Report : Asia Pacific Automotive Fabric Market Forecast to 2030 - Regional Analysis - by Component (Carpet, Headliner, Hood Liner, Insulation, Seat Covering Material, and Others) and Material (Textiles, Artificial Leather, Genuine Leather, and Artificial Suede)
At 5.2% CAGR, the Asia Pacific Automotive Fabric Market is Speculated to be worth US$ 36,572.23 million by 2030, says Business Market Insights
According to Business Market Insights' research, the Asia Pacific automotive fabric market was valued at US$ 24,316.91 million in 2022 and is expected to reach US$ 36,572.23 million by 2030, registering a CAGR of 5.2% from 2022 to 2030. Rising focus on automotive aesthetics and interior quality and adoption of sustainable fabrics are among the critical factors attributed to the Asia Pacific automotive fabric market expansion.
The focus on developing automotive interior and exterior aesthetics and properties has increased, owing to consumer emphasis on quality and aesthetics, which drives the demand for automotive fabrics. Governments of various countries imposed stringent safety regulations, including the mandatory installation and use of seat belts, airbags, and anti-lock braking systems to promote in-vehicle safety, which is boosting the demand for high-performing and safe automotive fabric materials. Automotive fabric is used extensively in car interiors for seats, door panels, and headliners. The choice of fabric significantly impacts the interior design, offering a wide range of colors, textures, and patterns to match the desired aesthetic. Automotive fabric enhances the overall perception of a vehicle and creates a look of luxury for passengers. Advancements in fabric technology have led to innovative features such as stain resistance, climate control, and smart textiles, which can enhance the aesthetic and functionality of car interiors. Automotive manufacturers utilize specific fabrics and color schemes to establish brand identity and consistency across their product lines, making the car instantly recognizable to consumers. Thus, the rising focus on automotive aesthetics and interior quality fuels the automotive fabric market growth.
On the contrary, harmful effects of PVC and PU and durability issues of synthetic leather hampers the growth of Asia Pacific automotive fabric market.
Based on component, the Asia Pacific automotive fabric market is categorized into carpet, headliner, hood liner, insulation, seat covering material, and others. The carpet segment held 46.3% market share in 2022, amassing US$ 11,266.25 million. It is projected to garner US$ 17,714.37 million by 2030 to expand at 5.8% CAGR during 2022-2030.
In terms of material, the Asia Pacific automotive fabric market is categorized into textiles, artificial leather, genuine leather, and artificial suede. The textiles segment held 42.6% share of Asia Pacific automotive fabric market in 2022, amassing US$ 10,363.76 million. It is projected to garner US$ 16,000.59 million by 2030 to expand at 5.6% CAGR during 2022-2030.
Based on country, the Asia Pacific automotive fabric market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 55.2% share of Asia Pacific automotive fabric market in 2022. It was assessed at US$ 13,421.24 million in 2022 and is likely to hit US$ 20,878.18 million by 2030, exhibiting a CAGR of 5.7% during 2022-2030.
Key players operating in the Asia Pacific automotive fabric market are Lear Corp, Bader GmbH & Co KG, BOXMARK Leather GmbH & Co KG, AUNDE Group SE, Shawmut Corp, and Seiren Co Ltd, among others.
- In Mar 2022, Lear Acquired Leading Seating Materials Specialist Thagora.
- In Sep 2021, Shawmut Corporation Debuted Neoluxe Fabric Family At 2021 IAA Mobility Conference.
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