Automotive Flooring Market Worth $947.4 Million By 2025 | CAGR: 5.2%

August 2017 | Report Format: Electronic (PDF)

The global automotive flooring market is expected to reach USD 947.4 million by 2025, according to a new report by Grand View Research, Inc. The rapidly growing automotive industry across the globe has been and is expected to drive the overall market growth. Further, the changing consumer preferences towards enhanced passenger comfort and vehicle aesthetics is anticipated to propel market growth over the forecast period.

The increasing use of insulating mats and related products for carpet protection, comfort, and aesthetics in passenger cars is expected to drive the product demand in the near future. The growing importance of noise reduction and thermal insulation is also expected to have positive impacts on the product demand during the forecast period.

The demand for floor carpets in automobiles for the protection of floor is directly proportional to the demand for vehicles. The increasing production of LCV and HCV in Asia Pacific is expected to drive the product demand in commercial vehicles, mainly on account of the presence of a large number of major OEMs in economies such as China and India.

The industry is expected to witness the highest growth in the mats product segment, expected to grow at a CAGR of 6.0% during the forecast period, in terms of revenue. The presence of key manufacturers with a massive geographical reach such as ACC, AGM Automotive, and 3M Company, with a gamut range of carpets and mats, is expected to drive the overall industry demand over the forecast period. 

 To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/automotive-flooring-market

Further key findings from the report suggest:

  • The automotive flooring market was valued at USD 608.0 million in 2016 and is expected to grow at a CAGR of 5.2% during the forecast period on account of the increasing global vehicle production.

  • The polyurethane material segment accounted for the largest share of industry revenues in 2016, and is also expected to witness the highest growth over the forecast period at a CAGR of 6.0%, attributable to the increasing use of the material for the manufacture of auto components.

  • Carpets accounted for the largest share among products, and this segment is slated to grow at a CAGR of 5.0% during the forecast period, mainly driven by automotive production and the growing need for advanced carpeting solutions for NVH reduction and sound damping.

  • The automotive flooring market in Asia Pacific dominated the global industry, and is slated to witness growth to the tune of 5.9% during the forecast period, primarily on account of the rapidly-growing automotive production in the region.

  • The key strategies adopted by the industry players include acquisitions and distribution agreements. For instance, AGM Automotive Inc. acquired Durmont Austria, a textile manufacturer involved in the production of carpets for commercial building and automotive applications.

Grand View Research has segmented the automotive flooring market on the basis of material, product, application, and region:

Automotive Flooring Material Outlook (Revenue, USD Million; 2014 - 2025)

  • Polyurethane

  • Polypropylene

  • Nylon

  • Rubber

  • Others

Automotive Flooring Product Outlook (Revenue, USD Million; 2014 - 2025)

  • Carpets

  • Mats

Automotive Flooring Application Outlook (Revenue, USD Million; 2014 - 2025)

  • Cars

  • LCV

  • HCV

Automotive Flooring Regional Outlook (Revenue, USD Million; 2014 - 2025)

  • North America

    • U.S

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa

Request Sample
Request for Customization

Choose License Type:

Single User - $3,450
Multi User - $6,450
Enterprise User - $8,450

Special Pricing & Discounts

Avail customized purchase options to meet your research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Custom research service

    Custom research service

    Speak to the report author to design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service excellence represented in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • BOA