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Automotive Fabric Market Trends

Report ID: GMI5617
Published Date: May 2023
Report Format: PDF

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Automotive Fabric Market Trends

Rising production of automobiles worldwide and attempts to reduce carbon footprint will complement automotive fabric market expansion. Many automotive brands are looking to use eco-friendly fabric materials within their vehicles to lower carbon footprint. For instance, in October 2022, GM Ventures announced plans to invest in biotechnology company MycoWorks to co-develop Fine Mycelium materials for use in a range of automotive design applications.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of automotive fabric surpassed USD 36.7 billion in 2023 and is anticipated to grow at 3.7% CAGR during 2024 to 2032, says this GMI report.

Automotive fabrics industry size from the carpets/floor covering application was worth USD 8 billion in 2022 as manufacturers are utilizing raw materials that are high-quality, durable, malleable, and robust in nature.

Polyester automotive fabric industry accounted for USD 14 billion in 2022 as this fabric is widely used in seats, door panels, headliners, and carpets & floor mats among others.

Acme Mills Company, Heathcoat Fabrics Limited, Adient Plc, Navbharat Textile Processors, Grupo Antolin Irausa, and Lear Corporation. are some of the leading brands present in the global automotive fabric sector.