Automotive Fabrics Market

In terms of value, the automotive fabrics market is estimated to grow from USD 40.5 billion in 2024 to USD 51.4 billion by 2029, at a CAGR of 4.9%. One of the major reasons for making a positive outlook for the automotive fabrics market is the evolving lifestyle across worldwide, mounting popularity for esthetic vehicles with comfort and safety. Also, technological advancements in the automotive fabric industry are pushing the market. Due to these reasons, the consumption of automotive fabrics has grown significantly.

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Market Dynamics

Driver: Rising safety measures in automotive application

The automobile sector is undergoing a considerable transition towards increased safety protocols, which is anticipated to propel the need for automotive fabric. With safety regulations becoming more stringent worldwide, automotive manufacturers are prioritizing the integration of advanced safety features into vehicles to enhance occupant protection. Automotive fabric plays a crucial role in this regard, as it is utilized in various safety components such as airbags, seat belts, and headrests.  Furthermore, as autonomous driving technologies advance, the demand for novel fabric materials with extra safety features like impact absorption and injury reduction has increased.

Restraints : Availability of substitute

The availability of substitute materials like natural leather is indeed posing a challenge to the demand for automotive fabric in certain segments of the market. Natural leather has long been favored in automotive interiors for its luxurious feel, durability, and aesthetic appeal.  The creation of substitute materials, which have an eco-friendly advantage and resemble leather in appearance and feel, has been prompted by the increased focus on sustainability and environmental issues. The automotive industry is seeing a rise in the use of these alternatives, which have a reduced environmental impact and are frequently more affordable to produce, like recycled materials and synthetic leather (sometimes referred to as faux leather or vegan leather). As a result, the availability of these substitute materials is restricting the demand for traditional automotive fabric.

Opportunities: Increasing production of different types of vehicles

The increasing production of different types of vehicles presents a significant opportunity for the automotive fabric market. As the automotive industry continues to expand, driven by factors such as population growth, urbanization, and rising disposable incomes across the globe, there is also a corresponding increase in the demand for vehicles. This includes passenger cars, light commercial vehicles, heavy trucks, buses, and specialty EVs. Each of these vehicle types requires a diverse range of automotive fabrics for interior upholstery, seating, carpeting, headliners, and other components. Moreover, with the trend towards customization and personalization in vehicle interiors, there is a growing need for a wide variety of fabric options to cater to diverse consumer preferences. As such, the increasing production of different vehicles not only fuels the overall demand for automotive fabric but also creates new opportunities for fabric manufacturers to innovate and develop new and unique products catering to specific vehicle types and market segments.

Challenges: Strict HAP emission regulations monitoring automotive fabric market

The strict enforcement of Hazardous Air Pollutant (HAP) emissions laws presents a major obstacle for the automotive fabric sector. Global regulatory agencies are putting greater pressure on automakers to meet tighter emissions regulations as environmental worries grow. The reduction of harmful emissions from a variety of vehicle components, including interior materials like automobile fabric, is mandated by these laws. The challenge for automotive fabric manufacturers is to create goods that not only satisfy the industry's strict performance and safety standards, but also adhere to ever-tougher emissions rules. Adopting different manufacturing techniques and materials to meet these standards frequently results in higher production costs and technological challenges.

Automotive Fabrics Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of automotive fabrics. These companies have been in business for a while and have a broad range of products, cutting-edge technologies, and robust international sales and marketing networks. Prominent companies in this market include Autoliv Inc, (Sweden), Lear Corporation (US), Toray Industries (Tokyo), Hyosung Corporation (South Korea), Teijin Limited (Japan), Indorama Ventures Public Company (Thailand), Asahi Kasei Corporation (Japan), Toyobo Co., Ltd (Japan), Toyota Boshoku Corporation (Japan), SEIREN Co. Ltd. (Japan), and Suminoe Textile Co., Ltd. (Japan) and among others.

Based on vehicle type, passenger cars was the largest segment of the automotive fabrics market in terms of value, in 2023.

The demand for automotive fabric in passenger cars remains substantial, driven by several key factors. With respect to both production and sales, passenger cars account for the largest share in worldwide automotive business. Because of this, the vast number of passenger cars that are produced demands a large quantity of automotive fabric for the interiors of these vehicles, which include the seats, door panels, headliners, and carpets. Furthermore, as passenger car purchases become more customized, comfortable, and aesthetically pleasing, automakers are investing in premium interior materials like automotive cloth. All these factors drive the market for automotive fabric in the passenger cars segment.

Based on application, floor coverings was the largest segment of automotive fabrics market, in terms of value, in 2023.

The automotive fabric market is experiencing a noticeable demand, particularly in the floor coverings application segment. Floor coverings including carpets and car foot mats play a crucial role in enhancing the comfort, esthetics, and insulation of vehicle interiors. The increasing consumer preference for customized and premium interiors, coupled with the growing trend of luxury and comfort-focused vehicle features, is driving the demand for high-quality automotive floor coverings. Additionally, advancements in automotive floor covering technology have led to the development of materials that offer superior durability, stain resistance, and noise insulation properties, further fueling their popularity.

Asia Pacific accounted for the largest market share for the automotive fabrics market, in terms of value, in 2023.

 Asia Pacific is the largest and fastest-growing region, in terms of both value and volume, during the forecast period. Because electric cars (EVs) frequently demand specialized materials with excellent thermal management features and lightweight characteristics, the shift towards EVs in Asia Pacific is opening up new prospects for automotive fabric manufacturers. Additionally, the region's strict laws governing safety requirements and emissions from automobiles are pressuring automakers to emphasize the use of environmentally friendly and compliant materials, such as automotive textiles. The need for automotive fabric in Asia Pacific is further increased by the existence of significant automotive manufacturing hubs in countries like China, Japan, South Korea, and India, establishing the area as a major growing market in the worldwide automotive fabric industry.

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Key Market Players

Autoliv Inc, (Sweden), Lear Corporation (US), Toray Industries (Tokyo), Hyosung Corporation (South Korea), Teijin Limited (Japan), Indorama Ventures Public Company (Thailand), Asahi Kasei Corporation (Japan), Toyobo Co., Ltd (Japan), Toyota Boshoku Corporation (Japan), SEIREN Co. Ltd. (Japan), and Suminoe Textile Co., Ltd. (Japan) among others, these are the key manufacturers that secured major market share in the last few years.

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Scope of the Report

This report categorizes the global Automotive fabrics Market based on vehicle type, application, and region.

On the basis of vehicle type, the Automotive fabrics Market has been segmented as follows:

• Passenger Cars
• Light Commercial Vehicles
• Heavy Trucks
• Buses & Coaches

On the basis of Application, the Automotive fabrics Market has been segmented as follows:

• Upholstery
• Airbags
• Floor Coverings
• Safety Belts
• Tires
• PRIC (Pre-assembled Interior Components)
• Others

On the basis of region, the Automotive fabrics Market has been segmented as follows:

• Asia Pacific
• Europe
• North America
• Middle East & Arica
• South America

Recent Developments

• In June 2023, Autoliv has recently announced that it plans to launch its first motorcycle airbag in 2025. The bag-on-bike airbag is expected to reach the market in Q1 2025, marking a significant expansion of the company's product offerings beyond automotive safety systems. This new product is part of Autoliv's commitment to innovation and safety across various modes of transportation.
• In October 2022, Lear revealed the introduction of ReNewKnit sueded material intended for seating and door panel use in collaboration with a major global automaker and composed of 100% recycled plastic bottles. The products are spun from polyester yarn and finished with a foam-free, recycled fleece backing to reduce water and energy consumption.
• In November 2022, Lear acquired InTouch Automation on November 18, 2022, to enhance its seating capabilities and Industry 4.0 strategy by integrating vital technologies for automotive seat production.
• In November 2019, Toray Industries developed new carbon fibers, which has high tensile modulus and tensile strength. This helped the company to expand its business.
• In December 2022, Indorama Ventures partnered with Faurecia, a global automotive supplier, to develop a new sustainable and innovative solution called Auraloop. Auraloop is based on polyester and is 100% recyclable, which aims to replace car seat foam. This partnership demonstrates the company's commitment to sustainability and innovation in the automotive fabric market.

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