Press release
Global Automotive Mats Market Research Report 2017: Industry Expected to Reach Roughly US$ 33.7 Bn by 2022-end
Fact.MR
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Automotive mats, also known as vehicle mats, are designed and manufactured to prevent the interior of vehicles from water, dirt and corrosion, safeguarding valuable investment of the customers. The demand for high-quality automotive mats, particularly in passenger vehicles, is gaining an uptick, with customers becoming more concerned about hygiene and aesthetics related to interior of their vehicles. With recent advancements in automotive fabric, adoption of nano-materials is on a rise owing to their enhanced properties. In addition, growing preference for green technology has led the market for automotive mats towards eco-friendly technologies. A recent report by Fact.MR offers in-depth analysis on the global automotive mat market for the forecast period 2017 to 2022.
An automotive mat is a type of cover used in the interior of a vehicle to keep it free from dirt and moisture. Available in different forms, floor mats remain a standard on vehicles, and can also be purchased in the aftermarket.
Among all the interior car part accessories included with the purchase of vehicles, automotive mats are expected to be at the top of this list. However, manufacturers of automotive mats are struggling to eliminate predominant flaws such as seepage issues and staining, which is common for rubber as well as fabric products.
The Fact.MR report on global automotive mats market also projects that during the forecast period, 2017-2022, the market will be unable to witness vigorous growth. In 2017, the global market for automotive mats is expected to reach US$ 26.6 Bn. Although, the market is poised to soar at a steady yet moderate CAGR, reaching US$ 33.7 Bn value by the end of 2022.
Higher Preference to Rubber Mats
From a manufacturing viewpoint, the production of rubber mats is crippled with strict procurement laws on raw rubber materials. The adverse ecological imprint of rubber dumping, coupled with higher toxic emissions in production of rubber automotive mats, is also expected to restrain the market’s overall growth. In 2017, a little less than 45% of the global automotive mat revenues are anticipated to get translated from sales of rubber mats. Rubber, as a raw material, is witnessing greater preference among manufacturers as well as car buyers. Its competitive advantage over plastic automotive mats in terms of reusability and design flexibility is also expected to boost the sales of rubber automotive mats. While rubber mats will procure global revenues worth nearly US$ 15 Bn by the end of 2022, the revenue growth of plastic materials segment is likely to reflect a moderate CAGR.
5D Automotive Mats Set to Lose Traction
The report highlights the falling share of 5D automotive mats on global market revenues throughout the forecast period. Complex production and one-time usability of 5D automotive mats is expected to turn manufacturers away. Moreover, automobile manufacturers are reluctant to provide vehicles with five dimensional matting as buyers are expected to be drawn towards interior modifications after purchase of the vehicle.
Through 2022, 5D automotive mats are anticipated to showcase a sluggish revenue growth, which will reflect a listless CAGR. On the other hand, demand for 3D automotive mats is expected to gain steady traction, accounting for approximately one-fourth of the global automotive mats market by 2022-end. The market is expected to witness largest demand for standard mats, revenues from which will bring in US$ 18.7 Bn towards the end of the assessment period.
Competition Tracking
The report has also profiled leading manufacturers of automotive mats, which include companies such as Covercraft, BDK Auto, Exact Mats, Husky liners Inc., Kraco enterprise, MacNeil automotive product ltd, Lund International, and Max Liners.
Browse Full Report with TOC @https://www.factmr.com/report/2/automotive-mats-market
Table of Content
Chapter 1 Global Automotive Mat Market - Executive Summary 14
Chapter 2 Global Automotive Mat Market Overview 16
2.1 Introduction 16
2.1.1 Global Automotive Mat Market Taxonomy 16
2.1.2 Global Automotive Mat Market Definition 16
2.2 Global Automotive Mat Market Size (US$ Mn) and Forecast, 2012-2022 17
2.2.1 Global Automotive Mat Market Y-o-Y Growth 17
2.3 Global Automotive Mat Market: Macroeconomic Factors 17
2.3.1 Economic Outlook 17
2.3.2 Profitability of Enterprises 18
2.3.3 Inflation and Deflation 18
2.3.4 Supply chain Issues 18
2.4 Global Automotive Mat Market Dynamics 18
2.4.1 Drivers 18
2.4.1.1 The Influence of China 18
2.4.1.2 Increasing Purchasing Power of Middle Class 19
2.4.2 Trends 19
2.4.2.1 Adoption of New Mobility Solutions 19
2.4.2.2 Focus on Granular Insights – City-wise Analysis will replace Region-wise Analysis 19
2.4.2.3 Rising Complexity Influencing Greater Emphasis on Platformimg 20
2.5 Supply Chain 21
2.6 Cost Structure 21
2.7 Pricing Analysis 21
2.8 Raw Material Sourcing Strategy and Analysis 22
2.9 List of Distributors 22
2.10 Key Participants Market Presence (Intensity Map) By Region 22
2.11 Competitive Assessment and Technology Trends in Future 22
Continue…@@
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Automotive Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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