Press release
Automotive Textile Demand for vehicle safety coupled with enhanced comfort to boost Market 2020-2027
According to the research study published by, The global automotive textiles market was valued at $40,031.0 million in 2019 and is anticipated to grow at a CAGR of 3.59% from 2020 to 2027. The factor impacting the overall growth of the automotive textile market growth include growing environmental concerns, growing demand for vehicle safety coupled with enhanced comfort, and among others.COVID Analysis
According to our Analyst Analysis, The COVID-19 pandemic has led to supply disruptions and shortages of automotive components and related products. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to remain to continue for some time. This will impact the growth of the automotive textile market for 1-2 years.
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Competitor Analysis
The automotive textile market is a non-apparel textile which is widely used in passenger cars and commercial vehicle and consist of major players such as Adient Plc, Lear Corporation, Toyota Boshoku, Suminoe Textile, and Others
Segment Analysis
The automotive textile market report published today includes market revenue generated through product type, vehicle type, and end-user. On the basis of product, Woven segment accounts for the highest share in 2019 while the composite segment is expected to grow considerably during the forecast period. On the basis of application, the floor covering segment accounts for the highest share in 2019 and is expected to grow considerably during the forecast period.
Strategic Points Covered in TOC:
Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global Automotive textile market.
Chapter 2: Evaluating the leading manufacturers of the global Automotive textile market which consists of its revenue, sales, and price of the products.
Chapter 3: Displaying the competitive nature among key manufacturers, with market share, revenue, and sales.
Chapter 4: Presenting the global Automotive textile market by regions, market share, and revenue and sales for the projected period.
Chapters 5, 6, 7, 8, and 9: To evaluate the market by segments, by countries, and by manufacturers with revenue share and sales by key countries in these various regions.
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