Jan 02, 2020
North America to Continue Reign in Automotive Sliding Load Floor Market, Increasing LCV Parc Providing Impetus, Finds Fact.MR
by Team Fact.MR
Fact.MR reveals in its latest published report that automotive sliding load floor market will experience a growth of 6.6% over the forecast period (2019-2029) to reach a market valuation of ~US$ 1.3 Billion by 2029 end. North America, accounting for 2/3rd share of the global sliding load floors market, is expected to retain its dominance in the foreseeable future. The heightened demand for automotive sliding load floor can be attributed to their utilization in light commercial vehicles (LCVs). In the vehicle category segment, LCVs alone accounted for 58% of the market share in 2018 for automotive sliding load floors.
Key Takeaways of the Automotive Sliding Load Floor Market
- Automotive sliding load floor market is projected to create a value opportunity of around US$ 600 million during the forecast period translating to a valuation growth of 2X in 2029 from 2019
- In 2018, light commercial vehicle segment generated more than 80% revenue in the market, owing to increased sales of LCV. In 2018, LCV (below 3.5 Ton) sales were up by 3%, higher than that of passenger cars & HCV
- Europe is estimated to grow at a significant growth rate during the forecast period as the region has stringent emission norms which force fleet operators to increase the adoption of LCV for transportation. The region creates around 1/4th of the total absolute opportunity in the automotive sliding load floor market during the assessment period
- Aftermarket sales channels hold a significant share of around 95% in terms of volume. Only few vehicle manufacturers like Renault, Nissan, and Ford offer automotive sliding load floor as an additional accessory.
Automotive Sliding Load Floor Market Surges on the Back of Lightweight Materials and Competitive Pricing
Automotive sliding load floor market is highly fragmented, with only a few players holding a quantifiable market share. With rapidly changing emission norms, manufacturers have started using lightweight materials like polymer and composites to manufacture automotive sliding load floors in order to gain a significant market hold.
Moreover, the cost of lightweight materials is around 1.5X higher as compared to traditional metal, and hence manufacturers are adopting wooden ply laminated with polymer, rubber or any other durable material to decrease overall weight of automotive sliding load floor. Some of the established players in the automotive sliding load floor market are Cargo Ease Inc., Front Runner GmbH, Mor Ryde International Inc, Takit Inc (Bed Slide), Jotto Desk, Decked LLC, Innovative industries Inc (Slide Master) and Cargo Glide among others.
More Valuable Insights on the Automotive Sliding Load Floor Market:
Fact.MR, in its new offering, has presented an unbiased analysis of the global automotive sliding load floor market, presenting historical demand data (2013-2018) and forecast statistics for the period of 2019-2029. The study divulges essential insights on the automotive sliding load floor market on the basis of material, vehicle category and sales channel across seven major regions.
>>> To Get more insights on automotive sliding load floor market, visit- https://www.factmr.com/report/4433/automotive-sliding-load-floor-market
About the Automotive Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned automotive team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million plus data points, the team has analyzed automotive industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help