Global Automotive Fabric Market, By Fabric Type (Polyester, Vinyl, Leather, Nylon, Others), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Trucks, Buses and Coaches), Application (Floor Covering, Upholstery, Pre-Assembled Interior Component (PRIC), Tires, Safety-Belts, Spray Adhesive, Airbags, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automotive Fabric Market
The automotive fabric market is estimated to reach a value of USD 48.64 billion by 2028 and is expected to grow at a compound annual growth rate of 4.50% for the forecast period of 2021 to 2028. Data Bridge Market Research report on automotive fabric market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Automotive fabric is designed to offer a maximum pleasure as well as comfort ride to the passenger. It also helps to enhance the vehicle safety as well as interior setting. These automotive fabrics is UV rays stable, easy to clean, durable, cold cracking resistant and helps in minimizing fatigue.
The increase in safety measures in automotive application has highly influenced growth of the automotive fabric market. In line with this, the rise in the necessity for weight reduction due to stringent co2 emission is also acting as a key determinant which will favor the growth of the automotive fabric market over the forecast period of 2021 to 2028. Furthermore, the high demand for automobile accessories, rise in disposable income and the rapid economic development are also expected to positively impact the growth of the automotive fabric market. The major factor which is expected to forward the growth of the market is the rapid increase in the vehicle production volume.
However, the easy availability of substitute’s materials such as such as synthetic leather, natural leather and PVC and excessive HAP emissions are expected to act as key restraint towards automotive fabric market growth rate in the forecast period of 2021 to 2028. Whereas, the fluctuating price of raw material is expected to challenge the growth of the automotive fabric market in the above mentioned forecast period.
Furthermore, the high demand for automobiles and increase in innovative technological development in automotive fabrics industry will further offer a variety of growth opportunities for the automotive fabric market in the above mentioned forecast period.
This automotive fabric market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the automotive fabric market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Fabric Market Scope and Market Size
The automotive fabric market is segmented on the basis of fabric type, vehicle type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on fabric type, the automotive fabric market is segmented into polyester, vinyl, leather, nylon and others.
- On the basis of vehicle type, the automotive fabric market is segmented into passenger cars, light commercial vehicles, heavy trucks and buses and coaches.
- The application segment for automotive fabric market is segmented into floor covering, upholstery, pre-assembled interior component (PRIC), tires, safety-belts, spray adhesive, airbags and others.
Global Automotive Fabric Market Country Level Analysis
The automotive fabric market is analyzed and market size, volume information is provided by country, fabric type, vehicle type and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the automotive fabric market because of the high population growth and rapid urbanization in emerging countries, such as China and India, coupled by the high demand for automobiles. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to strong domestic demand and export dynamism for automobiles as well as strict automotive regulations and standards regarding the usage of airbags.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Fabric Market Share Analysis
The automotive fabric market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive fabric market.
The major players covered in the automotive fabric market report are Adient plc, Lear, TOYOTA BOSHOKU CORPORATION, SEIREN Co., Ltd., Suminoe Textile Co., Ltd., SRF Limited, Sage Automotive Interiors, Grupo Antolin, MARTUR, Glen Raven, Inc., The Haartz Corporation, BMD Private Limited, Borgers SE & Co. KGaA, Chori Co., Ltd., CMI Enterprises, Heathcoat Fabrics Limited, Moriden America, Inc., Trevira GmbH, Uniroyal Global Engineered Products Inc., and TB Kawashima Co., Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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