Automotive Fabric Market Overview, Driving Factors, Key Players and Growth Opportunities by 2023-2028

According to IMARC Group's latest report, titled "𝗔𝘂𝘁𝗼𝗺𝗼𝘁𝗶𝘃𝗲 𝗙𝗮𝗯𝗿𝗶𝗰 𝗠𝗮𝗿𝗸𝗲𝘁: 𝗚𝗹𝗼𝗯𝗮𝗹 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗧𝗿𝗲𝗻𝗱𝘀, 𝗦𝗵𝗮𝗿𝗲, 𝗦𝗶𝘇𝗲, 𝗚𝗿𝗼𝘄𝘁𝗵, 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆, 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝟮𝟬𝟮𝟯-𝟮𝟬𝟮𝟴," the global automotive fabric market size reached US$ 37.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 46.8 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.

𝐘𝐞𝐚𝐫 𝐂𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐞𝐝 𝐭𝐨 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞:

Base Year of the Analysis: 2022
Historical Period: 2017-2022
Forecast Period: 2023-2028

Automotive fabrics help safeguard the internal coverings on doors, floors, and roofs of vehicles from stains, moisture, chemicals, and wear to give an aesthetic appeal to the interior of the vehicle. They are antibacterial, chemical, and ultraviolet (UV) resistant, flame retardant, anti-static, insect repellent, and odor absorbent. They also withstand severe conditions to offer the passengers maximum comfort, safety, and security during the drive. As a result, automotive fabrics are widely used in making seat covers, carpets, headliners, dashboards, safety belts, and airbags in a vehicle.

𝐍𝐨𝐭𝐞: 𝐖𝐞 𝐚𝐫𝐞 𝐫𝐞𝐠𝐮𝐥𝐚𝐫𝐥𝐲 𝐭𝐫𝐚𝐜𝐤𝐢𝐧𝐠 𝐭𝐡𝐞 𝐝𝐢𝐫𝐞𝐜𝐭 𝐞𝐟𝐟𝐞𝐜𝐭 𝐨𝐟 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐨𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭, 𝐚𝐥𝐨𝐧𝐠 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐢𝐧𝐝𝐢𝐫𝐞𝐜𝐭 𝐢𝐧𝐟𝐥𝐮𝐞𝐧𝐜𝐞 𝐨𝐟 𝐚𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐞𝐝 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬. 𝐓𝐡𝐞𝐬𝐞 𝐨𝐛𝐬𝐞𝐫𝐯𝐚𝐭𝐢𝐨𝐧𝐬 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐢𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐞𝐝 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭.

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Market Trends:

The market is primarily driven by the increasing sales of passenger cars across the globe. In addition, the rising adoption of electric vehicles (EV) is escalating the demand for automotive fabrics that provide noise, vibration, and temperature control. Besides this, with the implementation of stringent government regulations to promote the fuel efficiency of vehicles, manufacturers are relying on innovative fabrics to reduce weight and emissions, increase energy efficiency and improve the overall safety of vehicles.  This, coupled with the growing demand for environment-friendly and lightweight automotive fabrics to reduce vehicle pollution, is contributing to the market growth. Moreover, key players are introducing cost-effective, multi-functional, and advanced product variants. They are also investing in research and development (R&D) activities to develop high-performance materials, which is positively influencing the market growth. Furthermore, the escalating demand for luxury vehicles, rising disposable incomes of individuals, and the growing need for advanced safety features in vehicles are some of the other factors creating a positive market outlook across the globe.

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐅𝐚𝐛𝐫𝐢𝐜 𝐌𝐚𝐫𝐤𝐞𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐚𝐧𝐝 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

Breakup by Fabric

Polyester
Vinyl
Leather
Nylon
Others

Breakup by Vehicle Type:

Passenger Vehicle
Commercial Vehicle

Breakup by Application:

Carpets and Floor Covering
Upholstery
Pre-Assembled Interior Components
Tires
Safety-Belts
Airbags
Others

Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Competitive Landscape:

Acme Mills Company
Arvind Limited
Asahi Kasei Corporation
BOXMARK Leather GmbH & Co KG
Kyowa Leather Cloth Co. Ltd
Moriden America Inc
Navbharat Textile Industries
Parishudh Fibres Pvt. Ltd.
Seiren Co. Ltd
Suminoe Textile Co. Ltd
Uniroyal Engineered Products LLC

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://bit.ly/3OV0OUX

𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:                                      

𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 (𝟐𝟎𝟏𝟕-𝟐𝟎𝟐𝟐)
𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 (𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

𝐍𝐨𝐭𝐞: 𝐈𝐟 𝐲𝐨𝐮 𝐧𝐞𝐞𝐝 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞 𝐬𝐜𝐨𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐰𝐞 𝐰𝐢𝐥𝐥 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐢𝐭 𝐭𝐨 𝐲𝐨𝐮 𝐚𝐬 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧.

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 (𝐁𝐨𝐨𝐤 𝐍𝐨𝐰 𝐰𝐢𝐭𝐡 𝟏𝟎% 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 + 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨):

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𝐌𝐞𝐝𝐢𝐚 𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 30 N Gould St Ste R
City: Sheridan
State: WY
Country: United States
Website: https://www.imarcgroup.com/

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.