Global Automotive Flooring Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
MarketResearch.biz delivers in-depth insights on the global automotive flooring market in its upcoming report titled, “Global Automotive Flooring Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global automotive flooring market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The automotive flooring market report has been segmented on the basis of material, product, vehicle type and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Floor covering is a material made from felts, textiles, rubber, resins, or other natural or man-made substances applied, or laid upon, the level base surface of the automobile to provide comfort, durability, safety, and decoration.
On the basis of material, nylon product segment account major share in the global automotive flooring market. Nylon fiber is the most used material type for automotive flooring on account of its light-weight, low cost, flexibility, and strength. Other properties of nylon based automotive flooring such as high heat and impact resistance and higher strength to weight ratio is expected to propel market growth over the forecast period.
On the basis of product, carpets segment is estimated to hold major revenue share in the global automotive flooring market and is expected to maintain its dominance over the forecast period. Floor carpets are used in vehicles for the protection of passengers from frictions, structure-borne noises, and heat in order to make the car ride comfortable and quiet. The absorption of noises and vibration from engine improve the ride quality.
On the basis of vehicle type, passenger cars segment is estimated to hold major revenue share in the global automotive flooring market on account of growing production for passenger vehicles in developing and developed economies, which is expected to boost the segment growth over the forecast period. The increasing demand for automobiles in developing economies can be attributed due to the increasing working population, rapid industrialization, and growing middle-income level groups.
North America market is estimated to hold major revenue share in the global automotive flooring market, in 2017 and is expected to maintain its dominance over the forecast period. Increasing purchase power of people coupled with growing production of automobiles in US and Canada are expected to be major factors driving market growth. North America accounts for largest revenue share contribution of the target market, followed by markets in Europe, Asia Pacific, Latin America, and the Middle East & Africa respectively. Increasing disposable income along with the growing luxury car production in the region is expected to propel market growth over the forecast period.
Market segmentation and key players operating in the global automotive flooring market:
By vehicle type:
- Passenger cars
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Apache Mills, Inc.
- 3M Company
- Autoneum Holding Ltd.
- I. du Pont de Nemours and Company
- AGM Automotive, LLC
- Magna International Inc.
- Toyota Boshoku Corporation
- Suminoe Textile Co. Ltd.
- German Auto Tops Inc.
- Feltex Automotive
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