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Automotive Fabric Market Growth 2019: Adient Plc, Lear Corporation, Toyota Boshoku Corporation, Seiren Co., Ltd., Suminoe Textile Co., Ltd., Sage Automotive Interiors Inc., Takata Corporation
Automotive Fabric Market
The systematic study of this Automotive Fabric Market report helps in planning development strategies to increase deals and assemble brand picture in the market. The report analyzes and predicts general market drivers as customers’ demands, government policies, and requests which are identified with customer purchasing behavior. Global Automotive Fabric Market research report is an essential piece of arranging business and sorted out an approach to unite and record data about the Chemical and Materials business, market, or potential clients. This Automotive Fabric Market research report additionally contains vital profiling of real players in the market, fastidiously examining their center abilities, and a clear picture of market competition.
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Global Automotive Fabric Market By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Trucks, Buses & Coaches), Application (Floor Covering, Upholstery, Pre-Assembled Interior Component (PRIC), Tires, Safety-Belts, Airbags, Other Applications), By Fabric Type (Polyester, Vinyl, Leather, Nylon, others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Forecast to 2026
Market Analysis:
Global Automotive Fabric Market is expected to rise from its initial estimated value of USD 32.55 billion in 2018 to an estimated value of USD 44.55 billion by 2026, registering a CAGR of 4% in the forecast period of 2019-2026. This rise in market value can be attributed to the increase in awareness regarding the benefits of automotive fabric and rising safety measures in automotive application.
Key Market Competitors: Global Automotive Fabric Market
Few of the major competitors currently working in automotive fabric market are
• Adient Plc (Ireland),
• Lear Corporation (U.S.),
• Toyota Boshoku Corporation (Japan),
• Seiren Co., Ltd. (Japan),
• Suminoe Textile Co., Ltd. (Japan),
• SRF Limited (India),
• Sage Automotive Interiors Inc. (U.S.),
• Takata Corporation (Japan),
• Grupo Antolin Irausa, S.A. (Spain),
• Tenowo GmbH (Germany),
• Suminoe Textile Co., Ltd (Japan),
• MARTUR (Turkey),
• Glen Raven, Inc. (US),
• The Haartz Corporation (US),
• BMD Private Limited (India),
• Borgers SE & Co. KGaA (Germany),
• Chori Co., Ltd.(Japan),
• CMI Enterprises (US),
• Heathcoat Fabrics Limited (UK),
• Moriden America, Inc. (US),
• Trevira GmbH,
• Uniroyal Engineered Products (Germany),
• TB Kawashima Co., Ltd (Japan),
• Others.
Key Developments in the Market:
• In April 2019, Archroma acquired M. Dohmen S.A. Archroma is a global leader in color and specialty chemicals towards sustainable solutions. Focus of this acquisition is to present a system designed to keep fabric colors deep for Light Fast Cars.
• In Sept 2018, Intel acquired NetSpeed Systems. NetSpeed’s network-is a startup that design tools to automate front-end design and generate programmable, synthesizable high-performance and energy-efficient interconnect fabrics, The acquisition will give Intel a key missing ingredient in its plan to develop customized heterogeneous solutions for its customers.
Market Definition: Global Automotive Fabric Market
Automotive fabric is one type of upholstery. Automotive fabric includes original equipment material and aftermarket goods. It has its wide application in floor covering, upholstery, pre-assembled interior component, and others. Rising safety measures in automotive application may act as the major driver in the growth of automotive fabric market. On the other side, availability of substitutes may hamper the market.
Market Drivers:
• There is rise in safety measures in automotive application is expected to be driving the market growth
• There is increase in weight reduction due to stringent Co2 emission is is also expected to drive the market growth.
Market Restraints:
• Availability of substitutes is expected to act as a restraint to the market growth.
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Segmentation:
By Fabric Type
• Polyester
• Vinyl
• Leather
• Nylon
• Others
By Vehicle Type
• Passenger Cars
• Light Commercial Vehicles
• Heavy Trucks
• Buses & Coaches
By Application
• Floor Covering
o Mainly Covers Carpets
o Largest Automotive Fabric Application
• Upholstery
o Mainly Used for Seating Fabrics
o Comfortable Seats and Aesthetic Design Supporting the Market Growth
• Pre-Assembled Interior Component (PRIC)
• Tires
• Safety-Belts
• Airbags
• Other Applications
By Geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa
Competitive Analysis: Global Automotive Fabric Market
Global automotive fabric market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive fabric market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved
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