DUBAI, United Arab Emirates, Feb. 17, 2022 (GLOBE NEWSWIRE) — The global Automotive Load Floor Market size was valued at US$ 1.9 Bn in 2021. Increasing sales of electric vehicles and passenger automobile across the globe are expected to boost demand at a 5% CAGR, pushing the market size to US$ 3.3 Bn in 2032.
As per a recent analysis by Future Market Insights (FMI), sales in the Automotive Load Floor Market are expected to grow at a CAGR of 5.0%, reaching a valuation of US$ 3.3 Bn by 2032.
The introduction of composite material load floors is a result of rapid innovation and growth in the automobile sector. Globally, composite load flooring is becoming more popular. This can be due to its light weight characteristics and improved luggage load carrying capability.
|Automotive Load Floor Market Size (2021)||US$ 1.9 Bn|
|Automotive Load Floor Market Projected Value (2032)||US$|