Global Automotive Fabrics Market is USD 40.15 Billion during the Forecast Period 2021-2027

Posted February 22, 2022 by vynzresearch2reportindustry

VynZ Research is a global market intelligence company providing research reports.

The global automotive fabric market is anticipated to grow at a 4.9% CAGR during 2021-2027. Auto upholstery and interiors, such as interior carpets, seats, headliners, dashboards, and others, frequently employ automotive fabrics. These fabrics are designed to provide optimal comfort, safety, and security for passengers while driving. Also, they improve the interior environment by giving the car a more appealing appearance. The increased sale of vehicles posts the COVID-19 crisis, mounting demand to reduce vehicle weight owing to stringent regulations to reduce carbon emission, robust economic development, implementation of strict safety standards for adoption of airbags, safety-belts, and others will significantly drive the growth of the global automotive fabric market.

Browse 53 market data Tables and 35 Figures spread through 250 Pages and in-depth TOC on " Automotive Fabric Market by Fabric Type (Polyester, Vinyl, Leather, Nylon, and Others), by Vehicle Type (Passenger Cars (Compact Passenger Cars, Mid-Sized Passenger Cars, Premium Passenger Cars, and Luxury Passenger Cars), Light Commercial Vehicles, Heavy Trucks, and Buses and Coaches), by Application (Pre-Assembled Interior Components (PRIC), Belts and Hoses, Car Roof, Floor Covering, Upholstery, Tires, Spray Adhesive, Airbags, Safety Belts, and Others), and Region - Global Forecast to 2027"

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Based on application, the global automotive fabric market is segmented into pre-assembled interior components (PRIC), belts and hoses, car roof, floor covering, upholstery, tires, spray adhesive, airbags, safety belts, and others. Airbags will grow at the fastest rate during 2021-2027 owing to the growing demand for automotive safety features. Initially, airbags were only available in the driver's seat, but the proven effectiveness of airbags in saving lives has pushed auto manufacturers to include airbags in other seats, resulting in increased industry growth.

North America is anticipated to grow significantly owing to strong domestic demand and export dynamism for automobiles and stringent automotive regulations and standards to use airbags. The increased demand for luxuriant and technologically developed materials that makes the interior safe for vehicles and fuel-efficient will further propel the growth of the automotive fabrics market in the region.

Some of the major players in the global automotive fabrics market include Lear, TOYOTA BOSHOKU CORPORATION, Sage Automotive Interiors, Suminoe Textile Co., Ltd., J & J Auto Fabrics, TESCA, SEIREN Co., LTD., SRF Limited, The Haartz Corporation, and Tenowo GmbH.

Source: VynZ Research
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Last Updated February 22, 2022