Market Share of Automotive Carpeting Industry
The automotive carpeting market is fragmented and highly competitive due to the presence of various international and regional players operating in this space. Some of the major players include Hyosung, Autoneum Holding Ltd., Dorsett Industries, Hayashi Telempu Corporation, Auto Custom Carpets, Alliance Interiors, UGN Inc, Faurecia SA, Toyota Boshoku Corp., and Grand Carpet Industries, among others. Various companies operating in the industry actively engage in forming partnerships with major auto manufacturers to enhance their brand presence.
- In February 2023, Volkswagen announced its commitment to integrate eco-friendly material, Seaqual yarn, derived from ocean plastic and recycled PET bottles, in its ID.3, ID.4, ID.5, and ID.7 models. The company aims to utilize recycled materials for the insulating layer of the vehicle carpet as well as seat covers. It marks a major commitment from a leading auto manufacturer to promote the usage of eco-friendly materials for car interiors.
- In November 2022, Autoneum announced the introduction of its new carpet system that is made up of 100% polyester. The innovative carpet systems introduced are fully recyclable, thus paving the way for an improved and more sustainable end-of-life recycling of electric vehicles. In addition, the high content of recycled PET, as well as the zero waste and less energy-intensive production process, further improve the carbon footprint of the company's new monomaterial needle punch and tufted carpets.
The market is anticipated to witness the launch of various advanced and eco-friendly vehicle carpet solutions in the coming years as these players try to gain a competitive edge with the diversification of their product portfolio.
Automotive Carpeting Market Leaders
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Hyosung
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Autoneum Holding Ltd.
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Dorsett Industries
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Hayashi Telempu Corporation
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Auto Custom Carpets
*Disclaimer: Major Players sorted in no particular order
