Research Report on Global Automotive Mats Market Size & Share Driven by Thriving Automotive and Construction Industries 2017-2022

Dublin 2, Ireland, 2018-Jul-12 — 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 FactMR offers in-depth analysis on the Global Automotive Mat Market for the Forecast Period 2017 To 2022.

According to the report, the global automotive mat market is projected to register steady CAGR through 2022. Increasing disposable income of the middle-class population, especially in China and India, has driven the adoption of cars across these regions. This has resulted into a rise in demand for accessories including airbags, seat belts, covers, and mats. In addition, adoption of mobility solutions such as e-sharing and carpooling, particularly across cities with huge pressures on infrastructure have been influencing car sales, thereby its accessories. Such factors are likely to boost adoption of automotive mats in the near future. FactMR’s report estimates the global automotive mat market to surpass revenues worth US$ 25,000 Mn in 2017; by 2022 this number is expected to exceed US$ 30,000 Mn.

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The automotive mats market is riding on the coattails of industry-wide shift toward lighter, efficient, and aesthetically-pleasing features. As automotive mats and other accessories garner consumer attention, an opportunity to capture profit potential is in the offing for automakers and suppliers. Automotive mats remain one of the highest-selling accessories in terms of volume, but their low average selling price doesn’t translate into heavy revenues and profit. As end-user demand evolves, floor mats that are custom-fit, offer edge-to-edge protection, and add to the aesthetic quotient of the vehicle.

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.

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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.

Needle-punched Designs will rake High Profits

Based on the design, the global market for automotive mats is anticipated to see dominance of needle-punch design technology. With more than one-half share, the global sales of automotive mats in 2017 will be dominated by needle-punch designs. The other half of the market revenues will be procured from sales of automotive mats with non-skid designs. Preference to non-skid designs will be high among manufacturers of commercial vehicles. Passenger cars will continue to come with needle-punched automotive mats in the years to come. Likewise, more than two-third of the global market value will be accounted by revenues from sales of automotive mats in passenger cars.

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.

Table of Contents

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………………………Continued

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