Automotive Fabric Market - Forecast(2023 - 2028)

Report Code: CMR 74155 Report Format: PDF + Excel

Automotive Fabric Market Overview

The Automotive Fabric market size is estimated to reach US$39.6 billion by 2027 after growing at a CAGR of 4.9% during the forecast period 2022-2027. Automotive Fabrics such as polyester, leather, vinyl and nylon are used in automotive applications including seats, carpets, headliners, hood liners and others. High-performance features provided by automotive fabric such as comfort, safety, decoration and moisture retention ability are significantly influencing the automotive fabric market. Factors such as growing demand for e-vehicles, growing investment in automotive sectors and an increase in production of heavy commercial vehicles are driving the automotive fabric industry. However, the growing prices of crude oil from which fabrics such as polyester, vinyl & nylon are derived are anticipated to pose a challenge to automotive fabric market growth. Also, the COVID-19 pandemic resulted in a decrease in the market demand for automotive fabric due to the closure of various manufacturing plants and factories in the automotive sector. However, the steady increase in automotive production on account of the slowly growing demand for new cars would positively impact the Automotive Fabric industry outlook during the forecast period.

Automotive Fabric Market Report Coverage

The “Automotive Fabric Market Report – Forecast (2022–2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Automotive Fabric Industry.

By Product Type – Woven, Non-Woven, Composites and Others.
By Fabric – Nylon, Polyester, Vinyl, Leather and Others.
By Application – Carpets, Seats, Headliners, Door Liners, Belts, Airbags, Hood liners and Others.
By Automotive Type – Passenger Vehicles (PV), Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV).
By Geography - North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World (the Middle East and Africa).

Key Takeaways

  • Asia-Pacific dominated the Automotive Fabric market owing to the growing production of passenger as well as commercial vehicles in the region which is significantly influencing the demand for Automotive Fabric in the region.
  • Bolstering growth in transportation and logistics services has boosted the demand for heavy commercial trucks resulting in an increase in the production of such vehicles. Thus, this would create more usage of Automotive Fabric in such vehicles, thereby positively impacting the Automotive Fabric industry outlook.
  • Growing demand for e-vehicles to tackle pollution issues has increased the production of such vehicles, resulting in more usage of Automotive Fabrics for seats, belts, airbags and door liner applications in e-vehicles.
  • An increase in the price of crude oil would affect the demand and usage of certain Automotive Fabrics such as polyester, nylon and vinyl. It would negatively impact the Automotive Fabric market size during the forecast period.

Figure: Automotive Fabric Market Revenue Share, by Geography, 2021 (%)

 Automotive Fabric Market

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Automotive Fabric Market Segment Analysis – by Fabric

The polyester fabric held the largest share in the Automotive Fabric market share in 2021 and is projected to grow at a CAGR of 5.1% during the forecast period 2022-2027. Polyester fabric, in comparison to other automotive fabrics such as nylon, vinyl and leather, is more resilient, elastic, cost-effective and has higher abrasion and UV resistance. Also, polyester, due to its excellent anti-aging performance, provides good shape and dimension stability for a longer period. Owing to its high-performance features along with the rapidly growing automotive sector, the demand for polyester fabric for automotive seats, carpets and headliners is anticipated to increase during the forecast period resulting in the positive segment growth of the fabric.

Automotive Fabric Market Segment Analysis – by Automotive Type

The passenger vehicle held the largest share in the Automotive Fabric market share in 2021 and is expected to grow at a CAGR of 5.6% during the forecast period 2022-2027. Automotive fabrics such as polyester, nylon and leather have high applicability in interiors of passenger vehicles for door liners, seats, carpets and ceiling covering. The growing trend of personal mobility and rising demand for comfort and safety is driving the demand for passenger vehicles, increasing their production. According to the International Organization of Motor Vehicle Manufacturers, in 2021, the global passenger vehicle production stood at 57 million, showing a 2% increase in comparison to the previous year. With the increase in passenger vehicle production, the demand and usage of the automotive fabric for interiors application have also increased, resulting in the positive market growth of the Automotive Fabric sector during the forecast period.

Automotive Fabric Market Segment Analysis – by Geography

Asia-Pacific held the largest share of up to 55.5% in the Automotive Fabric market in 2021. The region is considered the manufacturing hub for the automotive industry in the world. Growing investments and adoption of technological upgradation in the automotive sector, along with rapid urbanization in the region, have resulted in a significant increase in the demand for new cars. This has fueled the demand for automotive fabric in Asia-Pacific. For instance, according to the International Organization of Motor Vehicle Manufacturers, in 2021, automotive production in Asia-Pacific stood at 46.7 million units, showing a 6% increase in comparison to the previous year. The region also witnessed an increase in automotive production at the country level. According to the same data, automotive production in China and India increased by 3% and 30%, respectively. With the increase in automotive production, the demand and usage of Automotive Fabric have also increased, which is boosting the growth of the Automotive Fabric market in the Asia-Pacific region.

Automotive Fabric Market Drivers

Growing Demand for E-Vehicles:

Growing pollution concern has increased the demand for fuel-efficient and pollution-free vehicles around the world. This has increased the demand for e-vehicles. According to the Statement by electric vehicle manufacturer Tesla, in June 2022, the global electric vehicle production of the company increased by 46% compared to the same month of last year. Furthermore, according to the European Automobile Manufacturing Association, in 2020, e-vehicle production in the EU increased up to 11% in comparison to 2019. Such an increase in the production level of electric vehicles on account of the high demand for electric hybrid vehicles would accelerate the market demand for Automotive Fabrics such as nylon, polyester, leather and vinyl resulting in a positive growth of the Automotive Fabric industry during the forecast period.

Increase in Production of Heavy Commercial Vehicles:

Heavy commercial vehicles such as trucks are mainly used during logistics for transporting heavy commodities such as cement and metals. The rapid development in major end-users of heavy commercial vehicles such as building & construction and metallurgy has increased the demand for such vehicles, boosting their production level. For instance, according to the International Organization of Motor Vehicle Manufacturers, in 2021, heavy truck production at the global level stood at 4.29 million units, showing a 4% increase in comparison to the 2019 production level. Furthermore, heavy truck production increased at regional levels also. According to the same 2021 data provided by OICA, heavy truck production increased by 31% in Europe and by 19% in North America in comparison to 2020. Such an increase in heavy truck production would raise the demand for automotive fabric for seat, carpet and ceiling covering applications, thereby stimulating the growth of the Automotive Fabric industry during the forecast period.

Automotive Fabric Market Challenge

Increase in the Price of Crude Oil:

Automotive Fabrics such as polyester, nylon and vinyl, being synthetic in nature, are made from petroleum or crude oil. The price of crude oil has increased due to growing industrial demand. This is posing a challenge to the growth of the automotive fabric market. According to the Energy Information Administration, in October 2021, crude oil price stood at US$86 per barrel, showing a 104% increase in the price in comparison to the previous year's same month. Thus, the increase in the price of crude oil would accelerate the overall price of automotive fabrics such as polyester, nylon and vinyl. This would limit their usage in the automotive sector, thereby restraining the growth of the Automotive Fabric market size during the forecast period.

Automotive Fabric Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Automotive Fabric market. The top 10 companies in the Automotive Fabric Market are:

1. Acme Mills Company
2. Heathcoat Fabric Ltd.
3. Lear Corporation
4. Toyota Boshoku Corporation
5. Seiren Co. Ltd.
6. Suminoe Textile Co. Ltd.
7. Sage Automotive Interiors Inc.
8. SRF Limited
9. Adient Plc
10. Tenowo GmbH

Recent Developments

  • In February 2022, Japan’s Teijin launched a strong and cost-effective carbon fiber woven fabric that can be majorly used for automotive interiors such as seats, door liners and carpets.
  • In March 2020, Sage Automotive Interior Inc. acquired Adient’s Automotive Fabric business for US$175 million. Such an acquisition would increase automotive production capacity of Sage.
  • In March 2020, Automotive Fabric manufacturer Tesca acquired Willy Schmitz. Such an acquisition would expand Tesca’s automotive fabric products in Germany’s automotive market.

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1. Automotive Fabric Market - Market Overview
    1.1 Definitions and Scope
2. Automotive Fabric Market - Executive Summary
    2.1 Key Trends by Product Type
    2.2 Key Trends by Fabric
    2.3 Key Trends by Application
    2.4 Key Trends by Automotive Type
    2.5 Key Trends by Geography
3. Automotive Fabric Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Automotive Fabric Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Automotive Fabric Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Automotive Fabric Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Automotive Fabric Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Automotive Fabric Market – by Product Type (Market Size – US$ Million/ Billion)
    8.1 Woven
    8.2 Non-Woven
    8.3 Composites
    8.4 Others
9. Automotive Fabric Market – by Fabric (Market Size – US$ Million/Billion)
    9.1 Nylon
    9.2 Polyester
    9.3 Vinyl
    9.4 Leather
    9.5 Suede
10. Automotive Fabric Market – by Application (Market Size - US$ Million/Billion)
    10.1 Carpets
    10.2 Seats
    10.3 Head Liners
    10.4 Door Panels
    10.5 Belts
    10.6 Airbags
    10.7 Hood Liners
    10.8 Others
11. Automotive Fabric Market – by Automotive type (Market Size - US$ Million/Billion)
    11.1 Passenger Vehicles (PVs)
    11.2 Light Commercial Vehicles (LCVs)
    11.3 Heavy Commercial Vehicles (HCVs)
12. Automotive Fabric Market - by Geography (Market Size - US$ Million/Billion)
    12.1 North America
        12.1.1 The USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 The UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 The Netherlands
        12.2.6 Spain
        12.2.7 Belgium
        12.2.8 The Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zeeland
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 The Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 The Rest of South America
    12.5 The Rest of the World
        12.5.1 The Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 The UAE
            12.5.1.3 Israel
            12.5.1.4 The Rest of the Middle East
        12.5.2 Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 The Rest of Africa
13. Automotive Fabric Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Automotive Fabric Market – Industry/Competition Segment Analysis Premium 
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Region - Major companies
    14.4 Market Share by Key Country - Major companies
    14.5 Market Share by Key Application - Major companies
    14.6 Market Share by Key Product Type/Product category - Major companies
15. Automotive Fabric Market – Key Company List by Country Premium Premium 
16. Automotive Fabric Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
* "Financials would be provided to private companies on best-effort basis."
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LIST OF TABLES

1.Global Automotive Fabrics Market By Vehicle Type Market 2019-2024 ($M)
1.1 Market Size Estimation Market 2019-2024 ($M) - Global Industry Research
1.1.1 Passenger Cars Market 2019-2024 ($M)
1.1.2 Light Commercial Vehicles Market 2019-2024 ($M)
1.1.3 Heavy Trucks Market 2019-2024 ($M)
1.1.4 Buses & Coaches Market 2019-2024 ($M)
2.Global Automotive Fabrics Market By Vehicle Type Market 2019-2024 (Volume/Units)
2.1 Market Size Estimation Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 Passenger Cars Market 2019-2024 (Volume/Units)
2.1.2 Light Commercial Vehicles Market 2019-2024 (Volume/Units)
2.1.3 Heavy Trucks Market 2019-2024 (Volume/Units)
2.1.4 Buses & Coaches Market 2019-2024 (Volume/Units)
3.North America Automotive Fabrics Market By Vehicle Type Market 2019-2024 ($M)
3.1 Market Size Estimation Market 2019-2024 ($M) - Regional Industry Research
3.1.1 Passenger Cars Market 2019-2024 ($M)
3.1.2 Light Commercial Vehicles Market 2019-2024 ($M)
3.1.3 Heavy Trucks Market 2019-2024 ($M)
3.1.4 Buses & Coaches Market 2019-2024 ($M)
4.South America Automotive Fabrics Market By Vehicle Type Market 2019-2024 ($M)
4.1 Market Size Estimation Market 2019-2024 ($M) - Regional Industry Research
4.1.1 Passenger Cars Market 2019-2024 ($M)
4.1.2 Light Commercial Vehicles Market 2019-2024 ($M)
4.1.3 Heavy Trucks Market 2019-2024 ($M)
4.1.4 Buses & Coaches Market 2019-2024 ($M)
5.Europe Automotive Fabrics Market By Vehicle Type Market 2019-2024 ($M)
5.1 Market Size Estimation Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Passenger Cars Market 2019-2024 ($M)
5.1.2 Light Commercial Vehicles Market 2019-2024 ($M)
5.1.3 Heavy Trucks Market 2019-2024 ($M)
5.1.4 Buses & Coaches Market 2019-2024 ($M)
6.APAC Automotive Fabrics Market By Vehicle Type Market 2019-2024 ($M)
6.1 Market Size Estimation Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Passenger Cars Market 2019-2024 ($M)
6.1.2 Light Commercial Vehicles Market 2019-2024 ($M)
6.1.3 Heavy Trucks Market 2019-2024 ($M)
6.1.4 Buses & Coaches Market 2019-2024 ($M)
7.MENA Automotive Fabrics Market By Vehicle Type Market 2019-2024 ($M)
7.1 Market Size Estimation Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Passenger Cars Market 2019-2024 ($M)
7.1.2 Light Commercial Vehicles Market 2019-2024 ($M)
7.1.3 Heavy Trucks Market 2019-2024 ($M)
7.1.4 Buses & Coaches Market 2019-2024 ($M)

LIST OF FIGURES

1.US Automotive Fabric Market Revenue, 2019-2024 ($M)
2.Canada Automotive Fabric Market Revenue, 2019-2024 ($M)
3.Mexico Automotive Fabric Market Revenue, 2019-2024 ($M)
4.Brazil Automotive Fabric Market Revenue, 2019-2024 ($M)
5.Argentina Automotive Fabric Market Revenue, 2019-2024 ($M)
6.Peru Automotive Fabric Market Revenue, 2019-2024 ($M)
7.Colombia Automotive Fabric Market Revenue, 2019-2024 ($M)
8.Chile Automotive Fabric Market Revenue, 2019-2024 ($M)
9.Rest of South America Automotive Fabric Market Revenue, 2019-2024 ($M)
10.UK Automotive Fabric Market Revenue, 2019-2024 ($M)
11.Germany Automotive Fabric Market Revenue, 2019-2024 ($M)
12.France Automotive Fabric Market Revenue, 2019-2024 ($M)
13.Italy Automotive Fabric Market Revenue, 2019-2024 ($M)
14.Spain Automotive Fabric Market Revenue, 2019-2024 ($M)
15.Rest of Europe Automotive Fabric Market Revenue, 2019-2024 ($M)
16.China Automotive Fabric Market Revenue, 2019-2024 ($M)
17.India Automotive Fabric Market Revenue, 2019-2024 ($M)
18.Japan Automotive Fabric Market Revenue, 2019-2024 ($M)
19.South Korea Automotive Fabric Market Revenue, 2019-2024 ($M)
20.South Africa Automotive Fabric Market Revenue, 2019-2024 ($M)
21.North America Automotive Fabric By Application
22.South America Automotive Fabric By Application
23.Europe Automotive Fabric By Application
24.APAC Automotive Fabric By Application
25.MENA Automotive Fabric By Application
26.Adient PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Lear Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Toyota Boshoku Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Takata Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.SRF Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Sage Automotive Interiors Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Tenowo GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.ACME Mills Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Martur Automotive Seating Systems, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Haartz Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)