Automotive Mats Market: 5D Automotive Floor Mats Set to Lose Traction
Automotive mats, also known as vehicle mats, are designed and manufactured to prevent the interior of vehicles from water, dirt and corrosion, safeguarding valuable investment of the customers. The demand for high-quality automotive mats, particularly in passenger vehicles, is gaining an uptick, with customers becoming more concerned about hygiene and aesthetics related to interior of their vehicles. With recent advancements in automotive fabric, adoption of nano-materials is on a rise owing to their enhanced properties. In addition, growing preference for green technology has led the market for automotive mats towards eco-friendly technologies. A recent report by Fact.MR offers in-depth analysis on the global automotive mat market for the forecast period 2017 to 2022.
The Fact.MR report on global automotive mats market also projects that during the forecast period, 2017-2022, the market will be unable to witness vigorous growth. In 2017, the global market for automotive mats is expected to reach US$ 26.6 Bn. Although, the market is poised to soar at a steady yet moderate CAGR, reaching US$ 33.7 Bn value by the end of 2022.
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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
5D Automotive Mats Set to Lose Traction
The report highlights the falling share of 5D automotive mats on global market revenues throughout the forecast period. Complex production and one-time usability of 5D automotive mats is expected to turn manufacturers away. Moreover, automobile manufacturers are reluctant to provide vehicles with five dimensional matting as buyers are expected to be drawn towards interior modifications after purchase of the vehicle.
Through 2022, 5D automotive mats are anticipated to showcase a sluggish revenue growth, which will reflect a listless CAGR. On the other hand, demand for 3D automotive mats is expected to gain steady traction, accounting for approximately one-fourth of the global automotive mats market by 2022-end. The market is expected to witness largest demand for standard mats, revenues from which will bring in US$ 18.7 Bn towards the end of the assessment period.
Among all the interior car part accessories included with the purchase of vehicles, automotive mats are expected to be at the top of this list. However, automotive floor mat manufacturers of automotive mats are struggling to eliminate predominant flaws such as seepage issues and staining, which is common for rubber as well as fabric products.
Competition Tracking
Key market players identified in Fact.MR’s report include Auto Customs Carpets, Inc., BDK Auto, Covercraft Industries, LLC, ExactMats, Husky Liners, Inc., Intro-Tech Automotive, Kraco Enterprises, LLC, Lloyd Mats, MacNeil Automotive Products Limited, Shanghai Junda Auto Decoration Co. Ltd., Maxliner USA, and Truck Hero, Inc.
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