Automotive Flooring Market Statistics and Analysis | Industry Research Report, 2017 - 2024: Global Market Insights Inc.

Automotive Flooring Market size is anticipated to gain unexpected growth in the forecast period owing to rapidly increasing automotive industry across the world during this time. Further, the shifting customers preferences towards improved passenger luxury and automobile aesthetics is expected to drive the industry growth in the forecast period.

Growth in technological advances in flooring systems for sports utility vehicles (SUVs) as well as off-roaders to improve the vehicle sturdiness, ride-quality, comfort and safety is predictable to boost the demand for locomotive flooring. The automotive industry is also being observing significant demand for customized flooring systems for enrichment of ergonomic value of passenger cabins triggering the industry growth.

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Polyurethane holds significant market share owing to the increased use of PU for the manufacturing of flooring products and auto components. The mechanical and superior chemical properties and rising demand for noise insulating constituents is anticipated to drive polyurethane demand in the forecast period.

The mats segment on the industry is slated to upsurge at the higher pace in the near future. The development can be accredited to the growing demand for noise lessening mats, along with the changing focus of vehicle manufacturers in the direction of improvisation of ride quality, enhancement of comfort levels and advancement in the durability.

North America held substantial share of the overall industry revenues, chiefly due to the retrieval of the U.S. automobile industry as well as the rising vehicle production in Mexico and the U.S. Mexico is projected to fuel the regional industry growth attributed to the increasing luxury cars production.

Increasing manufacture of HCV and LCV in Asia Pacific region is anticipated to propel the product demand in commercial automobiles, mostly on account of the occurrence of a huge number of foremost OEMs in economies including China and India. The rising demand for automobiles in emerging countries can be ascribed to the swift industrialization, growing working population, and increasing middle-income level groups.

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Key Players of automotive flooring market 3M Company, Low & Bonar, DuPont, ACC and AGM Automobile. The crucial strategies implemented by the industry players includes distribution and acquisitions agreements. AGM Automobile acquired Durmont Austria, a textile producer involved in the manufacture of carpets for locomotive applications and commercial building.

Automotive Flooring Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, Spain, Italy, Russia, Poland, China, India, Japan, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, Qatar, Kuwait, UAE), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024

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