Automotive Flooring Market to Witness Heightened Revenue Growth During the Forecast Period 2023-2031 | Hayakawa Eastern Rubber, Feltex Automotive, Autotech Nonwovens

The global automotive flooring market size was US$ 1.3 billion in 2021. The global automotive flooring market size is estimated to reach US$ 2.1 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2022 to 2030.

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Automotive flooring can also refer to mats and carpets that are created and used inside an automobile to protect the original surface from wear, dirt, rust, and more. The usage of automotive flooring not only increases the aesthetic charm of the interior of the automobile but also maintains its cleanliness. Automotive interiors are available in various designs and materials such as nylon, polypropylene, rubber, and polyurethane. They are also obtainable in various colors, shapes, and sizes.

Factors Influencing Market Growth

? The increase in awareness about vibration, noise, and harshness (NVH) and an upsurge in the need for environment-friendly materials are expected to drive the overall market expansion.
? Volatile costs of raw materials and an upsurge in resistance to the use of leather are anticipated to restrict the expansion of the global market
? The increase in the need for low-weight automotive materials to decrease vehicle pollution and the rise in demand for electric vehicles is anticipated to drive the overall market expansion.

Effect of the COVID-19 Pandemic

The COVID-19 outbreak severely impacted the overall market growth. Governments across the world enforced rigid lockdowns and made social distancing compulsory. Therefore, many associations began work-from-home programs as a precautionary step. This directed to a sudden drop in international demand for traveling, which has influenced the global market However, the vaccination drive allowed the lowering of obstacles to economic activity, as well as domestic and global travel. As the lockdown was lifted, travel retrieved fast leading to an expansion in vehicle commutation, which is anticipated to drive the overall market growth.

Regional Insights

Asia Pacific recorded the highest market share of the global market. This attributed to growing automotive manufacturing in India, China, and South Korea, mixed with the increasing demand for improved passenger comfort and safety in cars.

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Leading Competitors

The prominent players in the global automotive flooring market are:

? Hayakawa Eastern Rubber
? Feltex Automotive
? Autotech Nonwovens
? IDEAL Automotive GmbH
? TOYOTA BOSHOKU CORPORATION
? ACME Mills Company
? Auto Custom Carpet Inc
? LEAR CORPORATION
? Magna International
? Shanghai Shenda
? Others

Segmentation Analysis

The global automotive flooring market segmentation focuses on Product, Application, Material, Sales Channel, and Region.

Segmentation on the basis of Product
? Carpet
? Mats

Segmentation on the basis of Application
? Light Commercial Vehicles
? Heavy Commercial Vehicles
? Passenger Cars

Segmentation on the basis of Material
? Rubber
? Polyurethane
? Polypropylene
? Nylon
? Others

Segmentation on the basis of Sales Channel
? Aftermarket
? OEM

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Segmentation on the basis of Region
? North America
? The U.S.
? Canada
? Mexico
? Europe
? Western Europe
? The UK
? Germany
? France
? Italy
? Spain
? Rest of Western Europe
? Eastern Europe
? Poland
? Russia
? Rest of Eastern Europe
? Asia Pacific
? China
? India
? Japan
? Australia & New Zealand
? ASEAN
? Rest of Asia Pacific
? Middle East & Africa (MEA)
? UAE
? Saudi Arabia
? South Africa
? Rest of MEA
? South America
? Brazil
? Argentina
? Rest of South America

Key questions answered in the global market report are:

-- How does a global company acquire markets?
-- What are its core strategies and policies?
-- What factors will influence the market over the forecast period?
-- What are the factors driving and restraining the market?
-- What are the leading competitors in the global market?
-- Which region is growing at a higher pace in the global market?

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