled in the global market report include Adient Plc, Lear Corporation, Toyota Boshoku Corporation, Seiren Co., Ltd., Suminoe Textile Co., Ltd., SRF Limited, Grupo Antolin Irausa, SA, Heathcoat Fabrics Limited, Aunde Group SE, and Tesca Technologies Pvt. ltd.

Some highlights of the report

• The polyester segment is expected to account for a considerably large revenue share during the forecast period. Growing adoption of polyester in vehicles due to offered properties such as wrinkle and water resistance is expected to drive the segment’s revenue growth. Additionally, increasing adoption of polyester fabrics owing to their heat resistance, chemical resistance, and thermoplastic properties is creating higher product demand, which is expected to drive the revenue growth of the segment during the forecast period.
• The passenger vehicle segment is expected to account for the largest revenue share in the global automotive fabrics market between 2022 and 2030. Growing demand for automotive fabrics for floor coverings, insulation, door panels and covers seat capacity is a major factor that should drive the slice’s revenue growth. Additionally, the growing use of automotive fabrics for coating and laminating car seat fabrics is expected to drive the segment’s revenue growth.
• The Asia-Pacific automotive fabrics market is expected to account for the largest share of global market revenue during the forecast period. Rising demand for luxury vehicles and rapid expansion of the automotive industry in the countries in the region are expected to lead to increased adoption of automotive fibers and drive the market revenue growth in the region.
• In October 2021, Heathcoat Fabrics Limited, in conjunction with Honeywell, Inc., launched a new lightweight ballistic liner fabric woven with high tensile spectra fibres. The fabric offers a lighter, all-in-one solution than other alternative fabrics. Spectra fiber contributes to the overall ballistic performance of the finished product.

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For the purposes of this report, Reports and Data 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
• Suede
• Others

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

• Flooring
• Pre-assemble the interior component
• Padding
• Airbags
• Seatbelt
• Tires
• Others

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

• Tourism vehicle
• Commercial vehicle
o Light commercial vehicle
o Heavy trucks
o Buses & Coaches

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

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Key Benefits of Automotive Fabrics Report:

• Identification and analysis of market size and competition
• Qualitative and quantitative analysis of market data
• Data validated by industry experts after extensive primary and secondary research
• In-depth regional analysis of the Automotive Fabrics industry
• Profiling of key players with their company overview, business strategies, agreements and partnerships, and product portfolio
• SWOT analysis and Porter’s five forces for an in-depth understanding of the competitive landscape
• Feasibility analysis and investment analysis to enable strategic investment decisions
• Analysis of opportunities, drivers, constraints, challenges, risks and limitations

In conclusion, all aspects of the Automotive Fabrics Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market based on market drivers, limitations and its future prospects.

Tushar Rajput
Reports and data
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