Insights Into The Automotive Flooring Market’s Growth Opportunities Through 2023-2032 – Includes Automotive Flooring Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Rising vehicle production and sales are likely to spur innovation in automotive flooring manufacturing, propelling the market during the forecast period.
The global automotive flooring market is expected to grow from $1.19 billion in 2022 to $1.25 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The global automotive flooring market size is expected to reach $1.51 billion in 2027 at a CAGR of 4.8%.
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Global Automotive Flooring Market Segments Include:
- By Product: Carpet, Mats
- By Material: Polyurethane, Polypropylene, Rubber, Nylon
- By Distribution Channel: OEM (Original Equipment Manufacturer), Aftermarket
- By Application: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global automotive flooring market in 2021.
Major Market Players in the automotive flooring market include 3M Company, Toyota Boshoku Corporation, Auto Custom Carpet Inc., Autoneum Holding AG, Apache Mills Inc., Hyosung Corporation, Conform Automotive LLC, WALSER GmbH.
Technological advancement is a major trend that is gaining traction in the automotive flooring market. To strengthen their market position, major market players are focusing their efforts on supplying technologically advanced products. For example, in November 2021, Autenuem, a Swiss automotive supplier, developed Flexi-Loft, a revolutionary technology that uses a blend of functional fibres and recycled cotton to create a felt-based material. By reducing total weight and improving adaptability, this new technology provides a versatile and sustainable alternative for automotive carpets.
The Automotive Flooring Global Market Report 2023 provides a automotive flooring market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive flooring market forecast analyzes automotive flooring market size, automotive flooring market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The carpets or mats used inside vehicles are referred to as automotive flooring. It can guard against filth, wear, and corrosion on the original surface. It is widely used to maintain the vehicle clean while also adding visual appeal to the interior.
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