Press release
Automotive Flooring Market Report 2024-2033: Size, Share, Growth, Trends, Analysis, Demand, Forecast, Key Players
Automotive Flooring Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $1.6 billion In 2028 At A CAGR Of 4.9%.
The automotive flooring market size has grown strongly in recent years. It will grow from $1.25 billion in 2023 to $1.32 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to material innovation, safety and comfort, design and aesthetics, environmental sustainabilit, global economic trends..
The automotive flooring market size is expected to see steady growth in the next few years. It will grow to $1.6 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to shift towards electric vehicles (evs), rising focus on autonomous vehicles, market globalization and regional preferences, sustainability and environmental concerns, changing consumer lifestyles and preferences.. Major trends in the forecast period include influence of consumer behavior, environmental sustainability, aesthetic design and luxury, focus on comfort and ergonomics, innovative material development..
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Automotive Flooring Market Major Segments
The automotive flooring market covered in this report is segmented -
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
Key Driver - The Booming Automotive Flooring Market Fueled By Soaring Vehicle Production And Sales
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. For instance, in May 2022, according to International Energy Agency (IEA), a France-based autonomous intergovernmental organization, the sales of electric cars increased in 2021, and in China, the sales of cars tripled to 3.3 million, which accounts for half of the global vehicles demand. Therefore, the increasing production and sales of vehicles will fuel the automotive flooring market growth.
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Prominent Trend - Revolutionizing Automotive Flooring The Rise Of Technological Advancements In The Market
Technological advancement is a key trend gaining popularity in the automotive flooring market. Major market players are concentrating their efforts on offering technologically advanced products to strengthen their position in the market. For instance, in November 2021, a Switzerland-based automotive supplier, Autenuem launched a novel technology called Flexi-Loft which utilizes a blend of functional fibers and recycled cotton to produce a felt-based material. This innovative technology offers a flexible and sustainable solution for automotive carpets by reducing overall weight and providing better adaptability.
Automotive Flooring Market Players
Major companies operating in the automotive flooring market report are 3M Company, Toyota Boshoku Corporation, Auto Custom Carpet Inc., Autoneum Holding AG, Apache Mills Inc., Hyosung Corporation, Conform Automotive LLC, WALSER GmbH, Auria Solutions Ltd., Feltex Carpets Ltd., Foss Performance Materials LLC, Autotech Nonwovens Private Limited, Grupo Antolin Irausa SA, Hayakawa Eastern Rubber Co. Ltd., Hayashi Telempu Corporation, International Automotive Components Group SA, GAHH LLC, German Auto Tops Inc., Suminoe Textile Co. Ltd., Synova Carpets LLC, Faurecia SA, Derby Fabricating Solutions LLC, Borgers Ltd., Freudenberg & Co., ACME Mills Company, IDEAL Automotive GmbH, Kotobukiya Fronte Co. Ltd., Lear Corporation, Magna International Inc. .
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the automotive flooring market in 2023. Asia-Pacific is expected to be the fastest-growing region in the automotive flooring market report during the forecast period. The regions covered in the automotive flooring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automotive Flooring Market Report Structure
3. Automotive Flooring Market Trends And Strategies
4. Automotive Flooring Market - Macro Economic Scenario
5. Automotive Flooring Market Size And Growth
…..
27. Automotive Flooring Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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