Automotive Mats Market: Needle-Punched Designs will Rake High Profits

Posted on 2019-06-07 by Mark Hub in Automotive // 0 Comments

Rockville, USA, 2019-Jun-07 — /EPR Network/ —

According to the report, the global automotive mat market is projected to register steady CAGR through 2022. Increasing disposable income of the middle-class population, especially in China and India, has driven the adoption of cars across these regions. This has resulted into a rise in demand for accessories including airbags, seat belts, covers, and mats. In addition, adoption of mobility solutions such as e-sharing and carpooling, particularly across cities with huge pressures on infrastructure have been influencing car sales, thereby its accessories. Such factors are likely to boost adoption of automotive mats in the near future. Fact.MR’s report estimates the global automotive mat market to surpass revenues worth US$ 25,000 Mn in 2017; by 2022 this number is expected to exceed US$ 30,000 Mn.

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However, rigid procurement laws with respect to rubber materials have not boded well among manufacturers. The government bodies cite the ecological repercussion resulting from rubber dumping and toxic emissions in rubber automotive mats production.

Estimations about the Global Automotive Mat Market

Rubber will remain preferred material for automotive mats in the market, followed by plastic and PVC. Revenues from sales of rubber mats will surpass US$ 10,000 Mn in 2017. Demand for metal mats in the market will remain sluggish during the forecast period.
By type, standard mats will continue to be sought-after on the back of their cost-effectiveness and availability in the market. Sales of standard mats will exhibit a comparatively higher CAGR than other automotive mat-type segments.
Based on design, the market is bifurcated into needle-punched and non-skid automotive mats. Sales of needle-punched automotive mats is estimated to reach revenues worth US$ 13,991.9 Mn in 2017. Needle-punched automotive mats are expected to witness largest adoption in Asia Pacific excluding Japan (APEJ), owing to the potential for growth of automotive industry in APEJ countries such as China and India.
Sales of automotive mats in passenger cars will account for largest revenues in the market, followed by LCV and HCV segments. In addition, revenues from sales of automotive mats in LCVs and HCVs will collectively account for US$ 7,035.3 Mn in 2017, with the former being more lucrative than the latter

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Needle-punched Designs will rake High Profits

Based on the design, the global automotive mats market is anticipated to see dominance of needle-punch design technology. With more than one-half share, the global sales of automotive mats in 2017 will be dominated by needle-punch designs. The other half of the market revenues will be procured from sales of automotive mats with non-skid designs. Preference to non-skid designs will be high among manufacturers of commercial vehicles. Passenger cars will continue to come with needle-punched automotive mats in the years to come. Likewise, more than two-third of the global market value will be accounted by revenues from sales of automotive mats in passenger cars.

Competition Tracking

The report has also profiled leading manufacturers of automotive mats, which include companies such as Covercraft, BDK Auto, Exact Mats, Husky liners Inc., Kraco enterprise, MacNeil automotive product ltd, Lund International, and Max Liners.

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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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