South & Central America Automotive Fabric Market Forecast to 2030
South & Central 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
Innovative Technological Developments in Automotive Fabric Industry Fuel South & Central America 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.
South & Central America Automotive Fabric Market Overview
The significant presence of automotive companies in Brazil and Argentina is propelling the sales of automotive components and materials in South & Central America. According to the report by the Brazilian Association of Automotive Vehicle Manufacturers, the production of automobiles in Brazil grew by 11.4%, and the sales were boosted by 10.9% from February to March 2022. Major market players in the automotive sector have strategized the development and expansion of their operational capacities in South & Central America to benefit from the lucrative automotive market. In 2022, Audi AG invested US$ 19.2 million to restart production activities at the company’s plant in Parana, Brazil, registering a capacity of 4,000 vehicles per year. The growth of passenger car sales is driven by its pricing as well as credit availability in the country. In 2022, Kavak invested US$ 500 million in its auto reconditioning space in Brazil to purchase and sell secondhand cars. The company already has 40 logistics centers and vehicle reconditioning spaces in Latin America. Such investments in the used car industry are expected to drive the maintenance and reconditioning operations in the region. End users in the automotive fabric include automotive companies, original equipment manufacturers and car care service providers. Thus, the growth in the automotive industry is expected to create opportunities for players operating in the automotive fabric market over the coming years.
South & Central America Automotive Fabric Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Automotive Fabric Market Segmentation
The South & Central America automotive fabric market is segmented based on component, material, and country. Based on component, the South & Central 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 South & Central 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 South & Central America automotive fabric market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central 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, and Seiren Co Ltd are some of the leading companies operating in the South & Central America automotive fabric market.
Summary Info
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According to the Research Team’ research, the South & Central America automotive fabric market was valued at US$ 1,494.39 million in 2022 and is expected to reach US$ 2,009.56 million by 2030, registering a CAGR of 3.8% from 2022 to 2030. Adoption of sustainable fabrics and innovative technological developments in automotive fabric industry are among the critical factors attributed to the South & Central 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 South & Central America automotive fabric market.
Based on component, the South & Central America automotive fabric market is categorized into carpet, headliner, hood liner, insulation, seat covering material, and others. The carpet segment held 46.4% market share in 2022, amassing US$ 694.06 million. It is projected to garner US$ 974.66 million by 2030 to expand at 4.3% CAGR during 2022-2030.
In terms of material, the South & Central America automotive fabric market is categorized into textiles, artificial leather, genuine leather, and artificial suede. The textiles segment held 42.6% share of South & Central America automotive fabric market in 2022, amassing US$ 636.90 million. It is projected to garner US$ 883.49 million by 2030 to expand at 4.2% CAGR during 2022-2030.
Based on country, the South & Central America automotive fabric market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 80.1% share of South & Central America automotive fabric market in 2022. It was assessed at US$ 1,197.17 million in 2022 and is likely to hit US$ 1,622.48 million by 2030, exhibiting a CAGR of 3.9% during 2022-2030.
Key players operating in the South & Central America automotive fabric market are Lear Corp, Bader GmbH & Co KG, BOXMARK Leather GmbH & Co KG, AUNDE Group SE, Grupo Empresarial Copo SA, and Seiren Co Ltd, among others.
In Mar 2022, Lear Acquired Leading Seating Materials Specialist Thagora.
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 South & Central 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 South & Central America market trends and outlook coupled with the factors driving the South & Central 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. South & Central 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. South & Central 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 – South & Central America Market Analysis
6.1 South & Central America Automotive Fabric Market Revenue (US$ Million)
6.2 South & Central America Automotive Fabric Market Forecast and Analysis
7. South & Central 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. South & Central 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. South & Central America Automotive Fabric Market – Country Analysis
9.1 South & Central America
9.1.1 South & Central America Automotive Fabric Market Overview
9.1.2 South & Central 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 Brazil Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.2.1 Brazil Automotive Fabric Market Breakdown by Component
9.1.2.2.2 Brazil Automotive Fabric Market Breakdown by Material
9.1.2.3 Argentina Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.3.1 Argentina Automotive Fabric Market Breakdown by Component
9.1.2.3.2 Argentina Automotive Fabric Market Breakdown by Material
9.1.2.4 Rest of South & Central America Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.4.1 Rest of South & Central America Automotive Fabric Market Breakdown by Component
9.1.2.4.2 Rest of South & Central America 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 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. South & Central America Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. South & Central America Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – Component
Table 4. South & Central America Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – Material
Table 5. Brazil Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Component
Table 6. Brazil Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Material
Table 7. Argentina Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Component
Table 8. Argentina Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Material
Table 9. Rest of South & Central America Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million) – By Component
Table 10. Rest of South & Central America 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. South & Central America Automotive Fabric Market Revenue (US$ Million), 2020 – 2030
Figure 7. 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. South & Central 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. South & Central America Automotive Fabric Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 20. South & Central America Automotive Fabric Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 21. Brazil Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Argentina Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
Figure 23. Rest of South & Central America Automotive Fabric Market Revenue and Forecasts to 2030 (US$ Million)
The List of Companies – South & Central 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. Seiren Co Ltd
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