The global automotive flooring market size reached US$ 731 Million in 2022. Looking forward, the publisher expects the market to reach US$ 996 Million by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028. The rising awareness about sanitation and overall hygiene maintenance, increasing number of production automobile vehicles, rising vehicle platform complexity, and the widespread adoption of flooring solutions to meet the latest safety standards represent some of the key factors driving the market.
The Changing Consumer Preference For Ride Quality is Augmenting the Market Growth
The evolving consumer preferences for ride quality and comfort majorly drive the automotive flooring market. Additionally, the changing consumer buying behavior, as well as an inclination toward more comfortable seating and noise cancellation systems that aims in enhancing ride quality, are influencing the demand for automotive flooring. Moreover, numerous automobile manufacturers are focusing on improving ride quality in passenger cars, heavy commercial vehicles (HCV), and light commercial vehicles (LCV) through enhanced noise and vibration management systems, which is significantly supporting the market. In line with this, the incorporation of active noise control systems in vehicles, coupled with the growing emphasis on floor insulation, is further propelling the demand. Additionally, major car producers are also focusing on lightweight automotive flooring components for controlling cabin sounds, engine vibration, and suspension feedback in order to increase the efficiency and quality of their vehicles, as well as reduce their weight, which is impacting the market favorably.
Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is fragmented with numerous players operating at regional and global levels due to the low product differentiation, switching costs, and transportation costs. The volume of new entrants is moderate in the automotive flooring market on account of the medium to high initial capital investments, the presence of extensive distribution networks and stringent product regulations.
2. What is the expected growth rate of the global automotive flooring market during 2023-2028?
3. What are the key factors driving the global automotive flooring market?
4. What has been the impact of COVID-19 on the global automotive flooring market?
5. What is the breakup of the global automotive flooring market based on the product?
6. What is the breakup of the global automotive flooring market based on the material?
7. What is the breakup of the global automotive flooring market based on vehicle type?
8. What is the breakup of the global automotive flooring market based on the distribution channel?
9. What are the key regions in the global automotive flooring market?
10. Who are the key players/companies in the global automotive flooring market?
The Changing Consumer Preference For Ride Quality is Augmenting the Market Growth
The evolving consumer preferences for ride quality and comfort majorly drive the automotive flooring market. Additionally, the changing consumer buying behavior, as well as an inclination toward more comfortable seating and noise cancellation systems that aims in enhancing ride quality, are influencing the demand for automotive flooring. Moreover, numerous automobile manufacturers are focusing on improving ride quality in passenger cars, heavy commercial vehicles (HCV), and light commercial vehicles (LCV) through enhanced noise and vibration management systems, which is significantly supporting the market. In line with this, the incorporation of active noise control systems in vehicles, coupled with the growing emphasis on floor insulation, is further propelling the demand. Additionally, major car producers are also focusing on lightweight automotive flooring components for controlling cabin sounds, engine vibration, and suspension feedback in order to increase the efficiency and quality of their vehicles, as well as reduce their weight, which is impacting the market favorably.
Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is fragmented with numerous players operating at regional and global levels due to the low product differentiation, switching costs, and transportation costs. The volume of new entrants is moderate in the automotive flooring market on account of the medium to high initial capital investments, the presence of extensive distribution networks and stringent product regulations.
What is Automotive Flooring?
Automotive flooring is a type of flooring that is specifically designed for the automotive industry. It is generally constructed from rubber or plastic and is meant to withstand the heavy weight and wear and tear of vehicles. It is commonly utilized in car dealerships, garages, parking lots, and repair shops. It protects the floor from debris and spills, as well as provides traction for vehicles. It is available in a variety of different colors, textures, and styles, which allows for customizability and personalization. Additionally, it is resistant to oil, grease, and other automotive fluids, making it an ideal flooring solution for those in the automotive industry. It is also easy to maintain, as it can simply be swept, mopped, or vacuumed to keep it looking new. Moreover, it is slip-resistant, helping to reduce the risk of slips and falls in the automotive industry. As a result, it is considered an excellent choice for those in the automotive industry, as it is durable, easy to maintain, and slip-resistant.COVID-19 Impact:
The impact of the COVID-19 pandemic had an adverse effect on the automotive flooring market. Due to the implementation of restrictions on import and export, and enforced lockdowns, resulting in a sudden lack of key materials for car components. The disruption of supply chains and production schedules caused a decrease in production and sales, which in turn, had a negative effect on the automotive flooring market. To prevent the virus from spreading, the government has mandated social distancing and many businesses adopted a work-from-home approach. This, combined with fewer domestic trips, further impacted the market for car flooring. However, the introduction of vaccines enabled restrictions to be eased, leading to a resurgence in travel and an increase in the demand for automotive flooring. As the restrictions have been lifted, major companies have focused on investing in developing their businesses, and utilizing new technologies and techniques to gain efficiency. This is driving the growth of the global automotive flooring market currently.Automotive Flooring Market Trends:
Significant growth in the automotive industry majorly drives the market. As automotive designers are adopting flooring solutions that can accommodate more intricate vehicle designs, including flooring materials that are lightweight, durable, and easy to install, is propelling the market. Furthermore, the widespread adoption of automotive flooring solutions to meet the latest safety standards is significantly supporting the demand. This includes materials that are able to provide a high level of slip resistance and shock absorbency. Since automotive flooring solutions aid in withstanding extreme temperatures and resisting wear and tear from constant use, which is acting as another growth-inducing factor. Apart from this, automotive manufacturers are developing eco-friendly solutions to meet the needs of environmentally conscious consumers, such as energy-efficient materials, recycled materials, and renewable materials, positively influencing the market. Along with this, several key players are also providing flooring solutions that offer comfort and safety to passengers, including special padding and cushioning to reduce impact and vibration, which, in turn, is favoring the demand. Furthermore, the integration of the latest advanced technologies, including pressure mats, that can provide valuable data and feedback is creating a positive market outlook. Some of the other factors driving the market include rapid urbanization and inflating disposable income levels.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global automotive flooring market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, material, vehicle type and distribution channel.Product Insights:
- Carpets
- Mats
Material Insights:
- Polyurethane
- Polypropylene
- Nylon
- Rubber
- Others
Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Distribution Channel Insights:
- OEM
- Aftermarket
Regional Insights:
North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global automotive flooring market. Some of the companies covered in the report include:
- 3M Company
- Auria Solutions (Shanghai Shenda Co. Ltd.)
- Auto Custom Carpets Inc.
- Autoneum Holding AG
- Borgers SE & Co. KGaA
- Conform Automotive
- Foss Performance Materials LLC (AstenJohnson Inc.)
- German Auto Tops Inc.
- Hyosung Corporation
- Suminoe Textile Co. Ltd.
- Toyota Boshoku Corporation
- Walser GmbH
Key Questions Answered in This Report
1. What was the size of the global automotive flooring market in 2022?2. What is the expected growth rate of the global automotive flooring market during 2023-2028?
3. What are the key factors driving the global automotive flooring market?
4. What has been the impact of COVID-19 on the global automotive flooring market?
5. What is the breakup of the global automotive flooring market based on the product?
6. What is the breakup of the global automotive flooring market based on the material?
7. What is the breakup of the global automotive flooring market based on vehicle type?
8. What is the breakup of the global automotive flooring market based on the distribution channel?
9. What are the key regions in the global automotive flooring market?
10. Who are the key players/companies in the global automotive flooring market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Automotive Flooring Market
6 Market Breakup by Product
7 Market Breakup by Material
8 Market Breakup by Vehicle Type
9 Market Breakup by Distribution Channel
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 3M Company
- Auria Solutions (Shanghai Shenda Co. Ltd.)
- Auto Custom Carpets Inc.
- Autoneum Holding AG
- Borgers SE & Co. KGaA
- Conform Automotive
- Foss Performance Materials LLC (AstenJohnson Inc.)
- German Auto Tops Inc.
- Hyosung Corporation
- Suminoe Textile Co. Ltd.
- Toyota Boshoku Corporation
- Walser GmbH
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 136 |
Published | June 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 731 Million |
Forecasted Market Value ( USD | $ 996 Million |
Compound Annual Growth Rate | 5.3% |
Regions Covered | Global |
No. of Companies Mentioned | 12 |