Market Overview

The automotive floor mats market is expected to witness significant growth over the forecast period. This is owing to increasing preference for lighter, more efficient, and aesthetically-pleasing automotive floor mats in the automotive industry. Although automotive mats are one of the highest-selling accessories in terms of volume, their low average selling price does not offer high revenue and profit. Automotive floor mats that are custom-fit offer edge-to-edge protection and add to the aesthetic quotient of the vehicle. According to Coherent Market Insights’ analysis, the global automotive floor mats market was valued US$ 7.91 million in 2017, and is expected to witness 4.1% growth rate to reach US$ 8.23 million by 2018. This growth is attributed to increasing automobile production worldwide. For instance, according to Organization Internationale des Constructeurs d'Automobiles (OICA), 4.49 million vehicles were produced in India in 2016, which later reached to 4.78 million units in 2017. Furthermore, increasing preference for comfort and safety among the populace in vehicles is expected to boost demand for automotive floor mats during the forecast period.

Increasing adoption of variety of automotive floor mats such as rubber mats, plastic mats, and textile mats in the automotive sector is also expected to boost the market growth. According to the Coherent Market Insights’ analysis, the automotive floor mats market is expected to witness significant growth by 2026, due to increasing demand for automotive vehicles in emerging economies of Asia Pacific such as China and India. For instance, according to India Brand Equity Foundation (IBEF), June 2018, the passenger car vehicle market in India is expected to reach 10 million units by 2020. Moreover, according to report published by World Economic Forum, in April 2016, the global number of cars on roads is expected to double by 2040, wherein the number of passenger cars is projected to reach two billion mark by 2040.

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Market Dynamics

Increasing use of materials such as rubber, plastic, textile, and nylon in the automotive sector is expected to drive the automotive floor mats market growth over the forecast period. The automotive flooring products segment for Heavy Commercial vehicles (HCVs) accounted for the largest share and is expected to continue the trend, owing to increasing production and demand for HCVs in emerging economies such as China, India, Mexico, Indonesia, and Brazil. These factors are expected to drive the market growth during the forecast period.

Detailed Segmentation:

Global Automotive Floor Mats, By Product Type:

Rubber Mats

Plastic Mats

Textile Mats

Others

Global Automotive Floor Mats, By Application:

Passenger Cars

LCVs

HCVs

Global Automotive Floor Mats, By Sales Channel:

OEMs

After Market



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Some of the key players operating in the global automotive floor mats market include, 3M, Auto Custom Carpet Inc., Autotech Nonwovens Pvt Ltd., Conform Automotive, Feltex, GAHH LLC, RACEMARK International, LLC, Lloyd Mats Inc., German Auto Tops Inc., Lear Corporation (Masland Corporation), Low & Bonar PLC, Suminoe Textile Co., Ltd., Toyota Boshoku Corporation, Walser GmbH, MacNeil Automotive Products Limited (WeatherTech), Husky Liners, Inc. (Truck Hero, Inc.), and Lund International, Inc.

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