Press release
Global automotive fabric market is expected to witness significant growth over the forecast period and top key players are Baltex,Auto textile S.A.,Lear Corporation,Adient plc,Sage Automotive Interiors,Suminoe Textile Co., Ltd.,,Heathcoat Fabrics Limited,
Market Size and Forecast
Global automotive fabric market is expected to witness significant growth over the forecast period. The market is expected to thrive on the back of growing automotive industry across the globe. Increasing sales of vehicles and increased spending of consumers on vehicles ornament are likely to be the key drivers behind the growth of market during the forecast period.
Regionally, the global automotive fabric market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East & Africa regions. Among these regions, Asia Pacific automotive fabric market is expected to witness significant growth in global automotive fabric market by the end of forecast period. Rising vehicle production in Asian countries and increasing sales of passenger cars are key factors which are environed to strengthen the market of automotive fabrics in this region. Additionally, India, China and Japan are some of the major vehicle producer countries and are expected to contribute significantly in the growth of Asia Pacific automotive fabrics market during the in Asia Pacific region.
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Apart from Asia Pacific, North America region grabbed major shares in previous years and is accepted to witness robust growth over the forecast period. Increasing sales and production of luxury vehicles in U.S. and high spending by consumers on vehicle service and up gradation are expected to enhance the demand for automotive fabric market in this region. Apart from this, U.S. is likely to contribute significantly in the growth of automotive fabric market in North America region during the forecast period.
Further, upholstery segment by application grabbed major shares of market in previous year and is expected to continue this positive growth over the forecast period. Availability of wide range of automotive fabrics such as plastics and leathers that can enhance the interior ambiance and can offer better look to the vehicle are expected to drive the growth of this segment during the forecast period.
Market Segmentation
Our in-depth analysis has segmented global Automotive Fabric market into the following segments:
By Vehicle Type
Passanger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Application
Pre-assembled Interior Components
Upholstery
Tires
Airbags
Safety-Belts
Others
By Sales Channel
OEM
Aftermarket
By Region
Global automotive fabric market is further classified on the basis of region as follows:
North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.
Growth Drivers & Challenges
The increasing sales of vehicles are the major factor which is responsible for the growth of automotive fabric market. In addition to this, the global automotive industry is driven by a number of factors such as rinsing consumer’s affordability, growing income of consumers and availability of easy financing options to buy a vehicle. Further, this growth in automotive industry is fuelling the growth of automotive fabric market.
According to OICA, 94.7 million motor vehicle productions was held to be in 2016. Moreover, this represented a Y-o-Y growth of 5.0% as compared to 2015. Additionally, automotive production is anticipated to increase on the account of rising demand. This factor signals promising growth of the automotive fabric market in upcoming years.
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Additionally, changing lifestyle of consumers and rising preference for cars over motor bikes is a key factor which has led leading automakers to expand their production range to meet the increasing demand for vehicles across all regions. For instance, total global production of cars in 2016 reached 72,105,435 as compared to 68,539,516 in 2015. Automakers such as Jaguar Land Rovers and BMW are executing aggressive expansion plan to boost the production and sales of the company across the globe. This factor is projected to bolster the growth of automotive fabric market in future.
Growing aftermarket sales of automotive fabric is also strengthening the growth of market across all regions.
However, presence of alternative of fabrics such as synthetic leather, natural leather, and PVC may hamper the growth of automotive fabric market in upcoming years.
Key Players
DuPont
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
Baltex
Auto textile S.A.
Lear Corporation
Adient plc
Sage Automotive Interiors
Suminoe Textile Co., Ltd.,
Heathcoat Fabrics Limited
Seiren Co., Ltd.
Acme Mills Company
Others
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The global automotive fabric market is segmented as follows:
By Vehicle Type Market Size & Y-O-Y Growth Analysis
By Application Market Size & Y-O-Y Growth Analysis
By Sales Channel Type Market Size & Y-O-Y Growth Analysis
By Region Market Size & Y-O-Y Growth Analysis
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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About Us
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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