Global Automotive Carpeting and Roofing Market: Snapshot
In order to protect the interior of an automobile from corrosion, dirt, and water, consumers use carpets, floor mats and roof among other materials. As a result of recent advancements, nano materials are increasingly used as automotive fabric. This is expected to have a positive impact on the global automotive carpeting and roofing market, considering the escalating demand for eco-friendly alternatives worldwide.
Automotive carpets, floor mats, and roofing materials are required in all types of vehicles. However, their demand in passenger vehicles is comparatively higher as customers expect more comfort from their private cars. Also with the rising preference toward green technology in automotive leather materials, the market for automotive carpeting and roofing will slowly transition towards eco-friendly technologies. This in future will gain much traction for the market. Besides this, the rising investment of private equity is likely to bolster the overall operations in the market.
The global market for automotive carpeting and roofing stood at US$13.51 bn in 2016. Rising at a healthy CAGR of 5.9% from 2017 to 2025, this market is likely to reach US$22.66 bn by the end of 2025.
Asia Pacific to Continue Leading Global Automotive Carpeting and Roofing Market
On the basis of the geography, the worldwide automotive carpeting and roofing market has been categorized into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Among these regions Asia Pacific and Europe have been reporting the most lucrative prospects. The regions cumulatively held over 60% of the global automotive carpeting and roofing material market in 2016. Asia Pacific reports a greater consumption of foam compared to other regions and is expected to grow at the highest pace during the forecasted period from 2017 to 2025. The increasing demand of passenger cars, hybrid-electric vehicles, multipurpose vehicles, and sports utility vehicles (SUV) in India, Japan, and China is expected to boost the Asia Pacific automotive carpeting and roofing market.
The Europe market for automotive carpeting and roofing is driven by the increasing demand for passenger vehicles in Germany, France, the U.K, Italy, and rest of Europe. Investments by private equity firms in automobile OEM companies in Germany, the U.K among others is expected to increase demand in automotive carpeting and roofing market in this region. Furthermore, the rising production of light vehicles is also expected to increase the demand in for advanced automotive carpeting and roofing materials in Europe.
Passenger Vehicles to Exhibit Highest Demand for Advanced Automotive Carpeting and Roofing Materials
Passenger vehicles, light commercial vehicles, and heavy commercial vehicles exhibit high consumption of automotive carpeting, floor mats, and roof among others. Passenger vehicles is the largest consumer of automotive carpeting and roofing products and its market size is more than the combined market size of light commercial vehicles and heavy commercial vehicles. Holding over 56% of the overall market, the passenger vehicle segment emerged dominant in 2016.
Among the components of automotive carpeting and roofing, floor carpets held the largest share followed by headliners/ sunshades, and truck trim. The increasing application of floor carpets and the variety in materials used for the manufacturing of floor carpets is influencing the growth of segment in this market.
Some of the major companies operating in the automotive carpeting and roofing market are IAC Group, Feltex Automotive, Low and Bonar, AGM Automotive, Inc., Lear Corporation, Faurecia, Autoneum Holding Ltd., Magna International, Inc. and UGN, Inc. among others.
Global Automotive Carpeting and Roofing Market: Overview
Automotive carpeting and roofing materials are essential components of a vehicle. Automotive carpets along with floor mats are meant to protect the vehicle’s floor from salt corrosion, dirt and wear. The carpets are generally made of fabric whereas the floor mats are mostly made of rubber. In addition, the floor mats in vehicles come in variety of materials and shapes. The mats may have spikes, caps or grooves to capture water and dirt. Vehicle floor mats can also be made of synthetic rubber, thermoplastic, vinyl or textile materials. In automotive roofing, headliners and sunshades are the essential components.
Headliners and sunshades are mostly made up of fabric and foam among others. Headliners are composite materials, which are attached to the inside of the roof in automobiles. The composite materials in headliners bring in multiple functionalities such as stiffness and greater look to the interior of an automobile along with sound reduction capability in the passenger compartment of an automobile. Sunshades obstruct the sunlight penetrating inside the vehicle. Sunshades can be attached to the interior of windshield or on the interior of windows of the vehicle. Sunshades do not come generally as a standard option in most of the automobiles, therefore, it is an aftermarket product.
The global automotive carpeting and roofing market is consolidated with few medium and large companies. Entry into this market is not restricted as there is no monopoly of business and the market has huge scope and opportunity. However, setting up of manufacturing units for automotive carpeting and roofing require huge capital and resource, which is not feasible for most of the small and medium sized companies. Increasing private equity investments and merger and acquisitions of companies in the automotive sector has been of great influence to the automotive carpeting and roofing market.
Significant growth in the automotive sector coupled with economic reforms in major developing countries has been able to bolster the growth of this market. Asia Pacific, Middle East and Africa, and Latin America are key markets for the future and are expected to provide huge opportunities to the global automotive carpeting and roofing manufacturers because of the growth in the automotive sector and increasing demand for passenger vehicles.
Global Automotive Carpeting and Roofing Market: Segmentation
The global automotive carpeting and roofing market is segmented on the basis of component, material, vehicle type and geography. Based on components the market is segmented into floor carpet, trunk Trim and headliners/ Sunshades. Floor Carpet held the largest market share in 2016. On the basis of material the market is segmented into fabric, rubber, polyvinyl chloride, foam and others. Foam held the largest market share in 2016. On the basis of vehicle type the market is segmented into passenger vehicles, light commercial vehicles, heavy commercial vehicles. Passenger vehicles has the highest market share in 2016.
By geography, the global infrared sensors market has been classified into five regions namely North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. In 2016 Asia Pacific has the highest market share followed by Europe, North America, Middle East and Africa and Latin America. Common applications are automotive leather materials, nano materials in automotive fabric materials and others. Asia Pacific is the largest market followed by Europe. In Asia Pacific China is the largest market followed by Japan and India. India has the highest growth rate in automotive carpeting and roofing market across the world.
Companies Mentioned in the Report
The major vendors in the global automotive carpeting and roofing market are IAC Group, Feltex Automotive, Low and Bonar, AGM Automotive, Inc., Lear Corporation, Faurecia, Autoneum Holding Ltd., Magna International, Inc., UGN, Inc. and DuPont among others.
The segments covered in the global automotive carpeting and roofing market are as follows:
- Floor Carpet
- Trunk Trim
- Polyvinyl Chloride
By Vehicle Type
- Passenger Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- South Africa
- Rest of MEA
- Latin America
- Rest of Latin America