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.
Rockville, United States - January 8, 2020 /MarketersMedia/ —
Automotive sliding load floors are rapidly gaining adoption in modern vehicles, as auto manufacturers have been seeking options to bolster shipping capacities for transport, while keeping capital investment requirements low. Most load floor manufacturers have been pushing for a paper honeycomb technology made from polyurethane, with the aim of bolstering durability and allowing for easier cleaning.
The global automotive sliding load floors market is expected to grow by 1.9 times through the forecast period till the end of 2029. The growth can be widely attributed to the massive rise in e-commerce operations, with the high demand for clothing, electronics, groceries, which has created a strong need for intercity and last mile deliveries for a suitable cargo management system.
The rising need for light commercial vehicles and the need for commercial cargo management, safety in loading and unloading will be a major factor driving the demand for automotive sliding load floors.
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Recyclable Polymers Gain Traction
Automotive sliding load floors manufacturers are increasingly opting to develop their products using sustainable polymers including polypropylene, which is ideal owing to its high durability and low weight. The bubble structure of the material provides multiple advantages including non-skid surfaces, repelling moisture, color adjustment, and easier cutting and formation.
In addition, vehicle original equipment manufacturers are using polypropylene to cut down on the weight of the vehicle in addition to boosting fuel consumption, with the aim of delivering a more sustainable alternative.
Governments are setting up strict policies to reduce carbon dioxide emissions, which are also supporting the use of polypropylene to direct automobile manufacturers in terms of expanding fleets of electric vehicles. This trend is expected to generate a greater demand for lighter parts, owing to effects of handling heavier batteries.
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East Asian Countries tom Become Primary Markets
The rapid rise in the numbers of passenger vehicles and the growing trend for automobile electrification are becoming key to the growing importance of East Asian nations as primary markets for the industry. This trend is especially true for automotive production in India and China, which have projected growth of up to 7 per cent in the coming decade, owing to a majority of these shares coming from compact and mid-sized vehicles.
In addition, electric vehicles are being exempt from taxes in China and India, in addition to being provided with other incentives such as exemptions to road tolls, priority parking, which are expected to increase the demand for light weight variants of automotive sliding load floors for heavy shipping and baggage handling.
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Innovation in Offerings Key to Business Strategy
Major names among manufacturers include the Huntsman International LLC., Nagase America Corporation, and DS Smith. Major market players are choosing to set up integrated points of connection to eliminate the need for drilling operations in the chassis, which allows for a stronger structure.
Innovations such as lash traps, load safety nets, and double load floors are expected to gain traction for cutting down fuel costs and toll, which has opened opportunities for long term collaborations with fabricators in target countries through the forecast period.
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