Automotive Fabric Market

Automotive Fabric Market Statistics 2020-2027:

The global automotive fabric market was valued at $32.13 billion in 2019, and is projected to reach $39.14 billion by 2027, registering a CAGR of 4.8%.

The COVID-19 outbreak impacted the automotive industry significantly, which resulted in substantial decline in automobile sales, shortage of raw material, and others. Moreover the automotive fabric market has also been affected by the loss of vehicle production across the globe. Manufacturers have started their alternate business such as the production of PPE kits and face masks & protection shields.

Fabrics used in vehicles are a special type of textiles, which are used to provide an aesthetic look to the interior of the vehicle. They are used in the acoustics of the vehicle to avoid noise and protect the interior of the vehicle from outside environment. Automotive fabrics are often used for auto upholstery & interiors of the vehicles, which include interior carpets, seat, headliners, dashboard, and others. These fabrics are designed to offer passengers with maximum comfort, safety, and security during the drive. Furthermore, they enhance interior ambiance by offering an attractive look to the vehicle. Leather, vinyl, nylon, and polyester are the four types of automotive fabrics primarily utilized in vehicles.

Rise in sale of vehicles, rapid economic improvement, implementation of stringent government safety standards for usage of airbags, safety-belts, and others are the key factors that significantly contribute toward the growth of the global automotive fabric market. Moreover, surge in production of passenger vehicles in developing countries of Asia-Pacific is majorly characterized by rise in disposable income, which fuels the market growth. Thus, increase in adoption of fabric materials is directly related to the advancement in applications of the passenger vehicle segment.

Automakers and vendors are equally trying to improve safety factors of various systems implemented in automobiles. In addition, leather manufacturing companies are expanding their business and R&D centers with the latest technical innovation.

Rise in raw material cost and growing opposition for the use of leather are some of the major restraining factors of this market. Furthermore, increase in demand for environment-friendly fabric material and lightweight automotive fabrics to reduce vehicle pollution and rise in consumer demand for safety & comfort ensure emerging growth opportunities for this market globally. This can be attributed to rise in sale of automated vehicles globally. These features offer lucrative opportunities for the global automotive fabric market.

The global automotive fabric market is segmented based on fabric type, application, vehicle type, and region. Polyester, vinyl, leather, nylon, and others are studied under the fabric type segment. Based on application, the market is categorized into carpets/floor covering, upholstery, pre-assembled interior components, tires, safety-belts, airbags, and others. Passenger cars and commercial vehicles are studied under the vehicle type segment. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA

The key players operating in the automotive fabric market include Acme Mills Company, Adient plc., Aunde, Grupo Antolin, Heathcoat Fabrics Limited, Lear Corporation, Martur Automotive Seating System, Sage, Seiren Co., Ltd., SRF Limited, Suminoe Textile Co., Ltd., Tesca, Toyota Boshoku Corporation, Krishna, Arvind Limited, Navbharat Textile Processors, Parishudh Fibres, Shandong Exceeding Auto Interior Parts Co., Ltd., DongGuan Cigno Leather Co., Ltd., and Changzhou JLON Composite Co., Ltd.

Governments’ stringent safety standards for usage of airbags, safety-belts, and others

The automotive market is positively affected by safety regulations implemented by several governments for installation of airbags, seat belts, and anti-lock braking systems (ABS) in every vehicle. Europe and North America follow these regulations more stringently as compared to Asia-Pacific and the rest of the world. However, in developing countries, OEMs are providing airbags and anti-lock braking system (ABS) as standard features in vehicles, supporting the government to improve safety measures. This increases the use of fabric material needed for in-vehicle safety features. These safety systems need separate fabric material for different component applications to function. In addition, the Government of India has set up its own safety authority, Bharat National Car Assessment Programme (NCAP), that rates vehicle on the basis of safety features used inside the car. Such initiatives from various governments are creating awareness about the safety features, thereby boosting the growth of the automotive fabric market.

Rise in vehicle sale

The automotive environment is changing at a rapid pace due to globalization. Improvement in manufacturing facilities leads to increase in automotive sales in most of the emerging countries such as China, India, and Brazil. The global automotive sector promises better productivity and sales as this sector consists of different segments, such as premium and four-wheelers, thereby driving the market growth. This factor majorly influences prominent players of the automotive sector to invest and expand the business through different segments to gain better profitability. In addition, increase in disposable income of consumers and rise in sales of passenger vehicles across the globe fuel the demand for automotive vehicles. Furthermore, developing countries, such as India, China, and Brazil, are the most promising for the automotive sector. Therefore, increase in demand for vehicles in the automotive sector fuels the growth of the automotive fabric market. In recent years, consumers are demanding vehicles that support technologically advanced features and require low cost & maintenance, providing maximum number of interior applications. This, in turn, increases the overall use of fabric in vehicles. Therefore, such rise in sales of automotive vehicles due to their advanced features is expected to create numerous opportunities for the market expansion. 

Increase in opposition for the use of leather

Leather production impacts the environment in a negative manner as chemicals and toxins used on leather after manufacturing release harmful fumes that pollute water resources and increase air pollution. Furthermore, the use of different chemicals during leather processing produces wastes in solid, liquid, and gaseous forms. In addition, solid waste produced in the leather industry includes animal skin trims, animal hairs, flesh wastes, buffing dust, and keratin wastes. Increase in preference for natural material-based fabrics as compared to leather for use in vehicles restrains the growth of the market. Therefore, brands, such as Zara, Marks & Spencer, Prada, Hugo Boss, and Armani, have been banned in Spain and the country focuses on natural leather production. In addition, SLG manufacturer brands have focused on developing new eco-friendly systems for manufacturing leather.

Rise in demand for environment-friendly fabric material

Governments in Asia-Pacific and other regions are actively promoting environment-friendly leather or fabric in their respective countries since analyzing the adverse impacts of fabric material on the environment. Numerous producers are opting for animal-free and eco-friendly alternatives. Moreover, animal right laws in several countries have become a major hurdle for natural leather manufacturers. In addition, growth in awareness among consumers regarding cruelty toward animals, owing to the programs run by organizations, such as PETA, PAWS, WWF, and others, have played a major role in increase in demand for other alternatives. Furthermore, the supply-demand gap in the natural leather industry is another major factor responsible for manufacturers opting for artificial alternatives. For instance, Marvel Vinyls started offering a variety of fabric materials for automotive applications, which are environment-friendly. Such innovation and technological advancements in the quality of faux leather materials are also creating lucrative opportunities for the automotive fabric market in the near future. 

COVID-19 Impact Analysis

• The COVID-19 outbreak impacted the automotive industry significantly, which resulted in substantial decline in automobile sales, shortage of raw material, and others.
• Textile manufacturers across the globe are severely affected by COVID-19 due to the unavailability of skilled labor, followed by the shortage of raw material required to manufacture fabrics for different applications.
• Manufacturers are affected in such a way that their production has been reduced to a much larger extent.
• Moreover the automotive fabric market has also been affected by the loss of vehicle production across the globe.
• Manufacturers have started their alternate business such as the production of PPE kits and face masks & protection shields.

Key Benefits For Stakeholders

• This study presents the analytical depiction of the global automotive fabric market analysis along with the current trends and future estimations to depict imminent investment pockets.
• The overall automotive fabric market opportunity is determined by understanding profitable trends to gain a stronger foothold.
• The report presents information related to the key drivers, restraints, and opportunities of the global automotive fabric market with a detailed impact analysis.
• The current automotive fabric market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

 Automotive Fabric Market Report Highlights