Automotive Fabric Market Overview
The Automotive Fabric market size is estimated
to reach US$39.6 billion by 2027 after growing at a CAGR of 4.9% during the
forecast period 2022-2027. Automotive Fabrics such as polyester, leather, vinyl and nylon are used in automotive
applications including seats, carpets, headliners, hood liners and others. High-performance
features provided by automotive fabric such as comfort, safety, decoration and
moisture retention ability are significantly influencing the automotive fabric
market. Factors such as growing demand for e-vehicles, growing investment in
automotive sectors and an increase in production of heavy commercial vehicles are
driving the automotive fabric industry. However, the growing prices of crude
oil from which fabrics such as polyester, vinyl & nylon are derived are
anticipated to pose a challenge to automotive fabric market growth. Also, the COVID-19 pandemic resulted in a decrease in the market demand for automotive fabric due to the
closure of various manufacturing plants and factories in the automotive sector.
However, the steady increase in automotive production on account of the slowly
growing demand for new cars would positively impact the Automotive Fabric industry outlook during the forecast period.
Automotive Fabric Market Report Coverage
The “Automotive Fabric Market Report –
Forecast (2022–2027)” by IndustryARC, covers an in-depth analysis of the
following segments in the Automotive Fabric Industry.
By Product Type – Woven,
Non-Woven, Composites and Others.
By Fabric – Nylon,
Polyester, Vinyl, Leather and Others.
By Application – Carpets,
Seats, Headliners, Door Liners, Belts, Airbags, Hood liners and Others.
By Automotive Type – Passenger Vehicles (PV), Light Commercial Vehicles (LCV) and Heavy
Commercial Vehicles (HCV).
By Geography - North America (the USA, Canada and
Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the
Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, New
Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil,
Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World
(the Middle East and Africa).
Key Takeaways
- Asia-Pacific
dominated the Automotive Fabric market owing to the growing production of passenger
as well as commercial vehicles in the region which is significantly influencing
the demand for Automotive Fabric in the region.
- Bolstering
growth in transportation and logistics services has boosted the demand for
heavy commercial trucks resulting in an increase in the production of such
vehicles. Thus, this would create more usage of Automotive Fabric in such
vehicles, thereby positively impacting the Automotive Fabric industry outlook.
- Growing
demand for e-vehicles to tackle pollution issues has increased the production
of such vehicles, resulting in more usage of Automotive Fabrics for seats,
belts, airbags and door liner applications in e-vehicles.
- An
increase in the price of crude oil would affect the demand and usage of certain
Automotive Fabrics such as polyester, nylon and vinyl. It would negatively
impact the Automotive Fabric market size during the forecast period.
Figure: Automotive Fabric Market Revenue Share, by Geography, 2021 (%)
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Automotive Fabric Market Segment Analysis – by Fabric
The polyester fabric held the largest share in the Automotive
Fabric market share in 2021 and is projected to grow at a CAGR of 5.1% during
the forecast period 2022-2027. Polyester fabric, in comparison to other
automotive fabrics such as nylon, vinyl and leather, is more resilient, elastic, cost-effective and has higher abrasion and UV resistance. Also, polyester, due
to its excellent anti-aging performance, provides good shape and dimension
stability for a longer period. Owing to its high-performance features along with the rapidly growing automotive sector, the demand for polyester fabric for
automotive seats, carpets and headliners is anticipated to increase during the
forecast period resulting in the positive segment growth of the fabric.
Automotive Fabric Market Segment Analysis – by Automotive Type
The passenger vehicle held the largest share in the
Automotive Fabric market share in 2021 and is expected to grow at a CAGR of 5.6%
during the forecast period 2022-2027. Automotive fabrics such as polyester,
nylon and leather have high applicability in interiors of passenger vehicles
for door liners, seats, carpets and ceiling covering. The growing trend of
personal mobility and rising demand for comfort and safety is driving the
demand for passenger vehicles, increasing their production. According to the International Organization of Motor Vehicle Manufacturers, in
2021, the global passenger vehicle production stood at 57 million, showing a 2%
increase in comparison to the previous year. With the increase in passenger
vehicle production, the demand and usage of the automotive fabric for interiors
application have also increased, resulting in the positive market growth of the
Automotive Fabric sector during the forecast period.
Automotive Fabric Market Segment Analysis – by Geography
Asia-Pacific held the largest share of up to 55.5% in the Automotive Fabric market in 2021. The region is considered the manufacturing hub for the automotive industry in the world. Growing investments and adoption of technological upgradation in the automotive sector, along with rapid urbanization in the region, have resulted in a significant increase in the demand for new cars. This has fueled the demand for automotive fabric in Asia-Pacific. For instance, according to the International Organization of Motor Vehicle Manufacturers, in 2021, automotive production in Asia-Pacific stood at 46.7 million units, showing a 6% increase in comparison to the previous year. The region also witnessed an increase in automotive production at the country level. According to the same data, automotive production in China and India increased by 3% and 30%, respectively. With the increase in automotive production, the demand and usage of Automotive Fabric have also increased, which is boosting the growth of the Automotive Fabric market in the Asia-Pacific region.
Automotive Fabric Market Drivers
Growing Demand for E-Vehicles:
Growing pollution concern has increased
the demand for fuel-efficient and pollution-free vehicles around the world. This has increased
the demand for e-vehicles. According to the Statement by electric
vehicle manufacturer Tesla, in June 2022, the global electric vehicle
production of the company increased by 46% compared to the same month of last year.
Furthermore, according to the European Automobile Manufacturing Association, in
2020, e-vehicle production in the EU increased up to 11% in comparison to 2019.
Such an increase in the production level of electric vehicles on account of the
high demand for electric hybrid vehicles would accelerate the market demand for Automotive Fabrics such as nylon, polyester, leather and vinyl resulting in a
positive growth of the Automotive Fabric industry during the forecast period.
Increase in Production of Heavy Commercial Vehicles:
Heavy commercial vehicles such as
trucks are mainly used during logistics for transporting heavy commodities such
as cement and metals. The rapid development in major end-users of heavy
commercial vehicles such as building & construction and metallurgy has
increased the demand for such vehicles, boosting their production level. For instance,
according to the International Organization of Motor Vehicle Manufacturers, in
2021, heavy truck production at the global level stood at 4.29 million units,
showing a 4% increase in comparison to the 2019 production level. Furthermore,
heavy truck production increased at regional levels also. According to the same 2021 data provided by OICA, heavy truck production
increased by 31% in Europe and by 19% in North America in comparison to 2020. Such
an increase in heavy truck production would raise the demand for automotive
fabric for seat, carpet and ceiling covering applications, thereby stimulating
the growth of the Automotive Fabric industry during the forecast period.
Automotive Fabric Market Challenge
Increase in the Price of Crude Oil:
Automotive Fabrics such as polyester,
nylon and vinyl, being synthetic in nature, are
made from
petroleum or crude oil. The price of crude oil has increased due to growing
industrial demand. This is posing a challenge to the growth of the automotive
fabric market. According to the Energy Information Administration, in October
2021, crude oil price stood at US$86 per barrel, showing a 104% increase in the
price in comparison to the previous year's same month. Thus, the increase in the
price of crude oil would accelerate the overall price of automotive fabrics
such as polyester, nylon and vinyl. This would limit their usage in the
automotive sector, thereby restraining the growth of the Automotive Fabric
market size during the forecast period.
Automotive Fabric Industry Outlook
Technology launches, acquisitions and
R&D activities are key strategies adopted by players in the Automotive
Fabric market. The top 10 companies in the Automotive Fabric Market are:
1. Acme Mills Company
2. Heathcoat Fabric Ltd.
3. Lear Corporation
4. Toyota Boshoku Corporation
5. Seiren Co. Ltd.
6. Suminoe Textile Co. Ltd.
7. Sage Automotive Interiors Inc.
8. SRF Limited
9. Adient Plc
10. Tenowo GmbH
Recent Developments
- In February 2022, Japan’s Teijin launched a strong and cost-effective carbon fiber woven fabric that can be majorly used for automotive interiors such as seats, door liners and carpets.
- In March 2020, Sage Automotive Interior Inc. acquired Adient’s Automotive Fabric business for US$175 million. Such an acquisition would increase automotive production capacity of Sage.
- In March 2020, Automotive Fabric manufacturer Tesca acquired Willy Schmitz. Such an acquisition would expand Tesca’s automotive fabric products in Germany’s automotive market.
Relevant Reports
Report
Code – CMR 0443
Report Code – CMR 70416
Report Code – CMR 21283
For more Chemicals and Materials Market reports, please click here
LIST OF TABLES
1.Global Automotive Fabrics Market By Vehicle Type Market 2023-2030 ($M)1.1 Market Size Estimation Market 2023-2030 ($M) - Global Industry Research
1.1.1 Passenger Cars Market 2023-2030 ($M)
1.1.2 Light Commercial Vehicles Market 2023-2030 ($M)
1.1.3 Heavy Trucks Market 2023-2030 ($M)
1.1.4 Buses & Coaches Market 2023-2030 ($M)
2.Global Automotive Fabrics Market By Vehicle Type Market 2023-2030 (Volume/Units)
2.1 Market Size Estimation Market 2023-2030 (Volume/Units) - Global Industry Research
2.1.1 Passenger Cars Market 2023-2030 (Volume/Units)
2.1.2 Light Commercial Vehicles Market 2023-2030 (Volume/Units)
2.1.3 Heavy Trucks Market 2023-2030 (Volume/Units)
2.1.4 Buses & Coaches Market 2023-2030 (Volume/Units)
3.North America Automotive Fabrics Market By Vehicle Type Market 2023-2030 ($M)
3.1 Market Size Estimation Market 2023-2030 ($M) - Regional Industry Research
3.1.1 Passenger Cars Market 2023-2030 ($M)
3.1.2 Light Commercial Vehicles Market 2023-2030 ($M)
3.1.3 Heavy Trucks Market 2023-2030 ($M)
3.1.4 Buses & Coaches Market 2023-2030 ($M)
4.South America Automotive Fabrics Market By Vehicle Type Market 2023-2030 ($M)
4.1 Market Size Estimation Market 2023-2030 ($M) - Regional Industry Research
4.1.1 Passenger Cars Market 2023-2030 ($M)
4.1.2 Light Commercial Vehicles Market 2023-2030 ($M)
4.1.3 Heavy Trucks Market 2023-2030 ($M)
4.1.4 Buses & Coaches Market 2023-2030 ($M)
5.Europe Automotive Fabrics Market By Vehicle Type Market 2023-2030 ($M)
5.1 Market Size Estimation Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Passenger Cars Market 2023-2030 ($M)
5.1.2 Light Commercial Vehicles Market 2023-2030 ($M)
5.1.3 Heavy Trucks Market 2023-2030 ($M)
5.1.4 Buses & Coaches Market 2023-2030 ($M)
6.APAC Automotive Fabrics Market By Vehicle Type Market 2023-2030 ($M)
6.1 Market Size Estimation Market 2023-2030 ($M) - Regional Industry Research
6.1.1 Passenger Cars Market 2023-2030 ($M)
6.1.2 Light Commercial Vehicles Market 2023-2030 ($M)
6.1.3 Heavy Trucks Market 2023-2030 ($M)
6.1.4 Buses & Coaches Market 2023-2030 ($M)
7.MENA Automotive Fabrics Market By Vehicle Type Market 2023-2030 ($M)
7.1 Market Size Estimation Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Passenger Cars Market 2023-2030 ($M)
7.1.2 Light Commercial Vehicles Market 2023-2030 ($M)
7.1.3 Heavy Trucks Market 2023-2030 ($M)
7.1.4 Buses & Coaches Market 2023-2030 ($M)
LIST OF FIGURES
1.US Automotive Fabric Market Revenue, 2023-2030 ($M)2.Canada Automotive Fabric Market Revenue, 2023-2030 ($M)
3.Mexico Automotive Fabric Market Revenue, 2023-2030 ($M)
4.Brazil Automotive Fabric Market Revenue, 2023-2030 ($M)
5.Argentina Automotive Fabric Market Revenue, 2023-2030 ($M)
6.Peru Automotive Fabric Market Revenue, 2023-2030 ($M)
7.Colombia Automotive Fabric Market Revenue, 2023-2030 ($M)
8.Chile Automotive Fabric Market Revenue, 2023-2030 ($M)
9.Rest of South America Automotive Fabric Market Revenue, 2023-2030 ($M)
10.UK Automotive Fabric Market Revenue, 2023-2030 ($M)
11.Germany Automotive Fabric Market Revenue, 2023-2030 ($M)
12.France Automotive Fabric Market Revenue, 2023-2030 ($M)
13.Italy Automotive Fabric Market Revenue, 2023-2030 ($M)
14.Spain Automotive Fabric Market Revenue, 2023-2030 ($M)
15.Rest of Europe Automotive Fabric Market Revenue, 2023-2030 ($M)
16.China Automotive Fabric Market Revenue, 2023-2030 ($M)
17.India Automotive Fabric Market Revenue, 2023-2030 ($M)
18.Japan Automotive Fabric Market Revenue, 2023-2030 ($M)
19.South Korea Automotive Fabric Market Revenue, 2023-2030 ($M)
20.South Africa Automotive Fabric Market Revenue, 2023-2030 ($M)
21.North America Automotive Fabric By Application
22.South America Automotive Fabric By Application
23.Europe Automotive Fabric By Application
24.APAC Automotive Fabric By Application
25.MENA Automotive Fabric By Application
26.Adient PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Lear Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Toyota Boshoku Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Takata Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.SRF Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Sage Automotive Interiors Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Tenowo GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.ACME Mills Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Martur Automotive Seating Systems, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Haartz Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)