Automotive Fabric Market Size Report Analysis & Forecast 2030

Automotive Fabric Market Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Carpet, Headliner, Hood Liner, Insulation, Seat Covering Material, and Others) and Material (Textiles, Artificial Leather, Genuine Leather, and Artificial Suede)

  • Report Code : TIPRE00006211
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 143
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Automotive Fabric Market Size Report Analysis & Forecast 2030

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[Research Report] The automotive fabric market size was valued at US$ 41,513.83 million in 2022 and is projected to reach US$ 60,722.34 million by 2030; it is anticipated to record a CAGR of 4.9% from 2022 to 2030.

MARKET ANALYSIS

Automotive fabrics are the types of fabrics available in the form of woven, nonwoven, and coated. These type of fabric materials is quite flexible and possesses features such as resistance to UV rays and cold cracking along with durability and lightweight in design. Automotive fabrics provide seating comfort as well as promote the overall aesthetic experience. The growth of the market is strongly driven by advancements in technology, along with a preference toward superior comfort and high-quality materials. With the increasing production of automobiles, the demand for automobile accessories has also increased, which is expected to contribute to the growth of the automotive fabric market in the coming years.

GROWTH DRIVERS AND CHALLENGES

The advancement in automotive manufacturing capabilities and rising demand for electric vehicles are a few factors boosting the global automotive industry growth. Automotive is one of the leading industries in Europe as it contributes significantly to the GDPs of European countries, including Germany, Italy, and the UK, among others. The focus on developing automotive interior and exterior aesthetics and properties has increased, owing to consumer emphasis on quality and aesthetics, which drives the demand for automotive fabrics. Governments of various countries imposed stringent safety regulations, including the mandatory installation and use of seat belts, airbags, and anti-lock braking systems to promote in-vehicle safety, which is boosting the demand for high-performing and safe automotive fabric materials. Thus, the increasing vehicle production and rising focus on automotive aesthetics fuels the automotive fabric market growth.

Polyvinyl chloride (PVC) and polyurethane (PU) are two of the most used synthetic plastic polymers to make synthetic leather. The process of manufacturing synthetic leather made by using plastic is not an eco-friendly method. The production process of plastics used in most synthetic leathers is often a relatively energy-intensive and chemical-filled process that also produces significant waste. Hence, the harmful effects of PVC and PU, coupled with less durability of synthetic leather compared to leather, restrain the automotive fabric market growth.

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Automotive Fabric Market: Strategic Insights

Automotive Fabric Market

  • CAGR (2022 - 2030)
    4.9%
  • Market Size 2022
    US$ 41.51 Billion
  • Market Size 2030
    US$ 60.72 Billion

Market Dynamics

GROWTH DRIVERS
  • Increasing Vehicle Production and Sales
  • Rising Focus on Automotive Aesthetics and Interior Quality
FUTURE TRENDS
  • XXXXXXX
  • XXXXXXX
  • XXXXXXX
OPPORTUNITIES
  • XXXXXXX
  • XXXXXXX
  • XXXXXXX

Key Players

  • Lear Corp
  • Bader GmbH & Co KG
  • BOXMARK Leather GmbH & Co KG
  • AUNDE Group SE
  • Grupo Empresarial Copo SA
  • Classic Soft Trim Inc
  • Dual Borgstena Textile Portugal Unipessoal Lda
  • Shawmut Corp
  • Apex Mills Corp

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Component
  • Carpet
  • Headliner
  • Hood Liner
  • Insulation
  • Seat Covering Material
  • Others
Material
  • Textiles
  • Artificial Leather
  • Genuine Leather
  • Artificial Suede
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

REPORT SEGMENTATION AND SCOPE

The "Global Automotive Fabric Market Analysis and Forecast to 2030" is a specialized and in-depth study with a significant focus on global market trends and growth opportunities. The report aims to provide an overview of the global market with detailed market segmentation on the basis of component, material, and geography. The report provides key statistics on the consumption of automotive fabric across the world, along with their demand in major regions and countries. In addition, the report provides a qualitative assessment of various factors affecting the automotive fabric market performance in major regions and countries. It also includes a comprehensive analysis of the leading players in the automotive fabric market and their key strategic developments. Analysis of the market dynamics is also included to help identify the key driving factors, market trends, and lucrative opportunities, which, in turn, aid in identifying the major revenue pockets.

The ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global automotive fabric market, which helps understand the entire supply chain and various factors affecting the market growth.

SEGMENTAL ANALYSIS

The global automotive fabric market is divided on the basis of component and material. Based on component, the automotive fabric market is segmented into carpet, headliner, hood liner, insulation, seat covering material, and others. Based on material, the market is segmented into textiles, artificial leather, genuine leather, and artificial suede. Further, the carpet segment accounted for a significant share of the automotive fabric market in 2022. Fabrics for carpets are exclusively designed by a needle-punched, nonwoven, or tufted fabric. Polyester, polyamide, polypropylene, and aramid are preferably used as fiber materials in designing carpets to enhance automotive interiors. Headliners are composed of tricot knit fabric that offers a soft touch and uniform appeal and adds to overall interior styling. A hood liner is composed of a thin layer of insulating material with a proper sound barrier element, which prevents noise arising from the engine due to faulty hood insulation. Acoustic and thermal insulation is considered one of the essential features deployed across various automotive parts such as engine covers, under trays, bonnets, and other such automotive parts. Tri-laminate polyester is used as automotive seat fabric for many types of car seats.

Based on material, the textiles segment accounted for a significant share in 2022. Automotive textiles have several applications in cars, trains, buses, and other vehicles. Automotive textiles comprise different types of textile components, such as yarn fibers, filaments, and other fabrics. Artificial leather, also known as faux leather or synthetic leather, is designed with the help of polyvinyl chloride (PVC) or polyurethane (PU). Genuine leather is perceived to be an expensive form of fabric material used in the automotive industry for upholstery components. The demand for synthetic suede continues to grow, often used for designing high-end automobile components. With the shift in consumer lifestyle and rising preference toward luxury driving and car-sharing services, the market for artificial suede is thriving globally.

REGIONAL ANALYSIS

The report provides a detailed overview of the global automotive fabric market with respect to five major regions—North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific accounted for a significant share of automotive fabric market and was valued at more than US$ 20 billion in 2022. Asia Pacific is a hub for automotive manufacturing with a large presence of international and domestic players operating in the region. The International Organization of Motor Vehicle Manufacturers report stated that various countries in Asia Pacific produced ~46.73 million units of motor vehicles in 2021. The Europe market is expected to reach more than US$ 10 billion by 2030. The automotive industry is a major industry in Europe as it contributes significantly to the GDP of many European countries, including Germany, the UK, and Italy. Automotive fabric is extensively used in automotive carpeting, trunk areas, interior trims, soundproofing, and insulation. The North America automotive fabric market is expected to record a CAGR of ~4% from 2022 to 2030. North America has well-established automotive manufacturers such as Audi AG, Bayerische Motoren Werke AG, Stellantis NV, Ford Motor Company, Honda Motor Co Ltd, Hyundai Motor Company, Mercedes Benz, and Volkswagen Group. Therefore, the expansion of the automotive industry is projected to fuel the demand for automotive fabrics in North America in the coming years.

INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES

Various initiatives taken by the key players operating in the automotive fabric market are listed below:

  • In September 2023, Apex Mills acquired the HanesBrands Inc. facility in Stuart, the US. The acquisition has helped in the expansion of elastomeric knitting, dyeing, and finishing capabilities.
  • In March 2022, Lear Corp completed the acquisition of Thagora Technology SRL, a Roman company. The acquisition helped Lear Corp to add scalable smart manufacturing technology to its competencies.
  • In February 2022, Lear Corp announced the complete acquisition of Kongsberg Automotive’s Interior Comfort Systems business unit. The acquisition enhanced Lear’s seat component capabilities and expanded product offerings.

Automotive Fabric Market Report Scope

Report Attribute Details
Market size in 2022 US$ 41.51 Billion
Market Size by 2030 US$ 60.72 Billion
Global CAGR (2022 - 2030) 4.9%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Component
  • Carpet
  • Headliner
  • Hood Liner
  • Insulation
  • Seat Covering Material
  • Others
By Material
  • Textiles
  • Artificial Leather
  • Genuine Leather
  • Artificial Suede
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Lear Corp
  • Bader GmbH & Co KG
  • BOXMARK Leather GmbH & Co KG
  • AUNDE Group SE
  • Grupo Empresarial Copo SA
  • Classic Soft Trim Inc
  • Dual Borgstena Textile Portugal Unipessoal Lda
  • Shawmut Corp
  • Apex Mills Corp
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    IMPACT OF COVID-19 PANDEMIC/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

    Before the COVID-19 pandemic, many countries across the globe reported economic growth. The key manufacturers invested in the research and development of automotive fabric. They also focused on the expansion of geographic reach through merger and acquisition strategies to cater to a wide customer base. Before the COVID-19 pandemic, the automotive fabric producers reported steady growth in manufacturing, due to increasing demand from the automotive industry. The automotive fabric manufacturers were more focused on developing eco-friendly, durable, and easy-to-clean fabrics. According to the US International Trade Commission (USITC), owing to the high vulnerability of the automotive industry, vehicle sales in the US decreased by 15% in 2020 compared to 2019. During the pandemic, supply chain disruptions, raw material and labor shortages, and operational difficulties created a demand and supply gap, which adversely affected the automotive fabric market growth. Manufacturers reported challenges in sourcing raw materials and ingredients from suppliers, thereby impacting the production rate of automotive fabric.

    Further, production shortfall caused by severe disruptions in supply chains and limited skilled laborers created a demand-supply gap in many regions, particularly Asia Pacific, Europe, and North America. The demand and supply gap was also recorded in the aforementioned regions due to fluctuating demand from the automotive industry. In 2021, rising vaccination rates contributed to improvements in the overall conditions in different countries, which led to conducive environments for the chemicals & materials industry. The sales of automotive fabric increased with the resumption of production & sales operations of companies operating in the automotive industry.

    COMPETITIVE LANDSCAPE AND KEY COMPANIES

    Lear Corp, Bader GmbH & Co KG, BOXMARK Leather GmbH & Co KG, AUNDE Group SE, Grupo Empresarial Copo SA, Classic Soft Trim Inc, Dual Borgstena Textile Portugal Unipessoal Lda, Shawmut Corp; Apex Mills Corp, Seiren Co Ltd are among the key players operating in the automotive fabric market.

    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Component, and Material

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    Frequently Asked Questions


    Based on component, which segment is leading the global automotive fabric market during the forecast period?

    The carpet segment held the largest market share. Automotive carpet is effectively designed to keep the vehicle's floor free from dirt, wear, and corrosion from salt, thereby maintaining cleanliness.

    Based on material, which segment is leading the global automotive fabric market during the forecast period?

    The textiles segment held the largest share of the market in 2022. Automotive textiles have several applications in cars, buses, and other vehicles. Automotive textiles comprise different types of textile components such as yarn fibers, filaments, and other fabrics.

    Based on region, which region held the fastest CAGR in global automotive fabric market?

    Asia Pacific is estimated to register the fastest CAGR in the global automotive fabric market over the forecast period. The growing automotive industry in Asia Pacific is expected to create lucrative business opportunities for the automotive fabric market players in the region during the forecast period.

    Based on component, which segment held the fastest CAGR in global automotive fabric market?

    The carpet segment is estimated to register the fastest CAGR in the global automotive fabric market over the forecast period. Polyester, polyamide, polypropylene, and aramid are preferably used as fiber materials in designing carpets to enhance automotive interiors.

    Which region held the largest share of the global automotive fabric market?

    In 2022, Asia Pacific held the largest revenue share of the global automotive fabric market. The automotive fabric market growth in Australia, China, India, and Indonesia is attributed to growing automotive production in the region.

    Can you list some of the major players operating in the global automotive fabric market?

    The major players operating in the global automotive fabric market are Lear Corp, Bader GmbH & Co KG, BOXMARK Leather GmbH & Co KG, AUNDE Group SE, Grupo Empresarial Copo SA, Classic Soft Trim Inc, Dual Borgstena Textile Portugal Unipessoal Lda, Shawmut Corp; Apex Mills Corp, Seiren Co Ltd, DK Schweizer Leather Sdn Bhd, Suminoe Textile Co Ltd, JBS Couros SA, Kyowa Leather Cloth Co Ltd, Moriden America Inc, Scottish Leather Group Ltd, Vulcaflex SpA, TB Kawashima Co Ltd, Martur Fompak International, and Sage Automotive Interiors Inc.

    The List of Companies - Automotive Fabric Market

    1. Lear Corp
    2. Bader GmbH & Co KG
    3. BOXMARK Leather GmbH & Co KG
    4. AUNDE Group SE
    5. Grupo Empresarial Copo SA
    6. Classic Soft Trim Inc
    7. Dual Borgstena Textile Portugal Unipessoal Lda
    8. Shawmut Corp
    9. Apex Mills Corp
    10. Seiren Co Ltd

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