Latin America Automotive Textiles Market Size & Outlook

The automotive textiles market in Latin America is expected to reach a projected revenue of US$ 1,712.0 million by 2030. A compound annual growth rate of 3% is expected of Latin America automotive textiles market from 2022 to 2030.
Revenue, 2021 (US$M)
$1,313.0
Forecast, 2030 (US$M)
$1,712.0
CAGR, 2022 - 2030
3%
Report Coverage
Latin America

Latin America automotive textiles market highlights

  • The Latin America automotive textiles market generated a revenue of USD 1,313.0 million in 2021.
  • The market is expected to grow at a CAGR of 3% from 2022 to 2030.
  • In terms of segment, upholstery was the largest revenue generating application in 2021.
  • Safety devices is the most lucrative application segment registering the fastest growth during the forecast period.
  • Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.


Latin America data book summary

Market revenue in 2021USD 1,313.0 million
Market revenue in 2030USD 1,712.0 million
Growth rate3% (CAGR from 2021 to 2030)
Largest segmentUpholstery
Fastest growing segmentSafety devices
Historical data covered2018 - 2020
Base year for estimation2021
Forecast period covered2022 - 2030
Quantitative unitsRevenue in USD million
Market segmentationUpholstery, Tires, Safety devices, Engine Components, Other
Key market players worldwideLear Corp, Johnson Controls International PLC, Toyota Boshoku Corp, DuPont de Nemours Inc, Asahi Kasei Corp, Reliance Inc, Autoliv Inc, Acme Mills, International Textile Group, Autoneum, Autotech Nonwovens, Suminoe Textile, CMI Enterprises, Asglawo, Baltex, Global Safety Textiles, SMS Auto Fabrics


Other key industry trends

  • In terms of revenue, Latin America region accounted for 4.5% of the global automotive textiles market in 2021.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 19,047.7 million by 2030.

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Automotive Textiles Market Scope

Automotive Textiles Market Companies

Name Profile # Employees HQ Website

Latin America automotive textiles market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive textiles market will help companies and investors design strategic landscapes.


Upholstery was the largest segment with a revenue share of 54.77% in 2021. Horizon Databook has segmented the Latin America automotive textiles market based on upholstery, tires, safety devices, engine components, other covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Latin America automotive textiles market databook

  • Our clientele includes a mix of automotive textiles market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America automotive textiles market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America automotive textiles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America automotive textiles market size, by country, 2018-2030 (US$M)

Latin America Automotive Textiles Market Outlook Share, 2021 & 2030 (US$M)

Latin America automotive textiles market size, by country, 2018-2030 (US$M)

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