Automotive fabric market is anticipated to grow at a CAGR of 3.0% during the forecast period. Fabrics used in automobiles are a special type of fabric that provides an aesthetic look to the interior of the vehicles. Automotive fabric is often used for auto upholstery and interiors of vehicles, which includes interior carpets, seat belts, headliners, and dashboards. The market has witnessed significant growth owing to the rapid growth in the demand for automobiles, rising safety measures, and unique features such as elasticity and resistance to breakage offered by fabric are some of the major factors that boost the growth of the global automotive fabric market. Moreover, a rapid rise in the sale of automobiles majorly in the developed countries is another factor responsible for the growth of the market. For instance, according to the International Energy Agency (IEA), a total of 2.1 million electric cars were sold in 2019, representing a 6% growth from the previous year. For the next five years, automakers announced plans to release another 200 new electric car models, many of which are in the popular sport utility vehicle market segment. As improvements in technical performance such as battery energy density that is 20-100% higher than were previous models.
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However, new development and launches by major players will further aid in the market growth. For instance, in June 2021, PAI Partners agreed to acquire Pasubio to expand the automotive leather business and to further strengthen Pasubio’s leading position in the high-quality automotive leather market. Moreover, turning animal skin into leather requires toxic and harmful chemicals, which make the material less susceptible to decomposition, and lead to an increase in greenhouse gas emissions. Hence, rising greenhouse gas emissions coupled with opting for alternative martial such as synthetic leather, and natural leather may hinder the growth of the market.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Automotive Fabric Market Report by Segment
By Fabric Type
- Polyester
- Vinyl Leather
- Nylon
- Others
By Application
- Carpet
- Upholstery
- Pre Assembled Interior Components
- Safety Belts
- Airbags
Global Automotive Fabric Market Report by Region
North America
- US
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive fabric market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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