AUTOMOTIVE FLOOR MATS MARKET ANALYSIS

Automotive Floor Mats MarketSize and Trends

According to Coherent Market Insights’ analysis, the global automotive floor mats market was valued US$ 11.7 million in 2022, and is expected to witness 4.5 % growth rate to reach US$ 16.6 million by 2030.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. This growth is attributed to increasing automobile production worldwide. For instance, For instance, Chinese motorists purchased around 23.56 million passenger cars in 2022. 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.

Global Automotive Floor Mats Market: Regional Insights

Asia Pacific accounted for the largest share in automotive floor mats market in 2022

In terms of revenue share, Asia Pacific led the world market in 2022. Due to factors including rising per capita income, rising vehicle production and sales, and improving consumer awareness of safety and comfort, the area is anticipated to maintain its dominance during the projection period. In addition, it is predicted that government programmes encouraging fuel efficiency would increase demand for electric cars in China and India, driving up product demand throughout the projection period.

Due to high consumer preference for luxury vehicles with cutting-edge safety features like airbags, anti-lock brakes (ABS), and start-stop technology, among others, which call for high-end floor mats with protection from harsh environmental conditions, North America accounted for a sizable portion of global revenue in 2022. Additionally, strict government rules that forbid the usage of specific kinds or combinations of floor mats depending on the kind of vehicle are anticipated to further spur regional expansion throughout the course of the anticipated timeframe.

Global Automotive Floor Mats Market- Trends

The growing demand for comfort and safety

The growing demand for comfort and safety in vehicle cabins will fuel the global automotive floor mats market development.