Automotive Fabric Market: Top Trends and Industry Overview to Keep an Eye on by 2028"
The global automotive fabric market is expected to grow at a significant CAGR during the forecast period. Automotive fabric enhances the interior ambiance of automobiles, driving its high market demand. The rise in disposable income among middle-class families and increasing GDP in major economies are increasing consumers’ expenditure capacity. Stringent government policies and regulations to ensure passenger safety and the introduction of laws mandating airbags and safety belts are expected to fuel market growth. The surge in vehicle production worldwide due to the increasing preference for vehicle ownership to ensure safety and convenience is also fostering demand for automotive fabric.
Increased investment in research and development to invent new applications in the passenger car segment is driving demand for automobiles, indirectly influencing the global automotive fabric market. Automobile manufacturers are upgrading safety features, and the expansion of leather companies is expected to accelerate product demand worldwide. The surge in consumer preference for environmentally friendly automotive fabrics and the use of lightweight automotive fabric to minimize pollution is driving market growth across various regions.
Browse Full Report (Global Automotive Fabric Market By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium and Heavy Truck, Bus and Coaches) By Application (Floor Covering, Upholstery, Pre-assembled Interior Components, Tires, Safety-Belts, Airbags) By Fabric Type (Polyester, Vinyl, Leather, Nylon and Others) By Company, By Region, Forecast & Opportunities, 2028) – https://www.techsciresearch.com/report/automotive-fabric-market/2724.html
The global automotive fabric market can be segmented based on vehicle type, application, fabric type, regional distribution, and company. In terms of regional analysis, Asia-Pacific is expected to dominate the market. The increasing awareness among consumers due to the significant contributions of organizations such as PETA, CAFT, and CFI in promoting animal rights is driving demand for alternative automotive fabrics. The rise in disposable income and high demand for passenger cars are also crucial factors leading to increased demand for automotive fabric in the region.
Major players operating in the global automotive fabric market include Takata Corporation, Toyota Boshoku Corporation, SRF Limited, Sage Automotive Interiors Inc., Grupo Antolin Irausa S.A., Tenowo GmbH, ACME MILLS COMPANY, Glen Raven Inc., Haartz Corporation, and Martur Automotive Seating System. These companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers and acquisitions and new service developments.
The objective of this study is to analyze the historical growth of the global automotive fabric market from 2018 to 2021 and to estimate and forecast its size from 2022 to 2028. The study also aims to classify and forecast the market based on vehicle type, application, fabric type, regional distribution, and company; identify dominant regions or segments; identify drivers and challenges; examine competitive developments such as expansions, new product launches, mergers and acquisitions; analyze the profiles of leading players; and identify key sustainable strategies adopted by market players.
TechSci Research performed both primary and exhaustive secondary research for this study. Initially, a list of manufacturers was sourced from across the globe. Subsequently, primary research surveys were conducted with identified companies. During interviews, respondents were also asked about their competitors. Through this technique, manufacturers who could not be identified due to secondary research limitations were included. TechSci Research analyzed manufacturers, distribution channels, and the presence of major players worldwide.
The market size of the global automotive fabric market was calculated using a bottom-up approach by recording data for various end-user segments and forecasting future years. These values were sourced from industry experts and company representatives and externally validated by analyzing historical data for these product types and applications to obtain an appropriate overall market size. Various secondary sources such as company websites, news articles, press releases, annual reports, investor presentations, and financial reports were also studied by TechSci Research.
Key Target Audience:
- Automotive fabric manufacturing companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to automotive fabric market.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global automotive fabric market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Automotive Fabric Market, By Vehicle Type:
- Passenger Car
- Light Commercial Vehicle
- Medium and Heavy Truck
- Bus and Coaches
- Global Automotive Fabric Market, By Application:
- Floor Covering
- Pre-assembled Interior Components
- Global Automotive Fabric Market, By Fabric Type:
- Global Automotive Fabric Market, By Region:
- North America
- United States
- United Kingdom
- South Korea
- Middle East & Africa
- North America
- South Africa
- Saudi Arabia
- South America
Request For Sample Report - https://www.techsciresearch.com/sample-report.aspx?cid=2724
About TechSci Research:
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
Mr. Ken Mathews
708 Third Avenue,
New York – 10017
Email: [email protected]
SIIT Courses and Certification
Also Online IT Certification Courses & Online Technical Certificate Programs