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Automotive Textiles Industry: Global Survey, Trend Analysis & Forecast by 2024

Increasing automobiles production, particularly in Asia Pacific coupled with the favorable regulatory scenario, is expected to drive the global automotive textiles market over the forecast period. The Global Automotive Textiles Market is expected to reach USD 31.75 billion by 2024, according to a new report by Grand View Research, Inc.


These textiles find major applications in the interiors of automobiles. Increasing safety norms such as standard No. 208 of Federal Motor Vehicle Safety Standards has prompted the automobile manufacturers to install seat belts and airbags in the vehicles which have driven the demand for these technical textiles in the recent past. In addition, Introduction of Euro VI by the EU and EEA member states to govern light and commercial passenger vehicles emissions has prompted the demand for automotive filters which has had a positive impact on automotive textiles demand.

The increasing disposable income levels and rising living standards in emerging economies such as China and India has an immense contribution toward the development of the modern market. In addition, these countries along with growing Middle East market has created new avenues for major manufacturers.

To Know More About Automotive Textiles Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/automotive-textiles-market

Woven fabrics emerged as the leading product segment and accounted for 43.6% of total market volume in 2015. Composites are expected to witness the highest growth of 3.9% from 2016 to 2024. Increasing demand for high performance materials in the automotive industry is expected to drive this segment over the forecast period.

Top Players of Automotive Textiles Market:

Key market players include DuPont, Trevira, Sage Automotive Interiors, Reliance, Baltex, Global Safety Textiles, Auto Textile S.A, SMS Auto Fabrics, Lear Corporation, Autoliv, Johnson Controls, Aunde, Acme Mills, Borgers, International Textile Group, Toyota Boshoku, Autotech Nonwovens, ASGLAWO Technofibre, Suminoe Textile Co. Ltd, and CMI-Enterprises.

Market Segmentation of Automotive Textiles Market:

The Global Automotive Textiles Market segmented on the basis of Application, Type and Region.

By Product:

    Woven
    Nonwoven
    Composites

By Application:

    Upholstery
    Tires
    Safety Devices
    Engine Components

By Region:

    North America
    Europe
    Asia Pacific
    Middle East & Africa
    Central & South America

Inquire about Automotive Textiles Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2939
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