Asia Pacific Automotive Fabric Market Forecast to 2030
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)
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Description
Innovative Technological Developments in Automotive Fabric Industry Fuel Asia Pacific Automotive Fabric Market
Many manufacturers are involved in product innovations related to automotive fabrics. To manage the rise in demand and supply capabilities, manufacturers are incorporating various legal and consumer requirements to launch environment-friendly, technologically advanced, and legally approved fabric materials. Development of coatings that provide resistance to stains, water and UV radiations, help in maintaining the appearance and durability of automotive fabric. The continuous research into developing fabrics that can accommodate airbags while ensuring customer safety, thereby prompting development of tear-resistant materials and seamless integration. Moreover, the significant use of knitted and woven fabrics, owing to their improved flexibility, comfort, stretchability, and better visual quality, promotes the demand for such fabrics. The manufacturers prefer lightweight composite material, which possesses minimal moisture content and is integrated with advanced adhesive technology to regulate sealing, vibration, and harshness in vehicles. Also, the use of fabrics in floor covering to absorb noise and vibration enhances the overall customer experience. Thus, a rise in innovative technological developments in the automotive fabric industry is likely to generate several growth opportunities for the market in the coming years.
Asia Pacific Automotive Fabric Market Overview
Asia Pacific is home to major automotive companies, including Toyota Motor Corporation; Tata Motors Ltd.; Hyundai Motor Company; Nissan Motor Co., Ltd.; and Honda Motor Co., Ltd. According to a report published by the China Passenger Car Association, in 2022, Tesla Inc. delivered 83,135 made-in-China electric vehicles, indicating growth in sales of electric vehicles from 2021. As per the International Organization of Motor Vehicle Manufacturers report, in 2021, motor vehicle production in Asia Pacific was estimated to be ~46.73 million units. Furthermore, passenger car production in the region increased from 35.82 million in 2020 to 38.15 million in 2021. Automotive fabric is used in cargo areas of SUVs, minivans, and hatchbacks, providing a clean appearance and protection to cargo. A few forms of automotive fabric are designed for soundproofing and noise reduction in the vehicle. Thus, the growing automotive industry in Asia Pacific is expected to create lucrative business opportunities for the automotive fabric market players in the region during the forecast period.
Asia Pacific Automotive Fabric Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Automotive Fabric Market Segmentation
The Asia Pacific automotive fabric market is segmented based on component, material, and country. Based on component, the Asia Pacific automotive fabric market is segmented into carpet, headliner, hood liner, insulation, seat covering material, and others. The carpet segment held the largest market share in 2022.
In terms of material, the Asia Pacific automotive fabric market is segmented into textiles, artificial leather, genuine leather, and artificial suede. The textiles segment held the largest market share in 2022.
Based on country, the Asia Pacific automotive fabric market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific automotive fabric market share in 2022.
Lear Corp, Bader GmbH & Co KG, BOXMARK Leather GmbH & Co KG, AUNDE Group SE, Shawmut Corp, and Seiren Co Ltd are some of the leading companies operating in the Asia Pacific automotive fabric market.
Summary Info
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According to the Research Team’ 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.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific automotive fabric market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific automotive fabric market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
2.2.1 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Automotive Fabric Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Automotive Fabric Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End-Use Industries
5. Asia Pacific Automotive Fabric Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Vehicle Production and Sales
5.1.2 Rising Focus on Automotive Aesthetics and Interior Quality
5.2 Market Restraints
5.2.1 Harmful Effects of PVC and PU and Durability Issues of Synthetic Leather
5.3 Market Opportunities
5.3.1 Innovative Technological Development in Automotive Fabric Industry
5.4 Future Trends
5.4.1 Adoption of Sustainable Fabrics
5.5 Impact Analysis
6. Automotive Fabric Market – Asia Pacific Market Analysis
6.1 Asia Pacific Automotive Fabric Market Revenue (US$ Million)
6.2 Asia Pacific Automotive Fabric Market Forecast and Analysis
7. Asia Pacific Automotive Fabric Market Analysis – Component
7.1 Carpet
7.1.1 Overview
7.1.2 Carpet Market Revenue and Forecast to 2030 (US$ Million)
7.2 Headliner
7.2.1 Overview
7.2.2 Headliner Market Revenue and Forecast to 2030 (US$ Million)
7.3 Hood Liner
7.3.1 Overview
7.3.2 Hood Liner Market Revenue and Forecast to 2030 (US$ Million)
7.4 Insulation
7.4.1 Overview
7.4.2 Insulation Market Revenue and Forecast to 2030 (US$ Million)
7.5 Seat Covering Material
7.5.1 Overview
7.5.2 Seat Covering Material Market Revenue and Forecast to 2030 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others Market Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Automotive Fabric Market Analysis – Material
8.1 Textiles
8.1.1 Overview
8.1.2 Textiles Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Artificial Leather
8.2.1 Overview
8.2.2 Artificial Leather Market Revenue and Forecast to 2030 (US$ Million)
8.3 Genuine Leather
8.3.1 Overview
8.3.2 Genuine Leather Market Revenue and Forecast to 2030 (US$ Million)
8.4 Artificial Suede
8.4.1 Overview
8.4.2 Artificial Suede Market Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Automotive Fabric Market – Country Analysis
9.1 Asia Pacific
9.1.1 Asia Pacific Automotive Fabric Market Overview
9.1.2 Asia Pacific Automotive Fabric Market Revenue and Forecasts and Analysis – By Countries
9.1.2.1 Automotive Fabric Market Breakdown by Country
9.1.2.2 Australia Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.2.1 Australia Automotive Fabric Market Breakdown by Component
9.1.2.2.2 Australia Automotive Fabric Market Breakdown by Material
9.1.2.3 China Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.3.1 China Automotive Fabric Market Breakdown by Component
9.1.2.3.2 China Automotive Fabric Market Breakdown by Material
9.1.2.4 India Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.4.1 India Automotive Fabric Market Breakdown by Component
9.1.2.4.2 India Automotive Fabric Market Breakdown by Material
9.1.2.5 Japan Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.5.1 Japan Automotive Fabric Market Breakdown by Component
9.1.2.5.2 Japan Automotive Fabric Market Breakdown by Material
9.1.2.6 South Korea Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.6.1 South Korea Automotive Fabric Market Breakdown by Component
9.1.2.6.2 South Korea Automotive Fabric Market Breakdown by Material
9.1.2.7 Rest of Asia Pacific Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.7.1 Rest of Asia Pacific Automotive Fabric Market Breakdown by Component
9.1.2.7.2 Rest of Asia Pacific Automotive Fabric Market Breakdown by Material
10. Competitive Landscape
10.1 Heat Map Analysis By Key Players
11. Industry Landscape
11.1 Overview
11.2 New Product Development
11.3 Merger and Acquisition
12. Company Profiles
12.1 Lear Corp
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Bader GmbH & Co KG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 BOXMARK Leather GmbH & Co KG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 AUNDE Group SE
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Shawmut Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Seiren Co Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
LIST OF TABLES
Table 1. Automotive Fabric Market Segmentation
Table 2. Asia Pacific Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Asia Pacific Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – Component
Table 4. Asia Pacific Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – Material
Table 5. Australia Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Component
Table 6. Australia Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Material
Table 7. China Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Component
Table 8. China Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Material
Table 9. India Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Component
Table 10. India Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Material
Table 11. Japan Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Component
Table 12. Japan Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Material
Table 13. South Korea Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Component
Table 14. South Korea Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Material
Table 15. Rest of Asia Pacific Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Component
Table 16. Rest of Asia Pacific Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Material
Table 17. Company Positioning & Concentration
LIST OF FIGURES
Figure 1. Automotive Fabric Market Segmentation, By Country
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem: Automotive Fabric Market
Figure 4. Market Dynamics: Automotive Fabric Market
Figure 5. Automotive Fabric Market Impact Analysis of Drivers and Restraints
Figure 6. Asia Pacific Automotive Fabric Market Revenue (US$ Million), 2020 – 2030
Figure 7. Asia Pacific Automotive Fabric Market Share (%) – Component, 2022 and 2030
Figure 8. Carpet Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Headliner Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Hood Liner Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Insulation Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Seat Covering Material Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Asia Pacific Automotive Fabric Market Share (%) – Material, 2022 and 2030
Figure 15. Textiles Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Artificial Leather Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Genuine Leather Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Artificial Suede Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Asia Pacific Automotive Fabric Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 20. Asia Pacific Automotive Fabric Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 21. Australia Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. China Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
Figure 23. India Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
Figure 24. Japan Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
Figure 25. South Korea Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
Figure 26. Rest of Asia Pacific Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
The List of Companies – Asia Pacific Automotive Fabric Market
1. Lear Corp
2. Bader GmbH & Co KG
3. BOXMARK Leather GmbH & Co KG
4. AUNDE Group SE
5. Shawmut Corp
6. Seiren Co Ltd
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