The global automotive flooring market size is expected to reach USD 48.09 billion by 2030, registering a CAGR of 3.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rapidly growing automotive industry across the globe has been and is expected to drive the overall market growth. Further, the changing consumer preference towards enhanced passenger comfort and vehicle aesthetics is anticipated to propel market growth over the forecast period.
The increasing use of insulating mats and related products for carpet protection, comfort, and aesthetics in passenger cars is expected to drive the product demand in the near future. The growing importance of noise reduction and thermal insulation is also expected to have positive impacts on product demand during the forecast period.
The demand for floor carpets in automobiles for the protection of the floor is directly proportional to the demand for vehicles. The increasing production of LCV and HCV in Asia Pacific is expected to drive the product demand in commercial vehicles, mainly on account of the presence of a large number of major OEMs in economies such as China and India.
The industry is expected to witness the highest growth in the mats product segment, expected to grow at a CAGR of 6.0% during the forecast period, in terms of revenue. The presence of key manufacturers with a massive geographical reach such as ACC, AGM Automotive, and 3M Company, with a gamut range of carpets and mats, is expected to drive the overall industry demand over the forecast period.
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The automotive flooring market was valued at USD 37.18 billion in 2023 and is expected to grow at a CAGR of 3.5% during the forecast period on account of the increasing global vehicle production.
The polyurethane material segment accounted for the largest share of industry revenues in 2023.
Asia Pacific dominated the global market with a revenue share of 54.8% in 2023, primarily on account of the rapidly-growing automotive production in the region.
The key strategies adopted by the industry players include acquisitions and distribution agreements. For instance, AGM Automotive Inc. acquired Durmont Austria, a textile manufacturer involved in the production of carpets for commercial building and automotive applications.
Grand View Research has segmented the global automotive flooring market based on material, product, application, and region:
Automotive Flooring Product Outlook (Revenue, USD Million, 2018 - 2030)
Strips & Chips
Flakes
Bars
Others
Automotive Flooring Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
Offline
Online
Automotive Flooring Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Spain
Italy
Asia Pacific
China
India
Japan
Australia
South Korea
Latin America
Brazil
MEA
South Africa
List Of Key Players in the Automotive Flooring Market
HAYAKAWA EASTERN RUBBER CO.,LTD
IDEAL Automotive GmbH
Kotobukiya Fronte Co., Ltd.
SHANDONG EXCEEDING AUTO INTERIOR PARTS CO.,LTD
Suminoe Textile Co., Ltd.
HAYASHI TELEMPU CORPORATION
Magna International Inc.
Shanghai Shenda Co., Ltd.
TOYOTA BOSHOKU CORPORATION
Feltex
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