North America Automotive Fabric Market Forecast to 2030
North America 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
Increasing Vehicle Production and Sales Fuels North America Automotive Fabric Market
The advancement in automotive manufacturing capabilities and rising demand for electric vehicles are a few factors driving the global automotive industry. According to a report published by the European Automobile Manufacturers’ Association (ACEA), global motor vehicle production grew by 1.3% from 2020 to 2021, i.e., 79.1 million motor vehicles, including 61.6 million passenger cars. The National Automobile Dealers Association states that the automobile industry in North America currently generates over US$ 500 billion in sales annually. North America continues to be a significant producer, turning out more than 17 million cars a year. In contrast, Canada has a long history in the automobile sector and is home to several significant automakers and suppliers. By increasing its manufacturing capacity, bringing in new investments, and making R&D investments, the nation has been attempting to fortify its position in the sector in recent years. Further, Both Mexico and Canada are already major participants in the North American automotive market, a trend that is expected to continue in the years to come. According to statistics by OICA, the US, Canada, and Mexico produced 10,060,339, 1,228,735, and 3,509,072 vehicles in 2022, which was 10% up from 2021.
Thus, the growing automotive industry propels the production and sales of vehicles, which boosts the demand for automotive materials, thereby fueling the automotive fabric market growth.
North America Automotive Fabric Market Overview
Automotive fabric is widely used for seat covers, providing comfort and enhancing the aesthetics of the car interior. Many vehicles feature fabric-based carpets, improving interior aesthetics as well as providing insulation. According to the data published by the International Organization of Motor Vehicle Manufacturers in 2022, North America registered a production of 14.79 million vehicles. As per a report by the American Automotive Policy Council, car sales are expected to exceed 17.7 million vehicles per year by 2025. According to the International Trade Administration data released in 2022, the automotive industry of Mexico is one of the major sectors, accounting for 3.5% of the country’s gross domestic production and 20% of the manufacturing gross domestic production. The report also reveals that Mexico is the seventh largest global passenger vehicle producer, manufacturing ~3 million vehicles annually. Moreover, 90% of vehicles produced in the country are exported, of which nearly 76% are exported to the US. North America has well-established automotive manufacturers such as Audi AG, Bayerische Motoren Werke AG, Stellantis NV, Ford Motor Company, Honda Motor Co Ltd, Hyundai Motor Company, Mercedes Benz, and Volkswagen Group. Therefore, prevalence of automotive industry is projected to drive the demand for automotive fabric in North America.
North America Automotive Fabric Market Revenue and Forecast to 2030 (US$ Million)
North America Automotive Fabric Market Segmentation
The North America automotive fabric market is segmented based on component, material, and country. Based on component, the North America 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 North America 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 North America automotive fabric market is segmented into the US, Canada, and Mexico. The US dominated the North America automotive fabric market share in 2022.
Lear Corp, Bader GmbH & Co KG, BOXMARK Leather GmbH & Co KG, AUNDE Group SE, Grupo Empresarial Copo SA, Classic Soft Trim Inc, Shawmut Corp, Apex Mills Corp, and Seiren Co Ltd are some of the leading companies operating in the North America automotive fabric market.
Summary Info
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According to the Research Team’ research, the North America automotive fabric market was valued at US$ 7,890.92 million in 2022 and is expected to reach US$ 10,937.09 million by 2030, registering a CAGR of 4.2% from 2022 to 2030. Adoption of Sustainable Fabrics and increasing vehicle production and sales are among the critical factors attributed to the North America automotive fabric market expansion.
The potential use of a sustainable form of fabric is being increasingly promoted across the automotive industry. Advanced automotive fabrics are crucial in ensuring the safety and performance of vehicles. The demand for environment-friendly fabric material has been increasing with the rising concerns related to environment degradation and waste management coupled with a growing focus on the deployment of sustainable materials. The demand for such materials is strongly driven by stringent government regulations related to the adverse impacts of fabric materials. Various initiatives that promote sustainability are majorly contributing to the advancement of the manufacturing sector. Several campaigns organized by various associations, such as People for the Ethical Treatment of Animals (PETA), Plant and Animals Welfare Society (PAWS), and World Wildlife Fund (WWF), are proliferating the demand for eco-friendly fabrics. The implementation of animal rights laws in various economies is another factor that is encouraging manufacturers to adopt animal-free and environment-friendly alternatives for in-vehicle materials. In February 2023, Lenzing and Natural Fiber Welding Inc (NFW) partnered to develop and launch sustainable leather alternative used for automotive and other applications.
The investment by the manufacturers in research and development of cost-effective, environment-friendly, and performance-efficient automotive fabrics has increased. Government regulations pertaining to circular economy and sustainable growth have encouraged automobile manufacturers to recover and recycle end-of-life vehicles. In 2022, Renault Group aimed to increase the recycled materials content in the production of automobiles. Thus, the adoption of sustainable automotive materials is anticipated to fuel the automotive fabric market growth during the forecast period.
On the contrary, harmful effects of PVC and PU and durability issues of synthetic leather hampers the growth of North America automotive fabric market.
Based on component, the North America automotive fabric market is categorized into carpet, headliner, hood liner, insulation, seat covering material, and others. The carpet segment held 43.0% market share in 2022, amassing US$ 3,396.57 million. It is projected to garner US$ 4,944.06 million by 2030 to expand at 4.8% CAGR during 2022-2030.
In terms of material, the North America automotive fabric market is categorized into textiles, artificial leather, genuine leather, and artificial suede. The textiles segment held 42.4% share of North America automotive fabric market in 2022, amassing US$ 3,348.44 million. It is projected to garner US$ 4,764.35 million by 2030 to expand at 4.5% CAGR during 2022-2030.
Based on country, the North America automotive fabric market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 74.2% share of North America automotive fabric market in 2022. It was assessed at US$ 5,855.06 million in 2022 and is likely to hit US$ 8,198.09 million by 2030, exhibiting a CAGR of 4.3% during 2022-2030.
Key players operating in the North America automotive fabric market are Lear Corp, Bader GmbH & Co KG, BOXMARK Leather GmbH & Co KG, AUNDE Group SE, Grupo Empresarial Copo SA, Classic Soft Trim Inc, Shawmut Corp, Apex Mills Corp, and Seiren Co Ltd, among others.
In Feb 2022, Lear Completes Acquisition of Kongsberg Automotive’s Interior Comfort Systems Business Unit.
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 North America 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 North America market trends and outlook coupled with the factors driving the North America 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. North America 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. North America 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 – North America Market Analysis
6.1 North America Automotive Fabric Market Revenue (US$ Million)
6.2 North America Automotive Fabric Market Forecast and Analysis
7. North America 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. North America 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. North America Automotive Fabric Market – Country Analysis
9.1 North America
9.1.1 North America Automotive Fabric Market Overview
9.1.2 North America Automotive Fabric Market Revenue and Forecasts and Analysis – By Countries
9.1.2.1 Automotive Fabric Market Breakdown by Country
9.1.2.2 US Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.2.1 US Automotive Fabric Market Breakdown by Component
9.1.2.2.2 US Automotive Fabric Market Breakdown by Material
9.1.2.3 Canada Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.3.1 Canada Automotive Fabric Market Breakdown by Component
9.1.2.3.2 Canada Automotive Fabric Market Breakdown by Material
9.1.2.4 Mexico Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.4.1 Mexico Automotive Fabric Market Breakdown by Component
9.1.2.4.2 Mexico 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 Grupo Empresarial Copo SA
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 Classic Soft Trim Inc
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
12.7 Shawmut Corp
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Apex Mills Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Seiren Co Ltd
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
LIST OF TABLES
Table 1. Automotive Fabric Market Segmentation
Table 2. North America Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. North America Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – Component
Table 4. North America Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – Material
Table 5. US Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Component
Table 6. US Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Material
Table 7. Canada Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Component
Table 8. Canada Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Material
Table 9. Mexico Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Component
Table 10. Mexico Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Material
Table 11. 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. North America Automotive Fabric Market Revenue (US$ Million), 2020 – 2030
Figure 7. North America 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. North America 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. North America Automotive Fabric Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 20. Automotive Fabric Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 21. US Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Canada Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
Figure 23. Mexico Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
The List of Companies – North America Automotive Fabric Market
1. Lear Corp
2. Bader GmbH & Co KG
3. BOXMARK Leather GmbH & Co KG
4. AUNDE Group SE
5. Grupo Empresarial Copo SA
6. Classic Soft Trim Inc
7. Shawmut Corp
8. Apex Mills Corp
9. Seiren Co Ltd
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