Automotive Fabric Market
Research Insights:
The growing significance of environment-friendly automotive fabrics is a key market growth-driver
Automotive fabrics Market refer to composite, woven, or knitted fabrics used for automotive upholstery and interiors of vehicles, such as car or bike seats, interior carpets, dashboard, headliners, airbags, floor coverings, safety belts, and more. These fabrics are typically flexible, light-weight, comfortable, and highly serviceable, and are also strongly resistant to fire, water, and UV rays. Automotive fabrics are designed for in-vehicle passenger comfort and safety, and they further enhance the vehicle’s interior environment, offering it an eye-catching and appealing look. Some of the most commonly used automotive fabrics include leather, nylon, vinyl, and polyester fabrics. These fabric materials are carefully chosen for vehicle interiors as they play a significant role in ensuring passenger safety and improving fuel efficiency.
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The global automotive fabric market is poised to witness magnificent growth in the coming years. The pivotal factors that can be held accountable for the global market growth include the increasing sales of vehicles like cars and motorbikes worldwide, the surging demand for low-weight and environment-friendly automotive fabrics, the growing rate of accidents, and stringent safety regulations by governments mandating the use of seat belts, airbags, anti-lock braking systems, etc. Advancements in automotive features and introduction of breakage and wear-resistant automobile accessories, surging demand for technologically enhanced automotive fabrics with vibration and noise absorption properties, and the increased adoption of light-weight and low-moisture composite fabrics with advanced adhesive technology are some of the other key factors bolstering the market growth. Among fabric materials, leather is the most widely used material for automotive upholstery. However, automobile manufacturers are now increasingly shifting towards using more cost-effective and eco-friendly alternatives to leather, mainly due to the material’s weight and harmful environmental impact. Hence, it is another key parameter resulting in the expansion of the global automotive fabric market.
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Of the major regional segments of the market, Asia Pacific is the leading region where the global automotive fabric market is concentrated. China, Japan, and India are the principal growth engines for the regional market due to the rising disposable income of the populace, rapid urbanization, burgeoning population, and the skyrocketing demand for automobiles. North America and Europe are foreseen as the fastest-growing regions globally, owing to the soaring demand for technologically-advanced and luxuriant automotive fabrics in these regions. Toyota Boshoku Corporation, Takata Corporation, Lear Corporation, Seiren Co., Ltd., Tenowo GmbH, SRF Limited, and Sage Automotive Interiors Inc. are some of the leading players in this market. In March 2020, the globally renowned automotive textiles company, Sage Automotive Interiors, had acquired the automotive fabrics business of the Ireland-based automotive seating manufacturer Adient Plc for USD 175 million. Moreover, Tesca, the leading French automotive fabrics supplier, signed an acquisition deal with Germany-based Willy Schmitz in the same month.
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