Market Synopsis: Global Automotive Floor Mats Market
Nowadays, customers are not only focus on the performance of the vehicle but also pay attention towards the convenience and comfort. The automotive floor mats play a crucial role in delivering the comfort and maintaining hygiene in a car. In addition, increasing preference for lighter, more efficient, aesthetically-pleasing automotive floor mats, and comforting features are anticipated to drive the growth of the global automotive floor mats market. However, the recent pandemic crisis and economic slowdown have declined the growth for a limited period. The rising population and the necessity of new automotive ways to address consumer demand are likely to drive the growth of the global automotive floor mats market over the forecast period. The automotive floor mats market in emerging economies is expected to grow with a significant CAGR during the forecast period, 2022-2030.
Impact of Covid-19 pandemic on market
COVID-19 crisis impacted manufacturers involved in various industries and obstructed the entire supply chain, from raw materials to end product delivery. Moreover, government and policymakers are mostly engaged in handling and controlling the medical crisis to meet a healthy and safe environment for the nation's population. The lack of understanding to manage economic risks and the business sector is expected to put the economic and industrial growth towards vulnerability. The report will include the impact of COVID-19 on the target market in detail.
Market Dynamics: Global Automotive Floor Mats Market
Rising adoption of variety of automotive floor mats like plastic mats, rubber mats, all-weather mate in the automobile industry, expected to boost the growth of the global automotive floor mats market during the forecast period.
The company’s focus and goal of making a decisive contribution to shaping technological progress in business segments are likely to propel the demand and increase the sales volume of automotive floor mats across the global market.
However, fluctuating the price of raw materials, lack of awareness and disrupted supply chains in underdeveloped countries has been a prominent hindrance for the global automotive floor mats market. Furthermore, the growing production cost and short life of resources may hamper the growth of the global automotive floor mats market.
Market Segmentation: Global Automotive Floor Mats Market
The global Automotive Floor Mats market is segmented based on product type, material type, vehicle type, distribution channel, and regions.
Based on vehicle type, the target market is segregated into Passenger car, LCV’s, and HCV’s. The passenger car segment is anticipated to promote the demand for floor mates due to its high volume usage in passenger cars. The target market is segmented based on material type as nylon, rubber, polyurethane, and polypropylene. The rubber mats offer better oil resistance, absorption in automobiles, noise & vibration insulation, owing to high-density and consistency of rubber. This results, the rubber segment of material type is anticipated to grow with highest CAGR during the forecast period.
Based on the distribution channel, the global automotive floor mats market is segmented into OEM and aftermarket. With considerable growth in the OEM’s distribution channel, the global automotive floor mats market is expected to experience significant CAGR in coming years.
Regional Overview: Global Automotive Floor Mats Market
In the region, the global automotive floor mats market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. During the forecast period, the Asia Pacific automotive floor mats market is projected to endure its dominance owing to demand from increasing population and urbanization leveraging the automotive industry. Moreover, China’s strategy to scale the production capacity reducing manufacturing cost in the automotive industry is likely to facilitate the global automotive floor mats market.
North America is estimated to a substantial share of market in terms of revenue, mainly owing to the recovery of automobile industry of US as well as growing automobile industry in Mexico, expected to drive the global automotive floor mats market in this region during the forecast period.
Competitive Landscape: Global Automotive Floor Mats Market
The key players operating in the global Automotive Floor Mats market include Husky Liners, Inc., Maxliner USA, CURT Manufacturing LLC., RACEMARK International, LLC., Omix-ADA, Inc., Stinzo Auotmotives Pvt Ltd., MacNeil IP LLC, Lloyd Mats Inc., Prestige Loop Mats Industries Private Limited., ExactMats Inc., Vaccess India Pvt Ltd., KK Motors Inc., Auto Custom Carpets, Inc., Zhengjiang The Best Craft Co.,Ltd., Network Auto Products and other players. The market players have an opportunity to work on establishing and improving new distribution channels to attract the prominent consumer segment across developing countries.
Detailed Segmentation: Global Automotive Floor Mats Market
The base year for estimation
Revenue in USD Million & CAGR from 2022-2030
By Product Type – All Weather Mats, Carpet Mats, Logo Mats, and Aluminum Mats
By Material Type – Nylon, Rubber, Polyurethane and Polypropylene
By Vehicle Type – Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles
By Distribution Channel – OEM and Aftermarket
North America - U.S., Canada
Europe - Germany, UK, Spain, France, Italy, Russia, Rest of Europe
Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
Latin America - Brazil, Mexico, Argentina, Rest of Latin America
Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2028. For the purpose of this study, analyst has segmented the global Automotive Floor Mats market report based on the product type, material type, vehicle type, distribution channel, and region.
Global Automotive Floor Mats Market, By Product Type:
All Weather Mats
Global Automotive Floor Mats Market, By Material Type:
Global Automotive Floor Mats Market, By Vehicle Type:
Light Commercial Vehicles
Heavy Commercial Vehicles
Global Automotive Floor Mats Market, By Distribution Channel: