Automotive Textiles Market size was over USD 32.3 Billion in 2023 and is poised to exceed USD 47.1 Billion by the end of 2036, witnessing over 3.2% CAGR during the forecast period i.e., between 2024-2036. In 2024, the industry size of automotive textiles will be valued at around USD 33.3 billion.
The market expansion is primarily attributed to the increasing automobile production, which demands comfortable and modern vehicle textiles. The automotive industry is continuously growing credited to various factors such as urbanization, population growth, and rising disposable income. According to a report by the European Automobile Manufacturers’ Association in 2023, more than 85.0 million vehicles were produced globally, witnessing an increase of about 5.7% in 2021. This includes electric vehicles, heavy vehicles, passenger vehicles, buses, and light commercial vehicles. Furthermore, these vehicles require a diversified range of automotive textiles for several purposes such as components, carpeting, upholstery, headliners, and seating.
Growth Drivers
Challenges
|
Base Year |
2023 |
|
Forecast Year |
2024-2036 |
|
CAGR |
3.2% |
|
Base Year Market Size (2023) |
USD 32.3 Billion |
|
Forecast Year Market Size (2036) |
USD 47.1 Billion |
|
Regional Scope |
|
Product (Woven, Nonwoven, Composites)
Woven segment is poised to account for more than 40% automotive textiles market share by the end of 2036. Plain woven fabrics are made from air-jet textured and spun polyester yarns, impacting the automotive textiles landscape. Moreover, non-woven is also witnessing a boost as this product is easily moldable, abrasion resistant, readily sewn, seamed, flame resistant, coated, thermal protection, superior strength, and weight, easily shape retention, acoustic insulation, dyed and laminated, fireproof insulation, and air filtration. Growth in this sector will fuel the high performance insulation material value in the near future.
Application (Upholstery, Airbags, Tires, Floor Covering, Safety Devices, Engine Components)
In automotive textiles market, upholstery segment is estimated to register more than 4.6% growth from 2024 to 2036. Ongoing development of upholstery polyester and the entrance of emerging players are aiding segment proliferation. In 2022, the Swedish School of Textiles knitting lab and advanced EV manufacturer Polestar collaborated to launch upholstery textiles for the Polestar 4 electric SUV coupe. Automobile manufacturing companies are fostering sustainability and reduction in carbon footprint. For instance, in June 2023, Toyota the C-HR as a part of Europe's C-segment SUVs. Compared to its predecessor, the Toyota C-HR new car uses recycled plastics in more than 100 different components. The materials include an innovative seat upholstery fabric made from recycled PET bottles.
Our in-depth analysis of the global automotive textiles market includes the following segments:
|
Product |
|
|
Application |
|
APAC Market Statistics
The automotive textiles market in Asia Pacific is anticipated to hold the largest revenue share of 48% during the forecast period. Asia Pacific has benefited from demographic dividends and fast economic growth in the past two decades, with robust growth in auto sales in China. A Research Nester analysis predicts that China’s automotive market is likely to surpass USD 1.7 trillion by 2025. In 2023, the World Economic Forum confirmed that China was the world’s biggest auto exporter and BYD, a domestic manufacturer became the biggest single electric car maker by the end of 2022. The company’s overseas sales rose by 334% in 2023. The booming automobile manufacturing sector in the region is set to proliferate the overall market growth.
Attributed to Japan’s fourth position in the automotive & transportation market value, and the presence of several globally leading automobile manufacturers such as Suzuki, Mazda, and many more in this region. According to a report by the International Trade Administration in 2024, the automobile industry in Japan constitutes about 2.9% of its GDP while more than 13.9% of manufacturing GDP.
There is an increasing population in China that demands automobiles and technical textiles. The market is driven by the presence of a large number of local players comprising Changshu Automotive trim, China Shenma Industry, China New trend Group, Huamao Group, Jiangsu Hengli Group, Hebei Berger Phoenix tape Weaving, Jiangsu Yueda textile Group, Junma tyre Cord, Kuangda Group, and Hebei Berger Phoenix tape Weaving, among several others.
North America Market Analysis
The automotive textiles market in North America will also encounter huge growth during the forecast period, accounting for the second-largest revenue share. This growth is led by the increase in vehicle production and sales. A recent report by Research Nester in 2024 estimated that more than 7 million automobiles were sold in the first 6 months of 2024. This registered a gain of 2.3% as compared to the previous year. Moreover, urbanization is also predicted to act as a growing factor for the market in this region. According to the UN-Habitat, it is predicted that in 2018, about 82% of the North American population lived in urban areas.
The growing sales of cars in the U.S. are expected to grow the automotive textiles market in this country. According to a report in 2024, auto sales in the U.S. are projected to grow 5% with sales of about 6 million in 2024 which is an increase of about 3.5% from 2023.
In Canada, there is a high demand for various vehicles such as electric and passenger vehicles which acts as a demand for the market in this country. A recent report in 2024, sales of light vehicles in Canada are expected to gain a growth rate of about 9.6% with more than 1.9 million unit sales.
The automotive textiles market expansion is predicted to grow impelled by these companies occupying a lucrative size. Most of these companies are continuously collaborating, making agreements, expanding, and joining ventures for the growth of this industry. With the increasing demand for vehicles and their textiles, various companies are adapting to the latest trends and are set to be the major key players in this sector.
Some of the key players include:
Author Credits: Saima Khursheed
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?