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Automotive Fabric Market Size

Report ID: GMI5617
Published Date: May 2023
Report Format: PDF

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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.

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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.

Automotive Fabric Market Report Attributes
Report Attribute	Details
Base Year:	2023
Automotive Fabric 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:	Rise in vehicle sale Rise in number of accidents Governments’ stringent safety standards for usage of airbags, safety-belts, and others Rise in demand for low-weight automotive fabric to reduce vehicle pollution
Pitfalls & Challenges:	Highly competitive market

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Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of automotive fabric surpassed USD 36.7 billion in 2023 and is anticipated to grow at 3.7% CAGR during 2024 to 2032, says this GMI report.

Automotive fabrics industry size from the carpets/floor covering application was worth USD 8 billion in 2022 as manufacturers are utilizing raw materials that are high-quality, durable, malleable, and robust in nature.

Polyester automotive fabric industry accounted for USD 14 billion in 2022 as this fabric is widely used in seats, door panels, headliners, and carpets & floor mats among others.

Acme Mills Company, Heathcoat Fabrics Limited, Adient Plc, Navbharat Textile Processors, Grupo Antolin Irausa, and Lear Corporation. are some of the leading brands present in the global automotive fabric sector.