The Worldwide Automotive Flooring Industry is Estimated to Reach $2.2 Billion by 2031 - ResearchAndMarkets.com | Business Wire

2022-11-10 15:29:44 By : Mr. Yuxin Lv

DUBLIN--(BUSINESS WIRE )--The "Automotive Flooring Market By Product, By Application, By Material, By Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.

According to this report the automotive flooring market was valued at $1.3 billion in 2021, and is estimated to reach $2.2 billion by 2031, growing at a CAGR of 5.8% from 2022 to 2031.

Automotive mat is a type of cover used in interior of a vehicle, which is made from rubber, plastic, and other man-made substances to provide comfort, durability, and safety. The automotive flooring includes floor mats and carpets that are used to protect the floor of the vehicle from dust and dirt.

They are available in different sizes & materials, which include synthetic rubber or textile materials. They are also available in two options - carpet mats and rubber mats. Fabrics, such as needle-felt carpets and tufted cut-pile carpets, are majorly used in automotive interiors as they possess high temperature resistance. Furthermore, tufted carpets are used in more expensive & luxury, while needle-punched nonwovens are used in intermediate or lower grade cars. Carpets usually have a rubberized backing.

Companies are focusing on innovation in the flooring segment. For instance, in 2018, SUVs, such as Mazda, Holden Acadia, Kia Sorento, and Toyota Kluger, have started offering digital fit floor liner to improve interior protection in premium models in Australia. Such innovative products fuel the growth of the flooring segment.

Moreover, low engine noise in the interior, increased protection & durability, and maximized shelf life of floor mats are some of the major reasons that drive the adoption of flooring mats.

The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investments. In addition, it includes Porter's five forces analysis to understand competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights competitive landscape of key players to increase their market share and sustain intense competition in the industry.

For more information about this report visit https://www.researchandmarkets.com/r/s1ofvc

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900