Product Code: RP-ID-10352079 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Automotive & Transportation |
Report ID: 10352079
Market Overview:
Global Automotive Fabric Market Analysis & Outlook 2030
The global automotive fabric market is estimated to be valued at USD 40 billion in 2021 and is expected to expand at a compound annual growth rate of 5% over the period 2022-2030. The aesthetic appearance of the vehicle interior. They are used in vehicle acoustics to prevent noise and protect the interior of the vehicle from the external environment. Automotive fabrics are commonly used in automotive interiors and automotive interiors, including interior carpets, seats, roofs, dashboards, etc. These fabrics are designed to provide passengers with maximum comfort, safety and protection during the journey. In addition, they improve the internal environment by providing an attractive appearance to the vehicle. Leather, vinyl, nylon and polyester are the four main automotive fabrics used in vehicles.
The increase in car sales, the rapid economic improvement, and the implementation of strict government safety standards for the use of airbags and seat belts are key factors that have made a significant contribution to the growth of the global automotive fabric market. In addition, the main feature of the growth of passenger car production in developing countries in the Asia-Pacific region is the increase in disposable income, which drives market growth. Therefore, the increase in the use of textile materials is directly related to the advancement of applications in the passenger car field. Automobile manufacturers and suppliers are striving to improve the safety factor of various systems implemented in automobiles. In addition, the leather manufacturing company is expanding its business and R&D center through the latest technological innovations. Rising raw material costs and growing opposition to the use of leather are some of the main limiting factors in this market. In addition, the increasing demand for environmentally friendly fabrics and lightweight automotive fabrics to reduce vehicle pollution, and the increasing consumer demand for safety and comfort, ensures emerging growth opportunities for this market on a global scale. This can be attributed to the increase in global sales of autonomous vehicles. These characteristics provide profitable opportunities for the global automotive fabric market.
Governments of various countries have established strict safety standards for the use of airbags, seat belts, etc. for all vehicles:
Compared with the Asia-Pacific region and the rest of the world, Europe and North America comply with these regulations more strictly. However, in developing countries, original equipment manufacturers are offering airbags and anti-lock braking systems (ABS) as standard features of vehicles to help governments improve safety measures. This increases the use of cloth required for vehicle safety features. These safety systems require separate cloth materials to make different component applications work. In addition, the Indian government has established its own safety agency, the Bharat National Automotive Assessment Program (NCAP), which ranks vehicles based on the safety features used in the vehicle. These initiatives by governments of various countries are increasing the awareness of safety features, thereby promoting the growth of the automotive fabric market.
Increasing opposition to the use of leather:
Leather production has a negative impact on the environment, because the chemicals and toxins used after leather manufacture release harmful fumes, pollute water resources and increase air pollution. In addition, the use of different chemicals in the leather processing process generates waste in the form of solids, liquids and gases. In addition, the solid waste generated by the leather industry includes animal dander, animal hair, meat waste, polishing dust and keratin waste. The increased preference for fabrics based on natural materials compared to leather used in vehicles has slowed the growth of the market. For this reason, Spain bans the use of brands such as Zara, Marks & Spencer, Prada, Hugo Boss and Armani, and the country focuses on the production of natural leather. In addition, the SLG manufacturer brand focuses on developing new environmental protection systems for leather manufacturing. Increased demand for eco-friendly fabrics. Since the analysis, governments in Asia-Pacific and other regions are actively promoting eco-friendly leather or fabrics in their respective countries.
The adverse effects of textile materials on the environment. Many manufacturers are choosing ecological and animal-free alternatives. In addition, animal rights laws in some countries have become a major obstacle for natural leather manufacturers. In addition, thanks to the plans of PETA, PAWS, WWF and other organizations, consumers; awareness of animal cruelty has increased, which has played an important role in increasing the demand for other alternatives. In addition, the gap between supply and demand in the natural leather industry is another major factor for manufacturers to choose man-made alternatives. For example, Marvel Vinyls began to provide a variety of environmentally friendly textile materials for automotive applications. Such innovations and technological advances in the quality of synthetic leather materials will also create lucrative opportunities for the automotive fabric market in the near future.
Analysis of the impact of COVID-19:
The COVID-19 epidemic has had a significant impact on the automotive industry, resulting in a sharp decline in vehicle sales and a shortage of raw materials. Skilled labor, followed by the shortage of raw materials needed to manufacture fabrics for different purposes; manufacturers have been affected by their production, which has significantly reduced; in addition, the automotive fabric market is also affected by the decline in global automotive production. Manufacturers have already started their alternative business, such as the production of PPE kits and face shields and protective shields.
Key stakeholders :
This study provides an analytical overview of the global automotive fabric market analysis as well as current trends and future estimates to represent the upcoming investment pockets. :
The overall automotive fabric market opportunity depends on understanding profit trends to gain a stronger foothold. The report provides opportunities for understanding the global automotive fabric market through detailed impact analysis and key driving factors, limiting factors. Evaluate financial capability in 2030. Porter’s five forces analysis illustrates the potential of buyers and suppliers in this industry.
Key market segmentation:
Polyester vinyl leather nylon by fabric type other interior components pre-assembled by application carpet/floor covering upholstery tire seat belt safety Other airbags according to light passenger type.
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