Automotive Textiles Industry Growth Rate Analysis and Key Players Forecast, 2014 - 2024.

The automotive textiles market is broadly categorized into four major segments based on the application type such as upholstery, tires, safety devices and engine components. The upholstery devices is considered as one of the fastest growing segment in the automotive textiles industry with substantial revenue generation in the last few years. Growing popularity of automotive textiles in the upholstery segment is attributed to the higher market penetration. The safety devices segment has also witnessed substantial growth due to the growing user awareness and stringent government regulation regarding adoption of safety features in the vehicles.

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Automotive textile market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in automotive sector, increase in the number of research & development activities in the region and existence of well-established industrial infrastructure. Asia-Pacific region is predicted to hold major market share in the automotive textiles with massive growth in forecast period. Countries such as India, China and Japan are leading the Asia-Pacific market with rapid industrialization, robust growth of automotive sector, favorable government laws & regulations, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the automotive textile industry are Trevira Co., E. I. du Pont de Nemours and Company, Sage Automotive Interiors, Inc., Baltex Ltd., Reliance Industries Ltd., Auto Textile S.A, Global Safety Textiles Co., SMS Auto Fabrics, Inc., Autoliv Co., Lear Co., Johnson Controls, Inc., Suminoe Textile Co., Ltd., ASGLAWO Technofibre, Inc., and CMI-Enterprises, Inc.

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