3 key trends fueling automotive flooring market forecast in 2019 and beyond
Increasing technological developments to explore lightweight and environment-friendly vehicle components will drive automotive flooring market share in the forthcoming years. Growing traffic has rendered an increased level of noise levels that have resulted in the adoption of acoustic insulation materials for vehicle cabins. There has been a shift in the consumer preference for comfort in vehicles with the rise in the disposable income at hand that will further contribute to the growth of the industry.
There have been several government regulations for the reduction of harmful emissions and lightweight interior products can offer improved overall fuel efficiency . With premium vehicle sales on the rise due to major consumer demand, manufacturers have increasingly been adopting carpets and flooring mats to be used in vehicles.
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Automakers have been installing vehicle trims mostly for their excellent properties of noise reduction and acoustics in-cabin. Europe has been producing vehicles on a large scale and happens to be one of the largest contributors to vehicle production in the world. There has been an increasing domestic and international demand for passenger vehicles in Europe that will foster automotive flooring industry trends.
Automotive flooring companies such as Autoneum, 3M, Hyosung Corporation, Low & Bonar and DuPont have been working on the expansion of their manufacturing facilities that will help improve the production capability as well as serve a large consumer base. Global automotive flooring industry size will surpass USD 1.8 billion by 2026.
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Explained below are a few trends impacting automotive flooring market forecast over the coming years:
1) Increased adoption of nylon-based products
Nylon segment is expected to exhibit a sturdy growth within the automotive flooring industry as it boasts increased heat as well as impact resistance properties. Products that use nylon provide an extremely high strength-to-weight ratio accompanied by substantial stain resistance.
Products made of nylon are usually easy to maintain and easy to clean which encourages its adoption in within the industry. These products have been made available in various colors and design options that are found to be highly appealing to customers.
2) Widening industrial & commercial applications
Booming construction sector across the globe and the steady increase in logistics will help drive the demand for heavy commercial vehicles in the future. Heavy commercial vehicles are the key to supporting major industrial operations and commercial trade, that also include agricultural and mining activities.
There is a rise in the need for HCVs as they have high ground clearance, large payload capacity for the passengers as well as transportation of cargoes in various terrain conditions which shall encourage production in terms of volume. The rising production of these vehicles shall help provide suitable growth prospects for automotive flooring market size in the coming years.
3) Consistent demand across OEM segment
With the rising awareness for personal comfort and safety, OEMs have been increasingly laying emphasis over products that must have enhanced quality assurance and wear & dust resistance. These products must cater to the needs of high-end as well as small vehicle customers, further influencing automotive flooring market industry outlook.
OEMs tend to explore collaborative manufacturing efforts that could help in the improvement of designs of various flooring products. Surging accuracy concerning product dimensions due to the deployment of advanced production machines as well as demand for excellent aesthetics and superior finish shall be a prime contributing factor to the growth of this segment.
Report Content
Chapter 1 Methodology & Scope
1.1 Research methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definitions & forecast parameters
1.1.5 Research Methodology, assumptions and forecast parameters
1.2 Data sources
1.2.1 Paid Sources
1.2.2 Secondary
1.2.3 Primary
Chapter 2 Executive Summary
2.1 Automotive flooring industry 3600 synopsis, 2014 – 2026
2.1.1 Business trends
2.1.2 Material trends
2.1.3 Product trends
2.1.4 Vehicle trends
2.1.5 Distribution channel trends
2.1.6 Regional trends
Chapter 3 Automotive Flooring Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2014 – 2026
3.3 Industry ecosystem analysis
3.3.1 Raw material suppliers
3.3.2 Manufacturers
3.3.3 Value addition at each stage
3.3.4 Profit margin analysis
3.3.5 Distribution channel analysis
3.3.5.1 OEM
3.3.5.2 Aftermarket
3.3.6 End-users
3.3.7 Vendor matrix
3.4 Technology landscape
3.4.1 Production process
3.4.1.1 Matched-mold thermoforming
3.4.2 Future trends
3.4.2.1 Floor carpets with acoustic optimization
3.5 Industry impact forces
3.5.1 Growth drivers by region
3.5.1.1 North America
3.5.1.1.1 Increasing automotive e-commerce influencing consumer buying behavior
3.5.1.2 Europe
3.5.1.2.1 Presence of major premium car manufacturers and component suppliers
3.5.1.3 Asia Pacific
3.5.1.3.1 Strong automotive aftermarket and preference for superior interiors
3.5.1.4 Latin America
3.5.1.4.1 Recovering economies along with increasing demand for commercial vehicles
3.5.1.5 MEA
3.5.1.5.1 Rising consumer inclination for high-end & luxury vehicles and increasing presence of distributors
3.5.2 Industry pitfall & challenges
3.5.2.1 Fluctuating vehicle sales in major regions
3.6 Regulatory landscape
3.6.1 North America
3.6.1.1 Code of Federal Regulations (CFR)
3.6.2 Europe
3.6.2.1 NF ISO 3795/ Federal Motor Vehicle Safety Standard (FMVSS)
3.6.3 Asia Pacific
3.6.3.1 AS 2001.2.28-1992
3.6.4 Latin America
3.7 Growth potential analysis, 2018
3.8 Porter’s analysis
3.9 Competitive landscape
3.9.1 Top players overview
3.9.2 Strategy dashboard
3.10 Porter’s analysis
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