North America Automotive Fabric Market is expected to reach US$ 4,931.46 Mn by 2027

Textiles Segment to Dominate North America Automotive Fabric Market during 2020-2027

According to The Insight Partners market research study on “North America Automotive Fabric Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast – by Application, Covering Material Type, and Country,” is expected to reach US$ 4,931.46 Mn by 2027 from US$ 3,874.48 Mn in 2019. The market is estimated to grow at a CAGR of 4.1% from 2020 to 2027. The report provides trends prevailing in the North America automotive fabric market along with the drivers and restraints pertaining to the market growth. Rising focus over safety, quality, and better automotive aesthetics and rise in the sales of vehicles are the major factors driving the growth of the North America automotive fabric market. However, the availability of alternative materials may hinder the growth of North America automotive fabric market.

In case of COVID-19, in North America, especially the US, 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 and parts manufacturing projects, thereby reducing the demand for automotive fabric. Similar trend was witnessed in other North American countries, i.e., Mexico, Canada, Panama, and Costa Rica. 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.

The market for North America automotive fabric is segmented into application, covering material type, and country. Based on covering material type, the market is segmented into textiles, artificial leather, genuine leather, and artificial suede. In 2019, the textiles segment held the largest share in North America automotive fabric market. Based on application, the North America automotive fabric is bifurcated into covering material and seating component. The covering material segment is expected to be the fastest growing segment over the forecast period. Furthermore, in this present scenario of COVID 19 pandemic, the North America automotive fabric market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the North American countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for automotive fabric.

Aunde Group SE, Bader Gmbh and Co. KG, Boxmark Leather, Classic Soft Trim, CMI Enterprises, JBS Couros, Lear Corporation, Moriden America, Inc., Sage Automotive Interiors INC., Seiren Co., Ltd, Shawmut Corporation, Suminoe Textile Co., Ltd. and TB Kawashima CO., Ltd. are some of the leading companies in the North America automotive fabric market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The report segments the North America Automotive Fabric market as follows:

• • Covering Material
  • Seating Component

• • Textiles
  • Artificial Leather
  • Genuine Leather
  • Artificial Suede

• • US
  • Canada
  • Mexico