NEW
YORK, June 28, 2024 /PRNewswire/ -- The global
automotive floor carpet market size is estimated to grow by
USD 1.21 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 3.2% during the forecast period. Rising
demand for vehicle customization in Western markets is driving
market growth, with a trend towards technological developments in
automotive floor carpet market. However, fluctuating prices of raw
materials poses a challenge. Key market players include Adler
Pelzer Holding GmbH, Auto Custom Carpets Inc., Autoneum Holding
Ltd., Beaulieu International Group, Betap B.V., Bharat Seats Ltd.,
Corinthian Textiles, Dorsett, Feltol Manufacturing Co. Ltd.,
Freudenberg and Co. KG, Hayashi Telempu Co. Ltd., Hitkari Hitech
Pvt. Ltd., Hyosung Advanced Materials, IDEAL Automotive GmbH, KK
Motors Inc., Knox Auto Carpets Pty Ltd., Kotobukiya Fronte Co.
Ltd., Toyota Motor Corp., Vaccess India Pvt. Ltd., and Wade
Automotive.
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landscape, and companies - Click for the snapshot of this
report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Type (Non-woven and
Tufted), Application (Passenger vehicles and Commercial vehicles),
and Geography (APAC, Europe, North America, South America, and
Middle East and Africa)
|
Region
Covered
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Key companies
profiled
|
Adler Pelzer Holding
GmbH, Auto Custom Carpets Inc., Autoneum Holding Ltd., Beaulieu
International Group, Betap B.V., Bharat Seats Ltd., Corinthian
Textiles, Dorsett, Feltol Manufacturing Co. Ltd., Freudenberg and
Co. KG, Hayashi Telempu Co. Ltd., Hitkari Hitech Pvt. Ltd., Hyosung
Advanced Materials, IDEAL Automotive GmbH, KK Motors Inc., Knox
Auto Carpets Pty Ltd., Kotobukiya Fronte Co. Ltd., Toyota Motor
Corp., Vaccess India Pvt. Ltd., and Wade Automotiv
|
Key Market Trends Fueling Growth
The global automotive floor carpet market is experiencing growth
due to the use of efficient materials, such as high-quality
polyurethane leather and cross-linked PE. These advanced materials
increase the value proposition of floor carpets by offering
benefits like sound insulation, absorption, and weight savings.
They also help reduce NVH levels, enhancing ride comfort and
vehicle stability. Two-thirds of vehicle sounds can be eliminated
through floor carpets, making them a significant market driver.
Additionally, these materials provide good temperature insulation
and enhance vehicle aesthetics. The use of such materials
contributes to the overall value proposition of vehicles,
increasing their sales and driving market growth.
The automotive floor carpet market is experiencing significant
growth due to increasing consumer preferences for comfort and style
in vehicles. Carpets made from materials like vinyl and fiber are
popular choices. Carpet components include mats, trim, and
underlay. Carpet manufacturers focus on creating carpets that are
durable, easy to clean, and aesthetically pleasing. The use of
advanced technologies like recycled materials and antimicrobial
agents is trending in the market. Carpet providers offer
customization options to cater to diverse consumer needs. The
market is competitive, with companies striving to offer innovative
and cost-effective solutions. The future of the automotive floor
carpet market looks promising, with continued focus on enhancing
vehicle interiors and providing sustainable options.
Research report provides comprehensive data on impact of trend.
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Market Challenges
- The automotive floor carpet market experiences challenges due
to fluctuating raw material prices. Synthetic fibers, natural
fibers, and adhesives are used, with prices affected by supply and
demand, geopolitical events, and natural disasters. Despite
increased demand for comfort features and quality materials, their
fluctuating unit prices complicate sourcing and procurement.
Globalization and trade tensions, such as US-China tariffs and
Brexit instability, further impact prices, creating
unpredictability in the market.
- The Automotive Floor Carpet market faces several challenges.
Rubber, matrial used extensively in carpets, requires proper
flooring design and installation for effective use. Rising
automotive production in various countries presents both
opportunities and challenges for carpet manufacturers. Carpet
transports and processing also pose challenges due to the need for
precision and durability. Cars' interiors must be attractive and
functional, so carpets must meet both requirements. Natural and
synthetic materials, such as polyurethane and vinyl, are used in
carpets, adding to the market's complexity. Carpet designs must
cater to various customer preferences and car models. Additionally,
cost-effective production and eco-friendly manufacturing are
essential considerations. Overall, the Automotive Floor Carpet
market requires innovative solutions to address these
challenges.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This automotive floor carpet market report extensively covers
market segmentation by
- Type
- Application
- 2.1 Passenger vehicles
- 2.2 Commercial vehicles
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Non-woven- The Automotive Floor Carpet market
experiences consistent growth due to increasing vehicle production
and sales worldwide. Manufacturers prioritize offering high-quality
floor carpets to enhance customer comfort and satisfaction. These
carpets are essential for both new and used vehicles, making it a
significant market segment within the automotive industry.
Additionally, advancements in materials and manufacturing processes
contribute to the market's expansion.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Automotive Floor Carpet Market is experiencing a surging
growth due to the increasing demand for eco-friendly and electric
vehicles. Lightweight components, such as thermoplastics,
engineered polymers, and composite materials, are being extensively
used in the production of carpets to reduce vehicle weight. These
materials offer several benefits, including insulation against
noise, water, and corrosion. Moulded carpets, a popular choice for
their aesthetic appearance and large area backing, are increasingly
being adopted in the automotive industry. The use of rubber as a
material in carpets is also on the rise due to its durability and
sound absorption properties. The automotive industry's rising trend
towards sustainability and innovation is driving the market for
automotive floor carpets.
Market Research Overview
The Automotive Floor Carpet Market encompasses the production,
supply, and installation of floor carpets for various vehicle
types. These carpets are designed to provide comfort, insulation,
and aesthetics to the interior of automobiles. The market is driven
by factors such as increasing consumer preference for luxurious and
comfortable interiors, stringent regulations regarding vehicle
safety and emissions, and advancements in carpet materials and
manufacturing technologies. Flooring materials used include wool,
nylon, polyester, and polypropylene, among others. The market is
segmented based on vehicle type, carpet type, and region. The
carpet type segment includes OEM (original equipment manufacturer)
and aftermarket carpets. The regional segment includes North America, Europe, Asia
Pacific, and the Rest of the World. The market is expected
to grow significantly due to the rising demand for premium vehicles
and the increasing focus on sustainability in carpet
manufacturing.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Application
-
- Passenger Vehicles
- Commercial Vehicles
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio