The global automotive textiles market was surpassed at USD 28,919.7 million in 2021 and is expected to hit around USD 38.47 billion by 2030, growing at a CAGR of 3.22% from 2022 to 2030.
Growth in automobile production coupled with the increasing focus on safety devices is expected to propel market growth.
The industry observes integration among the raw material manufacturers, producers, and distributors. Distributors assist the automotive industries in effectively using the product across the entire range of their major applications. Distributors act as the key link between the manufacturers and the automotive sectors, which require textiles for car seat covers, for production of airbags, and seat belts, among several others.
Major raw materials for automotive textiles are woven, composite, and various other nonwoven fabrics that are 100% polypropylene. Manufacturers of automotive textile continue to be alert about dealing with the raw materials price fluctuations and invest in research & development for innovative techniques to minimize the risks associated with it.
Scope of The Report
|Market Size in 2021||USD 28,919.7 million|
|Revenue Forecast by 2030||USD 38.47 billion|
|Growth rate from 2022 to 2030||CAGR of 3.22%|
|Forecast Period||2022 to 2030|
|Segmentation||Product, application, region
|Companies Covered||Lear Corporation; Johnson Controls; Acme Mills; Aunde SA; Toyota Boshoku Corporation; International Textile Group; Borgers AG; Dupont; Autotech Nonwovens; Suminoe Textile Co. Ltd.; CMI Enterprises Inc.; ASGLAWO Technofibre GmbH; Sage Automotive Interiors, Inc.; Baltex Inc.; Reliance Industries Limited; Auto Textiles S.A.; SMS Auto Fabrics; Autoliv Inc.|
The woven textiles product segment led the market and accounted for more than 39.1% share of the global revenue in 2021. This increase can be attributed to robust demand and growing urbanization & industrialization. In addition, numerous government programs encouraging the use of woven textiles rather than synthetic fibers are expected to improve market demand for automobile textiles in the near future.
The non-woven textile segment is projected to register a CAGR of 3.1% in terms of value during the forecast period. This increase can be attributed to an increase in automobile production, leading to robust product demand. The usage of composites is expected to increase as it offers better mechanical properties in comparison to woven types.
Composite textiles are predicted to be the fastest-growing automotive textile product segment, and it is expected to expand at a CAGR of 3.7% during the forecast period, owing to their better mechanical properties in comparison to other automotive textiles. The demand for composites is expected to be driven by the Asia Pacific region.
The other segment is anticipated to expand at a CAGR of 3.5% during the forecast period, owing to an increase in disposable income and rising living standards in various developing countries. In addition, the demand for other automotive textiles is also expected to increase by the growing industrialization & urbanization.
The upholstery application segment led the market and accounted for more than 55.7% of the global revenue share in 2021. Upholstery dominated the North American automotive textiles application market, owing to higher market penetration, which is related to the growing popularity of automotive textiles in the upholstery application. The demand for automotive textiles in tire applications, as a result of the rising production and sales of autonomous vehicles with highly automated driving capabilities for tire manufacturing, is predicted to fuel the revenue growth in this application category.
The safety devices application segment is projected to register a CAGR of 3.8% in terms of value during the forecast period. This increase has been attributed to the increase in the amount of textile used in in-vehicle safety standards. Safety rules requiring the installation of airbags, seat belts, and anti-lock brake systems in every vehicle have a favorable impact on the automobile business.
Key automotive textile applications include safety devices and engine components. EU and EEA member states have emission standards which include Euro-VI petrol and diesel norms to govern light and commercial passenger vehicle emissions, which are anticipated to have a positive impact on automotive textile demand in engine components.
Asia Pacific region led the market and accounted for over 47.9% share of global revenue in 2021. Increased population, urbanization, and key players extending their operations in these regions are some of the factors that would support the growth of the automotive textile market throughout the forecast period. Moreover, there have been stricter vehicular rules and standards regarding the use of airbags and safety belts. North America will also continue to demonstrate profitable growth throughout the forecast period due to strict government vehicular regulations throughout the country.
Europe region is anticipated to grow at a CAGR of 2.6% during the forecast period owing to the increasing gains from rising usage of automotive textiles in upholstery applications with growing industrialization and urbanization. The expansion will be encouraged by the massive manufacture of automobiles. During the forecast period, the UK market is expected to grow significantly.
Middle East region accounted for a 2.9% share of global revenue in 2021. This is due to increased demand owing to expanding middle-class income people, and rising demand for passenger cars in developing countries.