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Merger & Acquisition Gives New Strategies To Automotive Carpeting & Roofing

The report predicts the global Automotive Carpeting And Roofing Market to grow with a CAGR of 5.7% over the forecast period from 2020-2025.

Major leading players in the market consist of IAC Group, Magna International, AGM Automotive, Feltex Automotive, Autoneum Holding, Low and Bonar and Faurecia.

     With the support obtained from the FEDER Fund of the European Union, INTERNATIONAL AUTOMOTIVE COMPONENTS GROUP, S.L. has carried out at its facilities in Agoncillo (Logroño) Jun 2020 the improvement of the efficiency of the production processes of the IAC GROUP, specifically two of the injection machines used in the injection molding process of parts such as bumpers and consoles or instrument panels, and thereby reduce the energy consumption of the Agoncillo plant. For this, two high-consumption injection machines and obsolete technology have been replaced by 2 new-generation injection machines that reduce the electrical consumption of the injection molding process.

     Electric carmaker Fisker Inc., which recently announced plans to go public through a merger with a so-called blank-check company, said that it has a tentative deal for Canadian auto supplier Magna International Inc. to build its Ocean  electric SUV. in the next few months" to have Magna Steyr start production of the Fisker Ocean at its Graz, Austria, plant as early as the fourth quarter of 2022.

    The report on global automotive carpeting and roofing market covers segments such as materials, component, and vehicle type. On the basis of materials, the sub-markets include fabric, polyvinyl chloride, rubber, foam, and others. On the basis of component, the sub-markets include trunk trim, headliners/sunshades, and floor carpet. On the basis of vehicle type, the sub-markets include passenger vehicles, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). By geography, the global infrared sensors market has been classified into five regions namely North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.  The Asia Pacific dominated the global automotive carpeting and roofing market over the last couple of years while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the automotive carpeting and roofing market worldwide.

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