Europe Automotive Fabric Market Growth Opportunities and Forecast by 2027

The Europe automotive fabric market is expected to grow from US$ 8,884.77 Mn in 2019 to US$ 12,272.01 Mn by 2027; it is estimated to grow at a CAGR of 4.3% from 2020 to 2027.

Germany, France, Italy, UK, and Russia are the economies considered in Europe. The companies are continuously enhancing their overall business processes to meet the customers' demands in the best possible way. Most nations in Europe witness snowfall, which hinders the efficiency of transportation in Europe. This is the main reason for automotive fabric agents finding a notable place in the region. Besides, around 16.2 million automobiles are produced across 25 countries in Europe. Most of the high-performance four-wheeler companies are located in Germany, Italy, France, the UK, and Poland. The demand for light vehicles and heavy trucks across Europe is fueling the automotive fabric market. Additionally, the consumers' rising personal disposable income has led to increasing demand for car interior products. These factors boost the automotive fabric market in Europe.

In case of COVID-19, in Europe, especially France, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of automotive manufacturing activities; other automotive components manufacturing sector has subsequently impacted the demand for automotive fabric during the early months of 2020. Moreover, decline in the overall manufacturing activities has led to discontinuation of automotive equipment manufacturing projects, thereby reducing the demand for automotive fabric. Similar trend was witnessed in other European countries, i.e., Russia, UK, Italy, Spain and Germany. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
 

With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe automotive fabric market. The focus on developing enhanced automotive interior and exterior aesthetics and properties has been increased owing to a shift in consumer lifestyle. The use of advanced and functional textiles and fabrics is not restricted to promote vehicle appearance but is also used to promote safety and performance of vehicle. Hence, the demand for automotive fabric has been driven by rising consumer focus toward safety, quality, and aesthetic properties. The evolution of advanced textile materials with multifunctional properties coupled with rising instances of accidents and mishaps associated with vehicle’s inefficiency are among the other factors proliferating the market growth. The market for automotive fabric is positively influenced by the stringent safety regulations formulated and incorporated by the governments in various economies. The mandatory installation and use of seat belts, airbags, and anti-lock braking systems (ABS) to promote in-vehicle safety is expected to increase the demand for high performing fabric material.

Europe Automotive Fabric Market Segmentation

Europe Automotive Fabric Market – By Application

• Covering Material
• Seating Component

Europe Automotive Fabric Market – By Covering Material Type

• Textiles
• Artificial Leather
• Genuine Leather
• Artificial Suede

Europe Automotive Fabric Market – By Country

• Germany
• France
• Italy
• UK
• Russia
• Poland
• Sweden
• Morocco
• Rest of Europe

Europe Automotive Fabric Report Scope