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Asia Pacific Automotive Fabrics Market Forecast 2019-2027

KEY FINDINGS
The Asia Pacific automotive fabrics market was valued at $XX million in 2018 and is projected to reach $XX million by 2027 at a CAGR of 4.79% during the forecasting years of 2019-2027. The Asia Pacific automotive fabrics market has witnessed significant growth due to increased production of automobiles in countries such as China and India.

MARKET INSIGHTS
China, India, Japan, South Korea, Australia and the remaining countries forming the Rest of APAC are considered for the market study. China offers tax incentives to consumers that make the electric vehicles more preferable to them in terms of price and further requires the automotive manufacturers to fill an EV quota, forcing them to prioritize EVs for the market, which will help in amplifying the utility of automotive fabrics in the China market.
In developing countries, OEMs provide the airbags and anti-lock braking system (ABS) as standard features to the vehicles for supporting the government standards for improving safety measures. This in turn increases the use of fabric material needed for in-vehicle safety features.

COMPETITIVE INSIGHTS
Adient PLC, Acme Mills Company Inc., Lear Corporation, Grupo Antolín-Irausa, S.A., Magna International Inc., Toyota Boshoku Corporation, Faurecia S.A, Martur Automotive Seating System, Heathcoat Fabrics Ltd., SRF Limited, Seiren Co. Ltd., and Suminoe Textile Co. Ltd. are the major companies which are operating in the market.
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Asia Pacific Automotive Fabrics Market Forecast 2019-2027
Published By :Inkwood Research
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