Asia-pacific is to dominate the Automotive Fabric Market until 2026
Expansion of automotive industry and adoption
of quality living standard is expected to drive the demand for global automotive
fabric market for the forecast period.
According to TechSci Research report, “Global Automotive
Fabric Market By Vehicle Type (Passenger Car, Light Commercial Vehicle,
Medium and Heavy Truck, Bus and Coaches) By Application (Floor Covering,
Upholstery, Pre-assembled Interior Components, Tires, Safety-Belts, Airbags) By
Fabric Type (Polyester, Vinyl, Leather, Nylon and Others) By Company, By
Region, Forecast & Opportunities, 2026”, the global automotive fabric
market is expected to witness significant growth for the next five years on
account due to rise in affordability of consumers around the globe. Rapid
development in economic status of several countries is contributing to increase
the automotive fabric market demand. Fabrics used in vehicles are special kind
of fabric which are basically used to enhance the aesthetic look to the
interior of the vehicle. These fabrics are used in interior of the vehicle to
protect the vehicle from the external environment. Fabrics are also used to
eliminate the unnecessary noise in automobiles. Automotive fabrics are
generally used for interior as well as for auto upholstery including the
interior carpets, seat, headliners, dashboard, and other vehicle spaces. The
fabrics are made to increase the comfort of consumers and provide safety and
security to consumers. Polyester, nylon, leather, vinyl are the four major
types of automotive fabrics used in vehicles. Automotive fabrics comprising
spray adhesive, truck lining, headlining is used for repairing or replacing the
damaged vehicle interiors. It aids in releasing lower green house gases into
the environment and reduces the petroleum consumption of vehicles. Increase in
preference of consumers to install automotive fabric into the vehicle to
enhance the luxury and increase the premium feel of vehicles is bolstering the
demand of automotive fabrics.
Since the onset of pandemic COVID-19, lockdown was
imposed all around the globe to fight the novel coronavirus. Government and
leading authorities released precautionary guidelines and safety precaution to
save the people across the world. Manufacturing units were shutdown and people
migrated to their homes which resulted in shortage of skilled workers.
Automotive industry is significantly impacted which resulted in decline of
automobile sales, shortage of raw material and others. After the lifting of
lockdown, global automotive fabric market is expected to pick up the pace
eventually.
However, growing opposition to use leather as
automotive fabric in automobile and rising cost of raw materials are the
restraining factors which may create hindrance in the growth of the automotive
fabric market.
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Global
automotive fabric market is segmented into vehicle type, application, fabric
type, region, and company. Based on vehicle type, market is further divided
into passenger car, light commercial vehicle, medium and heavy truck and bus
and coaches. Passenger car segment is expected to account for major market
share for the forecast period. Increase in preference for vehicle ownership and
rising disposable income are the contributing factors for automotive fabric
high demand. Use of automotive fabrics in automobiles for various applications
owing to shielding capacity from fire, wate, high strength, among others is
fueling the segment demand. Based on application, market is majorly categorized
into floor covering, upholstery, pre-assembled interior components, tires, safety-belts,
and airbags. Airbags are expected to be the fastest growing segment in the
automotive fabric market. Strict government regulations for installation of
airbags into the automobiles to ensure safety of automobiles in case of accidents
is the major driver for airbags segment growth. Increasing demand for
installation of safety devices into the vehicles is also fostering the high
demand for airbags.
Takata Corporation, Toyota Boshoku
Corporation, SRF Limited, Sage Automotive Interiors Inc., Grupo Antolin Irausa,
S.A., Tenowo GmbH, ACME MILLS COMPANY, Glen Raven, Inc, Haartz Corporation, Martur
Automotive Seating System are the leading players operating in global automotive
fabric market. Manufacturers are increasingly focusing on research and
development process to fuel higher growth in the market. To meet evolving
customer demand with respect to better efficiency and durability, several automotive
fabric manufacturers are coming up with their technologically advanced
offerings.
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“Globalization
is revolutionizing the automotive industry and high sales of automobiles due to
increase in expenditure for improved automotive manufacturing facilities.
Technological advancements are to improve the vehicle efficiency, reduce the
operational and maintenance cost of automobiles and installation of internal
accessories is increasing the demand for automotive fabric market. Increasing
adoption of light weight composite material by manufacturers for automotive
fabrics which consists of minimal moisture content and advanced technology to
improve the vibration, sealing and performance from the vehicles is anticipated
to propel the global automotive fabric market growth until 2026” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Automotive Fabric
Market By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium and
Heavy Truck, Bus and Coaches) By Application (Floor Covering, Upholstery,
Pre-assembled Interior Components, Tires, Safety-Belts, Airbags) By Fabric Type
(Polyester, Vinyl, Leather, Nylon and Others) By Company, By Region, Forecast
& Opportunities, 2026” has evaluated
the future growth potential of global automotive fabric market and provided
statistics & information on market size, shares, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in the of global automotive fabric market.
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