Global Automotive Flooring Market to Reach $1.3 Billion by 2030
The global market for Automotive Flooring estimated at US$804.9 Million in the year 2023, is expected to reach US$1.3 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2023-2030. Polyurethane-based Flooring, one of the segments analyzed in the report, is expected to record a 7.7% CAGR and reach US$397.7 Million by the end of the analysis period. Growth in the Polypropylene-based Flooring segment is estimated at 6.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $210.1 Million, While China is Forecast to Grow at 10.2% CAGR
The Automotive Flooring market in the U.S. is estimated at US$210.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$302.3 Million by the year 2030 trailing a CAGR of 10.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 5.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$182.3 Million by the year 2030.
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