North America Automotive Coated Fabric Market – Industry Trends and Forecast to 2030

 North America Automotive Coated Fabric Market Analysis and Size

The increasing demand for more luxury cars coupled with proper safety and comfort has intensely enhanced the growth of automotive coated fabric market globally. Moreover, the increasing production of lightweight passenger vehicles and growing investment by governments in the automotive sector are also expected to increase the market growth. Also the growing sales and production of passenger vehicles due to the expansion of the economies of developing nations will further increase the growth of the automotive industry and expected to accelerate the growth rate of the targeted market during the forecast period.

Data Bridge Market Research analyses that the automotive coated fabric market is expected to reach USD 2,210.71 million by 2030, which is USD 1,590.70 million in 2022, at a CAGR of 4.20% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

North America Automotive Coated Fabric Market Scope and Segmentation

Market Definition

Automotive coated fabric is used to enhance vehicle aesthetics, functionality and durability. It improves safety and comfort while providing resistance and strength to contaminants. Oil-repellent, water-resistant, anti-corrosive, UV-resistant, and other characteristics of automotive coated fabrics are highly used in automobiles. Fabric preparation materials comprise plastics, resins, lacquer, varnish or oil finishes, rubber, and PVC.

North America Automotive Coated Fabric Market Dynamics

Drivers

• Increasing demand for automotive coated fabric for safety purposes

The automotive coated fabric is mainly used to increase passenger and driver safety which is the major contributing factor to the growth of the market. Automotive coated fabric has some important properties such as style, ergonomics, consistency, power, durability, and odour, which helps improve passenger and driver safety and drives the market during the forecast period. The combination of all these features makes the car look clean, comfortable, and seamless. As a result of increased demand for automobiles and a growth in safety concerns, the global market is expected to grow further during the forecast period.

• Growing sales of passenger cars

 The automotive coated fabric market has been growing owing to numerous factors but increasing sales of passenger cars globally such as convertibles and sedans is one of the major factor which is expected to impel the growth of the automotive coated fabric market. Growth in sales of passenger cars has increased the demand for the automotive coated fabric which will eventually enhance the market growth rate during the forecast period.

Opportunities

• Surging product launches

The surging product launches and other innovations by key players in the global market will further offer numerous growth opportunities for the market growth. For instance, TechStyles, a division of the South Carolina-based AFF group, has launched new products to solve challenges such as rising costs, product availability, longer lead times and inconsistent quality. The company intends to revolutionize the automotive coated fabrics industry in upcoming years.

• Rising usage of automotive coated fabrics for various automotive applications

Growth and expansion of the automotive sector in developing nations is supporting the demand for the coated fabrics by enabling a large level of native production capacity for components that can be made from coated fabrics, including seating upholstery, airbags, covers, and trim. The growing usage of coated fabrics for an extensive range of automotive applications such as airbags, exterior, interior, seatbelts and covers. These are some of the important aspect in the automotive industry, which is boosting the usage of automotive coated fabric in this industry and create immense opportunities for the market players of this industry.

Restraints

• High price of raw materials

The fluctuation in the price of raw materials used in the manufacturing of automotive coated fabrics is expected to hinder the market growth during the forecast period. Propionaldehyde and formaldehyde are the two most generally used raw materials in the production of automotive coated fabric. The price of these raw materials are very high, which is a major challenge for the market growth.

This automotive coated 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, geographic expansions, technological innovations in the market. To gain more info on the automotive coated 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.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Automotive Coated Fabric Market

The COVID-19 pandemic has led to unrest in the vehicle air filter market, a decline in corporate confidence, significant slowdown in the supply chain and escalating consumer concern. Governments have already declared temporary closure and the total lockdown of industries in numerous regions, which has negative impact on the overall production and sales of the vehicles. As a result of supply-chain problem by pandemic, car sales have been slow down. This has in turn led to a decline in demand for air filters. For example, vehicles' output fell by 16 percent globally in 2020. The sale and manufacturing of automobiles have augmented, though, since the lockdown restrictions were lifted. Global auto sales augmented to around 66.7 billion units in 2021 from approximately 63.8 billion units in 2020. This rise in vehicle production and sales is expected to fuel market expansion during the projected period,

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In 2019, Morbern been a finalist for Canada’s Best Managed Company. This company was recognized as the finalist in Eastern Ontario. Canada’s Best Managed Companies recognizes the Canadian companies every year and reward them on the basis of the caliber of management. This will aid the company in getting recognition by growing its customer base globally.
• In 2019, Mayur Uniquoters Limited invested about 68 percent shares in the Futura Textiles Inc. Through this completion of investments, the Futura Textiles Inc. will become subsidiary of Mayur Uniquoters Limited. This will not only improve the company's product portfolio, it will also help to brand recognition.

 North America Automotive Coated Fabric Market Scope

The automotive coated fabric market is segmented based on type, application, distribution channel and vehicle type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Polyester Coated Fabric
• Vinyl
• Nylon
• Rubber
• Leather
• Others

 Application

• Seating
• Carpet
• Airbag
• Instrument Panel
• Door Panel
• Auto Tops and Light Trucks Cover
• Sun Visor
• Gear Shift
• Others

 Distribution Channel

• OEMs
• AfterMarket

Vehicle Type

• Passenger Vehicle
• Light Vehicle
• Motor Vehicle
• Medium and Heavy Trucks

Automotive Coated Fabric Market Regional Analysis/Insights

The automotive coated fabric market is analyzed and market size insights and trends are provided by country, type, application, distribution channel and vehicle type as referenced above.

The countries covered in the automotive coated fabric market report are report U.S., Canada and Mexico in North America.

U.S. dominates the automotive coated fabric market in terms of revenue and market share owing to the increasing demand of vehicle which has further augmented the demand for the light weight material because lightweight material helps in reduce the overall weight of the vehicle. As a result of this demand for the automotive coated fabric increases and enhance the market growth in the region.

 The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Coated Fabric Market Share Analysis

The automotive coated 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 coated fabric market.

Some of the major players operating in the automotive coated fabric market are:

• Trelleborg AB (publ) (Sweden)
• Continental AG (Germany)
• Low & Bonar PLC (Mehler Texnologies) (India)
• Saint-Gobain. (France)
• Spradling International (U.S.)
• inStyle Coated Fabric Solutions (U.S.)
• Seaman Corporation (U.S.)
• OMNOVA Solutions Inc. (U.S.)
• Takata Corporation (Japan)
• COLMANT COATED FABRICS (France)
• Seaman Corporation (U.S.)
• Serge Ferrari (France)
• Dickson Constant (France)
• Sioen Industries NV (Belgium)
• SRF Limited (India)
• LG Chem. (South Korea)
• Mayur Uniquoters Limited (India)
• Uniroyal Global Engineered Products Inc. (U.S.)
• The Haartz Corporation (U.S.)

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