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Allied Market Research

Automotive Textiles Market by Raw Material (Polyamide, Polyester, Acrylic, Polyethylene, and Others), by Product Type (Woven, Non-Woven, and Composites), by Vehicle Type (Passenger Vehicles and Commercial Vehicles), and Application (Carpet, Interior Trim & Headliners, Airbags, Seatbelts, Upholstery, Tires, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09717
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Aug 2021 | 484 Views
 
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COVID-19

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Automotive Textiles Market Outlook - 2027

The automotive market has a significant contribution to the growth of textile market as it is widely used in vehicles. Automotive textile is a part of textile used in accordance with vehicles which includes textile components like fibers, filaments, yarns and the fabric used in vehicles. Moreover, automotive textile is used in airbags, seat belts, carpets, seat upholstery, and others in a vehicle. Automotive textiles offer passenger with comfort, safety and security. Besides, automotive textile provide solution to problems like tire reinforcement, sound insulation and vibration control. Moreover, with increasing adoption of EV, the use of lightweight material will increase.

Market scope and structure analysis:

Report Metric

Details

Market size available for years

2019–2027

Base year considered

2019

Forecast period

2020–2027

Forecast units

Value (USD)

Segments covered

Raw material, product type, vehicle type, application

Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa

Companies covered

Trevira GmbH, Sage Automotive Interiors Inc., Baltex, Reliance Industries limited, Auto Textiles S.A., Autoliv, Lear Corporation, Johnson Controls, Toyota Boshoku Corporation, Acme Mills

 COVID-19 scenario analysis:

  • Since the outbreak of coronavirus at the end of 2019, the impact has been felt on automotive and automotive textile market simultaneously.
  • With ongoing lockdown, the job layoffs and recession are severely affecting the automotive textile industry.
  • The work stoppage of automotive textile market has affected the entire value chain, from fabric industry to zipper and label industry.
  • Besides, the pandemic is expected to affect small businesses and startups to a greater extent. In case of shutdown of small businesses, the allied industry would be impacted simultaneously.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Rise in sales of vehicles due to economic growth of developing countries is driving the market of automotive textiles. Additionally, with escalating demand for customized automotive interiors are expanding market growth. Besides, aftermarket sales have had a major contribution in market expansion. Moreover, government mandate to install safety devices like seat belts, airbags, and others are propelling the automotive textile market growth. However, fluctuating raw material prices would hinder the market growth. Furthermore, rising demand for new and used passenger cars is anticipated to proliferate market growth.

The Automotive Textilesmarket trends are as follows:

Rise in adoption of Eco-friendly leather

Government’s increasing awareness toward animal rights has increased in recent years. Organizations like PETA, Animal rights movement, FARM, and animal liberation front have played a major role in increasing the awareness regarding animal killing for use of leather. Luxury car manufacturers are opting for environment-friendly and cruelty-free interior alternatives. For instance, seats of Range Rover Evoque are upholstered with premium alternatives to leather made from 53 recycled plastic bottles per car. Additionally, The Ford Motor Company has been using soybean-based foam as a key material in the seat cushions, seat backs and head-rests in a lot of its vehicles since 2011.

3D knitted seat cover to surge the market

Over the decade, the process of manufacturing seat covers has evolved. The latest 3D knitting technology opens up a new range of opportunities in automotive textile market. With 3D knitting technology, the full seat cover can be manufactured as one pieces rather than numerous small pieces of upholstery that machines stitch together into a cover. Moreover, 3D knitted technology feed these data points into a software, load the machine with the required thread, push a button, and wait for the final product to come out. In 2019, Ford presented the 3D knitted seat covers designs. Besides, the seat covers could be made in lesser time and lower cost with infinite personalization.

Key segments covered:

Segments

Sub-segments

Raw material

  • Polyamide
  • Polyester
  • Acrylic
  • Polyethylene
  • Others

Product type

  • Woven
  • Non-woven
  • Composites

Vehicle type

  • Passenger vehicles
  • Commercial vehicles

Application

  • Carpet
  • Interior trim & headliners
  • Airbags
  • Seatbelts
  • Upholstery
  • Tires
  • Other

Key benefits of the report:

  • This study presents the analytical depiction of the automotive textiles industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the automotive textiles market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the automotive textiles market research report:

  • Which are the leading market players active in the automotive textiles market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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