Market Overview 2022-2027:
The latest research study “Global Automotive Flooring Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that 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.
Industry Definition and Application:
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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What are the major market drivers in the automotive flooring market?
The market is primarily driven by the expanding automotive sector. This can be attributed to the increasing population and rising disposable income of individuals across the globe. In addition, the growing awareness regarding the benefits provided by the product, including ease of availability, easy maintenance, durability, customization, and protection from water, dirt, and grime, is contributing to the market growth. Moreover, several product innovations, such as the utilization of eco-friendly materials to produce carpets and mats, which offer improved performance and thermal stability, are providing a thrust to the market growth.
Besides this, the widespread adoption of polypropylene material due to its chemical and thermal stability and resistance to corrosion and chemical leaking is propelling the market growth. Furthermore, the implementation of numerous government initiatives to offer safe and economical automotive floorings and the rising need for customization are creating a positive market outlook across the globe.
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| 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 |
| Regional scope | North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
| Key companies profiled | 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. |
| 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. |
Report Segmentation:
The report has segmented the market on the basis of region, product, material, vehicle type and distribution channel.
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
List of Major Key Players:
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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