Press release
Automotive Textiles Market, 2023 Size, Share, Trends, Growth Outlook With Company Analysis And Forecast To 2032
Automotive Textiles Global Market
The Business Research Company's Automotive Textiles Global Market Report 2023 identifies The growing automotive production as the major driver for the Automotive Textiles market's growth in the forecast period. Automotive encompasses the design, development, production, and maintenance of motor vehicles, including cars, trucks, motorcycles, and others. Automotive textiles enhance comfort, safety, aesthetics, and functionality, elevating the driving experience and contributing to the industry's growth. The growth in automotive production creates opportunities for the automotive textile industry to expand and innovate, meeting the evolving needs of the automotive sector.
The global automotive textiles market is expected to grow from $27.40 billion in 2022 to $28.87 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive textiles market is expected to reach $34.21 billion in 2027 at a CAGR of 4.3%.
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Major competitors in the Automotive Textiles market are Reliance Industries Limited, Continental AG, Johnson Controls, Lear Corporation, Asahi Kasei Corporation, Adient plc, DuPont de Nemours Inc., Toyota Boshoku Corporation, Autoliv Inc., Autoneum Holding AG, Borgers SE & Co. KGaA.
A key trend in the Automotive Textiles market includes Product innovations. Major companies operating in the automotive textiles market are focused on product innovations to meet specific demands and sustain their position in the market.
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The Automotive Textiles market is segmented -
1) By Textile Type: Leather, Polyester, Nylon, Vinyl, Polyvinyl Chloride (PVC), Other Types
2) By Product Type: Woven, Non-Woven, Composites
3) By Vehicle Type: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Textiles market.
The Business Research Company's "Global Automotive Textiles Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Textiles Market Include:
1. Executive Summary
2. Automotive Textiles Market Characteristics
3. Automotive Textiles Market Trends And Strategies
4. Automotive Textiles Market - Macro Economic Scenario
5. Automotive Textiles Market Size And Growth
……
27. Automotive Textiles Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Textiles Market
29. Automotive Textiles Market Future Outlook And Potential Analysis
30. Appendix
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