Soft Covering Flooring Market Size, Share, Growth Report 2030

Soft Covering Flooring Market

Soft Covering Flooring Market by Product (Broadloom, and Carpet Tiles), and by Application (Commercial, and Residential): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-3984 Published Date: Dec-2020 Status : Published

The soft covering flooring market is set for rapid growth over the forecast period. In terms of revenue, the global soft covering flooring market accounted for USD 87.77 Billion in 2019.

Global Soft Covering Flooring Market: Overview

The Soft Covering Flooring Market is set for rapid growth over the forecast period. In terms of revenue, the global soft covering flooring market accounted for USD 87.77 Billion in 2019 and is expected to reach USD 110.92 Billion by 2026, growing at a CAGR of around 3.4%.

Soft covering flooring is a type of flooring that is distinguished from hard floors on the basis of flexibility. Rolls or rugs and carpets are the type of soft floor coverings while hard flooring includes ceramic tiles and stones. Soft floor coverings are available in a wide range of colors and textures and provide a high level of comfort.

Global Soft Covering Flooring Market: Growth Factors

The major factor driving the soft covering flooring market is the increasing demand for carpet tiles. As the soft flooring covers offer a range of colors, textures, and patterns it provides various options to the consumers. The manufacturers of soft covering flooring also produce products such as area rugs, carpets, and others. Among the available soft covering flooring products, carpet tiles and broadloom are majorly used owing to their beneficial attributes such as dimensional stability and flexibility. For the production of carpet tiles and broadlooms, the key raw materials required are synthetic fibers like polyester, polypropylene, nylon, and triexta. The easy availability of these raw materials is also one of the factors driving the soft covering flooring market. Other factors that are supporting the soft covering flooring market growth are the developing construction sector, rapid urbanization in the regions, and increasing disposable income. Strict regulations enforced regarding carbon emissions and the disposal of waste materials have resulted in the recycling of the carpets thus increasing market opportunities.

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Global Soft Covering Flooring Market: Segmentation

The global soft covering market is bifurcated on the basis of product and application. Based on the product, the soft covering flooring market is categorized into broadloom and carpet tiles. In terms of application, the market is divided into commercial and residential.

Global Soft Covering Flooring Market: Regional Analysis

Increased penetration of soft covering flooring in commercial, as well as residential buildings owing to its beneficial properties such as increased durability and easy process of installation, is driving the North American soft covering flooring market. In North American countries, especially in Mexico and Canada, a growing number of commercial and retail outlets due to the rise in urbanization is increasing the demand for construction materials thus driving the soft covering flooring market. Growing demand for green buildings in the U.S. is likely to increase the demand for lightweight and eco-friendly floor coverings. Owing to all these factors it is expected that North America will dominate the soft covering flooring market.

Asia Pacific region anticipates witnessing the highest growth rate in the coming years owing to the growing construction projects and increasing disposable income. The Middle East and African soft covering flooring market anticipate showing a good growth rate in the future owing to the rapid development in the construction sector.

Global Soft Covering Flooring Market: Competitive Players

Some of the prominent players in the soft covering flooring market are Mohawk Industries Inc., Beaulieu Group LLC, Tuftex, Shaw Industries Group, Inc., Engineered Floors LLC, and Dixie Group Inc., among others

Global Soft Covering Flooring Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of The Middle East & Africa

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