Global Automotive Fabrics Market Size will Reach USD 40.15 Billion in 2027, Analysis, Growth, Components and Trends

iCrowd Newswire
21 Jun 2022, 22:48 GMT+10

From USD 33.45 billion in 2021, the global automotive fabrics market size will reach USD 40.15 billion by 2027. It will exhibit a 49% CAGR during the forecast period. Auto upholstery and interiors, such as interior carpets, seats, headliners, dashboards, and others, frequently use automotive fabrics. These textiles are designed to provide optimal comfort, safety, and security for passengers while driving. Furthermore, they improve the interior environment by giving the car a more appealing appearance.

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Leather, vinyl, nylon, and polyester are the four types of automobile materials most typically used in vehicles. Over the projected period, the polyester category is expected to account for a sizable revenue share. The increasing use of polyester fabric in automobiles is driving revenue growth, owing to its properties like lightweight, durability, wrinkle resistance, water, heat, chemical, and thermoplastic resistance.

Market Segmentation

By Fabric Type

Polyester

Vinyl

Leather

Nylon

Others

By Vehicle Type

Passenger Cars
- Compact Passenger Cars
- Mid-Sized Passenger Cars
- Premium Passenger Cars
- Luxury Passenger Cars

Light Commercial Vehicles

Heavy Trucks

Buses and Coaches

By Application

Pre-Assembled Interior Components (PRIC)

Belts and Hoses

Car Roof

Floor Covering

Upholstery

Tires

Spray Adhesive

Airbags

Safety Belts

Others

The vinyl segment is predicted to develop at a steady rate throughout the forecast period, owing to the rising adoption of rigid, simply handleable, and durable fabrics for automobiles, which is driving up market demand for vinyl fabrics among customers, and boosting market revenue growth. Due to its excellent durability, noise absorption, vast diversity of styles, and low energy consumption, vinyl fabrics are also employed in the interior components of door panels and dashboards.

The rising safety measures in automotive applications and increased need for weight reduction owing to strict CO2 emission norms are the major factors driving the growth of the global automotive fabrics market. Moreover, the increased demand for automobile accessories, rising disposable income, rising vehicle production volume, and robust economic development will have a favorable impact on the global automotive fabric industry.

COVID-19 Pandemic

Due to a drop in sale of vehicles, an interruption in the supply of raw materials, and a labour shortage, the COVID-19 outbreak has a negative influence on the automobile sector. Also, automotive fabric industry was also impacted as there decline in vehicle production globally.

Owing to increased sales of automated vehicles, there is increased consumer demand for safety and comfort as well surge in the need for environmental-friendly fabric materials and lightweight automotive fabrics to reduce vehicle pollution, thereby creating ample market opportunities for the growth of the automotive fabrics industry.

Regional Analysis

Asia-Pacific is anticipated to grow significantly during the forecast period owing to the increased demand for luxury vehicles, robust expansion of manufacturing industries, rising concern about the environmental impact of toxics, and vehicle safety will proliferate the market growth of the automotive fabrics industry in the region.

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The Interior Comfort Systems (ICS) business unit of Kongsberg Automotive has been acquired by Lear Corporation, an American automotive technology leader in seating and e-systems in May 2022. Lear's seat component capabilities will enhance its product offerings in thermal and comfortable seating solutions, such as seat heating and ventilation, massage, and lumbar support.

Some of the major players are: