The Automotive Textiles Global Market Report 2023, provides comprehensive information on the automotive textiles market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global automotive textiles market is expected to grow from $27.40 billion in 2022 to $28.87 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive textiles market is expected to reach $34.21 billion in 2027 at a CAGR of 4.3%.
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Product innovations are a popular trend in the automotive textiles market. Major companies operating in the automotive textiles market are focused on product innovations to meet specific demands and sustain their position in the market. For instance, in May 2022, Sumitomo Chemical Co. Ltd., a Japan-based chemical company, and Newlight Technologies Inc., a US-based technology company, started joint development of polypropylene (PP) compounds for use in autos and textile applications using AirCarbon, a carbon-negative biomaterial created by microorganisms from methane. In 2020, Newlight Technologies began operating the world’s first commercial-scale AirCarbon manufacturing unit and has supplied the biomaterial to many customers. Newlight Technologies will develop new grades of AirCarbon for usage in the automotive and textile industries as part of this collaborative development effort.
The automotive textiles market 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
Asia-Pacific was the largest region in the automotive textiles market in 2022.
The table of contents in TBRC’s automotive textiles market report includes:
1. Executive Summary
2. Automotive Textiles Market Characteristics
3. Automotive Textiles Market Trends And Strategies
4. Automotive Textiles Market – Macro Economic Scenario
5. Impact Of High Inflation On Online Therapy Services Market
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32. Global Automotive Textiles Market Competitive Benchmarking
33. Global Automotive Textiles Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Textiles Market
35. Automotive Textiles Market Future Outlook and Potential Analysis
36. Appendix
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