Title: Automotive Flooring Market Innovation Trends and Current Business Trends by 2024
1Automotive Flooring Industry, Business
Development Analysis and Future Challenges by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2 Regional Analysis of Automotive Flooring Market
- North America held substantial share of the
overall industry revenues, chiefly due to the
retrieval of the U.S. automobile industry as well
as the rising vehicle production in Mexico and
the U.S. Mexico is projected to fuel the regional
industry growth attributed to the increasing
luxury cars production. - Brazilian market is projected to mend from the
industry downfall in the past some years,
primarily on account of the latest treaties with
Colombia, Argentina, Paraguay and Uruguay, that
is predicted to drive the exports of automobiles
from Brazil to the aforesaid countries of the
South Central American region. - Increasing manufacture of HCV and LCV in Asia
Pacific region is anticipated to propel the
product demand in commercial automobiles, mostly
on account of the occurrence of a huge number of
foremost OEMs in economies including China and
India. The rising demand for automobiles in
emerging countries can be ascribed to the swift
industrialization, growing working population,
and increasing middle-income level groups.
3- Application Analysis of Automotive Flooring A
Market - 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.
4 Competitive Market Share of Automotive Flooring
Market
- Key Players of automotive flooring market 3M
Company, Low Bonar, DuPont, ACC and AGM
Automobile. - The crucial strategies implemented by the
industry players includes distribution and
acquisitions agreements. - AGM Automobile acquired Durmont Austria, a
textile producer involved in the manufacture of
carpets for locomotive applications and
commercial building.
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