Automotive Fabrics Market Size was valued at USD 41.8 Billion in 2023. The Automotive Fabrics industry is projected to grow from USD 43.93 Billion in 2024 to USD 62.23 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.10% during the forecast period (2024 - 2032). Increasing car sales and requirements for airbags, safety belts, and other equipment are the key market drivers boosting the expansion of the market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Market CAGR for Automotive Fabrics is being driven by the increasing use of safety measures in automobile applications. Automotive textiles are made up of strands, filaments, and cloth unique to each car. These materials are employed to support and comfort automobile interior decoration. The tensile strength, abrasion resistance, and other properties of these fabrics must be assessed. In the transportation industry, these textiles are utilized in both small and large autos. Ensuring the most pleasant and joyful travel experience is the aim of automotive textiles. It improves the atmosphere and safeguards the vehicle.
Additionally, the automotive industry is going through a significant shift in favor of stricter safety regulations, which would likely drive up demand for automotive fabric. Automotive manufacturers are placing a higher priority on integrating innovative safety technologies into their vehicles in order to improve occupant protection as safety rules become more stringent. In this context, automotive fabric is essential because it is used in a number of safety features, including airbags, seat belts, and headrests. Furthermore, the need for innovative fabric materials with added safety features like impact absorption and harm reduction has grown as autonomous driving technologies improve.
The market for automotive fabric has a lot of potential due to the rising production of various car models. Demand for automobiles is rising in tandem with the automotive industry's expansion, which is being fueled by factors like urbanization, population growth, and rising disposable incomes. This covers light trucks, buses, passenger cars, big trucks, and specialty electric vehicles. A wide variety of automotive fabrics are needed for headliners, seats, carpets, interior upholstery, and other parts in each of these car kinds. Furthermore, a broad range of fabric alternatives is becoming more and more necessary to accommodate a wide range of consumer tastes in light of the trend toward personalization and customization in automobile interiors. For instance, the International Organization of Motor Vehicle Manufacturers (OICA) reported that sales of passenger cars grew globally in 2021, rising from 53 million in 2020 to 56 million. In the same way, sales of commercial vehicles went from 24 million in 2020 to 26 million in 2021. Therefore, the market for automotive fabric is growing as a result of the rising demand for both passenger and commercial cars. Thus, result in driving the Automotive Fabrics market revenue.
The Automotive Fabrics market segmentation, based on vehicle type, includes Passenger Cars, Light Commercial Vehicles, Heavy Trucks, and Buses & Coaches. In 2023, the Passenger Cars segment dominated the market. As a result, a significant amount of automotive fabric is needed for the interiors of these automobiles, which include the seats, door panels, headliners, and carpets, due to the sheer number of passenger cars that are produced. Automakers are also spending more on high-end interior materials like automotive fabric as passenger car purchases get more individualized, cozy, and aesthetically beautiful.
Figure 1: Automotive Fabrics Market by Vehicle Type, 2023 & 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Automotive Fabrics market segmentation, based on Application, includes Upholstery, Airbags, Floor Coverings, Safety Belts, Tires, PRIC (Pre-assembled Interior Components), and Others. In 2023, the Floor Coverings category generated the most income. Carpets and automobile foot mats are examples of floor coverings that are essential for improving interior comfort, aesthetics, and insulation of vehicles. The expanding trend of luxury and comfort-focused car amenities, along with the growing preference of consumers for personalized and premium interiors, are driving demand for high-quality automotive floor coverings.
By region, the study provides the market insights into North America, Europe, Asia-Pacific, and the Rest of the World. North America will dominate the Automotive Fabrics Market. The increasing demand for luxury car accessories and technical developments that have led to the availability of soft and environmentally friendly textiles in the market are driving the expansion of the automotive fabric market in North America.
Further, the major countries studied in the market report are South Korea, China, Japan, India, Australia, Germany, France, the UK, Italy, and Spain.
Figure 2: Automotive Fabrics Market Share By Region 2023 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Europe Automotive Fabrics market has the second-largest portion of the market. The region's growing car production and sales are driving the market's expansion. Further, the German Automotive Fabrics market had the biggest market share, and the UK Automotive Fabrics market was the European market with the quickest rate of growth.
The Asia-Pacific Automotive Fabrics Market is anticipated to expand between 2024 and 2032 at the quickest CAGR. The development of major automotive production hubs in nations like China and Japan further increases the requirement for automotive fabric in the Asia-Pacific region. Moreover, China’s Automotive Fabrics market had the biggest market share, and the Indian Automotive Fabrics market was the Asia-Pacific region's fastest-growing market.
Leading market players are putting a lot of money into research and development to expand their product lines, which will drive the market for Automotive Fabrics to expand even further. Additionally, market players are engaging in a range of calculated initiatives to increase their worldwide presence, with important market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. To grow and endure an increasingly cutthroat and dynamic market, the Automotive Fabrics industry must provide reasonably priced goods.
Manufacturing locally is one of the primary business techniques used by manufacturers to cut operational costs in the Automotive Fabrics industry to help customers and expand the market segment. In recent years, the Automotive Fabrics industry has provided some of the biggest benefits to medicine. Major players in the Automotive Fabrics market, including Autoliv Inc. (Sweden), Lear Corporation (US), Toray Industries (Tokyo), Hyosung Corporation (South Korea), Teijin Limited (Japan), and others, are engaging in research and development activities in an effort to boost market demand.
Autoliv, Inc. is a Swedish-based company with US legal status that supplies automotive safety equipment to all of the world's top automakers. Over 68,000 people work for Autoliv and its joint ventures in 27 countries, with 5700 of them working in engineering, research, and development. More than any other vehicle safety supplier, the corporation also has 14 technical facilities, including 20 test tracks, spread throughout the globe. In November 2019, Fredrik Westin was appointed Chief Financial Officer and Executive Vice President of Autoliv, taking over from Christian Hanke, the Interim CFO.
American manufacturer Lear Corporation produces electrical systems and seats for automobiles. In 1917, Lear Corporation was established in Detroit, Michigan, under the name American Metal Products. When it was first established, its primary business was producing tubular, welded, and stamped assemblies for the automotive and aircraft industries. Lear expanded through a series of acquisitions in the 1980s and 1990s. The goal of the company was to supply original equipment manufacturing (OEM) automakers with whole interior vehicle systems, meaning flooring, instrument panels, seating, electrical, and other components. In November 2022, it was revealed that Lear had purchased InTouch Automation, a Novi-based provider of Industry 4.0 technologies and automated testing equipment used in the manufacture of car seats.
Autoliv Inc, (Sweden)
Lear Corporation (US)
Toray Industries (Tokyo)
Hyosung Corporation (South Korea)
Teijin Limited (Japan)
Indorama Ventures Public Company (Thailand)
Asahi Kasei Corporation (Japan)
Toyobo Co., Ltd (Japan)
Toyota Boshoku Corporation (Japan)
SEIREN Co. Ltd. (Japan)
Suminoe Textile Co., Ltd. (Japan)
October 2022: Lear announced the launch of ReNewKnit sueded material, made entirely of recycled plastic bottles and designed for use in door panels and seating. This material was developed in partnership with a significant international automaker.
November 2019: Toray Industries created new carbon fibers with a high tensile modulus and tensile strength. This facilitated the company's growth.
December 2022: Indorama Ventures and automotive supplier Faurecia collaborated to create Auraloop, a novel and sustainable solution.
Passenger Cars
Light Commercial Vehicles
Heavy Trucks
Buses & Coaches
Upholstery
Floor Coverings
Safety Belts
Tires
PRIC (Pre-assembled Interior Components)
Others
North America
Europe
Asia-Pacific
Rest of the World (RoW)
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 41.8 Billion |
| Market Size 2024 | USD 43.93 Billion |
| Market Size 2032 | USD 62.23 Billion |
| Compound Annual Growth Rate (CAGR) | 5.10% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Vehicle Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | South Korea, China, Japan, India, Australia, Germany, France, UK, Italy, and Spain |
| Key Companies Profiled | Â Autoliv Inc (Sweden), Lear Corporation (US), Toray Industries (Tokyo), Hyosung Corporation (South Korea), Teijin Limited (Japan), Indorama Ventures Public Company (Thailand), Asahi Kasei Corporation (Japan), |
| Key Market Opportunities | Enhancing consumer habits and governmental policies |
| Key Market Dynamics | The automobile sector is changing rapidly due to globalization. |
Frequently Asked Questions (FAQ) :
In 2023, the size of the automotive fabrics market was estimated to be USD 41.8 billion.
From 2024 to 2032, the market is expected to expand at a compound annual growth rate of 5.10%.
North America held the most market share worldwide.
The leading companies in the market are Asahi Kasei Corporation (Japan), Teijin Limited (Japan), Hyosung Corporation (South Korea), Toray Industries (Tokyo), Lear Corporation (US), and Autoliv Inc. (Sweden), among others.
In 2023, the market was led by the passenger car segment.
In the market, floor coverings held the most share.
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Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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