Middle East & Africa Automotive Fabric Market
No. of Pages: 108 | Report Code: TIPRE00022094 | Category: Chemicals and Materials
No. of Pages: 108 | Report Code: TIPRE00022094 | Category: Chemicals and Materials
The Middle East & Africa automotive fabric market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The Middle East & African region constitutes developed economies such as South Africa, Saudi Arabia and UAE as a developing nation. The region's demand for automotive fabrics is boosted by strong domestic demand and export dynamism for automobiles, stringent automotive regulations & standards regarding the use of airbags and a strong economy accompanied by technological developments in the automotive market. Significant developments in the automotive sector have led to vital product innovations in the automotive fabric industry. Increasing vehicle numbers and increased per capita income is leading to surging demand for advanced versions of automotive fabric on a large scale. This will strengthen the procurement rate of automotive fabric during the forecast period, thereby aiding the automotive fabric market growth in Middle East & Africa. The automotive fabric market is anticipated to influence product innovation, with the high presence of manufacturers having a significant share of companies operating in the aftersales channel in the region. Key players focus on acquisition strategies and regional dominance to establish their products in the region. Additionally, stringent regulatory norms pertaining to automotive fabric disposal will increase the Middle East & African automotive fabric market throughout the forecasted period.
In case of COVID-19, in Middle East & Africa, especially South Africa, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of automotive manufacturing activities; 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 Middle East & African countries, i.e., Saudi Arabia and UAE. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
Strategic insights for the Middle East & Africa Automotive Fabric provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 375.10 Million |
| Market Size by 2027 | US$ 505.25 Million |
| Global CAGR (2020 - 2027) | 4.0 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Application
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East & Africa Automotive Fabric refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The automotive fabric market in Middle East & Africa is expected to grow from US$ 375.10 million in 2019 to US$ 505.25 million by 2027; it is estimated to grow at a CAGR of 4.0 % from 2020 to 2027. Product innovations along with the technological advancements in automotive fabrics industry is providing lucrative opportunities for the market growth. For instance, the latest innovation associated with the creative mix of seatbelts and airbags is prepared with round and smooth edges to offer better comfort and experience to the wearer. Such feature is aimed to reduce the extent of damage, as it helps distribute the force equally across the passenger’s body. This technique incorporates the use of special type of micro-fibre with ultra-light, flame proof, and abrasion resistant features for interior of the car. Additionally, this micro-fibre is counted as 100% environment-friendly material. Thus, the incorporation of such advanced features in the product is expected to promote the demand for advanced automotive fabrics in Middle East & Africa market. Moreover, the significant use of knitted and woven fabrics owing to their improved flexibility, comfort, stretchability, and better visual quality is expected to promote the demand for such fabrics. Further, the manufacturers are preferring light-weight composite material, which possesses minimal moisture content and are integrated with advanced adhesive technology to regulate sealing, vibration, and harshness in vehicles. Also, the use of fabrics in floor covering is also expected to absorb noise and vibration to enhance the overall experience. Other features such as elasticity, resistance toward wear and breakage, and rising adoption of advanced automobile accessories are the factors promoting the demand for automotive fabric in Middle East & Africa market.
Based on application, the covering material segment accounted for the largest share of the Middle East & Africa automotive fabric market in 2019. Based on covering material type, the textiles segment held a larger market share of the Middle East & Africa automotive fabric market in 2019. Automotive textiles are often categorized as non-apparel textiles which significantly find applications in cars, trains, buses and other vehicle forms. Automotive textiles are composed of different types of textile components such as yarns fibers, filaments, and the fabrics. These textiles are counted as an essential aspect of technical textile and are extensively used in in-vehicle applications to promote aesthetic and ensure safety and quality. It is estimated that approximately 50 square yards of textile material are explicitly required on an average for various applications including coverings for seating areas headliners, tires, belts hoses, side panels, carpets and trunk, airbags and others. Other than the interior trim applications, these textiles are also ideal to be used to reinforce tires, hoses, safety belts and other such parts. Textile materials are used in preparation of covering material so as to ensure interior trim, promote comfort and for reinforcement. Technical textiles are considered to be one of the fastest growing segment owing to its properties and diversified use in automotive parts and components. With the growth of automotive industry and rising sales of vehicles, the demand for textiles is expected to rise.
A few major primary and secondary sources referred to for preparing this report on the Middle East & Africa automotive fabric market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are include Bader Gmbh and Co. KG, DK Leather Corporation Berhad, Lear Corporation, Martur and Sage Automotive Interiors Inc., Seiren Co., Ltd, Shawmut Corporation, Suminoe Textile Co., Ltd.
The Middle East & Africa Automotive Fabric Market is valued at US$ 375.10 Million in 2019, it is projected to reach US$ 505.25 Million by 2027.
As per our report Middle East & Africa Automotive Fabric Market, the market size is valued at US$ 375.10 Million in 2019, projecting it to reach US$ 505.25 Million by 2027. This translates to a CAGR of approximately 4.0 % during the forecast period.
The Middle East & Africa Automotive Fabric Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Automotive Fabric Market report:
The Middle East & Africa Automotive Fabric Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Automotive Fabric Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Automotive Fabric Market value chain can benefit from the information contained in a comprehensive market report.
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