Automotive Mats Market: Soaring Demand Assures Motivated Revenue Share during 2017-2022 | Competition Landscape- overcraft, BDK Auto, Exact Mats, Husky liners Inc., Kraco enterprise, MacNeil automotive product ltd, Lund International, and Max Liners.

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.

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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. Fact.MR’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.

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.

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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.

6 Estimations about the Global Automotive Mat Market

Rubber will remain preferred material for automotive mats in the market, followed by plastic and PVC. Revenues from sales of rubber mats will surpass US$ 10,000 Mn in 2017. Demand for metal mats in the market will remain sluggish during the forecast period.
By type, standard mats will continue to be sought-after on the back of their cost-effectiveness and availability in the market. Sales of standard mats will exhibit a comparatively higher CAGR than other automotive mat-type segments.
Based on design, the market is bifurcated into needle-punched and non-skid automotive mats. Sales of needle-punched automotive mats is estimated to reach revenues worth US$ 13,991.9 Mn in 2017. Needle-punched automotive mats are expected to witness largest adoption in Asia Pacific excluding Japan (APEJ), owing to the potential for growth of automotive industry in APEJ countries such as China and India.
Sales of automotive mats in passenger cars will account for largest revenues in the market, followed by LCV and HCV segments. In addition, revenues from sales of automotive mats in LCVs and HCVs will collectively account for US$ 7,035.3 Mn in 2017, with the former being more lucrative than the latter.
APEJ will remain dominant in the global automotive mat market, expanding at a high single-digit CAGR through 2022. In addition, North America is expected to be the second largest market for automotive mats, with sales estimated to reach nearly US$ 7,500 Mn by 2022-end
Key market players identified in Fact.MR’s report include Auto Customs Carpets, Inc., BDK Auto, Covercraft Industries, LLC, ExactMats, Husky Liners, Inc., Intro-Tech Automotive, Kraco Enterprises, LLC, Lloyd Mats, MacNeil Automotive Products Limited, Shanghai Junda Auto Decoration Co. Ltd., Maxliner USA, and Truck Hero, Inc.
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

Chapter 3 Global Automotive Mat Market Analysis and Forecast By Material type 24
3.1 Global Automotive Mat Market Size and Forecast By Material type, 2012-2022 24
      3.1.1 Rubber Mats Automotive Mat Market Size and Forecast, 2012-2022 24
              3.1.1.1 Revenue (US$ Mn) Comparison, By Region 24
              3.1.1.2 Market Share Comparison, By Region 26
              3.1.1.3 Y-o-Y growth Comparison, By Region 27
      3.1.2 Plastic Mats Automotive Mat Market Size and Forecast, 2012-2022 28
              3.1.2.1 Revenue (US$ Mn) Comparison, By Region 28

Continued…….

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