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Automotive Fabric Market Size
Automotive Fabric Market size surpassed USD 36.7 billion in 2023 and is anticipated to depict 3.7% CAGR from 2024 to 2032 backed by the strong demand for luxury vehicles with aesthetic interior designs.
According to a report, in 2022, around 37,000-38,000 luxury vehicles were sold in India, a 50% increase from that in 2021. Improving consumer spending on luxury items and emerging demand for custom-made vehicle interiors will complement the industry growth by 2032.
| Report Attributes | Details |
|---|---|
| Base Year: | 2023 |
| Market Size in 2023: | USD 36.7 billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 3.7% |
| 2032 Value Projection: | USD 51.5 billion |
| Historical Data for: | 2018 – 2023 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 265 |
| Segments covered: | Fabric Type, Application, Vehicle type |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Automotive Fabric Market Trends
Rising production of automobiles worldwide and attempts to reduce carbon footprint will complement automotive fabric market expansion. Many automotive brands are looking to use eco-friendly fabric materials within their vehicles to lower carbon footprint. For instance, in October 2022, GM Ventures announced plans to invest in biotechnology company MycoWorks to co-develop Fine Mycelium materials for use in a range of automotive design applications.
Automotive Fabric Market Analysis
The industry size from the carpets/floor covering application was worth USD 8 billion in 2022. Manufacturers of automotive carpets are utilizing raw materials that are high-quality, durable, malleable and robust in nature. Increasing production of new automotive vehicles across nations like the UK, India and Japan should offer a boost to the demand for automotive carpets. In addition, Society of Motor Manufacturers and Traders (SMMT), British car production rose by 6.1% in March 2023, as the shortage of semiconductor chips and other components eased.
Polyester automotive fabric market is expected to witness 4% growth between 2023 and 2032. The material has gained popularity for its high abrasion, high performance, and resistance combined with light and UV resistance at reasonable cost. Many automakers are steadily using ecofriendly materials in vehicle interior to reduce carbon footprint. For instance, in 2022, Autoneum introduced a carpet made of 100% polyester which opened new opportunities for auto manufacturers to meet their sustainability targets.
Asia Pacific automotive fabric industry size was valued at USD 20 billion in 2022. The region is observing robust demand for high-end cars and trucks that are integrated with advanced automotive features and interiors. Automakers are spending heavily on the expansion of their production capacity. For example, in 2023, Maruti Suzuki revealed plans to increase its production capacity by up to 1 million units, a big increase designed to guard its footprint in the country.
Automotive Fabric Market Share
Some of the leading brands present in the global automotive fabric market are
- Acme Mills Company
- Heathcoat Fabrics Limited
- Adient Plc
- Navbharat Textile Processors
- Grupo Antolin Irausa
- Lear Corporation
- Martur Automotive Seating System
- Srf Limited
- Toyota Boshoku Corporation
- Seiren Co.
- Suminoe Textile Co.
- Aunde Group Se
- Sage Automotive Interiors
- Tesca
- Krishna
- Arvind Limited
- Parishudh Fibres
- Shandong Exceeding Auto Interior Parts Co.
- Cigno Leather Company Limited
- Changzhou Jlon Composite Co.
Automotive Fabric Industry News:
- In October 2022, Lear Corp. unveils ReNewKnit, a suitable for various interior applications and improved functionality premium & fully recyclable warp knitted fabric
- In May 2019, Archroma announced Fadex ® AS New, a super UV protector with high resistant to light
This market research report on automotive fabric includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD million from 2018 to 2032 for the following segments:
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Market, By Fabric Type
- Polyester
- Vinyl
- Leather
- Nylon
- Others
Market, By Application
- Carpets/Floor Covering
- Upholstery
- Pre-assembled Interior Components
- Tires
- Safety Belts
- Airbags
- Others
Market, By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
Market, By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Poland
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Thailand
- Indonesia
- Latin America
- Brazil
- Argentina
- Middle East & Africa
- GCC
- South Africa
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