Market Size of Automotive Carpeting Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 5.60 Billion |
| Market Size (2029) | USD 7.58 Billion |
| CAGR (2024 - 2029) | 6.25 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Automotive Carpeting Market Analysis
The Automotive Carpeting Market size is estimated at USD 5.60 billion in 2024, and is expected to reach USD 7.58 billion by 2029, growing at a CAGR of 6.25% during the forecast period (2024-2029).
Over the long term, the consumers' growing preference for utilizing eco-friendly and lightweight vehicle interior products, rising sales of electric vehicles, and the demand for integrating lightweight components in vehicles are driving the surging growth of the automotive carpeting market. Carpets on the floor of a vehicle minimize noise, improve the aesthetic aspect of the inside, and offer insulation. Isolation from noise, heat, and dirt are the major characteristics of floor carpets and trunk trims in vehicles. Due to the various benefits offered by installing a carpeting system, consumers are increasingly preferring the usage of high-quality carpets in their vehicles.
Additionally, the floor carpet is made of various materials depending on the requirements. Increased global automotive manufacturing is predicted to be one of the key drivers of market growth during the forecast period. Furthermore, the growing desire for higher levels of comfort and safety in automobile passenger cabins is likely to boost product demand. However, the development of advanced vinyl flooring in passenger as well as commercial vehicles poses a severe threat to the automotive carpeting industry. It is expected to marginally limit the market growth during the forecast period.
Innovations in the automotive interior industry are gaining traction to provide enhanced comfort to passengers. Conventional multi-layer foams are replaced by lightweight, water-repellent fibers made from recycled cotton, which offers a 50% weight reduction than that of traditional fibers. Companies such as Autoneum are spending hefty sums to develop recyclable carpet material for auto manufacturers to address environmental issues and position their products as environmentally friendly. In the coming years, the automotive carpeting market will witness the launch of various environmentally friendly and aesthetic carpets to cater to the advanced demand of auto manufacturers.
