Automotive Load Floor Market: Shaping the Future of Material Transportation

Manufacturers are Introducing Polymerized Automotive Load Floors in Line with the ‘Sustainability’ Trend

  • 2019-08-26
  • REP-GB-7658
  • 47 Tables
  • 158 Figures
  • 288 pages
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Automotive Load Floor Market Competition Analysis
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Carrying Shipment with New-Age Technology despite Diluted Automobile Production

Automotive load floor is directly related to the automobile vehicles market as car makers are looking for improved transportation capacity of shipment without affecting the capital investment. Manufacturers are banking on polyurethane paper honeycomb technology, where the floor surface is covered by polyurethane, enabling easy cleaning and extended lifespan. The paper honeycomb enveloped by two fiberglass mats is foamed and pressed by polyurethane foam, decreasing component weight by almost a third while possessing the same strength and rigidity.

However, slight tumbling in the global production of automotive vehicles in recent years appears to affect the sales of automotive load floors. Regions, such as Europe, witnessed production drop by 1.8% to about 22 million units last year. Furthermore, the ambiguity around the Brexit delay is compelling car manufacturers to lower the yield of light commercial and passenger vehicles (PVs).

Automotive Load Floor Market - Key Research Insights

automotive load floor market snapshot
  1. The global automotive load floor market size in 2018 was valued at ~US$ 2Bn.
  2. The automotive load floor market is projected to have CAGR of ~4% over the forecast period of 2019-2029.
  3. The hardboard material type segment is expected to be excessively consumed material type in the automotive industry over the forecast period of 2019-2029. 
    • The development of this hardboard material type can mainly contribute to the global development of the automotive load floor market. 
    • By the end of 2029, regions such as Europe and East Asia, are anticipated to hold more than half of the revenue share of the automotive load floor market. 
    • The East Asia market is estimated to be a prominent regional market for automotive load floor manufacturers due to the increasing demand for the automotive vehicles and its production in the region. 
  4. The compact vehicle type segment is estimated to have prominent shares over the forecast period, which is likely to create noteworthy opportunities for automotive load floor manufacturers. 
    • The automotive industry has perceived significant development over the past five years. The increasing per capita income of the middle class population upsurges the demand for passenger cars, which in turn, is estimated to drive the demand for automotive load floor.
    • Significant application of the automotive load floor has been identified to increase the cargo capacity and interior looks of the vehicle.

Key Factors Shaping the Automotive Load Floor Market

  • Strict Rules and Regulations Expected to Drive the Polypropylene Material Type over the Forecast Period

    The government’s strict rules and regulation to reduce CO2 emission by end of the next decade, is a compelling factor for the replacement of traditional wood, metal, and other heavy materials for the automotive load floor with lightweight materials such as Expanded Polypropylene (EPP).

  • Multiple Features of Automotive Load Floor Estimated to Create Traction in the Market

    With multiple application of the automotive load floor in vehicle such as interior systems, cargo systems, and load floor systems is project to propel demand for the automotive load floor market globally. Furthermore, the increasing global automobile fleet and continuous innovation by manufacturers moreover government rules and regulations to reduce the automotive vehicle weight is expected to drive the polypropylene material type automotive load floor over the Forecasted Period.

  • Polypropylene (PP), a Substituted of Traditional Heavy-metal is likely to drive the Automotive Load Floor Market

    In recent years, the environmental adaptability of polypropylene (PP) has drawn significant attraction of manufactures. Therefore, it is expected that polypropylene (PP) consumption will continue to increase in the automotive components over the forecast year. Furthermore, improvements in PP material such as greater rigidity, impact strength, fluidity, and crystallization, is estimated to increase the use of this material in the automotive components and automotive load floor. 

  • Joint Ventures, Acquisitions, and Collaborations to Penetrate into the Overseas Market

    The automotive load floor market is a fragmented market and several players are limited to their countries and territories. However, mergers, acquisitions, and collaborations are some of the key strategies followed by market players to penetrate into the overseas market and increase their global presence. To meet the high volume requirements, currently hampered by high material costs, long production cycles, and lack of automation and industrializing manufacturing to meet emission regulations, Tier 1 suppliers and OEMs have adopted different strategies to allow vertical integration of the value chain. 

automotive load floor market

Automotive Load Floor Market Structure Analysis

  • The global automotive load floor market is considered to be a fragmented market due to the presence of several local as well as international players in the automotive load floor market. Tier-1 players hold ~20-25% share in the automotive load floor market.
  • Most of the key players sustain strategic focus on acquisitions, joint ventures, collaborations, and others, to establish their foot print across the globe.
  • Substantial investments in evolving new and durable products by companies are expected to exploit the automotive load floor market growth prospects.
    • Key participants in the automotive load floor market such as DS Smith, Nagase America Corporation., IDEAL Automotive GmbH, Huntsman International LLC, CIE Automotive, SA Automotive, and Gemini Group, Inc., focus on acquisitions and joint ventures with local players to increase their distribution network across the globe.
  • International and local market participants have established the marketing network of global, regional, and branch offices across tier 1 and tier 2 cities, provide customer support service to have the competitive advantage.

Leveraging ‘Recyclable’ Polymers for Better Efficacy

Product makers are shifting to sustainable polymers, such as polypropylene (PP), from wood for manufacturing automotive load floors owing to its light weight and durability. Automotive load floors containing extruded polypropylene bubble-structure as a starting material offers multiple benefits, including moisture repellency, non-skid surfaces, straightforward formation and cutting, and color adjustment. Furthermore, extruded polypropylene OEM components decrease the weight of the vehicle, and fuel consumption, as well as completely recyclable post its shelf-life, delivering a better sustainable alternative.

Stringent government policies to check CO2 emissions continue to mandate substitution of traditional wood, and other heavy materials with polypropylene, to potentially reduce the carbon footprint. Policy makers are directing automobile manufacturers to broaden the electric vehicle (EV) fleet, which is likely to propel the demand for lightweight parts to help offset the weight of heavier batteries.

Market Players Tapping White Spaces in East Asia

Ever-increasing production of passenger vehicles and rising vehicle electrification are solidifying East Asia’s primacy in the global market, with South Asia & Pacific displaying significant progress. Automotive production in China and India is estimated to grow at a healthy rate of 6-7% within the next decade, where a majority of shares is brought about by the compact and mid-size vehicles.

Electric vehicles (EVs) are exempted from registration taxes in China and partly in India, and government norms, including preferential access to priority parking, road toll exemptions, among others, are encouraging the urban demographic to turn to EVs. Further, governing bodies in ASEAN countries, such as Indonesia, are offering incentives to EV owners in the form of tax reduction to between 0-30%, which is likely to fuel the demand for lightweight automotive load floors for handling heavy shipments and baggage.

* This data is only a representation. Actual data may vary and will be available in report.

Market Players Tapping White Spaces in East Asia
Market Players Tapping White Spaces in East Asia
Market Players Tapping White Spaces in East Asia
Market Players Tapping White Spaces in East Asia
  • 2014
  • 2018
  • 2022
  • 2029
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Innovation in Accessories to Define Strategic Moves that Target Enhanced Load Capacity

Prominent market players, including Huntsman International LLC, DS Smith and Nagase America Corporation, are currently dominating the automotive load floor market, with each company accounting for more than US$ 50 Mn product revenue. Emerging market participants are incorporating virtual seat system to evaluate the comfort of the seat before prototyping by calculating position and pressure distribution of the passengers. Mature market players are introducing integrated connection points to avoid drilling of chassis during installation. Manufacturers are incorporating accessories, for instance lash traps, and load safety nets for easy and quick loading of freight and shipment. To double the load carrying capacity, market actors are launching double load floor, which directly corresponds to decreased toll and fuel costs. Furthermore, legacy and emerging business runners are opening window of opportunities in target countries, such as China, Indonesia, and others, by entering into long-term agreements with OEMs.

Hardboard to remain in-demand

Sales of fluted polypropylene gathering pace

Demand in load floor systems significantly high

Demand in shipment systems gradually increasing

Use in fixed operation remain at top

Use in sliding operation escalating

Use in compact vehicles witness rapid growth

Adoption in mid-size showing progress

How Growth will Unfold

The quest for lightweight and durable automobile parts in commercial vehicles for shipment transportation is intensifying, and likely to transmute the automotive load floor landscape at a promising rate. As per the global environmental amendments, new PVs will require to reverse their CO2 emission by 37.5% on an average from the 2021 levels, while utility vehicles will need to reduce the same by 31%. Furthermore, car makers are focusing on production of hybrid and zero-emission EVs, which will gear the demand for the polypropylene material type automotive load floor in the foreseen timeframe.

Automotive Load Floor Market Competition Analysis

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Automotive Load Floor Market Analysis 2019-2029

Future Market Insight published its recent report on the global automotive load floor market, which comprises of the global industry analysis 2014-2018 & opportunity assessment 2019-2029. It includes a comprehensive assessment of the relevant and related market dynamics. After conducting a complete analysis on the historic as well as current growth prospective of the automotive load floor market, the growth predictions of the market are obtained with maximum accuracy.

Automotive Load Floor Market Competition Analysis Taxonomy

The global automotive load floor market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Material Type

  • Hardboard
  • Fluted Polypropylene
  • Honeycomb Polyprolene
  • Composites

By Application

  • Interior Systems
  • Cargo Systems
  • Load Floor Systems

By Operation

  • Fixed
  • Sliding

By Vehicle Type

  • Compact
  • Mid-Size
  • Luxury
  • SUV
  • LCV
    • Mini-Bus
    • Van

By Region

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

What's Included

The report commences with the executive summary of the automotive load floor market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of prime segments of the automotive load floor market.

Readers can find detailed taxonomy and definition of the automotive load floor market in this chapter, which will help them understand the basic information about the automotive load floor market. This section also highlights the inclusions and exclusions, which help readers understand the scope of the automotive load floor market report.

The report provides key market trends that are expected to impact the market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with the key market developments and product innovations.

This section includes key inclusions of the report. It includes the product adoption & usage analysis, & opportunity analysis, and manufactures’ strategies for the market expansion.

This section explains the global market volume analysis and forecast for the automotive load floor market between the forecast periods of 2019-2029.

This section highlights the average price of hardboard, fluted polypropylene, honeycomb polypropylene, and composites materials. The pricing benchmark for manufacturer level pricing and distributor level pricing is analysed in this section.

This section explains the global market value analysis and forecast for the automotive load floor market during 2014-2029. This chapter includes detailed analysis of the historical automotive load floor market, along with an opportunity analysis of the future. Readers can also find absolute $ opportunity for the current year (2019-2020) and incremental $ opportunity for the forecast period (2019-2029).

This chapter explains the key macro-economic factors that are expected to influence the growth of the automotive load floor market over the forecast period. Along with the macroeconomic factors, this section highlights the opportunity analysis for the automotive load floor market. This chapter also highlights the key market dynamics of the automotive load floor market such as drivers, restraints, trends, and opportunities. Moreover, readers will understand key trends followed by prominent manufacturers in the automotive load floor market.

Based on the material type, the automotive load floor market is segmented into hardboard, fluted polypropylene, honeycomb polypropylene, and composites segments. In this chapter, readers can find information about the key trends and developments in the automotive load floor market and market attractiveness analysis based on the material type.

This chapter provides details about the automotive load floor market on the basis of interior systems, cargo systems, and load floor systems. In this chapter, readers can understand the market attractiveness analysis based on the application.

This chapter provides details about the automotive load floor market on the basis of fixed and sliding. In this chapter, readers can understand the market attractiveness analysis based on the operation.

This chapter provides details about the automotive load floor market on the basis of compact, mid-size, luxury, SUVs, and LCVs. The LCV segment is further segmented into mini-bus and van. In this chapter, readers can understand the market attractiveness analysis based on the vehicle type.

This chapter explains how the automotive load floor market will grow across several geographic regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa (MEA).

This chapter includes detailed analysis of the growth of the North America automotive load floor market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in North America.

Readers can find detailed information about several factors such as pricing analysis and regional trends that are impacting the growth of the Latin America automotive load floor market. This chapter also includes the growth prospects of the automotive load floor market in prominent LATAM countries such as Brazil, Mexico, and the Rest of Latin America.

Important growth prospects of the automotive load floor market based on its end users in several countries such as Germany, the U.K., France, Spain, Italy, Russia, Poland, BENELUX, and the Rest of Europe are included in this chapter.

In this chapter, India, ASEAN, Oceania, and the Rest of South Asia are prominent countries in the South Asia & Pacific region that are the prime subjects of assessment to obtain growth prospects of the automotive load floor market. Readers can find detailed information about the growth parameters of the South Asia & Pacific automotive load floor market during the forecast period of 2019-2029.

This chapter highlights the growth of the automotive load floor market in East Asia by focusing on China, Japan, and South Korea. This section also help readers understand the key factors that are responsible for the growth of the automotive load floor market in East Asia.

This chapter provides information about how the automotive load floor market will grow in major countries in the MEA region such as South Africa, Iran, Turkey, and the Rest of MEA during the forecast period of 2019-2029.

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the automotive load floor market, along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the automotive load floor market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are DS Smith, Nagase America Corporation., IDEAL Automotive GmbH, Huntsman International LLC, CIE Automotive, SA Automotive, Gemini Group, Inc, ABC Technologies, and Woodbridge, among others.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the automotive load floor market report.

This chapter help readers understand the research methodology followed to obtain several conclusions as well as important qualitative and quantitative information about the automotive load floor market.

How the research was conducted?

Primary Research

Primary research interviews with key opinion leaders and other participants were conducted for data collection and validation of the below information: 

  • Adoption of Automotive Load Floor
  • Average Selling Price (US$) and Market Growth
  • Key Developments
  • Key Trends and Opportunities
  • Regional wise Dynamics
  • Market Share Information
  • Key Brands
  • Competition & Key Vendor Strategies

Secondary Research

  • Company Press Release
  • Published Trade Data
  • Quarterly Financial Statements, 10-K & 10-Q Filings, Factiva, Morning Star
  • Annual Reports/SEC filings/Investor Presentations/Earning Call Transcript
  • Industry Journals
  • Press Information and Data Released by Exhibitions Conducted By Associations, etc.
  • OICA
  • ACMA

 

Primary Interview Splits

Primary Interview Splits automotive load floor market 1

Automotive Load Floor Market Competition Analysis Reports - Table of Contents

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