PUBLISHER: Lucintel | PRODUCT CODE: 1418388
PUBLISHER: Lucintel | PRODUCT CODE: 1418388
Automotive Flooring Trends and Forecast
The future of the global automotive flooring market looks promising with opportunities in the passenger car, light commercial vehicle, and heavy commercial vehicle markets. The global automotive flooring market is expected to reach an estimated $1.7 billion by 2030 with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are rising interest in environmentally friendly materials, increased consciousness of roughness, vibration, and noise, along with the growing demand for electric cars and an increase in the need for low-weight automotive materials to decrease vehicle emissions.
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Automotive Flooring by Segment
The study includes a forecast for the global automotive flooring by product, material, application, and region.
List of Automotive Flooring Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive flooring companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive flooring companies profiled in this report include-
Automotive Flooring Market Insights
Lucintel forecasts that carpet will remain the larger segment over the forecast period because the carpets provide superior comfort for passengers and drivers by offering cushioning and reducing vibration from the road.
APAC is expected to witness highest growth over the forecast period due to rising demand for improved passenger comfort and safety in cars, along with increasing automotive manufacturing in China, India, and South Korea.
Features of the Global Automotive Flooring Market
Market Size Estimates: Automotive flooring market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive flooring market size by product, material, application, and region in terms of value ($B).
Regional Analysis: Automotive flooring market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product, material, application, and regions for the automotive flooring market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive flooring market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the automotive flooring market size?
Answer: The global automotive flooring market is expected to reach an estimated $1.7 billion by 2030.
Q2. What is the growth forecast for automotive flooring market?
Answer: The global automotive flooring market is expected to grow with a CAGR of 5.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive flooring market?
Answer: The major drivers for this market are rising interest in environmentally friendly materials, increased consciousness of roughness, vibration, and noise, along with the growing demand for electric cars and an increase in the need for low-weight automotive materials to decrease vehicle emissions.
Q4. What are the major segments for automotive flooring market?
Answer: The future of the global automotive flooring market looks promising with opportunities in the passenger car, light commercial vehicle, and heavy commercial vehicle markets.
Q5. Who are the key automotive flooring market companies?
Answer: Some of the key automotive flooring companies are as follows.
Q6. Which automotive flooring market segment will be the largest in future?
Answer: Lucintel forecasts that carpet will remain the larger segment over the forecast period because the carpets provide superior comfort for passengers and drivers by offering cushioning and reducing vibration from the road.
Q7. In automotive flooring market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rising demand for improved passenger comfort and safety in cars, along with increasing automotive manufacturing in China, India, and South Korea.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.