Press Release

Automotive Fabric Market to Witness Massive Growth | Acme Mills Company, Adient plc., Aunde, Grupo Antolin, Heathcoat Fabrics Limited

iCrowdNewswire   Mar 8, 2021  3:00 AM ET

Automotive Fabric Market by Fabric Type (Polyester, Vinyl, Leather, Nylon and Others), Application (Carpets/Floor Covering, Upholstery, Pre-assembled Interior Components, Tires, Safety Belts, Airbags and Others) and Application (Passenger Vehicle and Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2020-2027  , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Automotive Fabric market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Automotive Fabric market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis

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 “Automotive Fabric Market by Fabric Type, Application and Vehicle Type: Opportunity Analysis and Industry Forecast, 2020–2027,”

The global automotive fabric market was valued at $32.13 billion in 2019, and is projected to reach $39.14 billion by 2027, registering a CAGR of 4.8%.

Asia-Pacific dominates the market in terms of revenue, followed by Europe, North America, and LAMEA. China dominated the global automotive fabric market share in 2019, and is expected to grow at a significant rate during the forecast period due to increase in production & sales of vehicles across the country.

Automotive fabrics are technical materials, which are used in vehicles to offer better aesthetic look to the user of the vehicle. They are made of different materials and components to offer better looks to the interior of the vehicle as well as are used to offer comfort to the passengers of the vehicle. Automotive fabrics have wider application in areas such as headliners, cockpit modules, door panels, automotive seats, flooring, vehicle acoustics, and others. 

Increased demand for vehicles with better and pleasant aesthetic looks is preferred by customers; hence, vehicle manufacturers are installing different types of fabrics made of different materials such as

polyester, nylon, leather, and others. The availability of alternate and cheap fabric material has led the market toward a positive growth.

By fabric type, the market is categorized into polyester, vinyl, leather, nylon, and others. Polyester accounted for the highest revenue in 2019, owing to its higher adoption in vehicles. This increased adoption is due to the strong and long-lasting properties of polyester. However, the other type of fabric material is expected to grow at a significant rate, owing to its increased application in vehicles.

On the basis of application, the automotive fabric market is segregated into carpets/floor covering, upholstery, pre-assembled interior components, tires, safety-belts, airbags, and others. The carpets/floor covering segment has a wider application of automotive fabrics. Moreover, the airbags segment is expected to grow significantly during the forecast period due to increased application of airbags in vehicles.

Factors, such as rise in sale of vehicles, rapid economic improvement, and implementation of stringent safety standards, for usage of airbags are creating a huge demand for automotive fabrics globally. However, rise in raw material cost and increase in opposition for the use of leather hamper the growth of the global market. Moreover, rise in demand for environment-friendly fabric material and low-weight automotive fabric to reduce vehicle pollution creates better opportunity for the growth of the market.

Furthermore, growth in production of passenger vehicles in developing countries of Asia-Pacific is majorly characterized by rise in disposable income. These factors are largely responsible for the expansion of the automotive fabric market as the growth of fabric materials is directly related to advancement in applications of the passenger vehicle segment.

COVID-19 impact analysis

The COVID-19 outbreak impacted the automotive industry significantly, which resulted in substantial decline in automobile sales, shortage of raw material, and others.

Textile manufacturers across the globe have been severely affected by COVID-19 due to the unavailability of skilled labor, followed by shortage of raw material required to manufacture fabrics for different applications.

Manufacturers are affected in such a way that their production has been reduced to a much larger extent.

The automotive fabric market has also been affected by the loss of vehicle production across the globe.

Manufacturers have started their alternate business such as the production of PPE kits and face masks & protection shields.

Key Findings Of The Study

By fabric type, the others segment is expected to register a significant growth during the forecast period.

Depending on application, the airbags segment is anticipated to exhibit significant growth in the near future.

On the basis of vehicle type, the passenger vehicle segment is projected to lead the global automotive fabric market, owing to higher CAGR.

Region-wise, Asia-Pacific is anticipated to register the highest CAGR.

The key players analyzed in this automotive fabric market report are Acme Mills Company, Adient plc., Aunde, Grupo Antolin, Heathcoat Fabrics Limited, Lear Corporation, Martur Automotive Seating System, Sage, Seiren Co., Ltd., SRF Limited, Suminoe Textile Co., Ltd., Tesca, Toyota Boshoku Corporation, Krishna, Arvind Limited, Navbharat Textile Processors, Parishudh Fibres, Shandong Exceeding Auto Interior Parts Co., Ltd., DongGuan Cigno Leather Co., Ltd., and Changzhou JLON Composite Co., Ltd

Key Segments Studied in the Global Automotive Fabric Market 

Professional Key players:  The key players operating in the automotive fabric market include Acme Mills Company, Adient plc., Aunde, Grupo Antolin, Heathcoat Fabrics Limited, Lear Corporation, Martur Automotive Seating System, Sage, Seiren Co., Ltd., SRF Limited, Suminoe Textile Co., Ltd., Tesca, Toyota Boshoku Corporation, Krishna, Arvind Limited, Navbharat Textile Processors, Parishudh Fibres, Shandong Exceeding Auto Interior Parts Co., Ltd., DongGuan Cigno Leather Co., Ltd., and Changzhou JLON Composite Co., Ltd.

Market Segmentation:

Automotive Fabric Market by Fabric Type (Polyester, Vinyl, Leather, Nylon and Others), Application (Carpets/Floor Covering, Upholstery, Pre-assembled Interior Components, Tires, Safety Belts, Airbags and Others) and Application (Passenger Vehicle and Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2020-2027

Regional Scope:   North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Segments Covered:

Product Types, Applications, End-Users, Regions, Top Companies and more.

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario

Market Behavior/ Level of Risk and Opportunity

End Industry Behavior/ Opportunity Assessment

Expected Industry Recovery Timeline

Business Impact Horizon

Opening of Economy by Q3 2020

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xx

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Recovery – Opening of Economy extended till Q4 2020 / Q1 2021

xx

xx

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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects:
The research includes the key strategic activities such as R&D plans, M&A completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale.

Key Market Features in COVID-19 Outbreak:

The report highlights market features, including revenue, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, supply & demand, cost bench-marking, market share, CAGR, and gross margin.

Market Highlights & Approach
The report provides the rigorously studied and evaluated data of the top industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, SWOT analysis, and ROI analysis have been practiced reviewing the growth of the key players operating in the market.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

Q.1 What are some of the most promising potential, high growth opportunities for the global market by application, by product, by end user and by region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster speed and why?

Q.3 Which regions will grow at a faster speed and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats of market?

Q.6 What are emerging trends in market and the reasons behind them? 

Q.7 What are some changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments? 

Q.9 Who are the leading players in market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this market?

Q.11 What M & A activities have taken place in the last five years in this market?

The Study Explore COVID 19 Outbreak Impact Analysis

  • What should be entry strategies, countermeasures to economic impact, and marketing channels?
  • What are market dynamics?
  • What are challenges and opportunities?
  • What is economic impact on market?
  • What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?

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Key Points Covered in Automotive Fabric Market Report:

Chapter 1 COVID-19 Outbreak-Global Automotive Fabric  Market Business Overview
Chapter 2 Major Breakdown by Type
Chapter 3 Major Application Wise Breakdown (Revenue & Volume)
Chapter 4 Manufacture Market Breakdown
Chapter 5 Sales & Estimates Market Study
Chapter 6 Key Manufacturers Production and Sales Market Comparison Breakdown
…………………..
Chapter 8 Manufacturers, Deals and Closings Market Evaluation & Aggressiveness
Chapter 9 Key Companies Breakdown by Overall Market Size & Revenue by Type
………………..
Chapter 11 Business / Industry Chain (Value & Supply Chain Analysis)
Chapter 12 Conclusions & Appendix

……..and view more in complete table of Contents

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