The automotive fabrics market is projected to grow at an average CAGR of 3.6% between 2023 and 2033, reaching a valuation of USD 52.78 billion by 2033, up from USD 37.06 billion in 2023.
Several factors are driving this growth, including the increasing number of businesses producing automotive upholstery, the expanding scope of technical textiles, and the diverse applications of various materials and their grades. The market’s transformation is further supported by high sales of premium vehicles and significant third-party sales and installations.
There is a rising demand for new trending designs featuring vibrant colors, innovative packaging, and multi-layer designs for enhanced comfort. Additionally, factors such as price, comfort, design, texture, and material quality are crucial in driving the market’s success.
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From bike seat covers to car seat fabrics and other fabrics, products are increasingly focused on texture and color. New car businesses and local shop vendors are promoting new brands with smart, detailed designs, which are expected to boost market sales.
Advanced knitting technology, computerized designs, curves, and model-based product delivery are enriching supply chain management and enhancing product performance in the market.
Different types of material grades and prices are considered when selecting and pricing products. The recent restoration of the automotive market marks a significant milestone that the market has successfully crossed.
Key Takeaways
- The United States market leads North America’s automotive fabrics market in terms of market share in North America. The United States held a market share of 14.8% in 2022. Factors attributed to the new products and designs, high sales of cars and other vehicles, the advent of electric vehicles, and new businesses launching innovative ideas like sustainable seat covers, etc.
- Germany’s automotive fabrics market held a healthy market share of 9.7% in 2022. The market growth is caused by Germany being the center point for automotive manufacturing including premium car-making brands like Volkswagen, BMW, Audi etc.
- India’s market thrives at an average CAGR of 4.5% between 2023 and 2033. The growth is attributed to the increased per capita income, and growing third-party fabric installation businesses.
- China thrives at a CAGR of 4.2% between 2023 and 2033.
- Based on product type, the woven fabric segment held the leading market share of 43.0% in 2022.
- Based on sales channel, the OEM segment leads as it held a market share of 82.0% in 2022
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Competitive Landscape
The key suppliers focus on affordable, premium quality, texture, and material. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.
Recent Market Developments
- Sage Automotive Interiors, an Ashi Kasei Company has acquired Adient’s fabric business for US$ 175 million. The decision is anticipated to affect the sales of the majority part of the world.
- Adler Pelzer has announced to further strengthen their collaboration with Hyashi Telemp Corporation. The collaboration is expected to be focusing on OEM, autonomous driving, and enhanced automotive textiles.
Key Players Profiled in the Global Market
- HHenkel AG & Co. KGaA
- Namics Corporation
- ASE Group
- MacDermid Alpha Electronic Solutions
- Parker LORD Corporation
- H.B. Fuller Company
- Dow Inc.
- ELANTAS GmbH
- Zymet
- Hitachi Chemical Co., Ltd.
- Panasonic Corporation
- AI Technology, Inc
- Indium Corporation
- Sanyu Rec Co., Ltd.
- Dymax Corporation
- Epoxy Technology, Inc.
- Protavic International
- YINCAE Advanced Materials, LLC
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Key Segments Covered
By Product Type:
- Woven Fabric
- Non – woven Fabric
- Knitted Fabric
By Sales Channel:
- OEM
- Aftermarket
By Application:
- Airbags
- Floor Covering
- Belts & Hoses
- Tires
- Car Roof
- Safety-Belts
- Pre-Assembled Interior Component (PRIC)
- Upholstery
- Others
By Vehicle Type:
- Compact Passenger Cars
- Mid-Sized Passenger Cars
- Premium Passenger Cars
- Luxury Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Key Regions Covered:
- North America
- Latin America
- Europe
- Japan
- Asia Pacific Excluding Japan
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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