Automotive Fabric Market Scope And Analysis

Report Code : TIPRE00006211
Category : Chemicals and Materials

Status : Published
No. of Pages : 143

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Automotive Fabric Market Scope and Key Players Analysis by 2030

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Automotive Fabric Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 41.51 Billion
Market Size by 2030	US$ 60.72 Billion
Global CAGR (2022 - 2030)	4.9%
Historical Data	2020-2021
Forecast period	2023-2030
Segments Covered	By Component Carpet Headliner Hood Liner Insulation Seat Covering Material By Material Textiles Artificial Leather Genuine Leather Artificial Suede
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Lear Corp Bader GmbH Co KG BOXMARK Leather GmbH Co KG AUNDE Group SE Grupo Empresarial Copo SA Classic Soft Trim Inc Dual Borgstena Textile Portugal Unipessoal Lda Shawmut Corp Apex Mills Corp

IMPACT OF COVID-19 PANDEMIC/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

Before the COVID-19 pandemic, many countries across the globe reported economic growth. The key manufacturers invested in the research and development of automotive fabric. They also focused on the expansion of geographic reach through merger and acquisition strategies to cater to a wide customer base. Before the COVID-19 pandemic, the automotive fabric producers reported steady growth in manufacturing, due to increasing demand from the automotive industry. The automotive fabric manufacturers were more focused on developing eco-friendly, durable, and easy-to-clean fabrics. According to the US International Trade Commission (USITC), owing to the high vulnerability of the automotive industry, vehicle sales in the US decreased by 15% in 2020 compared to 2019. During the pandemic, supply chain disruptions, raw material and labor shortages, and operational difficulties created a demand and supply gap, which adversely affected the automotive fabric market growth. Manufacturers reported challenges in sourcing raw materials and ingredients from suppliers, thereby impacting the production rate of automotive fabric.

Further, production shortfall caused by severe disruptions in supply chains and limited skilled laborers created a demand-supply gap in many regions, particularly Asia Pacific, Europe, and North America. The demand and supply gap was also recorded in the aforementioned regions due to fluctuating demand from the automotive industry. In 2021, rising vaccination rates contributed to improvements in the overall conditions in different countries, which led to conducive environments for the chemicals & materials industry. The sales of automotive fabric increased with the resumption of production & sales operations of companies operating in the automotive industry.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Lear Corp, Bader GmbH & Co KG, BOXMARK Leather GmbH & Co KG, AUNDE Group SE, Grupo Empresarial Copo SA, Classic Soft Trim Inc, Dual Borgstena Textile Portugal Unipessoal Lda, Shawmut Corp; Apex Mills Corp, Seiren Co Ltd are among the key players operating in the automotive fabric market.