Europe Automotive Fabric Market Forecast to 2030 - Regional Analysis - by Component (Carpet, Headliner, Hood Liner, Insulation, Seat Covering Material, and Others) and Material (Textiles, Artificial Leather, Genuine Leather, and Artificial Suede)

The Europe automotive fabric market was valued at US$7.28 billion in 2022 and is expected to reach US$10.50 billion by 2030; it is estimated to grow at a CAGR of 4.7% from 2022 to 2030.

Rising Focus on Automotive Aesthetics and Interior Quality Fuel the Europe Automotive Fabric Market

The focus on developing automotive interior and exterior aesthetics and properties has increased, owing to consumer emphasis on quality and aesthetics, which drives the demand for automotive fabrics. Governments of various countries imposed stringent safety regulations, including the mandatory installation and use of seat belts, airbags, and anti-lock braking systems to promote in-vehicle safety, which is boosting the demand for high-performing and safe automotive fabric materials. Automotive fabric is used extensively in car interiors for seats, door panels, and headliners. The choice of fabric significantly impacts the interior design, offering a wide range of colors, textures, and patterns to match the desired aesthetic. Automotive fabric enhances the overall perception of a vehicle and creates a look of luxury for passengers. Advancements in fabric technology have led to innovative features such as stain resistance, climate control, and smart textiles, which can enhance the aesthetic and functionality of car interiors. Automotive manufacturers utilize specific fabrics and color schemes to establish brand identity and consistency across their product lines, making the car instantly recognizable to consumers. Thus, the rising focus on automotive aesthetics and interior quality fuels the automotive fabric market growth.

Europe Automotive Fabric Market Overview

According to a report by the International Energy Agency in 2022, sales of electric vehicles reached 2.3 million units in Europe in 2021 (a rise from 1.4 million in 2020). According to the International Trade Administration report published in 2022, increased investment in the automotive industry creates lucrative opportunities for automotive components and materials manufacturers. Turkey marks the presence of 48,000 hybrid and 2,000 electric vehicles on the roads and ~800 vehicle charging stations as of 2022. Therefore, the electric vehicle market is expected to grow exponentially with rising investments, positively impacting the Turkish mobility market, which is anticipated to reach US$ 90 billion by 2030. According to the report published by the government of Spain in 2020, the government declared a budget of US$ 4.1 billion to strengthen the country's automotive sector. It presented the "Plan to Boost the Automotive Industry's Value Chain toward Sustainable and Connected Mobility." According to the European Commission, European countries are among the top technical and industrial textiles producers. Automotive fabric is extensively used in automotive carpeting, trunk area, interior trims, soundproofing and insulation. Further, the widespread presence of the automotive and textile industries across Europe is expected to fuel the automotive fabric market in Europe during the forecast period.

Europe Automotive Fabric Market Segmentation

The Europe automotive fabric market is segmented based on component, material, and country. Based on component, the Europe automotive fabric market is segmented into carpet, headliner, hood liner, insulation, seat covering material, and others. The carpet segment held the largest market share in 2022.

In terms of material, the Europe automotive fabric market is segmented into textiles, artificial leather, genuine leather, and artificial suede. The textiles segment held the largest market share in 2022.

Based on country, the Europe automotive fabric market is segmented into the UK, Germany, France, Italy, Russia, Poland, Sweden, and the Rest of Europe. The Rest of Europe dominated the Europe automotive fabric market share in 2022.

Lear Corp, Bader GmbH & Co KG, BOXMARK Leather GmbH & Co KG, AUNDE Group SE, Grupo Empresarial Copo SA, Shawmut Corp, Dual Borgstena Textile Portugal Unipessoal Lda, and Seiren Co Ltd are some of the leading companies operating in the Europe automotive fabric market.