Automotive Mats Market to Cross US$ 51.7 Billion at 4.4% CAGR by 2033: Fact.MR Analysis

Monday, October 2, 2023 at 8:00am UTC

Rockville , Oct. 02, 2023 (GLOBE NEWSWIRE) -- Expanding at a steady CAGR of 4.4% from 2023 to 2033, the global Automotive Mats Market is forecasted to reach a valuation of US$ 51.7 billion by 2033-end. This study by Fact.MR, a market research and competitive intelligence provider, suggests that more companies will make a move to manufacture automotive mats with sustainable materials in the future.

Asian economies of Japan, China, India, and South Korea are set to offer highly attractive business opportunities for automotive mat suppliers in the future owing to the presence of key automotive companies and expanding automotive manufacturing activity. Rising disposable income and increasing consumer awareness regarding vehicle interior aesthetics are also projected to uplift sales of automotive mats in the aforementioned countries in the APAC region through 2033.

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Key Segments of Automotive Mats Industry Research Report

By MaterialBy Mat TypeBy DesignBy Vehicle Type
  • Rubber
  • Plastic
  • PVC
  • Metal
  • Standard Mats
  • 3D Mats
  • 5D Mats
  • Needle-punched
  • Non-skid
  • Passenger Cars
  • LCVs
  • HCVs

On the contrary, high maintenance costs associated with the use of automotive mats are predicted to impede the global automotive mat demand outlook in the long run. The use of rubber and plastic materials to manufacture automotive mats is also estimated to create hurdles for automotive mat companies as the focus on sustainability around the world increases.

Key Takeaways from Market Study

  • The global automotive mats market stands at a valuation of US$ 33.5 billion in 2023.
  • Demand for automotive mats is projected to expand at a CAGR of 4.4% from 2023 to 2033.
  • The global market is forecasted to reach US$ 51.7 billion by 2033-end.
  • Increasing automotive production, rising disposable income of people, growing urbanization, launch of new vehicles, and high consumer awareness regarding vehicle interior aesthetics and hygiene are key market drivers.
  • Uncertainty in the global automotive supply chain is slated to pose a significant challenge for automotive mat suppliers in the future.
  • Emerging countries such as India, China, and South Korea in the APAC region are anticipated to be highly rewarding markets for automotive mat companies.
  • Rubber automotive mat sales currently account for more than 40% of the global market revenue share.

“Rising sales of luxury vehicles and growing popularity of customization will provide lucrative opportunities for aftermarket automotive mat suppliers,” says a Fact.MR analyst

Rubber Car Mats Dominate the Market Share

Rubber mats have a long history in the automotive industry and continue to maintain a significant presence today. The versatility and reusability of rubber enable the creation of car mats in various sizes and shapes, contributing to its substantial market share on a global scale.

Currently, rubber-based automotive mats account for over 40% of the revenue share in the global automotive mats market. However, concerns regarding the environmental impact of rubber disposal and the high carbon footprint associated with rubber production are prompting automotive mat manufacturers to explore alternative materials with a lower carbon footprint, aligning with the increasing emphasis on sustainability.

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Winning Strategy

Top automotive mat brands are focusing on revolutionizing the industry with production innovation that involves the use of sustainable materials that reduce the overall carbon footprint of the vehicle. Manufacturing and marketing maintenance-free car mats is also an attractive prospect that could allow companies to book huge profits in the long run.

Report AttributesDetails
Forecast Period2023 – 2033
Value Projection (2033)US$ 51.7 Billion
Growth Rate (2023-2033)4.4% CAGR
No. of Pages170 pages
No. of Tables287 Tables
No. of Figures86 Figures

Key Companies Profiled

  • Auto Custom Carpets Inc.
  • ExactMats
  • Truck Hero Inc.
  • BDK Auto
  • Shanghai Jun-Da Auto Decoration Co. Ltd.
  • Lund International
  • Covercraft Industries LLC
  • Kraco Enterprise LLC
  • MacNeil Automotive Products Limited
  • Husky Liners Inc.
  • Intro-tech Automotive Inc.
  • Maxliner USA

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global automotive mats market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).

The study divulges essential insights on the market based on material (rubber, plastic, PVC, metal), mat type (standard mats, 3D mats, 5D mats), design type (needle-punched, non-skid), and vehicle type (passenger cars, LCVs, HCVs), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

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Automotive Actuators Market: The global automotive actuators market is estimated at USD 20.1 Billion in 2022 and is forecast to reach USD 38.3 Billion by 2032, growing with a CAGR of 6.6% during 2022-2032.

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