Automotive Fabric Market Analysis

Automotive Fabric Market Analysis

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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.