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Automotive Carpeting - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

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  • 90 Pages
  • February 2024
  • Region: Global
  • Mordor Intelligence
  • ID: 4622510
The Automotive Carpeting Market is valued at USD 5.60 billion in the current year and is anticipated to reach a net valuation of USD 7.58 billion within the next five years, registering a CAGR growth of 6.25% over the forecast period.

Over the long term, the consumers' growing preference for utilizing eco-friendly and lightweight vehicle interior products, rising sales of electric vehicles, and the demand for integrating lightweight components in vehicles are driving the surging growth of the automotive carpeting market. Carpets on the floor of a vehicle minimize noise, improve the aesthetic aspect of the inside, and offer insulation. Isolation from noise, heat, and dirt are the major characteristics of floor carpets and trunk trims in vehicles. Due to the various benefits offered by installing a carpeting system, consumers are increasingly preferring the usage of high-quality carpets in their vehicles.

Additionally, the floor carpet is made of various materials depending on the requirements. Increased global automotive manufacturing is predicted to be one of the key drivers of market growth during the forecast period. Furthermore, the growing desire for higher levels of comfort and safety in automobile passenger cabins is likely to boost product demand. However, the development of advanced vinyl flooring in passenger as well as commercial vehicles poses a severe threat to the automotive carpeting industry. It is expected to marginally limit the market growth during the forecast period.

Innovations in the automotive interior industry are gaining traction to provide enhanced comfort to passengers. Conventional multi-layer foams are replaced by lightweight, water-repellent fibers made from recycled cotton, which offers a 50% weight reduction than that of traditional fibers. Companies such as Autoneum are spending hefty sums to develop recyclable carpet material for auto manufacturers to address environmental issues and position their products as environmentally friendly. In the coming years, the automotive carpeting market will witness the launch of various environmentally friendly and aesthetic carpets to cater to the advanced demand of auto manufacturers.

Automotive Carpeting Market Trends

Passenger Cars Segment is Anticipated to Dominate the Market

The passenger cars segment accounted for the largest market share in the automotive carpeting market. It is owing to the increasing demand of consumers to install advanced and eco-friendly carpeting systems in their vehicles due to its noise-reduction capability, among other characteristics. The global new sales of passenger cars in 2022 touched 57.4 million units in 2022, compared to 56.4 million units in 2021, recording a Y-o-Y growth of 1.9% between 2021 and 2022.

On the other hand, the rise in sales of electric vehicles is also aiding the growth of the automotive carpeting market. The spike in sales is the result of an increase in regulatory norms by various organizations and governments to control emission levels and to propagate zero-emission vehicles. As a result, automakers are continually working and focusing on increasing their expenditure on the R&D of electric vehicles, which may fuel the demand for automotive carpets to enhance the interior look of the vehicle.

The global electric vehicles (including battery electric vehicles, fuel cell electric vehicles, and plug-in hybrid vehicles) market observed a tremendous increase in the number of sales registered every year since 2018. This increase was registered in almost all segments of vehicles, which include passenger vehicles and commercial vehicles. For instance-
  • In 2022, global sales of battery electric vehicles (BEVs) touched 7.3 million units, compared to 4.6 million units in 2021, representing a 58.7% Y-o-Y growth between 2021 and 2022.
With the consumer's shifting preference toward availing of environmentally friendly modes of private transportation and growth in vehicle parc across the world, there will exist a greater demand for passenger vehicles in the coming years. It, in turn, is expected to contribute to the surging growth of the automotive carpeting market for this segment.

Asia-Pacific Remain to Dominate the Market during the Forecast Period

The Asia-Pacific region dominates the automotive carpeting market. As the majority of the vehicle is manufactured in the Asia-Pacific region, the region accounts for the largest share in terms of demand for automotive carpeting across the globe. Additionally, with rapid urbanization in countries such as India, China, and ASEAN Countries, the demand for and sales of passenger vehicles is continually increasing, in turn boosting the demand for carpeting in the automotive industry.

Coupled with that, the growing commercial vehicle segment in countries such as China and India, owing to the expanding e-commerce industry and rise in construction activity across regions, is also contributing to the increased demand for automotive carpets. It can be readily utilized in this vehicle segment. For instance,
  • In 2022, India witnessed sales of 933 thousand units of commercial vehicles, compared to 677 thousand units in 2021, recording a Y-o-Y growth of 37.8% between 2021 and 2022.
  • Similarly, new sales of commercial vehicles in Indonesia touched 264 thousand units in 2022, compared to 227 thousand units in 2021, representing a 16.3% Y-o-Y between 2021 and 2022.
Apart from passenger cars, with growing environmental concerns among both consumers and governments in the region, the adoption of electric vehicles increased significantly, especially in China, which is also expected to drive the market for carpeting. With the rising adoption of electric vehicles in the region, there remains a greater need for environmentally friendly advanced materials. It is expected to drive the demand for polypropylene carpets during the forecast period. Further, the growing vehicle parc in the region also assists in the demand for carpet products in the aftermarket, which is expected to fuel the market growth.

Automotive Carpeting Industry Overview

The automotive carpeting market is moderately fragmented and highly competitive due to the presence of various international and regional players operating in this space. Some of the major players include Hyosung, Autoneum Holding Ltd., Dorsett Industries, Hayashi Telempu Corporation, Auto Custom Carpets, Alliance Interiors, UGN Inc, Faurecia SA, Toyota Boshoku Corp., and Grand Carpet Industries, among others. Various companies operating in the industry actively engage in forming partnerships with major auto manufacturers to enhance their brand presence.
  • In February 2023, Volkswagen announced its commitment to integrate eco-friendly material, Seaqual yarn, derived from ocean plastic and recycled PET bottles, in its ID.3, ID.4, ID.5, and ID.7 models. The company aims to utilize recycled materials for the insulating layer of the vehicle carpet as well as seat covers. It marks a major commitment from a leading auto manufacturer to promote the usage of eco-friendly materials for car interiors.
  • In November 2022, Autoneum announced the introduction of its new carpet system that is made up of 100% polyester. The innovative carpet systems introduced are fully recyclable, thus paving the way for an improved and more sustainable end-of-life recycling of electric vehicles. In addition, the high content of recycled PET, as well as the zero waste and less energy-intensive production process, further improve the carbon footprint of the company's new monomaterial needle punch and tufted carpets.
The market is anticipated to witness the launch of various advanced and eco-friendly vehicle carpet solutions in the coming years as these players try to gain a competitive edge with the diversification of their product portfolio.

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  • The market estimate (ME) sheet in Excel format
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Table of Contents

1.1 Study Assumptions
1.2 Scope of the Study
4.1 Market Drivers
4.1.1 Growth in Electric Passenger and Commerical Vehicle Sales
4.2 Market Restraints
4.2.1 Integration of Vinyl Flooring Deters the Growth of the Market
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size in Value - USD)
5.1 By Material
5.1.1 Nylon
5.1.2 Acrylic
5.1.3 Polyester
5.1.4 Polypropylene
5.1.5 Others (Foam, etc.)
5.2 By Component Type
5.2.1 Floor Carpet
5.2.2 Trunk Trim
5.3 By Vehicle Type
5.3.1 Passenger Cars
5.3.2 Commercial Vehicles
5.4 By Geography
5.4.1 North America United States Canada Rest of North America
5.4.2 Europe Germany United Kingdom France Spain Rest of Europe
5.4.3 Asia-Pacific India China Japan South Korea Rest of Asia-Pacific
5.4.4 Latin America Mexico Brazil Argentina Rest of Latin America
5.4.5 Middle-East and Africa United Arab Emirates Saudi Arabia Rest of Middle-East and Africa
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 Alliance Interiors LLC
6.2.2 UGN Inc
6.2.3 Faurecia SA
6.2.4 Hyosung
6.2.5 Autoneum Holding Ltd.
6.2.6 Dorsett Industries
6.2.7 Toyota Boshoku Corp.
6.2.8 Hayashi Telempu Corporation
6.2.9 Automotive Trimmings Company
6.2.10 Grand Carpet Industries Sdn Bhd
6.2.11 DuPont
6.2.12 Auto Custom Carpets
6.2.13 Bharat Seats Limited
6.2.14 Reyes Amtex
7.1 Enhancement in Technology to Develop Eco-Friendly Carpets

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Alliance Interiors LLC
  • UGN Inc
  • Faurecia SA
  • Hyosung
  • Autoneum Holding Ltd.
  • Dorsett Industries
  • Toyota Boshoku Corp.
  • Hayashi Telempu Corporation
  • Automotive Trimmings Company
  • Grand Carpet Industries Sdn Bhd
  • DuPont
  • Auto Custom Carpets
  • Bharat Seats Limited
  • Reyes Amtex