What Has Been the Growth of the Automotive Textiles Market So Far?
The automotive textiles market has seen considerable growth due to a variety of factors.
•In previous years, there has been a consistent increase in the size of the automotive textiles market. The market is projected to expand from $30.14 billion in 2024 to $31.57 billion in 2025, a compound annual growth rate (CAGR) of 4.8%.
The growth during the historic phase is credited to rising automotive manufacture, a surge in demand for vehicles that are lightweight and fuel-efficient, attention to the comfort and aesthetics of the interior, strict safety regulations in the automotive industry, and the increase of electric vehicles.
What Are the Future Growth Projections for the Automotive Textiles Market?
The automotive textiles market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, the automotive textiles market is forecasted to witness solid growth with a predicted value of $38.56 billion in 2029 and a compound annual growth rate (CAGR) of 5.1%.
The expected expansion during this projection period is due to factors such as the surge in development of autonomous vehicles, attention to sound insulation and reduction, circular economy strategies, rising demand for antimicrobial textiles, and intensified efforts towards reducing carbon footprint. The forecast period also sees key trends like the evolution of nanotechnology, partnerships between car manufacturers and textile producers, the implementation of smart textiles, customization and personalization, along with sustainability and eco-friendly materials.
What Factors Are Driving Growth In The Automotive Textiles Market?
The rise in automotive manufacturing is anticipated to propel the advancement of the automotive textiles market. The automotive field includes the design, manufacturing, development, and upkeep of various types of motor vehicles, such as cars, trucks, motorcycles, and more. Automotive textiles, by improving comfort, safety, aesthetic appeal, and utility, add value to the driving experience and stimulate the sector's expansion. The surge in automotive manufacturing paves the way for the automotive textile industry to grow and innovate, adapting to the ever-changing demands of the automotive field. For example, The European Automobile Manufacturers Association (ACEA), based in Germany, reported in May 2023 that the global automotive vehicle production reached 85.4 million in 2022, reflecting a 5.7% increase from 2021. Therefore, the accelerating automotive manufacturing will serve as a catalyst for the future expansion of the automotive textiles market.
What Are The Main Segments Of The Global Automotive Textiles Market?
The automotive textiles market covered in this report is segmented –
1) By Textile Type: Leather, Polyester, Nylon, Vinyl, Polyvinyl Chloride (PVC), Other Types
2) By Product Type: Woven, Non-Woven, Composites
3) By Vehicle Type: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles
Subsegments:
1) By Leather: Genuine Leather, Synthetic Leather
2) By Polyester: Woven Polyester, Non-Woven Polyester
3) By Nylon: Nylon 6, Nylon 66
4) By Vinyl: Rigid Vinyl, Flexible Vinyl
5) By Polyvinyl Chloride (PVC): Soft PVC, Rigid PVC
6) By Other Types: Cotton, Wool, Composite Textiles
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What Emerging Trends Are Influencing The Growth Of The Automotive Textiles Market?
In the automotive textiles market, a common trend is product innovation. Major firms in this industry are concentrating on developing new products to satisfy specific needs and maintain their market position. For example, in May 2022, Japan's Sumitomo Chemical Co. Ltd and Newlight Technologies Inc., a tech firm based in the USA, collaborated on the development of polypropylene (PP) compounds. These will be used in car and textile applications utilizing AirCarbon, a carbon-negative biomaterial made by microorganisms from methane. As part of this joint venture, Newlight Technologies will create new varieties of AirCarbon suitable for the automotive and textile sectors.
Who Are the Key Players in the Automotive Textiles Market?
Major companies operating in the automotive textiles market include:
• Reliance Industries Limited
• Continental AG
• Johnson Controls
• Lear Corporation
• Asahi Kasei Corporation
• Adient plc
• DuPont de Nemours Inc.
• Toyota Boshoku Corporation
• Autoliv Inc.
• Autoneum Holding AG
• Borgers SE & Co. KGaA
• Sage Automotive Interiors Inc.
• Global Safety Textiles GmbH
• Shawmut Corporation
• Bally Ribbon Mills
• Ductmate Industires Inc.
• Arville Textiles Limited
• Baltex Ltd.
• CMI Enterprises Inc.
• Jelliff Corp
• Fabri-Tech Components Inc.
• Eleather Group
• Adler Pelzer Group
• Autotech Nonwovens Pvt. Ltd.
• Aunde S.A.
What Is The Most Dominant Region In The Automotive Textiles Market?
Asia-Pacific was the largest region in the automotive textiles market in 2024. The regions covered in the automotive textiles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
