Download Automotive Fabric Market By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium

Global automotive fabric market is anticipated to grow at a significant CAGR during the forecast period. Automotive fabric enhances the interior ambiance of the automobile which is the major for their high market demand. Rise in disposable income among the middle-class families and the rising GDP in major economies is aiding in increasing the expenditure capacity of consumers. Stringent government policies and regulations to ensure the safety of passengers and introduction of laws for implementation of air bags, safety-belts are expected to fuel the growth of the market. Surge in production of vehicles around the world due to increase in preference of vehicle ownership to ensure safety and provide convenience to consumers is fostering the demand for automotive fabric across the globe. Due to increase in investment for research and development to invent new applications in passenger cars segment is increasing the demand for automobiles thereby indirectly influencing the global automotive fabric market. Also, automobile manufacturers are trying to upgrade the safety features of car coupled with expansion of leather companies is anticipated to accelerate the product demand world-wide. Surge in consumer preference for installation of environment-friendly automotive fabrics and use of light-weight automotive fabric to minimize the pollution contribution into the environment is driving the market growth across various region.