Press Release

Asia-pacific is to dominate the Automotive Fabric Market until 2026

Expansion of automotive industry and adoption of quality living standard is expected to drive the demand for global automotive fabric market for the forecast period.

According to TechSci Research 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, 2026”, the global automotive fabric market is expected to witness significant growth for the next five years on account due to rise in affordability of consumers around the globe. Rapid development in economic status of several countries is contributing to increase the automotive fabric market demand. Fabrics used in vehicles are special kind of fabric which are basically used to enhance the aesthetic look to the interior of the vehicle. These fabrics are used in interior of the vehicle to protect the vehicle from the external environment. Fabrics are also used to eliminate the unnecessary noise in automobiles. Automotive fabrics are generally used for interior as well as for auto upholstery including the interior carpets, seat, headliners, dashboard, and other vehicle spaces. The fabrics are made to increase the comfort of consumers and provide safety and security to consumers. Polyester, nylon, leather, vinyl are the four major types of automotive fabrics used in vehicles. Automotive fabrics comprising spray adhesive, truck lining, headlining is used for repairing or replacing the damaged vehicle interiors. It aids in releasing lower green house gases into the environment and reduces the petroleum consumption of vehicles. Increase in preference of consumers to install automotive fabric into the vehicle to enhance the luxury and increase the premium feel of vehicles is bolstering the demand of automotive fabrics.

Since the onset of pandemic COVID-19, lockdown was imposed all around the globe to fight the novel coronavirus. Government and leading authorities released precautionary guidelines and safety precaution to save the people across the world. Manufacturing units were shutdown and people migrated to their homes which resulted in shortage of skilled workers. Automotive industry is significantly impacted which resulted in decline of automobile sales, shortage of raw material and others. After the lifting of lockdown, global automotive fabric market is expected to pick up the pace eventually.

However, growing opposition to use leather as automotive fabric in automobile and rising cost of raw materials are the restraining factors which may create hindrance in the growth of the automotive fabric market.

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Global automotive fabric market is segmented into vehicle type, application, fabric type, region, and company. Based on vehicle type, market is further divided into passenger car, light commercial vehicle, medium and heavy truck and bus and coaches. Passenger car segment is expected to account for major market share for the forecast period. Increase in preference for vehicle ownership and rising disposable income are the contributing factors for automotive fabric high demand. Use of automotive fabrics in automobiles for various applications owing to shielding capacity from fire, wate, high strength, among others is fueling the segment demand. Based on application, market is majorly categorized into floor covering, upholstery, pre-assembled interior components, tires, safety-belts, and airbags. Airbags are expected to be the fastest growing segment in the automotive fabric market. Strict government regulations for installation of airbags into the automobiles to ensure safety of automobiles in case of accidents is the major driver for airbags segment growth. Increasing demand for installation of safety devices into the vehicles is also fostering the high demand for airbags.

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, Martur Automotive Seating System are the leading players operating in global automotive fabric market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several automotive fabric manufacturers are coming up with their technologically advanced offerings.

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“Globalization is revolutionizing the automotive industry and high sales of automobiles due to increase in expenditure for improved automotive manufacturing facilities. Technological advancements are to improve the vehicle efficiency, reduce the operational and maintenance cost of automobiles and installation of internal accessories is increasing the demand for automotive fabric market. Increasing adoption of light weight composite material by manufacturers for automotive fabrics which consists of minimal moisture content and advanced technology to improve the vibration, sealing and performance from the vehicles is anticipated to propel the global automotive fabric market growth until 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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, 2026has evaluated the future growth potential of global automotive fabric market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global automotive fabric market.

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