August 18, 2021
According to the research report titled ‘Automotive Flooring Market Size By Material (Polyurethane, Polypropylene, Rubber, Nylon), By Product (Carpet, Mat), By Vehicle (PCV, LCV, HCV), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2026’, available with Market Study Report, global automotive flooring market is projected to reach a valuation of USD 1.8 billion by the end of the forecast period 2019-2026.
Rise in demand for lightweight interior products owing to government regulations aimed at reducing emissions is enhancing global automotive flooring market growth. Increasing noise pollution due to traffic congestion in line with escalating installation of sound insulation materials and vehicle trims for better acoustics are further enhancing the market development.
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Spike in adoption of flooring mat and carpets in premium vehicles is anticipated to augment the revenue flow in the forthcoming years. Besides, technological advancements in terms of environment-friendly and lightweight automotive flooring systems are elevating the industry remuneration potential. However, fluctuating vehicle sales may hinder business expansion over the projected timeline.
In terms of material, global automotive flooring industry size from nylon segment is slated to record a steady growth through 2026. The product demand is attributable to exceptional heat and impact resistance. Products manufactured from nylon also offer high strength-to-weight ratio as well as high stain resistance, and are available in various designs and color options.
Considering vehicle type, heavy commercial vehicles is anticipated to witness an increased demand for flooring solutions mainly to rapidly expanding logistics and construction industry.
With respect to distribution channel, OEM segment is likely to gain considerable traction over the forecast period. Developing consciousness regarding personal safety and comfort along with growing adoption of collaborative manufacturing processes for improving flooring products are supporting the segmental expansion.
On the regional front, Europe automotive flooring industry is touted to grow considerably in the upcoming years, mainly creditable to high concentration of component suppliers and premium automakers like Mercedes-Bez, Audi, and Volkswagen.
Meanwhile, growing customer inclination towards high-end and luxury vehicles together with expanding presence of distributors are slated to accelerate the industry expansion in Middle East & Africa.
With respect to competitive landscape, Foss Performance Materials, Freudenberg SE, Walser GmbH, Auria Solutions, Borgers SE & Co. KGaA, Conform Automotive, Gahh LLC, Hyosung Corp., Toyota Boshoku Corp., Apache Mills Inc., Low & Bonar plc (Freudenberg), Autoneum Holding AG, Auto Custom Carpets Inc., DuPont de Nemours Inc., and 3M Co. are the top competitors in this business sphere.