Automotive Flooring Market Is Predicted to Grow At More Than 2.5% CAGR From 2023 To 2032
As per a recent research report, Automotive
Flooring Market to surpass
USD 2 Bn by 2032.
Automotive
Flooring Market is slated to grow steadily through 2032, owing to the rising
demand for the strong automotive aftermarket and growing preference for
superior interiors. Globally, Asia Pacific is expected to be one of the leading
markets for vehicle and auto-related components and accessories. Rising demand
for enhancing car appearance in the region will create growth prospects for the
aftermarket players.
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Besides, the growing inclination toward
aftermarket vendors when replacing goods and services after the warranty has
expired is further expected to result in market expansion. Moreover, the
automotive flooring industry has great potential for expansion as customer
awareness of the noise and vibration caused by the vehicle body, chassis, and
components is growing.
Overall, the automotive flooring market is
bifurcated in terms of materials, products, vehicles, distribution channels,
and regional outlook.
In terms of material, the nylon-based flooring
products segment is expected to grow at more than 2% CAGR by 2032. The growth
can be credited to nylon's increased product strength and high resistance to
abrasion and stains. Due to their low maintenance requirements and ease of
handling, nylon mats and carpets are frequently used in vehicle interiors,
increasing the industry share throughout the estimated timeframe. In addition,
superior heat and great impact resistance contributes to improved thermal
insulation within the car, which will positively affect segmental growth.
Based on the product, the mat segment is anticipated
to expand considerably through the forecast timeline considering that there are
flooring materials, which are used to cover the carpet to protect it from dirt
and prevent wear and corrosion. Additionally, different floor mats offered by
aftermarket players for several vehicle models are expected to accentuate the
industry size. Besides, the high availability of floor mats in different raw
materials, including leather, rubber, and nylon, to satisfy consumer usage and
preferences will further propel the automotive flooring market share.
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Considering
the vehicle, the High Commercial Vehicle (HCV) segment was valued at USD 60
million in 2022. The segment is slated to demonstrate high growth owing to the
proliferating logistics and construction sectors across the globe. Besides, the
rising requirement for HCVs owing to high ground clearance and payload capacity
for passenger and cargo transport in various terrains will further spur the segment's
growth.
Regionally,
the North America automotive flooring market is poised to witness positive
expansion from 2023 to 2032. The large income share will be credited to the
region's technological advancement in product manufacturing. In addition, rising
consumer preferences for SUVs and luxury cars are estimated to drive revenue
generation over the projected timeframe.
Partial
chapters of report table of contents (TOC):
Chapter 2 Executive
Summary
2.1
Automotive flooring industry 3600 synopsis, 2018 - 2032
2.1.1
Business trends
2.1.2 Material
trends
2.1.3 Product
trends
2.1.4 Vehicle
trends
2.1.5
Distribution channel trends
2.1.6
Regional trends
Chapter 3 Automotive
Flooring Industry Insights
3.1 Industry
segmentation
3.2 Impact of
covid-19 on world economy
3.3 Industry
ecosystem analysis
3.3.1 Raw
material suppliers
3.3.2
Manufacturers
3.3.3 Value
addition at each stage
3.3.4 Profit
margin analysis
3.3.5
Distribution channel analysis
3.3.5.1 OEM
3.3.5.2
Aftermarket
3.3.6
End-users
3.3.7 Vendor
matrix
3.3.8
Covid-19 impact on supply chain
3.4
Technology landscape
3.4.1
Production process
3.4.1.1
Matched-mold thermoforming
3.4.2 Future
trends
3.4.2.1 Floor
carpets with acoustic optimization
3.5 Industry
impact forces
3.5.1 Growth
drivers by region
3.5.1.1 North
America
3.5.1.1.1
Increasing automotive e-commerce influencing consumer buying behavior
3.5.1.2
Europe
3.5.1.2.1
Presence of major premium car manufacturers and component suppliers
3.5.1.3 Asia
Pacific
3.5.1.3.1
Strong automotive aftermarket and preference for superior interiors
3.5.1.4 Latin
America
3.5.1.4.1
Recovering economies along with increasing demand for commercial vehicles
3.5.1.5 MEA
3.5.1.5.1
Rising consumer inclination for high-end & luxury vehicles and increasing
presence of distributors
3.5.2
Industry pitfall & challenges
3.5.2.1
Fluctuating vehicle sales in major regions
3.6
Regulatory landscape
3.6.1 North
America
3.6.1.1 Code
of Federal Regulations (CFR)
3.6.2 Europe
3.6.2.1 NF
ISO 3795/ Federal Motor Vehicle Safety Standard (FMVSS)
3.6.3 Asia
Pacific
3.6.3.1 AS
2001.2.28-1992
3.6.4 Latin
America
3.7 Growth
potential analysis, 2021
3.8 Porter’s
analysis
3.9 Porter’s
analysis
3.10
Russia-Ukraine war impact on precision gearbox market
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