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Automotive Fabric Market Analysis: $46.91 Billion by 2029 With a CAGR of 5.4%
Automotive Fabric
Automotive Fabric Market Value Projection: How Much Will the Market Size by 2025?
In recent times, there has been a consistent growth in the automotive fabric market size. It is on trajectory to increase from $36.94 billion in 2024 to $37.99 billion in 2025, reflecting a compound annual growth rate (CAGR) of 2.9%. The growth observed during the historic period is largely due to the significance of interior aesthetics, the surge in vehicle manufacturing, the consumer's need for comfort and safety, as well as policies and options for customization.
What Will Be the Market Growth Forecat for Automotive Fabric in 2029?
Expectations indicate that the auto upholstery market will experience robust expansion in the upcoming years. Predicted to reach a valuation of $46.91 billion in 2029, the market is slated to grow at a compound annual growth rate of 5.4%. The anticipated growth within this period can be credited to vehicle electrification, connectivity capabilities, simplistic interior designs, environmental sustainability programs, enhanced security attributes, and interior ambience lighting. The forecast period also suggests prominent trends like intelligent fabrics, eco-friendly and reusable materials, germ-resistant textiles, patterned and textured fabrics, haptic feedback materials, as well as vegan and non-animal tested products.
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What Are the Core Competitive Drivers in the Automotive Fabric Industry?
The expectation of augmented vehicle requisition will likely advance the progression of the automotive fabric market. A stable rise in global economies has resulted in an elevated standard of living, leading to enhanced purchasing power. Indeed, the onset of the COVID-19 pandemic has led individuals to opt for safer transportation methods advocating social distancing, thereby bolstering automobile growth. This rise in automobile desire will subsequently result in increased demand for automotive fabrics, providing the utmost comfort, safety, and protection during transit. For instance, a report from OICA (International Organization of Motor Vehicle Manufacturers) indicates global passenger car sales surged from 53 million in 2020 to 56 million in 2021. Similarly, sales of commercial vehicles escalated from 24 million in 2020 to 26 million in 2021. Hence, the rise in demand for passenger and commercial vehicles fuels the expansion of the automotive fabric market.
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Which Automotive Fabric Market Segment Is Projected to See the Fastest Growth?
The automotive fabric market covered in this report is segmented -
1) By Fabric Type: Polyester, Vinyl, Leather, Nylon, Other Fabric Types
2) By Vehicle Type: Passenger Vehicles, Commercial Vehicles
3) By Application: Carpets or Floor Covering, Upholstery, Pre-Assembled Interior Components, Tires, Safety-Belts, Airbags, Other Applications
Subsegments:
1) By Polyester: Woven Polyester, Non-Woven Polyester, Blended Polyester
2) By Vinyl: PVC Vinyl, PU Vinyl
3) By Leather: Genuine Leather, Synthetic Leather, Suede Leather
4) By Nylon: Woven Nylon, Non-woven Nylon, Blended Nylon
5) By Other Fabric Types: Cotton, Acrylic, Wool, Specialty Fabrics
Which Trends Are Opening New Opportunities in the Automotive Fabric Market?
The rise of recycled fabrics is a dominant trend that's gaining traction in the automotive fabric market. These fabrics originate from waste materials that are reprocessed into new fibers, which are then woven into fabric. Heightening concerns over the environmental impact of burning waste, substantial industrial emissions from textile factories, and the exhaustion of raw materials have driven the market to adopt more eco-friendly materials. For instance, Lear Corp., a renowned company that specializes in manufacturing automotive seating and electrical systems, launched ReNewKnit in October 2022. This is a premium, entirely recyclable warp-knitted fabric that presents enhanced functionality. The ingenuity of ReNewKnit lies in its uniqueness to the market as a Lear exclusive, and it presents a sustainable option as it can be fully recycled at the end of its lifecycle.
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Who Are the Leaders in the Automotive Fabric Market?
Major companies operating in the automotive fabric market include Acme Mills Pvt Ltd., Suminoe Textile Co. Ltd., Arvind Limited., Grupo Antolin Irausa SA, Heathcoat Fabrics Limited., Lear Corporation, Martur Automotive Seating Systems, Navbharat Textile Industries Ltd., Seiren Co. Ltd., Sage Automotive Interiors Inc., Toyoda Boshoku Asia Co. Ltd., Aunde Faze Three Autofab Ltd., Haartz Corporation, Tenowo GmbH, Hari Krishna Exports Pvt Ltd., Shandong Exceeding Auto Interior Parts Co. Ltd., Adient plc, Takata Corporation, Faurecia SA, Yanfeng Automotive Trim Systems Co Ltd., Moriden America Inc., Trevira GmbH, Joyson Safety Systems Holdings Limited, Mitchell Group Usa Private Limited., The Prestige Companies Auto Upholstery, Jhanji Textiles Pvt Ltd., Acme Leather LLP, Santoni S. p. A., Classic Soft Trim Inc., Seton Company Inc., Bader GmbH & Co. KG
Which Regional Automotive Fabric Markets Offer the Greatest Growth Potential?
Asia-Pacific was the largest region in the automotive fabric market in 2024. The regions covered in the automotive fabric market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Speak With Our Expert:
Saumya Sahay
Americas +1 310-496-7795,
Asia +44 7882 955267 & +91 8897263534,
Europe +44 7882 955267
Email:saumyas@tbrc.info
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