Automotive floor mats, also known as vehicle mats, are manufactured and designed in order to protect the vehicle floor from wear & tear, dirt & dust as well as corrosion. Automotive floor materials are gaining preference in the automotive floor mats market mainly owing to the aesthetic look bestowed to the vehicles. One of the significant applications of automotive floor mats is to keep vehicle floor clean and hygienic. Automotive floor mats are positioned on the floor of the vehicles as well as inside the vehicle luggage area to avoid exposure of inner parts of vehicle to dust and corrosion. Most of the automotive carpets can be removed for washing as well as cleaning and placed back properly. These factors are expected to propel growth of the global automotive floor mats market.
The global automotive floor mats market was valued at US$ 11.7 million in 2022, and is projected to reach US$ 16.6 million by 2030, exhibiting a CAGR of 4.5% over the forecast period, according to Global Automotive Floor Mats Market Report, by Product Type (Rubber Mats, Plastic Mats, Textile Mats, and Others), by Application (Passenger Cars, LCVs, and HCVs), by Sales Channel (OEMs and Aftermarket), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).
Global Automotive Floor Mats Market: Drivers
Increasing use of materials such as rubber, plastic, textile, and nylon in the automotive sector
Increasing use of materials such as rubber, plastic, textile, and nylon in the automotive sector is expected to drive the automotive floor mats market growth over the forecast period. The automotive flooring products segment for Heavy Commercial vehicles (HCVs) accounted for the largest share and is expected to continue the trend, owing to increasing production and demand for HCVs in emerging economies such as China, India, Mexico, Indonesia, and Brazil. These factors are expected to drive the market growth during the forecast period..
Global Automotive Floor Mats Market: Opportunities
Rising demand in developing markets:
Urbanisation and disposable income are on the increase in emerging nations, notably in Asia-Pacific and Latin America. The market for automobile floor mats now has a substantial possibility for expansion as a result of the rise in vehicle demand. The need for floor mats is anticipated to increase as more people buy automobiles in these locations.
Consumer appetite for personalization is growing
Consumer appetite for personalization is growing as they look for ways to personalise their automobiles. This trend offers the market for automobile floor mats the chance to provide a huge selection of personalised solutions in terms of colours, styles, and materials. Manufacturers may meet this need by making floor mats that complement each customer's unique tastes and fashion sense.
Global Automotive Floor Mats Market: Restraints
The material type influences the purchase
The material type influences the purchase of automobile floor mats because of its quality and related price, which fluctuates depending on how much the customer spends on the item. The growth of the aforementioned market has also been influenced by related socioeconomic issues.
However, the lack of locking pins, an unpleasant strong odour brought on by hot weather, and a strong rubber odour are the issues that limit the market growth for vehicle floor mats.
Global Automotive Floor Mats Market: COVID-19 Impact Analysis:
In the initial stages of the COVID-19 epidemic, the car sector applied the brakes firmly. The pandemic epidemic has made the automotive industry, especially the market for automobile floor mats, vulnerable to a number of problems. Vehicle floor mat production and demand decreased as a result of the closure of the production units and manufacturing plants. As a result, the drop in consumer demand and the disruption of the supply chain have had a widespread effect on floor mat producers. However, because of the pandemic breakout, many individuals began using private automobiles for commuting instead of public transportation, which increased demand for passenger cars when the lockdown was lifted. Thus, the industry for car floor mats is driven by the rise in vehicle sales.
Key Takeaways:
- The global automotive floor mats market was valued at US$ 11.7 million in 2022, and is projected to reach US$ 16.6 million by 2030, exhibiting a CAGR of 4.5% over the forecast period
To know the latest trends and insights prevalent in the Global Automotive Floor Mats Market, click the link below:
https://www.coherentmarketinsights.com/market-insight/automotive-floor-mats-market-2588
Global Automotive Floor Mats Market - Trends
Vehicle floor mats are one of the most popular accessories
In terms of volume, vehicle floor mats are one of the most popular accessories. The inexpensive price, simplicity of upkeep, and accessibility of the floor mats contribute to their popularity. The floor mats are necessary in the car not only for cleanliness reasons but also to give the car a unique appearance. The car mats also guard against deterioration of the vehicle. The dirt and debris are collected in a specific area and may be readily removed by cleaning or removing the floor mats, similar to doormats. Rubber mats were chosen by Honda because they offer superior protection than carpet car floor mats and can withstand extreme weather conditions and locations with a lot of dirt. As a result, the market for automotive floor mats is anticipated to grow due to the high demand for products that improve the aesthetic value of vehicle cabins.
Trend towards eco-friendly materials
The usage of eco-friendly materials in car floor mats is on the rise. Customers are seeking floor mats made from recyclable and biodegradable materials as they become more environmentally conscious. Manufacturers are reacting to this trend by providing floor mats made of recycled plastic, bamboo, and natural rubber.
Global Automotive Floor Mats Market: Competitive Landscape
Major players operating in the global automotive floor mats market include, 3M, Auto Custom Carpet Inc., Autotech Nonwovens Pvt Ltd., Conform Automotive, Feltex, GAHH LLC, RACEMARK International, LLC, Lloyd Mats Inc., German Auto Tops Inc., Lear Corporation (Masland Corporation), Low & Bonar PLC, Suminoe Textile Co., Ltd., Toyota Boshoku Corporation, Walser GmbH, MacNeil Automotive Products Limited (WeatherTech), Husky Liners, Inc. (Truck Hero, Inc.), and Lund International, Inc.
