North America Automotive Fabric Market 2022: Future Development, COVID-19 Impact, Manufacturers, Demands and Revenue Report discussed in a new market research report

The automotive fabric market in North America is expected to grow from US$ 3,874.48 Mn in 2019 to US$ 4,931.46 Mn by 2027; it is estimated to grow at a CAGR of 4.1 % from 2020 to 2027. Product innovations along with the technological advancements in automotive fabrics industry is providing lucrative opportunities for the market growth. For instance, the latest innovation associated with the creative mix of seatbelts and airbags is prepared with round and smooth edges to offer better comfort and experience to the wearer. Such feature is aimed to reduce the extent of damage, as it helps distribute the force equally across the passenger’s body. This technique incorporates the use of special type of micro-fibre with ultra-light, flame proof, and abrasion resistant features for interior of the car.

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Key companies profiled in this research study are: Lear Corporation, Bader GmbH and Co. KG, Boxmark Leather, AUNDE Group SE, Classic Soft Trim, Shawmut Corporation, Cmi Enterprises, SEIREN CO., LTD., SUMINOE TEXTILE CO., LTD., JBS couros, Moriden America, Inc., B Kawashima Co., Ltd., Sage Automotive Interiors Inc.

The North America automotive fabric market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The North American region constitutes developed economies such as US, Canada, and Mexico as a developing nation. The region's demand for automotive fabrics is boosted by strong domestic demand and export dynamism for automobiles, stringent automotive regulations, and standards regarding the use of airbags and safety belts by NHSTA, and a strong economy accompanied by technological developments in the automotive market. Significant developments in the automotive sector have led to vital product innovations in the automotive fabric industry. Increasing vehicle numbers and increased per capita income is leading to surging demand for advanced versions of automotive fabric on a large scale.

This will strengthen the procurement rate of automotive fabric during the forecast period, thereby aiding the automotive fabric market growth in North America. The automotive fabric market is anticipated to influence product innovation, with the high presence of manufacturers having a significant share of companies operating in the aftersales channel in the region. Key players focus on acquisition strategies and regional dominance to establish their products in the region. Additionally, stringent regulatory norms pertaining to automotive fabric disposal will increase the North American automotive fabric market throughout the forecasted period.

North America Automotive Fabric Market Segmentation

North America Automotive Fabric Market -By Application
Covering Material
Seating Component

North America Automotive Fabric Market -By Covering Material Type
Textiles
Artificial Leather
Genuine Leather
Artificial Suede

North America Automotive Fabric Market – By Country
US
Canada
Mexico

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Major Features of North America Automotive Fabric Market Report:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Automotive Fabric Market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the North America Automotive Fabric Market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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This release was published on openPR.