Automotive Flooring Market will exhibit $1.8 Bn By 2026

Global automotive flooring market is projected to surpass $1.8 billion by 2026. New regulations imposed by world governments regarding the use of lightweight interiors to help reduce emissions would be the key factor driving global market through 2026. In addition, ongoing technological upgrades to install environment-friendly automotive flooring systems is likely to add up to the product demand.

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With respect to the aftermarket segment, growth in the number of aftermarket firms offering various floor mats options in several vehicle models would propel the segment growth in the industry. Automotive mats offer improved floor protection for vehicle trunks during high-load transportation activities.

Furthermore, the availability of floor mats in various raw materials such as rubber, nylon and leather to address customer preferences and usage is likely to further augment the automotive flooring market outlook.

Rising heat and impact resistance properties are set to be the key factors that would propel nylon application segment growth in the automotive flooring market. Nylon products provide a heavy strength-to-weight ratio. These products also offer high stain resistance. In addition, they can be easily cleaned and maintained which is a major factor pushing their market demand. Nylon products are available in several color and design options that attract a greater number of customers.  

With reference to the vehicle segment, heavy commercial vehicles are anticipated to observe massive growth due to the rising logistics and construction industry. HCVs are operating in industrial and commercial applications which also includes mining and agricultural activities.

The OEM segment is projected to witness heavy growth over the forecast timeframe owing to growing concerns about personal safety. In addition, growing awareness about personal comfort is likely to add up to automotive flooring market growth. Advanced technology, high-class engineering and technical expertise in the workforce have allowed OEMs to boost their market outlook across the world.

On the geographical front, Europe automotive flooring market is predicted to witness heavy gains through 2026. This growth can be attributed to the heavy presence of premium automakers in the region. Some of the major automobile companies in the region are Opel/Vauxhall, Volkswagen, Audi, Renault, Peugeot, Mercedes-Benz, BMW, and Ford.      

The competitive landscape of global automotive flooring market includes companies like Autoneum, Low & Bonar, Hyosung Corporation, DuPont and 3M.

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Charts & Figures

FIG. 1    Industry segmentation

FIG. 2    Industry landscape, (USD Million), 2014 - 2026

FIG. 3    Industry ecosystem analysis

FIG. 4    Value addition

FIG. 5    U.S. E-commerce sales (USD Billion), 2016-2018

FIG. 6    Light commercial vehicle production in million units, 2016-2018

FIG. 7    North America automotive sales in million units, 2015-2018

FIG. 8    Growth potential analysis, 2018

FIG. 9    Porter’s analysis

FIG. 10   PESTLE analysis

FIG. 11   Market volume share by material, 2018 & 2026

FIG. 12   Market volume share by product, 2018 & 2026

FIG. 13   Market volume share by vehicle, 2018 & 2026

FIG. 14   Market volume share by distribution channel, 2018 & 2026

FIG. 15   Automotive flooring market share by region, 2018 & 2026

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