The latest research study by IMARC Group, “Automotive Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global automotive flooring market share. 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 Industry Outlook:
Automotive flooring refers to mats and carpets installed on the bottom surface of automobiles to protect against damage, wear, tear, dirt, and corrosion. They are made from vinyl, fiber, rayon, polypropylene, aluminum, nylon, rubber, and polyurethane. They are produced using low-density, lightweight, durable, corrosion-resistant materials with thermal and chemical stability. They also minimize vibration transmission, provide comfort, improve car aesthetics and value, and are commercially available in varying sizes, designs, shapes, and colors. Owing to these benefits, automotive flooring is widely adopted in various types of vehicles, such as passenger cars (PCs), heavy commercial vehicles (HCVs), and light commercial vehicles (LCVs) across the globe.
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Market Trends:
The market is primarily driven by the significant expansion in the automotive industry on account of the rising expenditure capacities of individuals and the increasing population. In addition, the growing use of polypropylene material owing to its benefits, such as resistance to corrosion and chemical leaking, and escalating demand for customized automotive flooring solutions for enhancing the aesthetic value of vehicles is contributing to the market growth.
Moreover, various product innovations, such as the use of eco-friendly materials for manufacturing vehicles with improved performance, efficiency, and safety, represent another major growth-inducing factor. Besides this, the increasing utilization of heat and noise insulation in crossover sports utility vehicles (SUVs) and off-roaders for enhancing vehicle ride quality, comfort, and durability is providing a positive thrust to the market growth.
Furthermore, the implementation of several government initiatives to provide economical and safe automotive floorings and mergers and acquisitions (M&A) among key market players to produce flexible, lightweight, cost-effective material are also creating a favorable market outlook.
| Automotive Flooring Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 686.1 Million |
| Market forecast in 2027 | US$ 950.3 Million |
| Growth Rate | CAGR of 5.40% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Product, Material, Vehicle Type, Distribution Channel and Region |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
| Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Market Segmentation:
The report has been segmented the market into following categories:
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 Geography:
- 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
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List of Key Companies Covered in this Market Report:
The major players in the market are 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 and Walser GmbH.
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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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