September 28, 2022 13:10 ET | Source: Straits Research Straits Research
New York, United States, Sept. 28, 2022 (GLOBE NEWSWIRE) -- Filaments, fibers, and automobile-specific fabric make up an automobile textile. These textiles are used in the automotive industry in light and heavy vehicles and must be tested for abrasion resistance and tensile strength. Automotive textiles provide maximum comfort and a pleasurable ride for passengers. It enhances the safety and comfort of the vehicle's interior. The automotive fabric is resistant to U.V. rays, and cold cracking is easy to clean, durable, and helps to reduce fatigue. Manufacturers increasingly favor lightweight composite materials with low moisture content and employ advanced adhesive technology to improve the product's sealing, harshness, and vibration performance. Fabrics such as truck lining, headlining, and spray adhesive are also used to replace or repair interior surfaces that have been damaged. It uses fewer non-renewable resources, helps reduce petroleum consumption, and emits less greenhouse gas. In addition, automotive textile assists manufacturers in achieving their sustainable strategy objectives by delivering innovative products to the end-user.
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Enhancing Customer Lifestyle and Regulation Imposed by Government on Airbags, Seat Belts, and Other Safety Equipment Drives the Global Market
As consumers' disposable income rises and their living standards rise, there is a persistent demand for car safety features, such as airbags and seat belts. These factors are the root cause that is fuelling the growth rate of the automotive textiles market. Additionally, consumers' lifestyles are improving daily, increasing the demand for personal vehicles. This will indirectly influence the growth rate of the automotive textiles market, but it will be positive.
The automotive market benefits from safety regulations implemented by the government requiring airbags, seat belts, and anti-lock braking systems (ABS) to be installed in every vehicle. Original equipment markets are providing airbags and anti-lock braking systems (ABS) as standard features in vehicles in developing countries, assisting governments in improving safety measures. As a result, the amount of fabric material required for in-vehicle safety features increases. Different textile materials are required for different component applications in these safety systems. As a result of government initiatives, people are becoming more aware of safety features, fueling the growth of the automotive fabric market.
High Demand for Eco-Friendly Automotive Textile Materials Creates Tremendous Opportunities
The primary factor driving revenue growth is the increasing adoption of eco-friendly automotive fabric materials such as polyester, which is recyclable and one of the most cost-effective fabrics. Increasing demand for nonwoven fabrics for vehicle floor coverings and carpets is another factor driving up automotive fabric demand and is expected to contribute to market revenue growth. Producing nonwoven automotive carpets from recycled polyethylene terephthalate reduces environmental pollution, promotes sustainability, and maximizes resource utilization. This is expected to increase demand for nonwoven fabrics and drive the automotive fabric market's revenue growth over the forecast period.
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The Asia-Pacific region dominated the market and generated the highest global revenue share. Increasing population, urbanization, and the expansion of operations by key players in these regions are some of the factors that will drive the growth of the automotive textiles market during the forecast period. In addition, the use of airbags and safety belts is governed by stricter vehicular regulations and standards. In addition, due to stringent national vehicle regulations, North America will continue to experience profitable growth throughout the forecast period.
The major players in the global automotive textiles market are
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Global Automotive Textiles Market: Segmentation
Table of Content and Figure @ https://straitsresearch.com/report/automotive-textiles-market/toc
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