The “Automotive Flooring Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Automotive Flooring Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global automotive flooring market size was US$ 1.1 billion in 2021. The global automotive flooring market is expected to grow to US$ 1.98 billion by 2030, registering a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2022 to 2030.
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COVID-19 Impact Analysis :
The global automotive flooring market recorded a sharp drop as the entire automotive sector recorded a decline in terms of revenue. It is majorly attributable to the stringent lockdown and import-export bans imposed by the government bodies in order to restrict the spread of the COVID-19 disease. It interrupted supply chains and production schedules. Moreover, it also affected the purchasing power of the end-users, which ultimately hampered the sales of the automotive flooring market.
Regional Analysis :
The Asia-Pacific automotive flooring market is expected to record potential growth due to the presence of one of the largest automotive industries in the region. Further, the region holds tremendous potential in the automotive flooring market due to the rising focus on lightweight vehicles and stringent regulations imposed by government authorities.
Factors Influencing the Market :
Growing knowledge about NVH (Noise, Vibration, and Harshness) is expected to boost the growth of the automotive flooring market. Performance in terms of noise and vibration is crucial for validating vehicle designs\ as it is directly associated with the comfort of the driver and passengers. Thus, the automotive flooring market will benefit from this factor.
Moreover, the automotive sector is undergoing significant transformation as the demand for environment-friendly materials is growing at a swift pace. Governments are also actively taking initiatives to boost the use of environment-friendly leather or fabric. In addition, various producers are choosing eco-friendly alternatives to contribute to the new sustainable era. Thus, it will drive the growth of the automotive flooring market during the analysis period.
Further, the rapidly rising demand for low-weight automotive material in order to reduce carbon emission rate is expected to bring opportunities for the automotive flooring market. Various stringent regulations by EC (European Legislation) and CAFE (Corporate Average Fuel Economy) have been introduced to influence the adoption of lightweight vehicles. Thus, it will drive the automotive flooring market forward.
Volatile prices of raw materials may limit the growth of the automotive flooring market during the analysis period.
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Competitors in the Market :
Hayashi Telempu IAC Group
Kotobukiya Fronte Co., Ltd
LEAR CORPORATION
Magna International Inc
SHANDONG EXCEEDING AUTO INTERIOR PARTS CO., LTD,
Shanghai Shenda
SUMINOE TEXTILE CO., LTD.
TOYOTA BOSHOKU CORPORATION
ACME Mills Company
IDEAL Automotive GmbH
Auto Custom Carpet Inc
Autoneum
Autotech Nonwovens
Feltex Automotive
GRUPO ANTOLIN IRAUSA, S.A.
Hayakawa Eastern Rubber Co., Ltd.
Other Prominent Players
Market Segmentation
The global automotive flooring market segmentation focuses on Product, Application, Material, and Region.
By Product
Mats
Carpet
By Application
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
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By Material
Polyurethane
Polypropylene
Nylon
Rubber
Others
By Regional Outlook
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America
Key questions answered in the Automotive Flooring market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the Automotive Flooring market over the forecast period?
- What are the factors driving and restraining the market for Automotive Flooring?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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