Automotive Textiles Industry Overview
The automotive textiles market size was estimated at USD 28,919.6 million in 2021 and is expected to expand at a compounded annual growth rate (CAGR) of 3.2% from 2022 to 2030.
Growth in automobile production coupled with the increasing focus on safety devices is expected to propel the market growth during the forecast period.
Gather more insights about the market drivers, restrains and growth of the Global Automotive Textiles Market
The COVID-19 pandemic had a huge influence on the automotive sector, resulting in a considerable drop in automobile sales and a shortfall of raw materials. Furthermore, the loss of automobile manufacturers throughout the world has had an impact on the automotive fabric industry. Manufacturers have begun to diversify their businesses by producing PPE kits, face masks, and protective shields.
The market for automotive textiles is reaching pre-COVID levels, with a strong growth rate predicted during the projection period, owing to the economic recovery in most emerging countries. The frequent suspension of public transportation networks, along with the virus's highly infectious nature, fueled demand for passenger automobiles, resulting in a need for automotive textile goods.
Increased consumer preference in the U.S. for more modern automotive textiles that offer an appealing look to automobiles and increasing technical breakthroughs in the automotive sector are likely to boost revenue growth in the area. Furthermore, as the need for more efficient and cost-effective automotive textiles grows in various nations across the globe, the U.S. automotive textile market is predicted to expand on account of the above-mentioned factor.
Concerns about the environmental effect of toxins emitted during the manufacture of lightweight automotive textiles, as well as vehicle safety, are likely to drive market growth. Furthermore, the presence of major players in the U.S. is expected to increase the demand for premium and luxury textiles in car interiors and fast urbanization.
Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.
- Textile Market - The global textile market size was valued at USD 993.6 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030.
- Medical Textiles Market - The global medical textiles market size was valued at USD 24.70 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.5% from 2021 to 2028.
Key Companies profiled:
Some prominent players in the global automotive textiles market include
- Lear Corporation
- Johnson Controls
- Acme Mills
- Aunde SA
- Toyota Boshoku Corporation
- International Textile Group
- Borgers AG
- Dupont
- Autotech Nonwovens
- Suminoe Textile Co. Ltd.
- CMI Enterprises Inc.
- ASGLAWO Technofibre GmbH
- Sage Automotive Interiors, Inc.
- Baltex Inc.
- Reliance Industries Limited
- Auto Textiles S.A.
- Global Safety Textile GmbH
- SMS Auto Fabrics
- Autoliv Inc.
Order a free sample PDF of the Automotive Textiles Market Intelligence Study, published by Grand View Research.
The global Automotive Textiles Market is expected to value at USD 31.75 billion by 2024.
Automotive textiles industry is subject to witness a substantial growth due to the increasing demand for advanced safety features in both lightweight and heavyweight vehicles, and mandatory administrative regulations for incorporation of safety measures, majorly in the developed economies such as U.S. and the UK.
Factors responsible for sustained market growth, in the recent years, include large number of production lines in automotive manufacturing from Asia Pacific region and rising number of vehicles sales each year across the globe.Additionally, increasing investment by leading industry players to promote adoption of automotive textiles is expected drive the growth of automotive textile market over the forecast period.
Increasing vehicle manufacturing in Asia-Pacific region and growing penetration of automotive sector in both developing and developed economies are predicted to foster market expansion in the upcoming years.
Other factors responsible for amplifying market value of automotive textiles are easy availability, and variety of clothing materials with range of stylish designs, bright colors, and attractive prints.Numerous governmental initiatives promoting use of woven textiles instead of artificial fibers are estimated to boost the market demand for automotive textiles in near future.
Additionally, stringent governmental laws and regulation prevalent in the respective regions in regards to the environmental impact of artificial textiles are positively affecting market performance over the last few years.However, regulations such as anti-dumping duties on the large-scale import of automotive textiles and raw materials are hampering market performance to a certain extent.
The global Automotive Textiles market research report provides a detailed analysis of various elements influencing the Automotive Textiles market.
It also exhibits the major market players (CMI-Enterprises, Sage Automotive Interiors, DuPont, Trevira, Toyota Boshoku, Aunde, Autoliv, Baltex, SMS Auto Fabrics, Global Safety Textiles, International Textile Group, Auto Textile S.A., Suminoe Textile Co. Ltd., ASGLAWO Technofibre, Lear Corporation, Autotech Nonwovens, Johnson Controls, Reliance, Acme Mills, Borgers) in the Automotive Textiles market.Get a Free Sample Copy of the Automotive Textiles Market Report with Latest Industry Trends @ https://www.syndicatemarketresearch.com/sample/automotive-textiles-market(The Free sample copy covers: Report Overview, TOC, Segmentation, Report Structure, Competitive Landscape, and Methodology.
Every aspect of life globally has been affected by the epidemic of coronavirus (COVID-19).
Research analysts speculate competitive strengths and give separate competitive analysis for every contender.This report offers a thorough description, a wide product portfolio of important vendors, and business plans adopted by competitors.
The report gives accurate information about the leading market players such as market share, cost, price, revenue, growth rate, export/import, production, capacity, gross margin, and consumption.
The report further offers the marketing channel, cost structure, manufacturing process, and industry chain.
The global "Automotive Textiles Market" report is an information bank that delivers comprehensive information about the market ranging from the establishment to the predictable growth trend.
The key points, on which the report would focus, include the production strategies incorporated by the leading market contenders, global sales growth, factors influencing and restricting the market growth, and thorough analysis by market segmentation.
The global Automotive Textiles market provides a giant platform for several firms, organizations, and manufacturers established across the world Trevira, DuPont, Sage Automotive Interiors, Baltex, Reliance, Auto Textile S.A., Global Safety Textiles, SMS Auto Fabrics, Autoliv, Lear Corporation, Johnson Controls, Acme Mills, Aunde, Borgers, Toyota Boshoku, International Textile Group, Autotech Nonwovens, Suminoe Textile Co. Ltd., ASGLAWO Technofibre, CMI-Enterprises that are competing with each other in terms of offering best possible products and services to their customers and hold significant share over the market.
The report provides summarized analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis.Click Here To Access The Sample Report:: https://www.syndicatemarketresearch.com/sample/automotive-textiles-marketThe report presents a demand for individual segment in each region.
It demonstrates various segments Woven, Nonwoven, Composites and sub-segments Upholstery, Tires, Safety Devices, Engine Components of the global Automotive Textiles market.
Moreover, the global Automotive Textiles market report focuses on the current and upcoming policies and regulations to be incorporated by the federal bodies, which may enhance or suppress the market growth.Read Detailed Index Of Full Research Study @:: https://www.syndicatemarketresearch.com/market-analysis/automotive-textiles-market.htmlApart from this, the global Automotive Textiles market can be better analyzed through geographical as well as regional categorization of the market, which is also included in the report.
The global Automotive Textiles Market is expected to value at USD 31.75 billion by 2024.
Automotive textiles industry is subject to witness a substantial growth due to the increasing demand for advanced safety features in both lightweight and heavyweight vehicles, and mandatory administrative regulations for incorporation of safety measures, majorly in the developed economies such as U.S. and the UK.
Factors responsible for sustained market growth, in the recent years, include large number of production lines in automotive manufacturing from Asia Pacific region and rising number of vehicles sales each year across the globe.Additionally, increasing investment by leading industry players to promote adoption of automotive textiles is expected drive the growth of automotive textile market over the forecast period.
Increasing vehicle manufacturing in Asia-Pacific region and growing penetration of automotive sector in both developing and developed economies are predicted to foster market expansion in the upcoming years.
Other factors responsible for amplifying market value of automotive textiles are easy availability, and variety of clothing materials with range of stylish designs, bright colors, and attractive prints.Numerous governmental initiatives promoting use of woven textiles instead of artificial fibers are estimated to boost the market demand for automotive textiles in near future.
Additionally, stringent governmental laws and regulation prevalent in the respective regions in regards to the environmental impact of artificial textiles are positively affecting market performance over the last few years.However, regulations such as anti-dumping duties on the large-scale import of automotive textiles and raw materials are hampering market performance to a certain extent.
