Automotive Fabric Market 2022-2028

Description

List of Tables

Title:Global Automotive Fabric Market Size, Share & Trends Analysis Report, By Fabric Type (Polyester, Vinyl Leather, Nylon and Others), By Application (Carpet, Upholstery, Pre-Assembled Interior Components, Safety Belts, and Airbags), Forecast Period (2022-2028).

The global automotive fabric market is anticipated to grow at a CAGR of 3.0% during the forecast period. The rising demand for eco-friendly automotive fabric materials and the increasing adoption of automotive fabrics that are resistant to water, fire, and ultraviolet (UV) rays are some major factors that fuel the market growth. Moreover, increasing purchasing power and rapidly changing consumer needs towards premium automotive products, along with the inclination of consumers' interest towards comforts that protect seat, and floor of the vehicles from dirt, water, and other damage is driving the growth of the global automotive fabric market. For instance, in April 2019, Archroma launched Fadex AS New, a new super UV protection to make automotive and transportation textiles more resistant to light. Archroma developed Fadex AS New to provide textile manufacturers serving the automotive industry with a new, advanced light fastness improver, especially when used in Archroma's LIGHT FAST CAR system with its Dorospers A & K high-light-fast dyes.

The global automotive fabric market is segmented based on fabric type and application. Based on fabric type, the market is segmented into polyester, vinyl leather, nylon and others. Based on application, the market is bifurcated into carpet, upholstery; pre-assembled interior components, safety belts, and airbags. Based on application, the pre-assembled interior components segment is proliferating owing to advancements in in-vehicle infotainment, rising focus on the safety of the drivers, and growing demand for premium vehicles with the luxurious automotive interior. Besides, benefits such as advanced global position system (GPS) and integration of AI in the vehicles, are expected to support the growth of the pre-assembled interior components segment. In May 2022, Agro AI launched driverless ride-hailing services in Austin and Miami. Argo's AI driverless operations likely won't stop at Miami and Austin. The company is actively testing its autonomous vehicles in Palo Alto, Detroit, Pittsburgh, Washington, D.C. and Hamburg, Germany.

Geographically, the global automotive fabric market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The European region is expected to grow at the fastest rate during the forecast period, owing to the increasing need for more efficient and cost-effective automotive fabrics in the region. Moreover, the rapid adoption of new and more technologically advanced material for manufacturing lightweight vehicles are further expected to drive the growth of the market in the European region.

The major companies serving the global automotive fabric market include Adient plc, Lear Corp., Toyota Boshoku Corp., Takata Corp., and Seirin Co., Ltd. The market players are contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2020, Adient agreed to sell its automotive fabrics manufacturing business including the lamination business to Sage Automotive Interiors, as Asahi Kasei Co., for 175 million. The agreement results in expanding the capacity and capability for automotive interior products in the European market. With several locations in Europe, the textile facilities are suited for the company to supply the automotive cut and sew facilities in Central and Eastern Europe.

Research Methodology

The market study of the global automotive fabric market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Automotive Fabric Market Research and Analysis by Fabric Type
Global Automotive Fabric Market Research and Analysis by Application

The Report Covers:

Comprehensive research methodology of the global automotive fabric market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the automotive fabric market.
Insights about market determinants that are stimulating the global automotive fabric market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026881

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight and Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Adient plc
  - 3.1.1.1. Overview
  - 3.1.1.2. Financial Analysis
  - 3.1.1.3. SWOT Analysis
  - 3.1.1.4. Recent Developments
- 3.1.2. Lear Corp.
  - 3.1.2.1. Overview
  - 3.1.2.2. Financial Analysis
  - 3.1.2.3. SWOT Analysis
  - 3.1.2.4. Recent Developments
- 3.1.3. Toyota Boshoku Corp.
  - 3.1.3.1. Overview
  - 3.1.3.2. Financial Analysis
  - 3.1.3.3. SWOT Analysis
  - 3.1.3.4. Recent Developments
  - 3.1.3.5. Recent Developments
- 3.1.4. Takata Corp.
  - 3.1.4.1. Overview
  - 3.1.4.2. Financial Analysis
  - 3.1.4.3. SWOT Analysis
  - 3.1.4.4. Recent Developments
  - 3.1.4.5. Recent Developments
- 3.1.5. Seirin Co., Ltd.
  - 3.1.5.1. Overview
  - 3.1.5.2. Financial Analysis
  - 3.1.5.3. SWOT Analysis
  - 3.1.5.4. Recent Developments
  - 3.1.5.5. Recent Developments
3.2. Key Strategy Analysis

4. Market Segmentation

4.1. Global Automotive Fabric Market by Fabric Type
- 4.1.1. Polyester
- 4.1.2. Vinyl Leather
- 4.1.3. Nylon
- 4.1.4. Others
4.2. Global Automotive Fabric Market by Application
- 4.2.1. Carpet
- 4.2.2. Upholstery
- 4.2.3. Pre Assembled Interior Components
- 4.2.4. Safety Belts
- 4.2.5. Airbags

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. ACME
6.2. Fabri-Tech Components Inc.
6.3. Heathcoat Fabrics Ltd.
6.4. Jason Mills LLC
6.5. Lea & Sachs, Inc.
6.6. Martur
6.7. Sage Automotive Interiors
6.8. Seiren Group
6.9. Southwest Fabrics & Foam Products, L.P.