Automotive Fabric Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2032

Automotive fabrics are special textile materials for car interiors and sometimes even exteriors. These fabrics perform various functions, such as aesthetic pleasure, comfort, durability and functionality for the automotive vehicles. The internal components of vehicles consist of automotive fabrics which are used in seat covers, headliners, door panels, carpets, and dashboards. Such fabrics are available in all kinds of materials, colors, textures, and prints to suit different tastes and construction needs.

Automotive fabric can be made of different types of fabrics like nylon, polyester, vinyl, suede and others which can be used for variety of functions suitable for the automotive industry. Automotive fabric that is chosen is critical because it has an effect which is huge on the look, feel, and performance of the vehicle interior. In the case of manufacturers, durability, stain resistance, UV protection, breathability, and maintenance- friendliness are the attributes considered when selecting fabric materials for the automotive industry.

The automotive fabric market is witnessing steady growth, driven by several factors including the increasing production of vehicles globally, rising demand for lightweight materials to improve fuel efficiency, and growing consumer preference for aesthetically appealing interiors. Notably, with the automotive industry undergoing rapid advancements and innovations, the demand for high-quality fabrics that offer superior performance and durability has surged.

The automotive fabric market is anticipated to reach USD XXX.X million by 2032 from USD XXX.X million in 2023, at a CAGR of XX.X% during the forecast period.

The expansion of the automotive industry in emerging economies presents significant growth opportunities for automotive fabric manufacturers. Rapid urbanization, increasing disposable incomes, and evolving consumer preferences contribute to the growing demand for automotive fabric in regions such as Asia-Pacific and Latin America, which is expected to further boost the automotive fabric market during the forecast period 2024-2032.

Growth Drivers:

With the vehicle production increasing worldwide, owing to urbanization, economic improvement and steadily growing consumer demand for vehicles, the automotive fabric market is one of the major growth drivers. The increase in the automobile industry's growth will be proportional to the increase in demand for automotive fabrics used for vehicle interiors and exteriors. Automotive fabric manufacturers enjoy more market opportunities attributable to the growing production volumes of passenger cars, commercial vehicles and EV.

As the stricter regulations for reducing vehicle emissions and improving fuel efficiency are put into place, the demand for lightweight materials, including automotive fabrics, among automakers to maximize performance by optimizing the weight of vehicles without performance compromise increases. Automotive fabrics are now a solution to the heavier materials including leather and plastic which, in turn, fulfil the automakers' regulatory requirements and consumers' expectation toward fuel efficiency in the vehicles.

The desire of consumers for appealing and comfortable vehicle interiors contributes to the demand for high quality automotive fabrics with elegant designs, textures and right ergonomics. Nowadays, the customers want comfort and fashion in their vehicles and so the manufacturers invest in premium interior materials including the automotive fabrics. In addition, fabrics with soft and colorful textures, as well as advanced technical designs increase the aesthetic appeal and comfortable driving, making them appealing to automotive industry.

Continuous advancements in fabric manufacturing technologies make possible the creation of automotive fabrics with different performance features, including heat and stain resistance as well as temperature regulation. Technological innovations in the field of fabric materials, such as the integration of advanced fibers, coatings, and treatments, lead to automotive fabrics which provide a great functionality and a long life span. By building on the latest technologies, automotive fabric suppliers both meet the versatile needs of automotive firms and consumers and increase the differentiation and competitiveness of the market.

Automotive Fabric Segmentation:

By Fabric Type:

·         Nylon

·         Polyester

·         Suede

·         Vinyl

·         Others

By Resin Type:

·         Passenger Cars

·         Light Commercial Vehicles

·         Heavy Trucks

·         Buses & Coaches

By Application:

·         Airbags

·         Floor Covering

·         Upholstery

·         Safety Belts

·         PRIC (Pre-assembled Interior Components)

·         Tires

·         Others

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Automotive Fabric Market by Fabric Type Review:

Based on the fabric type, the automotive fabric market is segmented into five segments including nylon, polyester, suede, vinyl, and others. On the basis of fabric type, the nylon segment is expected to dominate the market in terms of market share, while the suede segment is predicted to grow at the highest rate in terms of CAGR during the forecast period. Suede fabrics offer a luxurious look and feel, making them increasingly popular for premium vehicle interiors. The demand for suede fabrics is driven by consumer preferences for upscale aesthetics and enhanced comfort in vehicle interiors, contributing to its rapid growth within the automotive fabric market.

Automotive Fabric Market by Vehicle Type Review:

Based on the vehicle type, the market is segmented into passenger cars, light commercial vehicles, heavy trucks, and buses & coaches. On the basis of vehicle type, the passenger cars segment is expected to be the largest in terms of market share, while the light commercial vehicles segment is predicted to grow at the highest rate in terms of CAGR during the forecast period. The increasing demand for delivery vans, pickup trucks, and other light commercial vehicles, driven by e-commerce growth, urbanization, and last-mile logistics, contributes to the rapid growth of LCVs as a segment within the automotive fabric market.

Automotive Fabric Market by Application Review:

Based on the application, the market is segmented into airbags, floor covering, upholstery, safety belts, PRIC (pre-assembled interior components), tires, and others. On the basis of application, the floor covering segment is expected to be the largest in terms of market share, while the airbags segment is predicted to grow at the highest rate in terms of CAGR during the forecast period. The increasing focus on vehicle safety regulations and standards worldwide drives the demand for airbag systems in vehicles. Airbag fabrics are specifically engineered to meet stringent safety requirements, including high tensile strength and tear resistance, contributing to the rapid growth of airbag fabrics as a segment within the automotive fabric market.

Regional Outlook:

The automotive fabric market research report offers detailed analysis and forecasts for five major regions i.e., North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa.

The Asia Pacific region is forecasted to dominate the global automotive fabric market followed by North America, Europe, Latin America, and Middle East & Africa during the forecast period 2023-2030.

Asia Pacific region is forecasted to keep the leadership position in the global automotive fabric market, with a share of XX.X% of the market anticipated in 2023. The automotive fabric market in the region is mainly driven by the factors including the fast urbanization, increased disposable incomes, the growth in the automotive manufacturing industries and rising consumer demand for the vehicles in the region. Implementation of fast industrialization and urbanization in China, India, Japan, and South Korea among other nations rouses the increasing utilization of automotive fabrics in both passenger and commercial vehicles. In addition, countries like Southeast Asia also provide bright growth prospects for the automotive fabric manufacturers due to increasing consumer demand for vehicles, and rapidly evolving infrastructure which is expected to further trigger the growth of automotive fabric market in Asia Pacific in the forecast period 2024-2032.

Automotive manufacturing in the Asia-Pacific region is truly a remarkable site, with countries such as China and India taking the lead. Rising manufacture of passenger cars, commercial vehicles and electric vehicles, in turn, lead to an increase in demand for automotive fabrics in the region.

The Asia-Pacific region is experiencing prominent development in automotive sector that is driven by factors such as urbanization, infrastructural development and government incentives. With increasing production of vehicles, the consumption of automotive fabrics also rises in proportion, resulting in market expansion.

In addition, the increasing purchasing power and better living standards further increase vehicle ownership in this region. In addition to an increase in the number of acquired vehicles, there is a corresponding rise in the need for automotive fabrics so as to improve comfort, looks and functionality. In addition, the customers in Asia Pacific region are particularly interested in customization and personalization of the car interiors which, in turn, would positively influence the market growth in the region during the forecast period 2024-2032.

In North America, which comprises The United States of America and Canada, the automotive fabrics market is driven by a robust automotive manufacturing segment and a strong aftermarket. The area is home to an advanced automotive industry with the market clamoring for bespoke interiors and fine quality fabrics. As the primary consumer of premium car sales, North America also experiences a demand for fabrics developed for automobiles offering luxurious textures, superb comfort, and sophisticated features. Moreover, environmental issues make the ecofriendly materials in automotive fabrics manufacturing more popular. Therefore, the number of OEMs and fabric suppliers in North America which invest in eco-adaptations is expected to increase as well during the forecast period 2024- 2032.

Key Companies in Automotive Fabric Market:

The research report offers a competitive analysis of prominent companies operating in the automotive fabric market. Some of the leading players profiled in the market research report include:

·         Lear Crop.

·         HYOSUNG

·         TEIJIN LIMITED

·         Indorama Ventures Public Company Limited

·         Asahi Kasei Corporation

·         TOYOBO CO., LTD.

·         Suminoe Textile Co., Ltd.

·         SRF Limited

·         TOYOTA BOSHOKU CORPORATION 

·         SEIREN Co., LTD.

·         Other Players