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| Global Automotive Floor Mats Market Size |
Automotive floor mats provide effective protection to vehicle floors from dirt, debris and moisture. They safeguard carpets and interiors from damage while increasing aesthetic appeal. Rising automobile sales driven by growing global economies have increased demand for mats.
The global
Automotive Floor Mats Market is estimated to be valued at US$ 14.09 Bn in 2024 and is
expected to exhibit a CAGR of 10. % over the forecast period 2024 to 2031, as
highlighted in a new report published by Coherent Market Insights.
Market key trends: Increased automobile production has been a major driver of
growth for the automotive floor mats market. Developing regions undergoing
rapid urbanization and economic development such as Asia Pacific and Central
& South America have seen large increases in passenger car and commercial
vehicle manufacturing. This has translated to higher sales of floor mats, as
automakers equip most new models with these protective interior accessories.
Industry experts predict the trend of rising global automotive output to
continue into the forecast period, further supporting expansion of the floor
mats market size and sales volumes.
Segment Analysis
The global automotive floor mats market is segmented by Material Type, by Vehicle
Type and by Distribution Channel. Material-wise, the Rubber Floor Mats segment
dominates the market. This is because rubber is a durable and affordable
material which can withstand wear & tear and also provides protection from
water, dust, mud and other debris.
Key Takeaways
Global
Automotive Floor Mats Market Size is expected to witness high growth
during the forecast period of 2024 to 2031.
Regional analysis: North America currently dominates the global automotive
floor mats market with a share of over 30% due to high automotive production
and sales in countries like the US and Canada. Asia Pacific is expected to
witness fastest growth due to increasing disposable incomes and rising
automotive ownership in China and India.
Key players: Key players operating in the automotive floor mats market are
Acuity Brands, Inc., Zumtobel Lighting GmbH, Cooper Lighting, LLC, Panasonic
Corporation Eco Solutions Company, General Electric Company, OSRAM Licht AG,
Koninklijke Philips N.V., LSI Industries Inc., Juno Lighting Group, Hubbell
Lighting, Inc. The major players are focusing on new product development and
introduction of innovative designs to cater to evolving customer preferences
and needs.
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