Automotive Carpeting Market
In order to protect interiors of the vehicles from dirt, corrosion, and water, consumers use floor mats and carpets. The global automotive carpeting market is expected to grow at a fast pace during the forecast period. Some of the major factor driving the growth of the market are the growing automotive industry in the Asia-Pacific region, increasing focusing towards the manufacturing of light-weight vehicles, and growing availability of non-fabric substitutes.
Passenger Cars – the Largest Segment
Passenger cars account for the largest market share in the automotive carpeting market. With the growing demand for light-weight vehicles, increasing disposable income, especially in the emerging economies, the demand for passenger cars has been continually increasing. Additionally, with the rising focus of the consumers towards enhancing the interiors of the vehicles and the increased spending on the floor mats and overall carpeting is expected to propel the growth of the market.
Source – OICA and Mordor Intelligence
Asia-Pacific Expected to be the Automotive Carpeting Market Leader
As more than 50% of the vehicles are manufactured in Asia-Pacific region, the region accounts for the largest share, in terms of demand for automotive carpeting across the globe. Additionally, with rapid urbanization in countries such as India, China, ASEAN Countries, the demand for and sales of passenger vehicles has been continually increasing, in turn boosting the demand for carpeting in the automotive industry.
Apart from passenger cars, with the growing environmental concerns among both the consumers and governments in the region, the adoption of electric vehicles has increased significantly, especially in China, which is also expected to drive the market for carpeting.
The market study on global automotive carpeting is segmented into nylon, acrylic, olefins, and fiber based on material type; floor carpet and trunk trim based on components type; and passenger and commercial based on vehicle type.
Automotive Carpeting Market Key Developments:
December 2017: Hyosung announced that the automotive carpets that were manufactured from yarn were applied to LS and LS 500, of the Toyota Lexus model, which was launched in 2017
Automotive Carpeting Market Key Industry Players: Faurecia SA, Borgers AG, Magna International, Sugihara Co. Ltd., Bharat Seats Ltd, amongst others.
Reasons to Purchase Automotive Carpeting Market Report:
- To study current and future market outlook in the developed and emerging markets
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Detailed analysis of the segment that is expected to dominate the market
- Regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares and strategies employed by the major market players.
- 3 months analyst support along with the Market Estimate sheet in excel.
Automotive Carpeting Market Report Customization and Benefits:
This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.
1.1 Scope of the Market
1.2 Executive Summary
2. Research Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Phases
3. Market Insights
3.1 Current Market Scenario
3.2 Industry Attractiveness - Porter's Five Force Analysis
3.2.1 Bargaining Power Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Technological Trends
3.4 Raw Material Analysis
4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Growth, and Forecasts)
5.1 By Material Type
5.2 By Component Type
5.2.1 Floor Carpet
5.2.2 Trunk Trim
5.3 By Vehicle Type
5.3.1 Passenger Cars
5.3.2 Commercial Vehicles
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 North America
6.1.1 United States
6.1.4 Rest of North America
6.2.2 United Kingdom
6.2.6 Rest of Europe
6.3.4 South Korea
6.3.5 ASEAN Countries
6.3.6 Rest of Asia-Pacific
6.4 South America
6.4.3 Rest of South America
6.5 Middle East and Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East and Africa
7. Competitive Landscape
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and SWOT Analysis)
8.1 Alliance Interiors LLC
8.2 BBI Enterprises Group
8.3 Faurecia SA
8.4 Magna International
8.5 Borgers AG
8.6 Autoneum Holding Ltd.
8.7 International Automotive Components Group
8.8 UGN Inc.
8.9 Reyes Amtex Automotive LLC
8.10 Toyota Boshoku Corp.
8.11 Hayashi Telempu Co. Ltd.
8.12 Sugihara Co. Ltd.
8.13 Kasai Kogyo Co., Ltd.
8.14 Shenyang Jinbei Yanfeng Automotive Interiors Co., Ltd.
8.15 Bharat Seats Ltd.
8.16 BAIC Hanil (Cangzhou) Automotive Trim Co., Ltd.
*List not Exhaustive
**Subject to Availability on Public Domain