The North America automotive coated fabric market is experiencing robust growth attributed to surging demand for luxury cars prioritizing safety and comfort. Concurrently, the rise in lightweight passenger vehicle production and government investments in the automotive sector amplify market expansion. Expanding economies of developing nations foster increased sales and production of passenger vehicles, propelling overall automotive industry growth. This favorable landscape is poised to accelerate the North American automotive coated fabric market's trajectory, affirming sustained growth during the forecast period.
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Data Bridge Market Research analyses that the North America Automotive Coated Fabric Market is expected to reach USD 2,210.71 million by 2030, which is USD 1,590.70 million in 2022, at a CAGR of 4.20% during the forecast period of 2023 to 2030. Coated fabrics' adaptability drives creative design, inspiring attractive and functional automotive interiors. This unique potential motivates manufacturers in the North America automotive coated fabric market, propelling demand for these materials as they play a pivotal role in crafting distinctive and captivating vehicle interiors, enhancing market growth.
Key Findings of the Study
Stringent safety and regulations are expected to drive the market's growth rate
Stringent safety and regulatory mandates propel the North America automotive coated fabric market. As authorities impose stricter standards, coated fabrics emerge as a solution due to their inherent flame resistance, abrasion resistance, and durability. Automotive manufacturers seek compliant materials to meet these requirements, fostering increased adoption of coated fabrics. This driver ensures passenger safety and regulatory compliance while stimulating market growth through the demand for reliable and certified fabric solutions.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Polyester Coated Fabric, Vinyl, Nylon, Rubber, Leather, And Others), Application (Seating, Carpet, Airbag, Instrument Panel, Door Panel, Auto Tops and Light Trucks Cover, Sun Visor, Gear Shift and Others), Distribution Channel (OEMs and Aftermarket), Vehicle Type (Passenger Vehicle, Light Vehicle, Motor Vehicle, and Medium and Heavy Trucks)
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Countries Covered
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U.S., Canada and Mexico in North America
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Market Players Covered
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Trelleborg AB (publ) (Sweden), Continental AG (Germany), Low & Bonar PLC (Mehler Texnologies) (India), Saint-Gobain. (France), Spradling International (U.S.), inStyle Coated Fabric Solutions (U.S.), Seaman Corporation (U.S.), OMNOVA Solutions Inc. (U.S.), Takata Corporation (Japan), COLMANT COATED FABRICS (France), Seaman Corporation (U.S.), Serge Ferrari (France), Dickson Constant (France), Sioen Industries NV (Belgium), SRF Limited (India), LG Chem. (South Korea), Mayur Uniquoters Limited (India), Uniroyal Global Engineered Products Inc. (U.S.), The Haartz Corporation (U.S.)
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis:
The automotive coated fabric market is segmented based on type, application, and distribution channel and vehicle type
- On the basis of type, the automotive coated fabric market is segmented polyester coated fabric, vinyl, Nylon, rubber, leather and others.
- On the basis of application, the automotive coated fabric market is segmented seating, carpet, airbag, instrument panel, door panel, auto tops and light trucks cover, Sun Visor, gear shift and others.
- On the basis of distribution channel, the automotive coated fabric market is segmented OEMS and aftermarket.
- On the basis of vehicle type, the automotive coated fabric market is segmented passenger vehicle, light vehicle, motor vehicle, and medium and heavy trucks.
Major Players
Data Bridge Market Research recognizes the following companies as the major North America automotive coated fabric market players in North America automotive coated fabric market are Trelleborg AB (publ) (Sweden), Continental AG (Germany), Low & Bonar PLC (Mehler Texnologies) (India), Saint-Gobain. (France), Spradling International (U.S.), inStyle Coated Fabric Solutions (U.S.), Seaman Corporation (U.S.), OMNOVA Solutions Inc. (U.S.)
Market Developments
- In 2019, Morbern stood out as a finalist for Canada's Best Managed Company, earning recognition in Eastern Ontario. This prestigious annual award acknowledges exceptional Canadian businesses, emphasizing management excellence. This accolade positions Morbern to garner global recognition, further expanding its customer base and enhancing its reputation in the industry.
- In 2019, Mayur Uniquoters Limited strategically acquired a significant 68 percent stake in Futura Textiles Inc. This pivotal investment transforms Futura Textiles Inc. into a subsidiary of Mayur Uniquoters Limited. Beyond enriching the company's product portfolio, this move significantly amplifies brand visibility and reputation, positioning both entities for enhanced growth and recognition.
Regional Analysis
Geographically, the countries covered in the U.S., Canada and Mexico in North America.
As per Data Bridge Market Research analysis:
The U.S is the dominant region in North America automotive coated fabric market during the forecast period 2023 - 2030
The U.S. asserts dominance in the automotive coated fabric market due to escalating vehicle demand, particularly for lightweight materials. As lightweight options effectively decrease overall vehicle weight, the surge in demand for such vehicles fuels the need for automotive-coated fabrics. This amplified demand, attributed to the weight reduction benefits of these materials, significantly propels market growth in the region, reinforcing the U.S.'s leading position in terms of revenue and market share.
For more detailed information about the North America automotive coated fabric market report, click here – https://www.databridgemarketresearch.com/reports/north-america-automotive-coated-fabric-market
