Soft Covering Flooring Market Size, Strategies, Competitive Landscape, Trends & Factor Analysis, 2020–2027 | Reports And Data

Published : 3 years ago, on 02/08/2021

The global Soft Covering Flooring market is forecast to reach USD 112.28 Billion by 2027, according to a new report by Reports and Data. Increase in people’s incomes globally, along with the growing construction of residential and commercial structures, have given a boost to the demand for the market. Aspiring homeowners not only buy new ones but also spend on their furniture in a liberal way. The same goes for improvements to the office to give them a more stylish look.

Synthetic fibers like nylon, polyester, triexta, and polypropylene are used as primary raw materials for the production of carpet tiles and broad looms. The abundant supply of such raw materials is projected to drive the demand for soft cover over the forecast period. Carpets are also produced from organic fibers, thus expanding the overall cost of the product.

The constant production of creative and flexible flooring products is driving the growth of the global market due to the various developments in digital printing technology. Growth in the construction sector and growing urbanization are also some of the factors that drive global demand. Due to the events in digital printing technologies, continuous production for the manufacture of flexible and innovative flooring products is expected to have a positive effect on the overall industry growth. The difference in the design and size of the product offered by the manufacturers is expected to have a positive market impact.

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Key participants include

Mannington Mills, Inc., Venture Carpets Inc., Mohawk Industries, Inc., Abbey Carpet & Floor, Beaulieu International Group, AFI Licencing, Interface Inc., Tarkett, Congoleum, and Shaw Industries, Inc., among others.

Further key findings from the report suggest

In North America, the residential segment accounted for 62.8% of the revenue share in 2019 and is anticipated to grow from USD 20.51 billion in 2019 to USD 26.31 billion. This can be due to their growing use in the region’s residential settings.

Developing the nation’s government has promoted and invested in infrastructural development and creative I.T construction, SEZs, parks, and more. This has culminated in the commercial segment being upgraded to 3.2% CAGR per and increasing further with an emphasis on urbanization and industrialization.

The carpet tiles segment due to various advantages is expected to increase in the following years. Carpet tiles with a variety of prints and designs are available in a wide selection. Such tiles can be used as wall tiles, floor coverings, and for longer life; they often need limited maintenance.

The rising need for eco-friendly products is intended to generate new opportunities for industry growth because of increasing health and environmental issues about many flooring solutions. Technological developments such as the growing use of VR technology to create finished goods are expected to see strong growth over the projected timeframe.

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For this report, Reports and Data have segmented into the global Soft Covering Flooring market on the basis of resin type, composite phases, industry vertical, and region:

Product Outlook (Revenue, USD Billion; 2017-2027)

Carpet Tiles

Broadlooms

Application Outlook (Revenue, USD Billion; 2017-2027)

Residential

Commercial

Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)

Retailer Distribution Channel

Wholesaler & Distributor Business Trend

Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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