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Report Overview

The global automotive floor carpet market attained a value of nearly USD 1,018.36 million in 2023. The market is further expected to grow at a CAGR of 3.2% during the forecast period of 2024-2032 to reach a value of USD 1,352.10 million by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Automotive Floor Carpet Market Report Summary Description Value
Base Year USD Million 2023
Historical Period USD Million 2018-2023
Forecast Period USD Million 2024-2032
Market Size 2023 USD Million 1,018.36
Market Size 2032 USD Million 1,352.10
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 3.2%
CAGR 2024-2032 - Market by Region Asia Pacific 4.1%
CAGR 2024-2032 - Market by Country India 4.8%
CAGR 2024-2032 - Market by Country Saudi Arabia 3.6%
CAGR 2024-2032 - Market by Type Non-Woven 3.5%
CAGR 2024-2032 - Market by Application Passenger Vehicles 3.6%
Market Share by Country 2023 Mexico 1.8%

Global Automotive Floor Carpet Market

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Automotive Floor Carpet Market Growth

Moulded floor carpets are increasingly being incorporated into modern vehicles. Technological improvements are leading to fresh, light, and durable textiles and carpets being developed. The increasing demand for passenger vehicles, changing consumer preference towards quality and comfort, availability of unique designs, and evolving automobile aftermarket services are the major drivers for the growth of the automotive floor carpet market. Fluctuating raw material prices is the primary constraint for this market, which may hamper industry growth during the forecast period.

Automotive Floor Carpet Market Trends

The advent of smart technology such as smart sensors and fabrics into vehicle carpets to enhance their functionality is a crucial trend in the automotive floor carpet market. These technologies can monitor the temperature, enhance the comfort in the vehicle and pave the way for intelligent vehicles in the coming years.

Recent Developments

As per the automotive floor carpet market dynamics and trends, Autoneum, a Swiss-based company, announced that it has developed a recyclable carpet system in 2022, which is made of polyester. This target is expected to contribute to the sustainability goals of the automotive sector.

Industry Outlook

According to the automotive floor carpet industry analysis, between April 2022 to March 2023, the total vehicle production was 2,59,31,867 units. Sales of commercial vehicles increased from,75,989 to 6,03,465 units and sales of passenger vehicles went from 30,69,523 to 38,90,114 units in the fiscal year of 2022-23, compared to the previous term. Additionally, the export of passenger vehicles increased from 5,77,875 to 6,62,891 units whereas the export of commercial vehicles decreased from decreased from 92,297 to 78,645 units.

As per the industry reports, between January to July 2023, the total EV registration witnessed an increase of 17.6%. The registration of new hybrid EVs witnessed an increase of 31.6% in July. Germany saw a growth of 46.6%, France 32.8%, and Italy 16.7%. Moreover, the petrol cars witnessed an increase of 5% in July. This growth was driven by the rising sales of these cars in France and Germany, which can provide lucrative opportunities for the growth of the automotive floor carpet industry.

Market players are continuously making efforts to implement recyclable materials into their vehicles as a part of their sustainability strategy. For instance, Volkswagen announced that it is making its ID range of electric vehicles, ID.3, ID.4, ID.5 and ID.7, more sustainable through the usage of leather-free and recyclable materials. For example, the company is using recycled polyester in the production of floor covering and headliner of the ID Buzz. These efforts are expected to contribute to the automotive floor carpet industry revenue.

Several market players are expanding their market outreach by offering their products to new entrants. Uniproducts India announced that it is aiming for 15% growth of the company by 2027 by supplying its products to new automakers. The company is a primary provider of auto parts and accessories such as roof liners, insulation materials, and floor carpets, among others in the automotive floor carpet industry.

Factors Driving the Success of the Global Market

  • Rising global vehicle production boosts demand for automotive floor carpets.
  • Growing demand for enhanced comfort and interior aesthetics in vehicles.
  • Innovations in materials and manufacturing processes enhance durability and appearance and boost automotive floor carpet demand growth.
  • Higher sales of luxury vehicles for premium floor carpets.
  • Growth in aftermarket sales and customization.

Challenges Impacting the Global Market

  • Fluctuating raw material prices such as nylon and polyester.
  • Stringent regulations on the use of certain materials and chemicals.
  • High competition among key players can negatively influence the automotive floor carpet demand forecast.
  • Substitute products such as rubber mats.
  • Supply chain disruptions affecting raw material availability and production.
  • Rapid technological advancements requiring continuous innovation and adaptation.

Key Trends Shaping the Global Market

  • Increasing use of recyclable and eco-friendly materials in carpet manufacturing.
  • Growing trend of customization and personalization increases automotive floor carpet market revenue.
  • Advanced manufacturing techniques like 3D printing and automated cutting.
  • Focus on noise reduction materials to enhance vehicle cabin quietness.

Key Players in the Global Market and Their Strategic Initiatives

The key players in the global automotive floor carpet market include Paragon Union Berhad, Corinthian Automotive, Autoneum Holding AG, AGM Automotive, LLC, and Toyota Boshoku Corporation.

Autoneum Holding AG

  • Innovative Product Development: Focuses on developing advanced automotive floor carpets with improved durability, aesthetics, and functionality through significant R&D investments which can aid automotive floor carpet market opportunities. 
  • Customization and Personalization: Offers customized and personalized floor carpet options to meet diverse consumer preferences, providing tailored solutions that integrate with vehicle interior design and branding.
  • Focus on Noise Reduction: Develops floor carpets with sound-absorbing materials to enhance vehicle cabin quietness, improving acoustic performance to meet consumer demand for quieter interiors.

AGM Automotive, LLC

  • Customization and Personalization: Provides customized and personalized floor carpet options, offering tailored solutions that integrate with the vehicle’s interior design and branding, fuelling the demand of automotive floor carpet market. 
  • Advanced Manufacturing Techniques: Utilizes advanced manufacturing techniques such as 3D printing and automated cutting to improve precision, reduce costs, and increase production efficiency.

Toyota Boshoku Corporation

  • Sustainability and Eco-friendly Practices: Prioritizes the use of sustainable and eco-friendly materials, adopting green manufacturing practices to reduce environmental impact.
  • Strategic Acquisitions and Partnerships: Enhances market presence through strategic acquisitions and partnerships, expanding product portfolios and entering new market segments, which can increase the automotive floor carpet market revenue.
  • Global Expansion and Localization: Pursues global expansion by establishing new manufacturing facilities and R&D centres in key regions, localizing products to cater to regional market needs and preferences.

Global Automotive Floor Carpet Market

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Automotive Floor Carpet Industry Segmentations

Automotive floor carpet or moulded carpet refers to the carpet used inside the vehicles to avoid dust and dirt from entering the car cabin. The automotive floor carpet also offers drivers’ and passengers’ feet with cushioning. The automotive floor carpet industry can be segmented into type and application.

Based on its type, the market can be categorised as non-woven and tufted.

Based on its application, the market can be divided into:

  • Passenger Vehicles 
  • Commercial Vehicles

The EMR report looks into the regional markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

CAGR 2024-2032 - Market by Country
India 4.8%
Saudi Arabia 3.6%
Canada 3.0%
Australia 2.8%
Japan 2.5%
USA XX%
UK XX%
Germany XX%
France XX%
Italy XX%
China XX%
Brazil XX%
Mexico XX%

Competitive Landscape

The report presents a detailed analysis of the following key players in the global automotive floor carpet industry, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Low & Bonar Plc 
  • Toyota Boshoku Corp.
  • Autoneum Holding Ltd. (AUTN (SWX)) [Autoneum] 
  • GRUPO ANTOLIN-IRAUSA, S.A.
  • Adler Pelzer Holding GmbH
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.

Global Automotive Floor Carpet Market

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Automotive Floor Carpet Market Regional Analysis

The Asia Pacific accounts for a major market share due to the rising demand for automotive cars, owing to the rise in disposable income in the region. Furthermore, the advent of advanced technologies to enhance the functionalities of a vehicle, including smart vehicle carpets is contributing to the automotive floor carpet demand.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment::

  • Type
  • Application
  • Region
Breakup by Type
  • Non-Woven
  • Tufted
Breakup by Application
  • Passenger Vehicles
  • Commercial Vehicles
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Low & Bonar Plc
  • Toyota Boshoku Corporation
  • Autoneum Holding AG
  • Grupo Antolin Irausa, S.A.
  • Adler Pelzer Holding GmbH
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

Automotive Floor Carpet Market Report Snapshots

Automotive Floor Carpet Market Size

Automotive Floor Carpet Market Growth

Automotive Floor Carpet Market Trends

Automotive Floor Carpet Companies

Automotive Floor Carpet Market Regional Analysis

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global automotive floor carpet market is projected to grow at a CAGR of 3.2% between 2024 and 2032.

The major drivers of the industry, such as the increased consumer focus on quality and comfort, rising disposable incomes, increased production and sales of automobiles, rising product demand from the developing regions, and the growing demand for automobile aftermarket services, are expected to aid the market growth.

The key market trends guiding the growth of the industry include rapid technological advancements, the launch of light and durable automotive floor carpets with unique designs, and the increasing consumer shift towards online platforms for product purchase.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Non-woven and tufted are the leading automotive floor carpet types in the industry.

The significant application segments of the product include passenger vehicles and commercial vehicles.

The major players in the industry are Low & Bonar Plc, Toyota Boshoku Corp., Autoneum Holding Ltd., GRUPO ANTOLIN-IRAUSA, S.A., and Adler Pelzer Holding GmbH, among others.

In 2023, the market reached a value of approximately USD 1,018.36 million.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1,352.10 million by 2032.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124