Automotive Textiles Market

Market Overview

The global automotive textiles market size was valued at USD 28.6 billion in 2021. It is projected to reach USD 41.42 billion by 2030, growing at a CAGR of 4.2% during the forecast period (2022–2030).

An automobile textile is comprised of filaments, fibers, and automobile-specific fabric. These textiles are utilized in automobiles for interior trim, ensuring comfort and reinforcement. The tensile strength and abrasion resistance of these textiles must be tested, among other qualities. Both light and heavy vehicles in the automotive industry use these textiles. Automotive textiles are intended to provide passengers maximum comfort and a pleasurable ride. It improves the vehicle's safety and interior atmosphere.

The automotive fabric is resistant to U.V. rays, and cold cracking is easy to clean, durable, and helps to reduce fatigue. Manufacturers increasingly favor lightweight composite materials with low moisture content and employ advanced adhesive technology to improve the product's sealing, harshness, and vibration performance. Fabrics such as truck lining, headlining, and spray adhesive are also used to replace or repair interior surfaces that have been damaged. It uses fewer non-renewable resources, helps reduce petroleum consumption, and emits less greenhouse gas. In addition, automotive textile assists manufacturers in achieving their sustainable strategy objectives by delivering innovative products to the end-user.

Market Dynamics

Market Driving Factors

Improvement in Consumer Lifestyle to Boost Market Progress

As consumers' disposable income rises and their living standards rise, there is a persistent demand for car safety features, such as airbags and seat belts. These factors are the root cause that is fuelling the growth rate of the automotive textiles market. Additionally, consumers' lifestyles are improving daily, increasing the demand for personal vehicles. This will indirectly influence the growth rate of the automotive textiles market, but it will be positive.

Strict Safety Regulations Imposed by Governments to Favor Market Growth

The automotive market benefits from safety regulations implemented by the government requiring airbags, seat belts, and anti-lock braking systems (ABS) to be installed in every vehicle. Original equipment markets are providing airbags and anti-lock braking systems (ABS) as standard features in vehicles in developing countries, assisting governments in improving safety measures. As a result, the amount of fabric material required for in-vehicle safety features increases. Different textile materials are required for different component applications in these safety systems. As a result of government initiatives, people are becoming more aware of safety features, fueling the growth of the automotive fabric market.

Market Restraining Factors

Growing Concerns about Inability to Absorb Moisture to Hinder Market Growth

Concerns about the low moisture absorbency of certain automotive fabrics could suppress the market's revenue growth. Hydrophobic synthetic fibers are used in some automotive textiles, resulting in low moisture absorbency and limiting product adoption. The fact that some fabrics are not biodegradable is another factor that might limit the market's expansion for automotive fabrics. Consumer preference for sustainable automotive fabric materials is growing, limiting the global market's revenue growth.

Key Market Opportunities

Rising Demand for Eco-Friendly Automotive Textile Materials to Spur Market Opportunities

The main driver of revenue growth is the rising use of environmentally friendly automotive fabric materials like polyester, one of the most affordable and recyclable fabrics. Increasing demand for nonwoven fabrics for vehicle floor coverings and carpets is another factor driving demand for automotive fabrics. Recycled polyethylene terephthalate produces nonwoven automotive carpets to reduce environmental pollution, promote sustainability, and maximize resource utilization.

Segmental Analysis

The global automotive textiles market is segmented into product and application.

By Product Type

Based on product type, the market is segmented into woven, nonwoven, composites, and others.

The woven textiles product segment led the market, accounting for the most significant global revenue share. This rise can be attributed to strong demand and increased urbanization and industrialization. Furthermore, numerous government initiatives encouraging woven textiles rather than synthetic fibers are expected to boost future demand for automotive textiles.

By Application

Based on application, the market is divided into upholstery, tires, safety devices, engine components, and others woven.

The upholstery application segment dominated the market and accounted for a larger revenue share worldwide. The upholstery application dominated the automotive textiles market due to greater market penetration. Due to the increased production and sales of autonomous vehicles with highly automated driving capabilities for tire manufacturing, the demand for automotive textiles in tire applications is anticipated to drive revenue growth in this application category.

Regional Analysis

The global automotive textiles market is bifurcated into North America, Europe, Asia-Pacific, Central and South America, and the Middle East and Africa.

The Asia-Pacific region dominated the market and generated the highest global revenue share. Increasing population, urbanization, and the expansion of operations by key players in these regions are some of the factors that will drive the growth of the automotive textiles market during the forecast period. In addition, the use of airbags and safety belts is governed by stricter vehicular regulations and standards. In addition, due to stringent national vehicle regulations, North America will continue to experience profitable growth throughout the forecast period.

Recent Developments

• May 2022- Toyota Boshoku and Aisin agreed to transfer commercial rights* for automotive seat frame mechanism parts. To further strengthen the global competitiveness of Toyota Boshoku's automotive seat business, Toyota Boshoku, Aisin and Shiroki have agreed that Toyota Boshoku will acquire Shiroki's commercial rights*1 for the automotive seat frame mechanism parts for Suzuki Motor Corporation, Daihatsu Motor Co. Ltd. and Mazda Motor Corporation.
• June 2022- Supima Partnered With TextileGenesis To Set New Industry Benchmark On Traceability. Supima, the brand for American-grown Pima cotton, announced a strategic partnership with TextileGenesis™ to establish the new industry benchmark platform for authenticating cotton.

Automotive Textiles Market Segmentation

By Product Type

• Woven
• Nonwoven
• Composites

By Applications

• Upholstery
• Tires
• Safety Devices
• Engine Components

By Regions

• North America
• Europe
• Asia-Pacific
• Central and South America
• The Middle East and Africa