The rapidly growing automotive industry across the globe has been and is expected to drive the overall market growth. Further, the changing consumer preferences towards enhanced passenger comfort and vehicle aesthetics is anticipated to propel market growth over the forecast period.
The Global Automotive Flooring Market is expected to reach USD 947.4 million by 2025, according to a new report by Grand View Research, Inc.
The Global Automotive Flooring Market is expected to reach USD 947.4 million by 2025, according to a new report by Grand View Research, Inc.
The increasing use of insulating mats and related products for carpet protection, comfort, and aesthetics in passenger cars is expected to drive the product demand in the near future. The growing importance of noise reduction and thermal insulation is also expected to have positive impacts on the product demand during the forecast period.
The demand for floor carpets in automobiles for the protection of floor is directly proportional to the demand for vehicles. The increasing production of LCV and HCV in Asia Pacific is expected to drive the product demand in commercial vehicles, mainly on account of the presence of a large number of major OEMs in economies such as China and India.
The industry is expected to witness the highest growth in the mats product segment, expected to grow at a CAGR of 6.0% during the forecast period, in terms of revenue.
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Carpets accounted for the largest share among products, and this segment is slated to grow at a CAGR of 5.0% during the forecast period, mainly driven by automotive production and the growing need for advanced carpeting solutions for NVH reduction and sound damping.
Top Players of Automotive Flooring Market:
The presence of key manufacturers with a massive geographical reach such as ACC, AGM Automotive, and 3M Company, with a gamut range of carpets and mats, is expected to drive the overall industry demand over the forecast period.
Market Segmentation of Automotive Flooring Market:
The Automotive Flooring Market segmented on the basis of Material, Product, Application, and Region.
By Material:
Polyurethane
Polypropylene
Nylon
Rubber
By Product:
Carpets
Mats
By Application:
Cars
LCV
HCV
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