openPR Logo
Press release

Automotive Carpeting and Roofing Market to Grow at a CAGR of 5.9% through 2025

12-05-2017 01:27 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Automotive Carpeting and Roofing Market to Grow at a CAGR of 5.9%

With top players holding over 50% share in 2016, the global automotive carpeting and roofing market exhibits a fairly consolidated vendor landscape. These companies were Faurecia, Lear Corporation, Autoneum Holding Ltd., and Magna International Inc., finds Transparency Market Research (TMR) in a new study. Besides investing in product development, a majority of the leading market players are exploring mergers and acquisitions to gain stronger foothold in the global automotive carpeting and roofing market.

Because the market players are operating in a dynamic business environment, they are keen on aligning their strategies with technological shifts. Considering this, in the next few years, the automotive carpeting and roofing market is likely to witness increasing investment in research and development activities as companies aim to benefit from technological advancements.

Request Sample Copy of the Report @
Spurred by these strategies and other growth drivers, the global automotive carpeting and roofing market is prophesized to progress at a CAGR of 5.9% between 2017 and 2025. At this pace, the market’s valuation is expected to reach US$22.69 bn by the end of 2025, from US$13.51 bn in 2016. Based on vehicle type, passenger vehicles, light commercial vehicles, and heavy commercial vehicles constitute the key market segments. Of these, passenger vehicles held the dominant share of over 56% in the global market in 2016, reporting higher demand for aesthetics.

Regionally, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are the key market segments. Among these regions, Asia Pacific emerged dominant with a share of 33.5% in the market in 2016. The rising demand from India, Japan, and China is aiding the expansion of the automotive carpeting and roofing market in Asia Pacific.

Rising Investment Aimed at Technological Advancements Aids Market’s Expansion

A majority of companies operating in the global automotive carpeting and roofing market are pumping investment through private equity in the sector. These firms have become increasingly active and thus have significant impact on the automotive carpeting and roofing market. With private equity firms pursuing the buy and build strategies, sooner than expected the automotive carpeting and roofing market will reap the benefit of the same.

Besides this, factors such as the increasing application of green technologies in automotive leather materials, use of nano materials in automotive fabric, and other recent advancements are paving way for the market’s growth in the future. This transition has been brought about by the increasing research and development in the automotive sector. These recent trends could usher lucrative prospects for the market as world is gradually inclining towards more eco-friendly living. Integrating green technologies will entail lesser emission thus making the vehicles more eco-friendly and fuel-efficient.

These developments are a part of recently introduced hybrid and electrical vehicles. Not only are these vehicles lightweight and more fuel-efficient, but they include aforementioned attributes. Thus with the increasing demand for electric vehicles, the market players in the automotive carpeting and roofing market will gain immensely, especially the manufacturers offering green technologies in automotive leather materials and nano materials for automotive fabric.

Request for Customization @
Changes in Global Vehicle Production have Negative Impact on Overall Market

On the downside, the fluctuating global production of vehicles is negatively impacting the overall market. Alteration in vehicle production could decelerate the demand for automotive carpeting and roofing materials. This pose considerable threat to the market, inhibiting its trajectory to an extent. Nevertheless, with rising opportunities across emerging nations of Asia Pacific, the impact of the restraint can be lessened. The demand for vehicles in countries such as China, Japan, and India is rising at a high pace. Furthermore, the increasing demand for advanced, electric, and hybrid vehicles from these nations are tipping scales in favor of the automotive carpeting and roofing market.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Carpeting and Roofing Market to Grow at a CAGR of 5.9% through 2025 here

News-ID: 845934 • Views: 133

More Releases from Transparency Market Research

Voltage Detectors Market – Evolving Technology Trends and Industry SWOT Analys …
The global voltage detectors market includes large number of players. Some of the key players are Texas Instruments, Toshiba, ROHM Semiconductor Sharp Microelectronics, Analog Devices Inc., STMicroelectronics, ON Semiconductor, Torex Semiconductor, Taiwan Semiconductor and Seiko Instruments. Browse Our Report @ Voltage Detector is a testing equipment generally used to determine the existence or absence of an electrical charge in an object. It is highly suggested for conditions where power issues exist.
Switched Capacitor Filters Market : Key Segments, Maket Insights, Regional Outlo …
Major players in the global switched capacitor filters market are Texas Instruments Incorporated, Analog Devices, Inc., Maxim Integrated, Inc., Siemens AG, Eaton Corporation, and among others. Browse Our Report @ A switched capacitor filter is an active filter based on the consideration that a switching of capacitors between two circuit nodes at an adequately high rate that is equivalent to a resistor connecting these two nodes. The switched capacitor filters are
Current Calibrator Market : Recent Industry Developments And Growth Strategies A …
Key players operating in the global current calibrator market include Valhalla Scientific, Rotek Inc., Time Electronics, PCE Instruments, Martel Electronics, AOIP Instrumentation, Extech Instruments, Yogokawa Test & Measurement Corporation, Extech Instruments, REED Instruments, Fluke Corporation, and others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the
Damp Meter Market – Outlook by Responsible Drivers, Restraints, Demand
Key players operating in the global damp meter market include PCE Instrument, Delmhorst Instrument Co., GENERAL TOOLS & INSTRUMENTS LLC, FLIR Systems, Inc. designs, Panomex Inc., These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The

All 5 Releases

More Releases for TMR

TMR Research
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: Monolithic ceramics are
TMR - 3D Printing Materials Market by 2020
The global 3D printing materials market will exhibit a CAGR of 18.0% between 2014 and 2020. The market was valued at US$450 mn in 2013 and is expected to reach US$1.4 bn by the end of 2020, according to a research report released by Transparency Market Research. The report titled “3D Printing Materials - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is available for sale
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the