Automotive Flooring Market Size, Share, Analysis, Trends and Global Forecast 2022 to 2027
IMARC Group’s latest research report, titled “Global Automotive Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global automotive flooring market reached a value of US$ 686.1 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 950.3 Million by 2027, exhibiting a CAGR of 5.40% during 2022-2027.
Automotive flooring refers to carpets and mats that protect the bottom surface of automobiles from wear and tear, dirt, dust, and corrosion. It is manufactured using low-density, lightweight, and chemically and thermally stable materials, such as vinyl, fiber, polypropylene, nylon, rubber, and rayon. It is widely available in various sizes, colors, designs, and shapes. It helps improve performance, reduces vibration transmission, keeps the interior clean, and increases durability. As a result, automotive flooring is extensively installed in passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs) to enhance their aesthetics.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by product, material, vehicle type, distribution channel and region.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for automotive flooring market
- Strategies of major players and product offerings
The global automotive flooring market is primarily driven by increasing vehicle production and sales. Moreover, the surging adoption of automotive flooring owing to its durability, easy maintenance, customization, and resistance to water, dirt, and grim has augmented the product demand. Additionally, the increasing use of polypropylene material due to its chemical stability, low density, cost-effectiveness, and resistance to corrosion and chemical leaking is positively influencing the market growth. Besides this, several product innovations, such as the use of eco-friendly materials in the production of carpets and mats to improve performance and thermal stability, have accelerated the product adoption rate.
Furthermore, the rising consumer demand for high-end and luxury vehicles has catalyzed market growth. Other factors, including favorable government initiatives to provide safe and economical automotive floorings, increasing consumer expenditure capacities, and the rising need for customization, are also anticipated to propel the market growth.
Key Players Included in Global Research Report:
- 3M Company
- Auria Solutions (Shanghai Shenda Co. Ltd.)
- Auto Custom Carpets Inc.
- Autoneum Holding AG
- Borgers SE & Co. KGaA
- Conform Automotive
- Foss Performance Materials LLC (AstenJohnson Inc.)
- German Auto Tops Inc.
- Hyosung Corporation
- Suminoe Textile Co. Ltd.
- Toyota Boshoku Corporation
- Walser GmbH.
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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Segmentation:
Breakup by Product:
- Carpets
- Mats
Breakup by Material:
- Polyurethane
- Polypropylene
- Nylon
- Rubber
- Others
Breakup by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Breakup by Distribution Channel:
- OEM
- Aftermarket
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
TOC for the Automotive Flooring Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Automotive Flooring Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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