Automotive Sliding Load Floor Market Gains Traction as Innovations in Cargo Management Abound
The prolific rise in e-commerce purchases such as electronics, clothing, and groceries are providing major impetus to last mile and intercity deliveries, which require highly optimized solutions to reduce transportation cost.
Owing to this, delivery partners have increased adoption of light/pickup trucks and vans for delivery along with a suitable cargo management system. As secure loading and unloading remains a primary concern during transportation, most operators opt for automotive sliding load floors.
On this backdrop, demand for automotive sliding load floors is likely to grow 1.9X times during the assessment period.
Polymers Emerge as a Prime Substitute for Traditional Heavy Metals
Installation of conventional automotive sliding load floors substantially increases the overall weight of the vehicle and reduces vehicle performance.
Furthermore, stringent government policies are influencing manufacturers to focus on decreasing component weight and increasing overall efficiency of vehicles by increasing power-to-weight ratio, which in turn decreases carbon emissions.
Along with being lightweight and durable, polymers offer various other benefits such as non-skid surface, moisture repellency, and ease of operation, apart from being completely recyclable. As polymers provide immense advantages over traditional metal, adoption of polymers in automotive sliding load floor market will double over the forecast period to create an absolute opportunity of US$ 116 million.
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Outdoor Recreational Activities are Creating Heightened Demand for Automotive Sliding Load Floor
Outdoor adventure activities such as trekking, camping and dirt biking are gaining popularity among youngsters. Such activities involve a lot of cargo movement, like camping kits, dirt bikes, bicycles, ATVs, and other sports equipment.
As sliding load floors facilitate the easy loading & unloading of cargo, they have become the accessories of choice for adventure sports and other outdoor activities. On an average, two out of five sliding load floors are installed in vehicles used for recreational purpose.
Automotive Sliding Load Floors Market to Gather Momentum with Surging Adoption of LCV
Increasing demand for last mile intercity transportation, influences logistic suppliers and fleet owners to constantly increase number of light trucks & vans in their fleet. In order to increase operational efficiency, fleet owners and logistic suppliers are adopting various cargo management systems.
Increase in demand for LCV is the key adoption factor for automotive sliding load floor, as LCVs including pickup trucks and vans have created demand for more than 80% of automotive sliding load floors in 2018 and the trend is likely to continue in the future.
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Collaboration with Fabricators Offering Lightweight Automotive Sliding Floor- Key Market Strategy
Automotive sliding load floor market is a highly fragmented market, where small regional players are in stiff competition with one another.
To enhance their presence in the market, automotive sliding load floor suppliers are collaborating with local fabricators, who are installing sliding load floors in vehicles. Manufacturers are offering cost benefits and friendly policies to the local fabricators, to use and promote their products.
Along with this, manufacturers are also offering lightweight automotive sliding load floors as a substitute to heavier, conventional sliding load floors, as lightweight automotive sliding load floors are easier to handle as compared to heavier conventional sliding load floors.
- In October 2018, Truck Accessories Group (TAG), acquired Takit Inc. (Bedslide), a leading manufacturer of automotive sliding load floor manufacturers to strengthen its position in the market
- ExtendoBed Inc. partnered with Boise Mobile Equipment, Inc. to supply their cargo slides for fire trucks
An Adaptive Approach to Modern-day Research Needs
Key Segments of the Automotive Sliding Load Floor Market
Fact.MR’s study on the automotive sliding load floor market offers information divided into four key segments based on material, vehicle category, sales channel and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
Automotive Sliding Load Floor Market - Scope Of The Report
Fact.MR recently published a market study on the global market for automotive sliding load floor.
The study provides a detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the automotive sliding load floor market structure.
The market study presents exclusive information about how the automotive sliding load floor market will grow during the forecast period of 2019-2029.
Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in Fact. MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the automotive sliding load floor market in the forecast period.
The study is relevant for stakeholders in the automotive sliding load floor market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market.
Stakeholders in the automotive sliding load floor market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in Fact.MR study.
The study also includes statistics as well as facts related to macro as well as microeconomic factors that are impacting developments in the automotive sliding load floor market.
It also offers actionable insights based on future trends in the automotive sliding load floor market.
Furthermore, small businesses and new entrants in the automotive sliding load floor market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.
Key Questions Answered in the Fact.MR’s Automotive Sliding Load Floor Market Report
- Which regions will continue to remain the most profitable regional markets for automotive sliding load floor market players?
- Which factors will induce a change in the demand for automotive sliding load floor during the assessment period?
- How will changing trends impact the automotive sliding load floor market?
- How can market players capture the low-hanging opportunities in the automotive sliding load floor market in developed regions?
- Which companies are leading the automotive sliding load floor market?
- What are the winning strategies of stakeholders in the automotive sliding load floor market to upscale their position in this landscape?
Automotive Sliding Load Floor Market: Research Methodology
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the automotive sliding load floor market, and reach conclusions on future growth parameters of the market.
This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of conclusions.
Secondary resources referred to analysts during the preparation of the automotive sliding load floor market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases.
Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who have contributed to the development of this report as a primary resource.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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