Automotive Fabric Market Trends, Analysis & Forecast, 2032

Automotive Fabric Market is projected to cross USD $51.5 Bn by 2032, driven by the increasing demand for automobiles and the subsequent need for automotive fabrics for roof covering and upholstery. Additionally, the growing consumer focus on vehicle comfort and aesthetics will propel product demand in the forthcoming years. Consistent technological upgrades in fabric manufacturing have resulted in the development of high-quality products and innovative and durable fabrics.

Automotive fabrics are crucial to meet the stringent safety regulations and performance standards across the automotive sector, which, in consequence, will contribute to market growth and expansion.Besides, escalating mergers and acquisitions among several key market players will further open new growth avenues for the automotive fabric industry. Quoting an instance, in June 2023, Adient, the world leader in automotive seating, and Arvind Ltd., one of the biggest textile-to-retail conglomerates in the world, together announced a joint venture, Adient Arvind Automotive Fabrics. The new company will design, produce, and market automotive fabrics in India.

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In terms of fabric, the leather segment will accumulate a notable revenue share by 2032 due to the high aesthetic appeal and durability of leather, making it a popular choice among automobile manufacturers. Additionally, the growing demand for easy-to-maintain and comfortable fabrics will propel the sales of leather as an automotive fabric. These factors, in covalence with the increasing consumer preference for high-end and sophisticated interiors, will favor segment growth through 2032.

Based on application, the automotive fabric market share from the upholstery segment will grow significantly over 2023-2032. The segment growth can be attributed to the increasing consumer preference for comfortable and aesthetically appealing vehicle interiors. Additionally, advancements in fabric technology, such as stain resistance and durability, have made automotive fabrics ideal for automotive upholstery, ensuring longevity and easy maintenance. The rising trend of customization in vehicle interiors further fuels the demand for a wide variety of fabric options to suit individual tastes and preferences.

With respect to vehicle, the commercial vehicle segment of the automotive fabric market will depict appreciable growth throughout 2023-2032. Commercial vehicles such as buses, vans, and trucks are subjected to heavy use and require durable upholstery materials to withstand constant wear and tear. Businesses are recognizing the importance of providing comfortable and attractive interiors in commercial vehicles to enhance the overall experience for drivers and passengers. Besides, a growing emphasis on eco-friendly practices and demand for sustainable and recyclable fabric options in commercial vehicle upholstery will propel segment gains.

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Regionally, the North America automotive fabric industry will gain commendable traction between 2023 and 2032. The growth in the region can be attributed to the robust automotive industry, the presence of major manufacturers, and a large consumer base. Additionally, stringent safety and quality standards across the automotive sector require fabrics that meet specific regulations. The presence of technologically advanced fabric manufacturers and a strong distribution network further support the regional market growth.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    Automotive Fabric Market industry 3600 synopsis, 2018 – 2032

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Fabric type trends

2.1.4    Application trends

2.1.5    Vehicle type trends

Chapter 3   Automotive Fabric Industry Insights

3.1    Industry segmentation

3.2    Industry size and forecast, 2018 – 2032

3.2.1    COVID-19 impact on industry landscape

3.3    Industry ecosystem analysis

3.3.1    Vendor matrix

3.3.2    Distribution channel analysis

3.3.2.1   Contract Manufacturing

3.3.2.2   Distributors

3.3.3    Profit margin analysis

3.4    Regulatory Landscape

3.5    Pricing analysis

3.6    Industry impact forces

3.6.1    Growth drivers

3.6.1.1   Rise in vehicle sale

3.6.1.2   Rise in number of accidents

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

3.6.1.4   Rise in demand for low-weight automotive fabric to reduce vehicle pollution

3.6.2    Industry pitfalls & challenges

3.6.2.1   Fluctuating raw material prices

3.7    Growth potential analysis, 2022

3.8    Porter’s analysis

3.9    PESTEL analysis

3.10    COVID-19 impact on Automotive Fabric demand by vehicle type

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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