The North America Automotive Floor Mat Market would witness market growth of 3.9% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 53,803.9 thousand units, showcasing a growth of 3.1% (2019-2022).
The function of the vehicle mats, also known as "automobile floor mats," is to safeguard the floor of an automobile against grime, deterioration, and corrosion. Primarily, the function of automotive floor mat is to maintain a tidy interior. It is typically constructed from plastic, rubber, and other synthetic materials for durability, comfort, and safety. The removal and replacement of the majority of automotive floor coverings is straightforward. In addition, synthetic rubber is used to construct automotive floor mat, which can be shaped into various forms and designs to capture dirt and precipitation. These may include spikes, grooves, or caps.
Naturally occurring rubber is utilized to construct certain automobile mats. In order to control Odor emission and function at varying temperatures, automotive floor mats are required to meet a benchmark. The market for automotive floor mats is expected to expand due to the ongoing enhancements to the automotive interior and the demand for customized aftermarket carpet solutions that improve vehicle spaces.
According to the International Trade Administration (ITA), Mexico is the seventh-largest passenger vehicle manufacturer, producing 3.5 million vehicles annually. 88% of isicles manufactured in Mexico are exported, with 76 percent destined for the US. Established automakers in Mexico include Audi, BMW, Ford Motor Company, General Motors, Honda, Hyundai, Jac by Giant Motors, Kia, Mazda, Mercedes Benz, Nissan, Stellantis, Toyota, Volkswagen, and Tesla, which recently announced a new plant to be built in the state of Nuevo Leon as part of its electric vehicle production. The growth in passenger cars indicates an increase in vehicle ownership in Mexico. As more individuals and households acquire passenger cars, the demand for automotive accessories, including floor mats, rises. Thus, the above aspects will expand the market growth across the region in the upcoming years.
The US market dominated the North America Automotive Floor Mat Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,892.6 million by 2030. The Canada market is experiencing a CAGR of 6.2% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.3% during (2023 - 2030).
Based on Material, the market is segmented into Rubber, Polymer, and Textile. Based on Vehicle Type, the market is segmented into Passenger Cars, and Commercial Vehicles. Based on Sales Channel, the market is segmented into OEM, and Aftermarket. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Automotive Floor Mat Market is Predict to reach USD 15.8 Billion by 2030, at a CAGR of 4.4%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include 3M Company, Lear Corporation, Husky Liners, Inc. (RealTruck Group, Inc.), Thermoflex Corporation, Racemark International LLC, Maxliners (Vandapac Co., Ltd.), Covercraft Industries LLC (Audax Management Company, LLC), Auto Custom Carpet, Inc., Suminoe Textile Co., Ltd., and Toyota Boshoku Corporation (Toyota Motor Corporation)
By Material (Volume, Thousand Units, USD billion, 2019-2030)
By Vehicle Type (Volume, Thousand Units, USD billion, 2019-2030)
By Sales Channel (Volume, Thousand Units, USD billion, 2019-2030)
By Country (Volume, Thousand Units, USD billion, 2019-2030)
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