Automotive Fabric Market to Register Substantial Expansion by 2025

Automotive fabric is designed to provide a maximum comfort as well as pleasure ride to the passenger. It enhances the vehicle safety as well as interior ambiance. The automotive fabric is UV rays stable, cold cracking resistant, easy to clean, durable, and aids in minimizing fatigue. There are various fabrication technologies used by automotive industry, whether for heavy vehicles or niche motorcycles manufacture. Thus, manufacturers are increasingly inclining towards composite material with light weight, lower moisture content, and advanced adhesive technology to improve the sealing, harshness, and vibration performance of the product. Automotive fabric such as truck lining, headlining, spray adhesive is also used to replace or repair damaged interior surfaces. It requires less non-renewable resource coupled with help in reducing petroleum consumption, and emit fewer greenhouse gas. Moreover, automotive fabric helps manufacturers to meet their sustainable strategy goals by delivering advanced products to its end user.

Automotive fabric market is witnessing maximum growth owing to expanding demand for automobiles, rising safety measures, increase in the vehicle production volume, growing disposable income, and living standard of people. Moreover, growing automotive industry, rapidly expanding demand for automobile accessories, rapidly economic development, and advanced features such as elasticity, resistance to breakage & wear are some of the factors that can surge in demand for automotive fabric over the forecast period. However, availability of alternative materials such as synthetic leather, natural leather, and PVC may hamper the growth of Automotive Fabric market in the near future. 

Automotive fabric market revenue is expected to grow at a rapid growth rate, over the forecast period. The market is anticipated to perform well soon owing to use of automotive fabric in carpets because of their vibration and noise absorption properties. Moreover, this type of materials are less in weight and cost effective along with rising consumer awareness, and safety concerns are some of the factors that can significantly enhance the market revenue growth of automotive fabric in near future. Based on application, floor covering segment is anticipated to grow at the fastest CAGR over the forecast period attributed to rising adoption of carpets in automobiles coupled with enhancing the interior ambiance of the vehicle.

Depending on the geographic region, Automotive Fabric market is divided into seven key regions: North America, Eastern Europe, Latin America, Western Europe, Japan, Asia-Pacific, and the Middle East & Africa. North America dominates the Automotive Fabric market followed by Europe, and Japan owing to presence of major players, developed technology, frequently launch of novel product, and established research centers in these regions. Asia Pacific, Middle East and Africa hold huge potential and shows substantial growth in terms of increasing population, expanding middle class income people, rising demand for passenger cars in developing countries, urbanization, and key players expanding their business in these regions are some of the factors which strengthen the growth of automotive fabric market throughout the forecast period.

Some players of automotive fabric market are Toyota Boshoku Corporation, Sage Automotive Interiors Inc., Suminoe Textile Co., Ltd., Lear Corporation, J & J Auto Fabrics, Inc., SRF Limited, Adient PLC, Seiren Co., Ltd., Moriden America Inc., Faurecia S.A., Trevira GmbH, Heathcoat Fabrics Limited, Takata Corporation, Acme Mills Company, Grupo Antolin Irausa, S.A., TWI Ltd., Bmd Private Ltd., Yanfeng Automotive Trim Systems Co., Ltd., Martur Automotive Seating Systems, Haartz Corporation, Glen Raven Inc., and Tenowo GmbH.

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Yogesh

Yogesh Sengar is an experienced digital marketing professional. He tracks the latest trends and happenings in the digital marketing landscape, also offering his opinion on their impact on businesses. He has experience in both B2C and B2B markets. His hobbies include reading books and travelling.