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.
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.
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.
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.
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.
Study Period | 2018-2030 | CAGR | 4.2% |
Historical Period | 2018-2020 | Forecast Period | 2022-2030 |
Base Year | 2021 | Base Year Market Size | USD 28.6 Billion |
Forecast Year | 2030 | Forecast Year Market Size | USD 41.42 Billion |
Largest Market | Asia Pacific | Fastest Growing Market | North America |
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.
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The global automotive textiles market is segmented into product and application.
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.
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.
Covid-19 had some profound adverse impacts on the global advanced ceramics market.
COVID-19 spread across the world from China, making the whole world stand still and to a complete lockdown situation. Covid-19 is an infectious disease that was caused by a newly discovered coronavirus. During the time, the fatality rate among the population above 40 was also high globally. The disease causes severe illness for people suffering from medical conditions like diabetes, cardiovascular disease, chronic respiratory disease, etc.
Considering the situation during that time, it was declared a pandemic which led to numerous countries, including the major economies like China, the United States, India, and others, implementing lockdowns which adversely affected the global economy.
In the first two quarters of 2020, the economic and industrial operations temporarily halted. Almost every manufacturing unit where advanced ceramics is used, such as electrical and electronics, transportation, industrial, chemical, and other End-user Industries (except medical), reduced their manufacturing capacities due to the lack of workers. The lockdown implemented put a halt to global supply chains. This resulted in repercussions in terms of both production and demand for advanced ceramics.
With time the lockdowns were uplifted, and relaxation was made to the public. Gradually, the economy picked up the pace and started its operations, bringing the demand in the global advanced ceramics market and increasing among various industries. As the situation improved during the initial months of 2021, the economies also strengthened their fiscal policies and initiated their development process; the end-user industries began their activities, bringing the overall ceramics market back on track.