Global Automotive Flooring Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
6 Jun, 2023
The global automotive flooring market size 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automotive flooring market size is expected to reach $1.51 billion in 2027 at a CAGR of 4.8%.
Global Automotive Flooring Market Key Driver
The increasing production and sales of vehicles are expected to propel the growth of the automotive flooring market going forward. Vehicle production and sales relate to the process of producing automobiles and making them accessible for purchase on the market. Population expansion, rising wages, changes in consumer preferences, and government policies all contribute to increased demand for automobile flooring, which improves the interior of the car. For instance, in May 2022, according to International Energy Agency (IEA), a France-based autonomous intergovernmental organization, the sales of electric cars increased in 2021, and in China, the sales of cars tripled to 3.3 million, which accounts for half of the global vehicles demand. Therefore, the increasing production and sales of vehicles will fuel the automotive flooring market growth.
Get a sample of the global automotive flooring market reportGlobal Automotive Flooring Market Segments
The global automotive flooring market is segmented:
1) By Product: Carpet, Mats
2) By Material: Polyurethane, Polypropylene, Rubber, Nylon
3) By Distribution Channel: OEM (Original Equipment Manufacturer), Aftermarket
4) By Application: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
5) By Geography: The regions covered in the automotive flooring market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global automotive flooring market.
Major Automotive Flooring Industry Players
3M Company, Toyota Boshoku Corporation, Auto Custom Carpet Inc., Autoneum Holding AG, Apache Mills Inc., Hyosung Corporation, Conform Automotive LLC, WALSER GmbH, Auria Solutions Ltd., Feltex Carpets Ltd., Foss Performance Materials LLC, Autotech Nonwovens Private Limited, Grupo Antolin Irausa SA, Hayakawa Eastern Rubber Co. Ltd., Hayashi Telempu Corporation, International Automotive Components Group SA, GAHH LLC, German Auto Tops Inc., Suminoe Textile Co. Ltd., Synova Carpets LLC, Faurecia SA, Derby Fabricating Solutions LLC
Get the full global automotive flooring market reportAutomotive Flooring Market Overview
Automotive flooring refers to the carpets or mats that are created and used inside the vehicle. It can protect the original surface from dirt, wear, and corrosion. It is commonly used to keep the vehicle clean and it also gives aesthetic appeal to the vehicle's interior.
Automotive Flooring Global Market Report 2023 provides data on the global automotive flooring market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive flooring market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.