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  • Automotive Carpet Market is predicted to reach USD 10.6 billion at a CAGR of 7.00% during the forecast period 2024-2032

    Automotive Carpet Market Trends, Growth, Forecast 2032 | MRFR

    Report Details:
    15 Companies Covered
    128 Pages

    Market Research Future (MRFR) has published on the “Global Automotive Carpet Market”.


    The Market is estimated to register a CAGR of 7.00% during the forecast period of 2024 to 2032.


    MRFR recognizes the following companies as key players in the global Automotive Carpet Market: 3M, Dupont, Auto Custom Carpets, Autoneum, Low & Bonar, Borgers, AG, Grand Carpet Industry, Hayashi Telempu Corporation, Hyosung Corporation, and Auria Solutions, among others.


    Market Highlights


    The global Automotive Carpets market is expected to register a CAGR of 7.00% during the forecast period and is estimated to reach USD 10.6 billion by 2032.


    Factors such as increased awareness of noise, vibration, and harshness (NVH) and increased demand for environmentally friendly materials are expected to drive the growth of the worldwide automotive carpet market throughout the forecast period. However, variable raw material prices and increased opposition to the usage of leather are projected to impede worldwide market growth throughout the projection period. Moreover, rising demand for low-weight automotive materials to reduce vehicle pollution, as well as increased demand for electric vehicles, are likely to generate opportunities for the automotive carpets sector in the future.


    Access Full Report @ https://www.marketresearchfuture.com/reports/automotive-carpet-market-22175


    Segmental Analysis


    The global Automotive Carpet Market has been segmented based on Material Type, Distribution Channel, and Vehicle Type.


    The Material Type segments the market into Polyurethane, Polypropylene, Rubber, Nylon And Others. Polypropylene Material dominated the Automotive Flooring Market in 2023. Due to its excellent material properties compared to rubber and nylon, as well as its inexpensive cost, this material is likely to drive the market for carpets.


    The Distribution Channel segments the market into ОЕМ And Aftermarket. The OEM held the largest market share in 2023 due to its intrinsic alignment with the original vehicle design and the trust that it will match manufacturer specifications.


    The Vehicle Type has divided the worldwide Automotive Carpet Market into Passenger Cars and Commercial Vehicles. In 2023, Passenger Cars dominated the Automotive Flooring Market owing to increased global passenger car manufacturing.


    Regional Analysis


    The global Automotive Carpet Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The Europe Automotive Carpet Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Automotive Carpet Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Automotive Carpet Market comprises the Middle East, Africa, and Latin America.


    North America is the largest regional market for Automotive carpets, with a share of more than 45.80% by 2023. owing to the recovery of the U.S. automotive industry as well as increased automobile production in Mexico and the United States. Mexico is predicted to drive regional market growth, which is projected to increase during the projection period.


    Moreover, Europe has the industry's second-largest share and is expected to be a prominent market for flooring products over the projection period. This could be attributed to the increased manufacture of luxury automobiles in Germany, as well as the burgeoning automotive sector in developing countries.


    Additionally, Asia-Pacific is expected to be the fastest-expanding region in the worldwide Automotive Carpet Market. The growing automotive demand in China, India, and South Korea, together with the growing requirement for greater passenger comfort and safety in automobiles, is predicted to fuel this regional market growth over the forecast period.


    The rest of the world's Automotive Carpet Market is segmented into three regions: the Middle East, Africa, and Latin America. The automotive carpet market in the Middle East, Africa, and Latin America was influenced by factors including The increasing demand for electric and hybrid vehicles, which is expected to boost the automotive flooring market. Customers are also increasingly interested in comfort, customization, ride quality, and fuel efficiency, which is driving up demand for automotive flooring.


    Key Findings of the Study



    • The global Automotive Carpet Market is expected to reach USD 10.6 billion by 2032, at a CAGR of 7.00% during the forecast period.

    • Asia-Pacific is expected to be the fastest-expanding region in the worldwide Automotive Carpet Market due to the growing requirement for greater passenger comfort and safety in automobiles.

    • Based on Material Type, the Polypropylene category dominated the Automotive Flooring Market in 2023.

    • 3M, Dupont, Auto Custom Carpets, Autoneum, Low & Bonar, Borgers, AG, Grand Carpet Industry, Hayashi Telempu Corporation, Hyosung Corporation, and Auria Solutions are the key market players.