Global Automotive Flooring Market to Acquire USD 1354.8 MN (Revenue) By 2025
Posted On July 16, 2019
As per the recent analysis by Value Market Research, on the Global Automotive Flooring Market, the market is anticipated to reach USD 1354.8 MN (revenue) by 2025 with a CAGR of 6% during 2019-2025 which was valued USD 901 MN in 2018. Factors such as rising automotive production along with the increasing application of flooring for protection of interior is primarily governing the market growth. Growing demand for aesthetic car look and innovative interior comfort coupled with the advancement in the automotive flooring product is further anticipated to enhance the market value. Additionally, growing production of eco-friendly materials with enhanced performance along with the rising investment by government in the automotive industry for improving vehicle infrastructure will further favor the market growth. Moreover, growing importance of noise and heat insulation in order to enhance vehicle durability, comfort, and passenger safety is also expected to fuel industry expansion.
Automotive flooring is usually done inside the vehicle in order to safeguard the original surface from corrosion, wear, and other foreign particles. Automotive flooring keeps the interior fresh and increases the durability of the surface because it offers protection to the vehicle interior and also offer an attractive aesthetic look inside the vehicle. Automotive flooring materials can be classified into nylon, polypropylene, polyurethane, and rubber which are used to manufacture different products like mats and carpets and come in various shapes, design, and size.
The report "Global Automotive Flooring Market Report By Type (Polyurethane, Polypropylene, Nylon, Rubber, And Others), By Applications (Commercial And Passenger) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2018-2025" include entire market study based on the historical data and projections.
Segmentation has been done on the basis of type, application, and region. Type include polyurethane, polypropylene, nylon, rubber, and others. Polyurethane held the leading position because it has excellent mechanical properties and also possesses a superior noise-insulating property which makes them an ideal material for the production of auto components and flooring products. The application segment covers commercial and passenger. Out of which, passengers segment has emerged as the largest application area owing to the rising production of passenger cars across developing regions because of ongoing rapid urbanization. Geographical segmentation covers North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific is dominating the overall market owing to the rising number of automotive production across emerging economies like China, India, and South Korea coupled with the growing importance of passenger safety and comfort.
The Report Segments Global Automotive Flooring Market -
Middle East & Africa
Players Profiled In The Report:
Apache Mills, Inc., Autoneum Holding Ltd., Conform Automotive, Corry Rubber Corporation, Derby Fabricating Solutions, LLC, Faurecia SA, Freudenberg Performance Materials, HP Pelzer Automotive System Inc., Synova Carpets, LLC and Toyota Boshuku Canada Inc
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