The global automotive flooring market reached a value of US$686.1 million in 2021. IMARC Group expects the market to reach US$950.3 million by 2027.
SHERIDAN, WYOMING, USA, April 15, 2022 /EINPresswire.com/ — Automotive floor coverings represent carpets and rugs that are installed on the underside surface of automobiles to provide protection against dust, tears, dirt , wear, corrosion, etc. It is made from lightweight, low-density materials, such as nylon, polyurethane, vinyl, fiber, polypropylene, rubber, and rayon, which provide improved chemical and thermal stability. Automotive floor coverings are commercially available in different shapes, sizes, colors and designs and help to keep interiors clean, improve vehicle performance, reduce vibration transmission, etc.
Base year: 2021
Forecast year: 2022-2027
The global automotive flooring market reached a value of US$686.1 million in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$950.3 million by 2027, growing at a CAGR of 5.40% in 2022-2027.
Automotive Floor Coatings Market Trends and Drivers:
Increasing sales of automotive vehicles across the world are mainly driving the automotive flooring market. With this in mind, the growing awareness of product benefits, such as ease of maintenance, durability, customization, ease of availability, and protection against water, dirt, grime, etc., is catalysing further market growth.
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Additionally, the emerging trend of using eco-friendly materials in the manufacturing of carpets and rugs is also increasing the global market. In addition to this, the widespread adoption of polypropylene materials, due to their chemical stability, low density, cost-effectiveness, resistance to corrosion and chemical leakage, etc., acts as another contributing factor. significant growth.
In addition, the launch of various favorable initiatives by government bodies across the countries to provide safe and cost-effective product variants to consumers is expected to fuel the automotive flooring market in the coming years.
Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
2022-2027 Global Automotive Floor Coatings Market Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
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.
The report has segmented the market based on region, product, material, vehicle type, and distribution channel.
Breakdown by product:
• The rugs
Breakdown by material:
Breakdown by type of vehicle:
• Particular Cars
• Light commercial vehicles
• Heavy duty vehicles
Breakdown by distribution channel:
• Secondary market
Breakdown 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
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Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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