The scope of our recent study on the “Automotive Fabric Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by component, and material” includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.

The automotive fabric market was valued at US$ 41,513.83 million in 2022 and is projected to reach US$ 60,722.34 million by 2030; it is expected to grow at a CAGR of 4.9% from 2022 to 2030.

Many manufacturers are involved in product innovations related to automotive fabrics. To manage the rise in demand and supply capabilities, manufacturers are incorporating various legal and consumer requirements to launch environment-friendly, technologically advanced, and legally approved fabric materials. Development of coatings that provide resistance to stains, water and UV radiations, help in maintaining the appearance and durability of automotive fabric. The continuous research into developing fabrics that can accommodate airbags while ensuring customer safety, thereby prompting development of tear-resistant materials and seamless integration. 

Moreover, the significant use of knitted and woven fabrics, owing to their improved flexibility, comfort, stretchability, and better visual quality, promotes the demand for such fabrics. The manufacturers prefer lightweight composite material, which possesses minimal moisture content and is integrated with advanced adhesive technology to regulate sealing, vibration, and harshness in vehicles. Also, the use of fabrics in floor covering to absorb noise and vibration enhances the overall customer experience. Thus, a rise in innovative technological developments in the automotive fabric industry is likely to generate several growth opportunities for the market in the coming years.

Impact of COVID-19 Pandemic on Automotive Fabric Market

The global economy was hit hard due to the COVID-19 pandemic. Governments of various regions had taken possible steps to restrict the spread of SARS-CoV-2 by announcing country-wide lockdowns, which directly impacted the growth of automotive sector. The fabric industry faced challenges procuring raw materials. Moreover, restrictions in the raw materials procurement activities have significantly fluctuated the prices of automotive fabric market. However, the automotive fabric market has recovered due to the increasing automotive sector growth.

The report includes the segmentation of the global automotive fabric market as follows:

On the basis of segmentation global automotive fabric market, by component, is segmented into carpet, headliner, hood liner, insulation, seat covering material, and others. By material, the market is segmented into textiles, artificial leather, genuine leather, and artificial suede. By geography, the global automotive fabric market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The global automotive fabric market in North America is further segmented into the US, Canada, and Mexico. The global automotive fabric market in Europe is subsegmented into Germany, France, the UK, Italy, Poland, Sweden, Russia, and the Rest of Europe. The global automotive fabric market in Asia Pacific is further categorized into Australia, India, Japan, China, South Korea, and the Rest of Asia Pacific. The market in the MEA is further segmented into South Africa, Saudi Arabia, UAE, and the Rest of MEA. The global automotive fabric market in South & Central America is studied on the basis of Brazil, Argentina, and the Rest of South & Central America.

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