Tufted automotive carpet is probably the most challenging interior trim development recently seen in automotive manufacture. Contrasted with conventional weaving of automotive carpets, the technique is faster, more flexible, and utilizes surface materials for a “new look on the floor”, not previously available to the car producer. A brief comparison of both types of production, along with a sketch of the growth of tufted carpet to its present position of importance in the industry serve to spotlight the fact that the carpet manufacturer has kept pace with the latest style and manufacturing demands of the automotive makers.
The passenger cars segment accounted for the largest market share in the automotive carpeting market. It is owing to the increasing demand of consumers to install advanced and eco-friendly carpeting systems in their vehicles due to its noise-reduction capability, among other characteristics. The global new sales of passenger cars in 2022 touched 57.4 million units in 2022, compared to 56.4 million units in 2021, recording a Y-o-Y growth of 1.9% between 2021 and 2022.
On the other hand, the rise in sales of electric vehicles is also aiding the growth of the automotive carpeting market. The spike in sales is the result of an increase in regulatory norms by various organizations and governments to control emission levels and to propagate zero-emission vehicles. As a result, automakers are continually working and focusing on increasing their expenditure on the R&D of electric vehicles, which may fuel the demand for automotive carpets to enhance the interior look of the vehicle.
The adoption of electric vehicles increased significantly, especially in Europe, which is also expected to drive the market for carpeting. With the rising adoption of electric vehicles in the region, there remains a greater need for environmentally friendly advanced materials. It is expected to drive the demand for tufted carpets during the forecast period. Further, the growing vehicle parc in the region also assists in the demand for carpet products in the aftermarket, which is expected to fuel the market growth.