Automotive Flooring Market Pit Falls and Growth Prospects from 2017 to 2024: Global Market Insights Inc.
Automotive flooring market growing usage of insulating mats as well as associated products for rug protection, ease, and aesthetics in passenger vehicles is anticipated to fuel the product need in the near future. The rising importance of noise eradication and thermal insulation is also projected to provide positive outlook for the product demand in the forecast period. Global automotive flooring market size is anticipated to gain unexpected growth in the forecast period owing to rapidly increasing automotive industry across the world during this time. Further, the shifting customers preferences towards improved passenger luxury and automobile aesthetics is expected to drive the industry growth in the forecast period.
Growth in technological advances in flooring systems for sports utility vehicles (SUVs) as well as off-roaders to improve the vehicle sturdiness, ride-quality, comfort and safety is predictable to boost the demand for locomotive flooring. The automotive industry is also being observing significant demand for customized flooring systems for enrichment of ergonomic value of passenger cabins triggering the industry growth. The nylon segment accounted for the major share of industry revenues in 2016. Cast products offering high impact & heat resistance, a higher strength-to-weight ratio, and optical clarity will propel the industry growth. Nylon fiber is the most frequently used material for automotive flooring owing to its light-weight, flexibility, lower cost and strength. Polyurethane holds significant market share owing to the increased use of PU for the manufacturing of flooring products and auto components. The mechanical and superior chemical properties and rising demand for noise insulating constituents is anticipated to drive polyurethane demand in the forecast period. The carpets segment had the larger share of industry. Floor carpets provide protection of the vehicle floor from structure-borne sounds, heat and frictions to make the car ride noiseless and comfortable. The absorption of sounds from interior factors mainly engine noises and vibrations are critical to expand overall ride quality.
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