Market Leader - 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%. Automotive fabric market have grown as the demand from applications such as airbags, upholstery, tires and floor coverings is mounted immensely due to large production of vehicles especially passenger cars worldwide.
The key players profiled in the report 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 others. The automotive fabric market has witnessed insignificant growth in the past few years; government regulations and changing lifestyles drive the growth of this market. Market players are introducing new technologies, acquisitions, collaborations and features to acquire larger market shares.
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Autoliv, Inc. is one of the global leaders in automotive safety products. They develop and manufacture lifesaving technologies like airbags, seatbelts, and pedestrian protection systems. The company is headquartered in Sweden and has a global with operations in 25 countries and 14 Tech Centers. Autoliv Inc, supply these crucial components to major automotive manufacturers around the world. Their overarching mission revolves around the continuous enhancement of safety standards through innovative approaches, with a steadfast commitment to saving lives.
Lear Corporation is one of the leading companies in automotive seating and electrical systems, playing a pivotal role in shaping the modern automotive industry. It has 261 manufacturing, engineering, and administrative locations in 39 countries. Lear Corporation specializes in crafting innovative seating solutions that prioritize comfort, safety, and sustainability. Lear Corporation's commitment to excellence is evident in its relentless pursuit of technological advancements and its dedication to meeting the constantly changing consumer demand regarding the look and conform of automotive interior components. The company offers their products to all automotive segments. Its extensive presence allows it to serve major automakers globally and maintain a dominant manufacturing and engineering footprint across various regions.
Related Reports:
Automotive Fabrics Market by Vehicle Type (Passenger Cars, Light Commercial Vehicle, Heavy Trucks, Buses & Coaches), Application (Floor Coverings, Upholstery, Pre-Assembled Interior Companents, Tires, Safety-Belts, Airbags)- Global Forecast to 2029
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