Automotive Sliding Load Floor Market
Automotive Sliding Load Floor Market, Trend Analysis & Competition Tracking By Material (Aluminium, Steel, Polymer, Composites, Wood Laminates), By Sales Channel (OEM, Aftermarket) - Global Market Insights 2019 to 2029
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.
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
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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.
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