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Automotive Flooring Market 2023 - Market Competitive Analysis, Growth Drivers, Share, Trends, And Forecast To 2032
Automotive Flooring Market Analysis
Automotive Flooring Market Size, Growth Rate, And Forecast
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%.
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Automotive Flooring Market Drivers
The increasing production and sales of vehicles are expected to propel the growth of the automotive flooring market going forward. Production and sales of vehicles refer to the process of manufacturing vehicles and making them available for purchase in the market. The increased production and sales of the vehicles are mostly driven by population growth, rising incomes, changes in consumer preferences, and government policies leading to increasing demand for automotive flooring as it enhances the interior of the vehicle.
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Automotive Flooring Market Segments
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
● By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the automotive flooring market.
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Automotive Flooring Market Key Players
Major competitors in the automotive flooring market include 3M Company, Toyota Boshoku Corporation, Auto Custom Carpet Inc., Autoneum Holding AG, Apache Mills Inc., Hyosung Corporation.
The Business Research Company's "Global Automotive Flooring Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive Flooring Market Include:
1. Executive Summary
2. Automotive Flooring Market Characteristics
3. Automotive Flooring Market Trends And Strategies
4. Automotive Flooring Market - Macro Economic Scenario
5. Automotive Flooring Market Size And Growth
.....
26. Africa Automotive Flooring Market
27. Automotive Flooring Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Flooring Market
29. Automotive Flooring Market Future Outlook and Potential Analysis
30. Appendix
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