Europe Automotive Fabric Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Application, Covering Material Type

The Europe automotive fabric market is expected to grow from US$ 8,884.77 million in 2019 to US$ 12,272.01 million by 2027; it is estimated to grow at a CAGR of 4.3% from 2020 to 2027. The automotive industry is expected to witness monumental transformation in Europe owing to rapid urbanization, rise in disposable income, and shift in consumer lifestyle. The usage of automotive fabric in covering material and seating components has further propelled the growth of the Europe automotive fabric market. This is also projected to provide substantial growth opportunities for the key players operating in Europe. Further, luxury car sales have increased in recent years owing to the increase in disposable income, which bolstered the need for high-quality automotive fabric. Low-weight automotive fabric materials such as broadcloth, velour, and vinyl are widely used in the automotive industry for interior and exterior applications. Traditional steel components are replaced with lightweight fabric materials, reducing the weight of a vehicle's body. In the near future, it may provide lucrative opportunities for market growth. In Europe, there is currently a strong emphasis on increased fuel efficiency and autonomous driving. Furthermore, with the improvements in the safety standards across Europe, the demand for safety belts has increased. Due to the compulsion of safety features such as seat belt notifications and electronic stability control, manufacturers must produce a different type of fabric material. Thus, all these factors are expected to increase the demand for automotive fabric in the region during the forecast period.

In case of COVID-19 outbreak, in Europe, especially France, witnessed an unprecedented rise in the number of COVID-19 positive cases, which led to the discontinuation of automotive manufacturing activities. In addition, other automotive components manufacturing sector has subsequently impacted the demand for automotive fabric during the early months of 2020. Moreover, decline in the overall manufacturing activities has led to discontinuation of automotive equipment manufacturing projects, thereby reducing the demand for automotive fabric. Similar trend was witnessed in other European countries such as Russia, UK, Italy, Spain and Germany. However, the countries are likely to overcome the drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.

Based on application, the covering material segment led the Europe automotive fabric market in 2019. The interior of vehicle is considered to be attractive part and significantly promotes the value of the car. The focus over vehicle interior material along with in-vehicle textile and fabrics is expected to rise with the shifting consumer lifestyle and growing focus towards safety, quality, and aesthetic properties. The vehicle covering material forms an essential part of vehicle interior and adds to overall aesthetic. Apart from providing aesthetic appeal, these materials offer safety and quality features. The different type of car covering material used are nylon, polyester, vinyl leather, and faux materials. Other than this, hybrid form of materials is also used in the form of car seat cover. Such materials offer several functional characteristics that include durability coupled with resistance to light and abrasion, water vapor permeability (breath ability) along with protection from UV radiation. It is quite imperative that such covering materials should withstand extreme conditions.

The overall Europe automotive fabric market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Europe automotive fabric market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Europe automotive fabric market. A few of the key companies operating in the market are Aunde Group SE; Bader Gmbh and Co. KG; Boxmark Leather; JBS Couros; Lear Corporation; Sage Automotive Interiors Inc. ; Seiren Co., Ltd; Shawmut Corporation; Suminoe Textile Co., Ltd. ; DK Leather Corporation Berhad; Martur; Scottish Leather; Vulcaflex S.p.A; Grupo Copo; and TB Kawashima CO., Ltd.

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