This report describes and explains the automotive flooring market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global automotive flooring market reached a value of nearly $1.25 billion in 2023, having grown at a compound annual growth rate (CAGR) of 3.06% since 2018. The market is expected to grow from $1.25 billion in 2023 to $1.6 billion in 2028 at a rate of 5.12%. The market is then expected to grow at a CAGR of 5.92% from 2028 and reach $2.14 billion in 2033.
Growth in the historic period resulted from steady expansion of the automotive industry, growth in production of passenger and commercial vehicles and increased demand for customization options and replacement parts. Factors that negatively affected growth in the historic period were increase in counterfeit products and increasing cost of raw materials used in automobiles.
Going forward, increase in demand for electric vehicles, increasing government initiatives for automotive and auto parts manufacturing, initiatives and partnerships for the use of sustainable materials in automotive manufacturing and rise in the automotive aftermarket industry and auto parts manufacturing will drive the market. Factors that could hinder the growth of the automotive flooring market in the future include restrictions on free trade and an increase in natural rubber prices.
The automotive flooring market is segmented by product into carpet and mats. The carpet market was the largest segment of the automotive flooring market segmented by product, accounting for 75.60% or $947.81 million of the total in 2023. Going forward, the mats segment is expected to be the fastest growing segment in the automotive flooring market segmented by product, at a CAGR of 6.00% during 2023-2028.
The automotive flooring market is segmented by distribution channel into OEM (original equipment manufacturer) and aftermarket. The OEM (original equipment manufacturer) market was the largest segment of the automotive flooring market segmented by distribution channel, accounting for 77.80% or $975.44 million of the total in 2023. Going forward, the aftermarket segment is expected to be the fastest growing segment in the automotive flooring market segmented by distribution channel, at a CAGR of 5.35% during 2023-2028.
The automotive flooring market is segmented by application into passenger cars, light commercial vehicles and heavy commercial vehicles. The passenger cars market was the largest segment of the automotive flooring market segmented by application, accounting for 66.88% or $838.56 million of the total in 2023. Going forward, the heavy commercial vehicles segment is expected to be the fastest growing segment in the automotive flooring market segmented by application, at a CAGR of 5.33% during 2023-2028.
The automotive flooring market is segmented by material into polyurethane, polypropylene, rubber, nylon and other materials. The polypropylene market was the largest segment of the automotive flooring market segmented by material, accounting for 39.89% or $500.17 million of the total in 2023. Going forward, the nylon segment is expected to be the fastest growing segment in the automotive flooring market segmented by material, at a CAGR of 6.68% during 2023-2028.
Asia-Pacific was the largest region in the automotive flooring market, accounting for 42.74% or $535.85 million of the total in 2023. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the automotive flooring market will be Asia-Pacific and Western Europe, where growth will be at CAGRs of 5.76% and 4.98% respectively. These will be followed by North America and Eastern Europe, where the markets are expected to grow at CAGRs of 4.75% and 4.41% respectively.
The global automotive flooring market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up to 78.6% of the total market in 2022. Prominent players are acquiring the products and entering into partnerships with the other companies to consolidate their market positions across the globe, while others are distributing products. Toyota Boshoku Corporation was the largest competitor with a 19.34% share of the market, followed by Hyosung Advanced Materials Corporation with 12.07%, Autoneum Holding AG with 10.60%, Suminoe Textile Co., Ltd. with 8.19%, Adler Pelzer Group with 6.71%, Hayashi Telempu Co. Ltd with 6.34%, Shanghai Shenda Co., Ltd. with 5.97%, 3M Company with 5.74%, Auto Custom Carpets, Inc. with 2.56% and KAP Industrial Holdings Limited with 1.05%.
The top opportunities in the automotive flooring market segmented by product will arise in the carpet segment, which will gain $252.05 million of global annual sales by 2028. The top opportunities in the automotive flooring market segmented by distribution channel will arise in the OEM (original equipment manufacturer) segment, which will gain $272.56 million of global annual sales by 2028. The top opportunities in the automotive flooring market segmented by application will arise in the passenger cars segment, which will gain $233.89 million of global annual sales by 2028. The top opportunities in the automotive flooring market segmented by material will arise in the polypropylene segment, which will gain $150.29 million of global annual sales by 2028. The automotive flooring market size will gain the most in China at $109 million.
Market-trend-based strategies for the automotive flooring market include focus on strategic collaborations with the major international materials manufacturing companies, focus on developing new, innovative products, focus on the integration of eco-friendly or sustainable materials in the manufacturing of automotive spare parts and accessories, focus on adopting 3D printing technology and focus on concentrating on developing innovative lightweight materials.
Player-adopted strategies in the automotive flooring market include focus on strengthening business capabilities through investment and expansion of new plants.
To take advantage of the opportunities, the analyst recommends the automotive flooring companies to focus on driving growth through innovative product development, focus on sustainable material integration for environmental impact, focus on innovating lightweight materials for sustainable ev solutions, focus on accelerating growth through the expanding mats market segment, focus on the polyurethane and nylon material segments, expand in emerging markets, continue to focus on developed markets, focus on strategic collaborations to enhance market position, focus on capturing opportunities in the aftermarket distribution channel segment, focus on diversifying distribution channels for market expansion, provide competitively priced offerings, focus on strategic pricing for competitive edge, participate in trade shows and events, continue to use B2B promotions, focus on integrated promotional strategies for market visibility, focus on expanding business in passenger cars and light commercial vehicles application segments and focus on customer-centric strategies to target automotive end-users.
The global automotive flooring market reached a value of nearly $1.25 billion in 2023, having grown at a compound annual growth rate (CAGR) of 3.06% since 2018. The market is expected to grow from $1.25 billion in 2023 to $1.6 billion in 2028 at a rate of 5.12%. The market is then expected to grow at a CAGR of 5.92% from 2028 and reach $2.14 billion in 2033.
Growth in the historic period resulted from steady expansion of the automotive industry, growth in production of passenger and commercial vehicles and increased demand for customization options and replacement parts. Factors that negatively affected growth in the historic period were increase in counterfeit products and increasing cost of raw materials used in automobiles.
Going forward, increase in demand for electric vehicles, increasing government initiatives for automotive and auto parts manufacturing, initiatives and partnerships for the use of sustainable materials in automotive manufacturing and rise in the automotive aftermarket industry and auto parts manufacturing will drive the market. Factors that could hinder the growth of the automotive flooring market in the future include restrictions on free trade and an increase in natural rubber prices.
The automotive flooring market is segmented by product into carpet and mats. The carpet market was the largest segment of the automotive flooring market segmented by product, accounting for 75.60% or $947.81 million of the total in 2023. Going forward, the mats segment is expected to be the fastest growing segment in the automotive flooring market segmented by product, at a CAGR of 6.00% during 2023-2028.
The automotive flooring market is segmented by distribution channel into OEM (original equipment manufacturer) and aftermarket. The OEM (original equipment manufacturer) market was the largest segment of the automotive flooring market segmented by distribution channel, accounting for 77.80% or $975.44 million of the total in 2023. Going forward, the aftermarket segment is expected to be the fastest growing segment in the automotive flooring market segmented by distribution channel, at a CAGR of 5.35% during 2023-2028.
The automotive flooring market is segmented by application into passenger cars, light commercial vehicles and heavy commercial vehicles. The passenger cars market was the largest segment of the automotive flooring market segmented by application, accounting for 66.88% or $838.56 million of the total in 2023. Going forward, the heavy commercial vehicles segment is expected to be the fastest growing segment in the automotive flooring market segmented by application, at a CAGR of 5.33% during 2023-2028.
The automotive flooring market is segmented by material into polyurethane, polypropylene, rubber, nylon and other materials. The polypropylene market was the largest segment of the automotive flooring market segmented by material, accounting for 39.89% or $500.17 million of the total in 2023. Going forward, the nylon segment is expected to be the fastest growing segment in the automotive flooring market segmented by material, at a CAGR of 6.68% during 2023-2028.
Asia-Pacific was the largest region in the automotive flooring market, accounting for 42.74% or $535.85 million of the total in 2023. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the automotive flooring market will be Asia-Pacific and Western Europe, where growth will be at CAGRs of 5.76% and 4.98% respectively. These will be followed by North America and Eastern Europe, where the markets are expected to grow at CAGRs of 4.75% and 4.41% respectively.
The global automotive flooring market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up to 78.6% of the total market in 2022. Prominent players are acquiring the products and entering into partnerships with the other companies to consolidate their market positions across the globe, while others are distributing products. Toyota Boshoku Corporation was the largest competitor with a 19.34% share of the market, followed by Hyosung Advanced Materials Corporation with 12.07%, Autoneum Holding AG with 10.60%, Suminoe Textile Co., Ltd. with 8.19%, Adler Pelzer Group with 6.71%, Hayashi Telempu Co. Ltd with 6.34%, Shanghai Shenda Co., Ltd. with 5.97%, 3M Company with 5.74%, Auto Custom Carpets, Inc. with 2.56% and KAP Industrial Holdings Limited with 1.05%.
The top opportunities in the automotive flooring market segmented by product will arise in the carpet segment, which will gain $252.05 million of global annual sales by 2028. The top opportunities in the automotive flooring market segmented by distribution channel will arise in the OEM (original equipment manufacturer) segment, which will gain $272.56 million of global annual sales by 2028. The top opportunities in the automotive flooring market segmented by application will arise in the passenger cars segment, which will gain $233.89 million of global annual sales by 2028. The top opportunities in the automotive flooring market segmented by material will arise in the polypropylene segment, which will gain $150.29 million of global annual sales by 2028. The automotive flooring market size will gain the most in China at $109 million.
Market-trend-based strategies for the automotive flooring market include focus on strategic collaborations with the major international materials manufacturing companies, focus on developing new, innovative products, focus on the integration of eco-friendly or sustainable materials in the manufacturing of automotive spare parts and accessories, focus on adopting 3D printing technology and focus on concentrating on developing innovative lightweight materials.
Player-adopted strategies in the automotive flooring market include focus on strengthening business capabilities through investment and expansion of new plants.
To take advantage of the opportunities, the analyst recommends the automotive flooring companies to focus on driving growth through innovative product development, focus on sustainable material integration for environmental impact, focus on innovating lightweight materials for sustainable ev solutions, focus on accelerating growth through the expanding mats market segment, focus on the polyurethane and nylon material segments, expand in emerging markets, continue to focus on developed markets, focus on strategic collaborations to enhance market position, focus on capturing opportunities in the aftermarket distribution channel segment, focus on diversifying distribution channels for market expansion, provide competitively priced offerings, focus on strategic pricing for competitive edge, participate in trade shows and events, continue to use B2B promotions, focus on integrated promotional strategies for market visibility, focus on expanding business in passenger cars and light commercial vehicles application segments and focus on customer-centric strategies to target automotive end-users.
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Automotive Flooring Market - Macro Economic Scenario
9 Global Market Size and Growth
10 Global Automotive Flooring Market Segmentation
11 Automotive Flooring Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
22 Key Mergers and Acquisitions
23 Opportunities and Strategies
24 Automotive Flooring Market, Conclusions and Recommendations
25 Appendix
Executive Summary
Automotive Flooring Global Market Opportunities And Strategies To 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global automotive flooring market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for automotive flooring? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The automotive flooring market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider automotive flooring market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics: Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by product, by distribution channel, by application and by material.
- Key Trends: Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario: The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on the global and regional markets, providing strategic insights for businesses in the automotive flooring market.
- Global Market Size and Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis: Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation: Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by product, by distribution channel, by application and by material in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth: Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape: Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions: Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies: Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations: This section includes recommendations for automotive flooring providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix: This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) By Product: Carpet; Mats2) By Distribution Channel: OEM (Original Equipment Manufacturer); Aftermarket
3) By Application: Passenger Cars; Light Commercial Vehicles; Heavy Commercial Vehicles
4) By Material: Polyurethan; Polypropylene; Rubber; Nylon; Other Materials
Key Companies Mentioned: Toyota Boshoku Corporation; Hyosung Advanced Materials Corporation; Autoneum Holding AG; Suminoe Textile Co Ltd; Adler Pelzer Group
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia.
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; automotive flooring indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- Toyota Boshoku Corporation
- Hyosung Advanced Materials Corporation
- Autoneum Holding AG
- Suminoe Textile Co Ltd
- Adler Pelzer Group
- Hayashi Telempu Co Ltd
- Shanghai Shenda Co Ltd
- 3M Company
- Auto Custom Carpets Inc.
- KAP Industrial Holdings Limited
- Flowcrete
- BVG Flooring
- Greenlam Industries
- Notion Flooring
- Longda Flooring
- Zhangjiagang YIHUA Rundong New Material Co Ltd
- Golink Floor Factory
- Sika UK
- Garage Style Ltd
- Flowcrete UK
- Milliken Flooring
- Saloni Ceramic SA
- Gruppo Ceramiche Ricchetti SpA
- Forbo Flooring GmbH
- PolyFlor
- Corry Rubber Corporation
- Toyota Boshoku
- Conform Automotive
- Autoneum Holding AG
- Freudenberg Performance Materials
- GGBAILEY
- HP Pelzer Automotive System Inc
- ZF Friedrichshafen AG
- IPUFLOR RUS Ltd
- Trade House SYNERGY
- Ford Sollers Holding
- Mohawk Industries Inc
- Interface Inc
- 3M Company
- DuPont de Nemours Inc.
- IAC Group
- Milliken & Company
- Magna International Inc
- Maple Leaf Carpet & Tile
- Spraytech Inc
- Grupo Kaltex
- Trinity Industries Inc
- Grupo Antolin
- Aurora
- Grupo Kaltex
- Santista Têxtil
- Fábrica Argentina de Alpargatas S.A. (FAA)
- Grupo Antolin
- Tricot Rapel S.A.
- Cintasa S.A.
- Fabricato
- Sodimac Colombia
- Dinatec S.A.C
- Orlite Industries Ltd.
- Mul-T-Lock
- Zahid Group
- Aljomaih Automotive Company
- Al-Futtaim Automotive
- Al Habtoor Motors
- Nasser Bin Khaled (NBK) & Sons Automotive
- Ghabbour Auto
- General Motors Egypt
- Volkswagen Group South Africa
- Innoson Vehicle Manufacturing Company