Automotive Flooring Market Strategic Growth, Innovation and Investment Trends

Automotive Flooring Market Outlook, Innovations, Challenges & Growth Potential

The automotive flooring market is predicted to expand from USD 39.88 billion in 2025 to USD 54.50 billion by 2034, growing at a CAGR of 3.53% during the forecast period from 2025 to 2034.

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Introduction

The automotive flooring market is a prominent sector of the automotive materials industry. This market deals in manufacturing and distribution of materials used for covering the floors of vehicles. There are several types of products manufactured in this sector consisting of carpets and mats. These products are developed using different materials comprising of polyurethane, polypropylene, nylon, rubber and some others. It finds numerous applications in cars, LCVs, HCVs and some others. The rising production of vehicles in different parts of the world has fostered the industrial expansion. This market is expected to grow significantly with the rise of the EV industry around the world.

• According to the OICA, around 1781612 passenger cars and 543226 commercial vehicles were manufactured in Canada during 2023.

Highlights of the Automotive Flooring Market

• Asia Pacific held the largest share of the automotive flooring market due to the rising demand for passenger cars in this region.
• North America is expected to grow with a notable CAGR due to the increasing focus on vehicle aesthetics in this region.
• The nylon segment held the highest share of the market due to its durability and high strength-to-weight ratio.
• The carpets segment led the industry due to the growing use of carpets for insulation purposes in automotives.

Key Metrics and Overview

Automotive Flooring: Stats and Figures

• According to the OICA, around 4037209 commercial vehicles were manufactured in China during 2023.
• According to the India Brand Equity Foundation, around 23,58,041 automotives were manufactured in India during September 2024.
• According to the International Energy Agency, around 3.5 million BEVs were sold in the U.S. during 2023.
• According to the Our World in Data, around 93% vehicles sold in Norway were electric vehicles.

Industry Leader Announcement

In July 2024, Casey Ball, the Global Market Director for Flooring with Sherwin-Williams made an announcement stating that, “Our resinous flooring systems are essential in safeguarding plant floors, workers and high-risk zones in EV battery manufacturing facilities, At Sherwin-Williams, we are committed to providing revolutionary solutions that enable manufacturers to operate at the highest level of efficiency and safety."

Geographical Insights

Asia Pacific held the highest share of the automotive flooring market. The presence of numerous automotive companies in countries such as China, India, Japan and some others has driven the market growth. Also, the rising sales of automotives along with increased consumer preference for designing automotive interiors is crucial for the industrial expansion. Moreover, the rise in number of car detailing centers is driving the growth of the automotive flooring market in this region.

Competitive Landscape

The automotive flooring market is a highly fragmented industry with the presence of several dominating players. Some of the crucial players in this industry consists of Hayashi Telempu Corporation; Magna International Inc.; Shandong Exceeding Auto Interior Parts Co., Ltd; Suminoe Textile Co., Ltd.; Shanghai Shenda Co., Ltd.; Toyota Boshoku Corporation; Feltex, Hayakawa Eastern Rubber Co., Ltd; Ideal Automotive Gmbh; Kotobukiya Fronte Co., Ltd and some others. These companies are constantly engaged in developing superior-grade flooring solutions for automotives and adopting numerous strategies to maintain their dominant position in this industry.

• According to the annual report of Suminoe, the automotive textiles and traffic facilities segment contributed around 61% to the overall revenue of the industry.

Market Segmentations

By Material

• Polyurethane
• Polypropylene
• Nylon
• Rubber
• Others

By Product

• Carpets
• Mats 

By Application

• Cars
• LCV
• HCV

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa