The global automotive flooring market revenue is expected to expand at a lucrative CAGR over the forecast period. Growing demand for materials that improves comfort level and safety of passengers in automobiles is expected to be a major factor driving market growth.
The global automotive flooring market report has been segmented on the basis of material, product, vehicle type, and region.
On the basis of material, the global automotive flooring market has been segmented into nylon, polypropylene, rubber, polyurethane, and other. Demand for polyurethane is anticipated to grow over the forecast period owing to its superior chemical and mechanical properties.
On the basis of product, the global automotive flooring market has been segmented into carpets and mats. Penetration of mats is expected to grow over the forecast period owing to increasing demand for noise reduction mats. Furthermore, shifting the focus of car manufacturers towards increasing comfort levels and improving ride quality is expected to fuel market growth.
On the basis of vehicle type, the global automotive flooring market has been segmented into passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). Light commercial vehicles (LCVs) is expected to witness steady growth over the forecast period owing to growing demand for transportation sector across the world. Growing demand for friction control, noise control, enhanced ride quality, and passenger comfort in this vehicle category is expected to drive market growth.
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On the basis of region, the global automotive flooring market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to be the fastest growing region in the global automotive flooring market owing to increasing automotive production in the region. Growing demand for innovating flooring in attractive luxury cars is expected to drive market growth in the region.
Key players operating in the global automotive flooring market include Apache Mills, Inc., 3M Company, Autoneum Holding Ltd., E. I. du Pont de Nemours and Company, AGM Automotive, LLC, Magna International Inc., Toyota Boshoku Corporation, Suminoe Textile Co. Ltd., German Auto Tops Inc., and Feltex Automotive.