Press release
Automotive Fabric Market Revenue to Cross US$ 41,513.83 million by 2030: Premium Market Insights
The global automotive fabric market size was valued at US$ 41,513.83 million in 2022 and is projected to reach US$ 60,722.34 million by 2030; it is expected to grow at a CAGR of 4.9% from 2022 to 2030.Automotive Fabric Market Forecast to 2030 - COVID-19 Impact and Global Analysis - by Component (Carpet, Headliner, Hood Liner, Insulation, Seat Covering Material, and Others) and Material (Textiles, Artificial Leather, Genuine Leather, and Artificial Suede)Get PDF Sample Report + All Related Table and Graphs @: https://www.premiummarketinsights.com/sample/TIP00019134?utm_source=OpenPR&utm_medium=10823
Competitive Landscape: Automotive Fabric Market:
Advanced automotive fabrics are crucial in ensuring the safety and performance of vehicles. The demand for environment-friendly fabric material has been increasing with the rising concerns related to environment degradation and waste management coupled with a growing focus on the deployment of sustainable materials. The demand for such materials is strongly driven by stringent government regulations related to the adverse impacts of fabric materials. Various initiatives that promote sustainability are majorly contributing to the advancement of the manufacturing sector. Several campaigns organized by various associations, such as People for the Ethical Treatment of Animals (PETA), Plant and Animals Welfare Society (PAWS), and World Wildlife Fund (WWF), are proliferating the demand for eco-friendly fabrics. The implementation of animal rights laws in various economies is another factor that is encouraging manufacturers to adopt animal-free and environment-friendly alternatives for in-vehicle materials. In February 2023, Lenzing and Natural Fiber Welding Inc (NFW) partnered to develop and launch sustainable leather alternative used for automotive and other applications. The investment by the manufacturers in research and development of cost-effective, environment-friendly, and performance-efficient automotive fabrics has increased. According to the European Commission, in August 2023, the European Investment Fund invested ~US$ 52 million to boost circularity in the plastics and polymers industry. The fund is projected to drive the commercial scale-up of plastic recycling companies. In 2020, UK Research and Innovation invested ~US$ 24 million to support interdisciplinary research teams for the investigation and mitigation of impacts of plastic pollution and enable sustainable growth
Lear Corp
Bader GmbH & Co KG
BOXMARK Leather GmbH & Co KG
AUNDE Group SE
Grupo Empresarial Copo SA
Classic Soft Trim Inc
Dual Borgstena Textile Portugal Unipessoal Lda
Shawmut Corp
Apex Mills Corp
Seiren Co Ltd
Bottom of Form
Chapter Details of Automotive Fabric Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Automotive Fabric Market Landscape
Part 04: Automotive Fabric Market Sizing
Part 05: Automotive Fabric Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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