A new report published by Transparency Market Research anticipates that the rise in production of vehicles will augment the automotive flooring market during the forecast period i.e., 2018-2026. Also, increasing trend of using vehicle floor carpets, owing to the enhancement in appearance of vehicle interior and protection of vehicle floor, is another key factor, as per the report, that is expected to boost the automotive flooring market.
Moreover, stringent regulations by governing bodies of the automotive industry due to account of safety hazards have prompted OEMs and vehicle manufacturers to offer economical and safe automotive flooring, thereby further fueling the growth of the global automotive flooring market.
The global automotive flooring market, according to the report, is segmented in terms of material, product, vehicle, sales channel, and region. In accordance with material, the automotive flooring market is segregated into polyurethane, polypropylene, nylon, rubber, and others. Among these, the nylon segment is anticipated to account for a prominent share of the automotive flooring market. This is ascribed to its explicit properties such as light weight, flexibility, cost-effectiveness, and strength.
Based on product, the automotive flooring market is bifurcated into carpet and mat. The carpet segment, out of these two, is projected to hold a higher share of the automotive flooring market, as compared to the mat segment. Carpet protects the vehicle floor from dirt, heat, friction, and dampens noise from the engine, which in turn leads to noiseless passenger cabin and a comfortable vehicle ride.
The passenger vehicle segment, based on vehicle segmentation of the market, dominates the automotive flooring market. The report attributes this growth to the higher production and sales of passenger vehicles. Passenger vehicles are witnessing an increasing demand for esthetic appealing vehicle interiors owing to the ability of automotive flooring to improve vehicle interior, comfort, and ride quality.
To know more about each segment of the automotive flooring market and the overall market outlook, click here.
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