The Global Automotive Flooring Market is projected to reach USD 1.32 billion in 2027. The fast-growing automotive industry across the globe is expected to drive overall growth in the market. Additionally, the increasing customer preferences towards improved passenger comfort and vehicle aesthetics are expected to fuel market growth over the forecast period.
Increasing the use of insulating mats and related items in passenger cars for carpet safety, comfort, and aesthetics is expected to boost demand for the product soon. Over the forecast era, the growing importance of noise reduction and thermal insulation is also likely to have a positive effect on product demand. The aesthetically pleasing design and easy maintenance are features expected to drive the popularity of automotive flooring.
The demand for flooring carpets in automobiles for floor protection is directly proportional to vehicle demand. Rising production of vehicles in Asia Pacific is expected to drive product demand, mainly due to the presence of developing countries. The global automotive flooring market is guided by players implementing strategies such as better growth plans, successful alliances, product releases, joint ventures, diverse branding, investments, mergers acquisitions, and RD.
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Further key findings from the report suggest
- The introduction of diverse technology in the development of automotive flooring is expected to offer new growth prospects to market players in the near future.
- The rise of the global market for automotive flooring is propelled by main factors such as longevity, clean interiors, increased durability, and low maintenance have led to the product's growing penetration in automobile applications.
- All of the major market players have spent heavily in RD initiatives in recent years, contributing to the invention of multiple innovative products. Major players plan to expand their product range by strategic mergers and small and medium-sized business acquisitions. So an intense rivalry among players is expected in the coming years.
- In 2018, Godfrey Hirst Group (Australia), i.e., acquired by Mohawk Industries Australia's largest manufacturer of carpets, to expand its global operations. Godfrey Hirst's expertise in production, marketing, and distribution complements Mohawk's current hard surface distribution and enhances its product range.
Competitive Landscape:
This reflects a growing consumer preference for comfortable and quiet rides, which is becoming increasingly important to car manufacturers. The importance of floor carpets in enhancing ride comfort and reducing noise levels cannot be overstated. These carpets play a crucial role in reducing friction and structure-borne vibrations, which can make for a more comfortable and enjoyable driving experience. Additionally, the ability of carpets to absorb internal noise factors such as engine sounds and vibrations is critical to improving overall ride efficiency.
some leading companies operating in the global Keyword market:
DuPont, Toyota Boshoku Corporation, The 3M Company, AGM Automotive LLC, Faurecia SA, Apache Mills, Inc., Derby Fabricating Solutions, LLC, HP Pelzer Automotive System Inc., Corry Rubber Corporation, Freudenberg Performance Materials, among others.
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As the automotive industry continues to evolve and consumer preferences shift towards more comfortable and quieter rides, we can expect to see further growth in both the mats and carpets segments of the market. Manufacturers will continue to invest in research and development to produce more efficient, durable, and effective noise suppression mats and floor carpets, which will help to meet the changing needs of consumers.
The global market is further segmented into type and application:
Product Type Outlook (Revenue, USD Billion; 2019-2027)
- Mats
- Carpets
- Others
Material Outlook (Revenue, USD Billion; 2017-2027)
- Nylon
- Polyurethane
- Polypropylene
- Rubber
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Passenger Cars
- Heavy Commercial Vehicles
- Light Commercial Vehicles
- Others
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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