Automotive Textile Market Analysis and Global Forecast 2023-2033

Automotive Textile Market Overview

The Automotive Textile Market Size is expected to reach USD 44.36 Billion by 2033. The Automotive Textile industry size accounted for USD 30.41 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 4.21% from 2023 to 2033. The automotive textile market encompasses the production and utilization of textiles specifically designed for automotive applications. These textiles are used in various interior components such as seat covers, headliners, carpets, door panels, and airbags. Key attributes include durability, comfort, aesthetic appeal, and safety compliance. The market is driven by advancements in materials technology, increasing consumer demand for enhanced vehicle interiors, and stringent regulations regarding vehicle safety and emissions. Sustainable and lightweight materials are gaining prominence to meet environmental standards and improve fuel efficiency.

Global Automotive Textile Market Synopsis

COVID-19 Impact Analysis

The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the Automotive Textile market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers to adopt various strategies to stabilize the company.

Global Automotive Textile Market Dynamics

The major factors that have impacted the growth of Automotive Textile are as follows:

Drivers:

⮚      Technological Advancements

Innovations in textile materials, such as the development of smart fabrics and nanotechnology, have led to the creation of more durable, lightweight, and multifunctional automotive textiles. These advancements improve the overall performance, safety, and comfort of vehicle interiors.

Restraint:

• High Cost of Advanced Materials

While advanced textiles offer numerous benefits, their production and integration into vehicles can be costly. The high cost of raw materials and the sophisticated manufacturing processes required can limit the adoption of these textiles, particularly in cost-sensitive markets.

 Opportunity:

⮚      Expansion in Emerging Markets

Emerging markets, particularly in Asia-Pacific and Latin America, are experiencing rapid urbanization and economic growth, leading to increased vehicle ownership. These regions present significant opportunities for automotive textile manufacturers to expand their market presence and meet the growing demand for high-quality vehicle interiors.

Automotive Textile Market Segment Overview

By Product

Based on the Product, the market is segmented based on Woven, Non-Woven, Composites. Woven textiles dominate the market, with significant contributions from non-woven and composite materials.

By Application

Based on the Application, the market has been divided into Floor Covering, Upholstery, Pre-Assembled Interior Application, Others. The category with the most revenue was Floor Coverings. Car foot mats and carpets are two types of floor coverings that are crucial for enhancing the aesthetics, insulation, and interior comfort of automobiles.

By Vehicle Type

Based on Vehicle Type, the market has been divided into Passenger Vehicles, Light Commercial Vehicles, Heavy Trucks, Buses & Coaches. The market was dominated by the passenger car category. Because so many passenger cars are produced, a substantial amount of automotive fabric is required for the interiors of these vehicles, which include the seats, door panels, headliners, and carpets.

Global Automotive Textile Market Regional Analysis

Based on region, the market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The area of North America is anticipated to dominate the market for the usage of Automotive Textile, followed by those in Asia-Pacific and Europe.

Automotive Textile North America Market

North America dominates the Automotive Textile market due to several factors. The automotive fabrics market will be dominated by North America. The North American automotive fabric industry is growing due to rising demand for high-end automobile accessories and technological advancements that have made supple and eco-friendly fabrics more widely available.

Automotive Textile Asia Pacific Market

The Asia-Pacific region has been witnessing remarkable growth in recent years. The automotive fabrics market in Asia-Pacific is expected to grow at the fastest compound annual growth rate (CAGR) between 2024 and 2032. The Asia-Pacific region’s need for automotive fabric is further heightened by the emergence of significant automobile production hubs in countries such as China and Japan. Furthermore, the automotive fabrics market in China held the largest market share, while the automotive fabrics market in India grew at the quickest rate in the Asia-Pacific area.

Competitive Landscape

The competitive landscape includes key players (tier 1, tier 2, and local) having a presence across the globe. Companies such as Lear Corporation, Adient plc, TOYOTA BOSHOKU, Suminoe Textile, and Seiren Co. Ltd are some of the leading players in the global Automotive Textile Industry. These players have adopted partnership, acquisition, expansion, and new product development, among others as their key strategies.

Key Market Players:

• Lear Corporation
• Adient plc
• TOYOTA BOSHOKU
• Suminoe Textile
• Seiren Co. Ltd
• SRF Ltd
• Sage Automotive Interiors
• ACME
• Tenowo
• Grupo Antolin

Key development:

October 2022: Lear announced the launch of ReNewKnit sueded material, made entirely of recycled plastic bottles and designed for use in door panels and seating. This material was developed in partnership with a significant international automaker.

Scope of the Report

Global Automotive Textile Market, by Product

• Woven
• Non-Woven
• Composites

Global Automotive Textile Market, by Application

• Floor Covering
• Upholstery
• Pre-Assembled Interior Component
• Tires
• Safety-Belts
• Airbags
• Others

Global Automotive Textile Market, by Vehicle Type

• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Trucks
• Buses & Coaches

Global Automotive Textile Market, by Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Indonesia
  • Austalia
  • Malaysia
  • India
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of Middle East & Africa

 

Parameters	Indicators
Market Size	2033: $44.36 Billion
CAGR	4.21% CAGR (2023-2033)
Base year	2022
Forecast Period	2023-2033
Historical Data	2021
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations	Product, Application, Vehicle Type
Geographies Covered	North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
Key Vendors	Lear Corporation, Adient plc, TOYOTA BOSHOKU, Suminoe Textile, Seiren Co. Ltd, SRF Ltd, Sage Automotive Interiors, ACME, Tenowo, Grupo Antolin
Key Market Opportunities	• Enhancing consumer habits and governmental policies
Key Market Drivers	• The automobile sector is changing rapidly due to globalization.

 

REPORT CONTENT BRIEF:

• High-level analysis of the current and future Automotive Textile Industry trends and opportunities
• Detailed analysis of current market drivers, restraining factors, and opportunities analysis in the future
• Historical market size for the year 2021, and forecast from 2023 to 2033
• Automotive Textile market share analysis for each segment
• Competitor analysis with a comprehensive insight into its product segment, financial strength, and strategies adopted.
• Identifies key strategies adopted by the key players including new product development, mergers and acquisitions, joint ventures, collaborations, and partnerships.
• To identify and understand the various factors involved in the global Automotive Textile market affected by the pandemic
• To provide year-on-year growth from 2022 to 2033
• To provide short-term, long-term, and overall CAGR comparison from 2022 to 2033.
• Provide Total Addressable Market (TAM) for the Global Automotive Textile Market.