IMARC Group, a leading market research company, has recently releases report titled “Automotive Fabric Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global automotive fabrics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the Automotive Fabric market?
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.
What are Automotive fabrics?
Automotive fabrics represent a range of non-woven, woven, knitted, or composite textiles that are used to provide an aesthetically-appealing interior look to automobiles. Some common fabric types include polyester, vinyl, leather, and nylon. These materials are soft, lightweight, elastic, easy to maintain, durable, heat-resistant, and offer high performance. Apart from this, they have excellent noise-insulating properties, provide optimal strength, and ensure the security of passengers and drivers. As a result, automotive fabrics are utilized to design upholstery and several internal vehicle components, including seatbelts, carpets, dashboards, and seat covers.
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What are the growth prospects and trends in the Automotive fabrics industry?
The significant expansion in the automotive industry and the increasing need for luxurious and lightweight vehicles to enhance fuel efficiency and mitigate carbon emissions are majorly driving the market growth. Additionally, the implementation of favorable government safety regulations and measures have prompted manufacturers to adopt automotive fabrics to fabricate carpets, airbags, and safety belts, which, in turn, is favoring the market growth. Moreover, the advent of eco-friendly fabric materials made from numerous renewable raw materials, including bamboo, bio-resins, and sustainable paints, along with their deployment in automobiles to engineer internal vehicle parts, are propelling the market growth. Besides this, the increasing uptake of recycled polyethylene terephthalate (RPET) for manufacturing automotive fabric, inflating disposable income levels, and fuelling demand for automobile accessories for passenger cars are contributing to the market growth.
Who are the key players operating in the industry?
The report covers the major market players including:
- 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.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Fabric Type:
- 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
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Explore full Report with TOC & List of Figures: https://www.imarcgroup.com/automotive-fabric-market/toc
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.
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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.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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