The automotive fabrics market size was USD 28.81 Billion in 2015 and is projected to reach USD 34.35 Billion by 2021, registering a CAGR of 3.3% between 2016 and 2021.
The report "Automotive Fabric Market by Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Trucks, Buses & Coaches) & Application (Floor Covering, Upholstery, Pre-assembled Interior Components, Tires, Safety-Belts, Airbags) - Global Forecast to 2021"
Browse 118 market data tables and 46 figures spread through 170 pages and in-depth TOC on “Automotive Fabric Market by Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Trucks, Buses & Coaches) & Application (Floor Covering, Upholstery, Pre-assembled Interior Components, Tires, Safety-Belts, Airbags) - Global Forecast to 2021”
Early buyers will receive 10% customization on reports.
The increased demand for automotive fabrics from floor covering; upholstery; pre-assembled interior components; tires; safety-belts; airbags; and other applications is driving the market.
“Floor covering is the largest application segment for automotive fabrics”
Floor covering accounts for the largest share of the global automotive fabrics market and is projected to grow at a CAGR of 3.4% between 2016 and 2021, in terms of value. The floor covering segment is projected to drive the automotive fabrics market between 2016 and 2021 due to the increasing usage of carpets in automobiles. Automotive fabrics are used in carpets because they have noise and vibration absorption properties. These fabrics offers savings both in cost and weight.
“Automotive fabrics market is expected to witness significant growth in the passenger cars segment”
Automotive fabrics market is expected to witness significant growth in the passenger cars segment between 2016 and 2021. This is owing to the rising demand of passenger cars in countries such as China, India, Japan, the U.S., Canada, Mexico, South Korea, Spain, France, Indonesia, the U.K., Brazil, and Russia, among others. The increasing demand for passenger cars can also be attributed to the rising middle class income in countries such as China, India, and Brazil, which in turn is expected to boost the demand for automotive fabrics in the passenger cars segment.
“Asia-Pacific is the largest market for automotive fabrics”
Asia-Pacific dominated the global automotive fabrics market in 2015. Population growth and rapid urbanization in key countries, such as China and India, accompanied by the rising demand for automobiles contribute towards the growth of automotive fabrics market in this region. In addition, major companies such as Takata Corporation (Japan) and Haartz Corporation (U.S.) are expanding their automotive fabrics business in the region which drives the demand for automotive fabrics in the region.
Key players profiled in the report include Adient plc (Ireland), Lear Corporation (U.S.), Toyota Boshoku Corporation (Japan), Seiren Co., Ltd. (Japan), Suminoe Textile Co., Ltd. (Japan), SRF Limited (India), Sage Automotive Interiors Inc. (U.S.), Takata Corporation (Japan), Grupo Antolin Irausa, S.A. (Spain), Acme Mills Company (U.S.), Martur Automotive Seating Systems (Turkey), Glen Raven Inc. (U.S.), Haartz Corporation (U.S.), and Tenowo GmbH (Germany).
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: [email protected]
Last updated on 17-May-2019