North America Automotive Headliners Market to grow at 4.4% CAGR from 2020 to 2026: Graphical Research North American Automotive Headliners Market size is anticipated to exceed USD 2.8 billion by 2026, according to a latest forecast report by Graphical Research. The increasing production of automobiles and the rising focus on weight reduction along with carbon footprint alleviation are some of the key factors estimated to drive the automotive headliners market growth. North America produced over 12.8 million motor vehicles in 2019 and the U.S. was the major producer with 10.9 million vehicles. Therefore, a large fleet production and felicitous properties, such as lightness, superior stiffness, and strength & durability offered by recent plastics are fueling the adoption of automotive headliners as a viable interior solution. Additionally, stringent regulations regarding vehicle emissions are steering manufacturers towards building lightweight automobiles. Besides, a 10% reduction in the weight of a passenger car may result in a 6% - 8% improved fuel efficiency and some 10% in the instance of electric cars. Current plastics and composites play a critical part in the evolution of innovative and energyefficient automobiles. Therefore, to mitigate the environmental impacts and reduce the carbon footprint, major manufacturers are using green ingredients for interior components. For instance, Ford Motors used bio-based polyurethane foams in some of their vehicles to reduce vehicle weight and carbon emission along the way.
On the other hand, the high cost of cutting-edge headliners and other overhead systems may create restraints for the market growth. Moreover, the reduced demand for automobiles due to the outbreak of COVID-19 has affected the automotive headliners market size significantly. The imposed lockdowns and restricted movement led to a shortage in raw materials resulting in declined vehicle production. This, in turn, severely affected the headliners market and the sales plummeted by over 21% in 2020. However, improving economic conditions and boosting consumer spending power is expected to improve the sales of automobiles in the approaching years. Hence, the consumption of automotive headliners has been projected to increase with an over 12% revival rate in 2021. Fabrics segment will witness more than a 4.5% CAGR from 2020 to 2026. A range of factors is considered while determining the suitable material and some of these include low VOC, ventilation, safety, and geography. Government policies and regulations force manufacturers to use material with a small number of VOCs in the production of headliners and interiors of vehicles. Since fabrics are a worthwhile solution for reducing vehicle weight along with carbon footprint, the material is widely preferred by several auto manufacturers. Some of the fabrics used for headliners include synthetic cloth, foam-backed cloth, Alcantara, wool cloth, and others. 1|Page