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Key Trends Reshaping the Automotive Textiles Market: Sustainability And Innovation In The Automotive Textiles Market Industry Transformation
Automotive Textiles
Automotive Textiles Market Size Growth Forecast: What to Expect by 2025?
The growth trend of the automotive textiles market has been steady over the recent years. The market is forecasted to expand from its size of $30.14 billion in 2024 to $31.57 billion in 2025, representing a compound annual growth rate (CAGR) of 4.8%. This growth in the historical period is the result of several factors, including a rise in automotive manufacturing, growing demand for fuel-efficient and lightweight vehicles, emphasis on interior comfort and visual appeal, strict car safety regulations, and the surge in the electric vehicles sector.
How Will the Automotive Textiles Market Size Evolve and Grow by 2029?
In the coming years, the automotive textiles market is projected to witness significant expansion. It is expected to reach a value of $38.56 billion in 2029, growing at a compound annual growth rate (CAGR) of 5.1%. The projected growth during the forecast period can be linked to multiple factors such as the increased development of autonomous vehicles, a focus on insulation and noise reduction, circular economy initiatives, a growing demand for antimicrobial textiles, and a heightened focus on reducing carbon footprints. Other key trends during the forecast period include advancements in the field of nanotechnology, strategic collaborations between automakers and textile manufacturers, the inclusion of smart textiles, a tilt towards customization and personalization, and an emphasis on sustainability and the use of eco-friendly materials.
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What Drivers Are Propelling the Growth of Automotive Textiles Market Forward?
Advancements in the motor vehicle production industry are anticipated to empower the progression of the automotive textiles market. The automobile sector englobes the conception, creation, manufacturing, and upkeep of vehicles such as cars, trucks, motorcycles, amongst others. Automotive textiles play a significant role in enhancing the appeal, safety, comfortability, and functionality of vehicles, ultimately making the drive more enjoyable and assisting in sector expansion. The development in vehicle production paves the way for the automotive textile industry to innovate and grow, addressing the changing demands of the automobile sector. For example, The European Automobile Manufacturers Association (ACEA), based in Germany, reported in May 2023 that global automotive production reached a total of 85.4 million vehicles in 2022, a 5.7% surge from 2021's figures. Consequently, the escalating vehicle production is set to bolster the future growth of the automotive textiles market.
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Which Emerging Trends Are Transforming the Automotive Textiles Market in 2025?
Product innovation emerges as a widely observed trend in the realm of automotive textiles. Those companies that are significant players in the automotive textiles arena are honing their focus on product innovation as a means to meet distinctive demands and secure their market position. For example, in May 2022, a collaboration was initiated between Sumitomo Chemical Co. Ltd., a chemical firm based in Japan, and Newlight Technologies Inc., a U.S.-based technology firm, for the development of polypropylene (PP) compounds. These PP compounds are designed for utilization in both automotive and textile applications using AirCarbon. AirCarbon is a carbon-negative biomaterial devised using microorganisms from methane by Newlight Technologies. The collaborative pact entails the development of new AirCarbon grades by Newlight Technologies for their application within the automotive and textile sectors.
What Are the Key Segments in the Automotive Textiles Market?
The automotive textiles market covered in this report 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
Subsegments:
1) By Leather: Genuine Leather, Synthetic Leather
2) By Polyester: Woven Polyester, Non-Woven Polyester
3) By Nylon: Nylon 6, Nylon 66
4) By Vinyl: Rigid Vinyl, Flexible Vinyl
5) By Polyvinyl Chloride (PVC): Soft PVC, Rigid PVC
6) By Other Types: Cotton, Wool, Composite Textiles
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Who Are the Key Players Shaping the Automotive Textiles Market's Competitive Landscape?
Major companies operating in the automotive textiles market include 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, Sage Automotive Interiors Inc., Global Safety Textiles GmbH, Shawmut Corporation, Bally Ribbon Mills, Ductmate Industires Inc., Arville Textiles Limited, Baltex Ltd., CMI Enterprises Inc., Jelliff Corp, Fabri-Tech Components Inc., Eleather Group, Adler Pelzer Group, Autotech Nonwovens Pvt. Ltd., Aunde S.A.
What Geographic Markets Are Powering Growth in the Automotive Textiles Market?
Asia-Pacific was the largest region in the automotive textiles market in 2024. The regions covered in the automotive textiles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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