Global Flooring and Carpets Market, By Type (Carpets, Rugs, Artificial Grass, Carpet Tiles, Vinyl Flooring, Laminate Parquet Flooring), Material Type (Polypropylene, Nylon, Polyester, Others), Application (Residential, Commercial Offices, Retail, Hospitality, Healthcare and Hospitals, Educational Institutes, Automotive, Industrial, Others) – Industry Trends and Forecast to 2030.
Flooring and Carpets Market Analysis and Size
The rise in the investments in construction sector across the globe, acts as one of the major factors driving the growth of flooring and carpets market. The increase in demand for the flooring from various industries such as automotive, industrial, aviation, marine and sports sectors and increase in the government investments in renovation of airports, government buildings as well as hospitals accelerate the market growth.
Data Bridge Market Research analyses that the global flooring and carpets market which was USD 684.57 million in 2022, will reach USD 1,082.89 million by 2030, and is expected to undergo a CAGR of 5.90% during the forecast period 2023-2030. “Carpets” dominates the product type segment of the global flooring and carpets market by because of warmth and cushioning, making them a popular choice for bedrooms and living rooms where comfort is a priority. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
Flooring and Carpets Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Carpets, Rugs, Artificial Grass, Carpet Tiles, Vinyl Flooring, Laminate Parquet Flooring), Material Type (Polypropylene, Nylon, Polyester, Others), Application (Residential, Commercial Offices, Retail, Hospitality, Healthcare and Hospitals, Educational Institutes, Automotive, Industrial, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Interface, Inc. (U.S.), Beaulieu International Group (Belgium), Tarkett (France), Balta Industries nv. (Belgium), Shaw Industries Group, Inc. (U.S.), Al Sorayai (Saudi Arabia), Forbo Management SA (Switzerland), AWI Licensing LLC (U.S.), Gerflor DLW GmbH (France), Oriental Weavers (Egypt), AIIC (Saudi Arabia), Polyflor Ltd (United Kingdom), Brintons Carpets Limited (United Kingdom), Milliken & Company (U.S.), Betap (Italy), Gobain (France), 3M (U.S.) and Johns Manville (U.S.)
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Market Opportunities
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Market Definition
Flooring refers to the materials used to cover and finish the surfaces of floors in buildings. Carpets are a specific type of flooring made from soft textile fibers, offering comfort, insulation, and design versatility. While various materials like hardwood, tile, and concrete can be used for flooring, carpets provide a warm, cushioned surface underfoot, reduce noise, and come in a wide range of colors and patterns, making them a popular choice for residential and commercial spaces, especially in areas where comfort and aesthetics are valued.
Global Flooring and Carpets Market Dynamics
Drivers
- Rising Construction Activities
The growth of the construction industry, particularly in emerging economies, drives demand for flooring and carpets in residential, commercial, and industrial sectors. A strong housing market often drives construction activities, as new homes and housing developments require flooring and carpet installation. Low-interest rates, government incentives, and population growth can stimulate the housing market, leading to increased demand for flooring and carpet products.
- Renovation and Remodeling
An increasing trend in renovation and remodeling projects, particularly in mature markets, fuels the replacement of existing flooring and carpets. As consumer tastes and interior design trends evolve over time, many homeowners and businesses choose to update their flooring and carpeting to achieve a modern or desired look. Renovations and remodels offer an opportunity to incorporate the latest styles and materials.
Opportunities
- Green and Sustainable Products
The growing demand for sustainable and eco-friendly flooring options presents opportunities for manufacturers to innovate and develop greener products. Sustainable flooring and carpet products are often made from eco-friendly materials. These can include reclaimed wood, bamboo, cork, and recycled content such as glass, rubber, or plastics. These materials are sourced and processed in environmentally responsible ways.
- Emerging Markets
Expanding into emerging markets with a rising middle class, such as Asia and Africa, provides opportunities for market expansion. The Asia-Pacific region, including countries like China and India, has been a significant emerging market for flooring and carpet products. Rapid urbanization, a growing middle class, and increased construction activity have driven demand for various types of flooring materials, from hardwood and laminate to carpets and rugs. In particular, China's construction boom has been a major driver of growth.
Restraints/Challenges
- Competition from Alternative Materials
Rivalry from alternative flooring options, such as hardwood, laminate, and vinyl, poses a competitive challenge to the carpet industry. LVT and vinyl planks have gained popularity as alternatives to traditional hardwood and tile flooring. They offer durability, ease of maintenance, and a wide range of designs that mimic natural materials at a lower cost. Porcelain and ceramic tiles are traditional choices for bathroom and kitchen flooring, but they are increasingly used in other areas of the home due to their durability, water resistance, and design versatility.
- Regulatory Compliance
Adhering to environmental regulations and standards, particularly concerning the use of certain chemicals in carpet production, can be complex. Adhering to manufacturer guidelines and working with experienced HVAC professionals can provide valuable insights and ensure proper maintenance practices are followed. Also, the lack of favorable reimbursement scenarios and technology penetration in the developing economies, heavy custom duty imposed on medical devices, and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2023-2030.
This global flooring and carpets market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global flooring and carpets market Contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Global Flooring and Carpets Market Scope
The global flooring and carpets market is segmented on the basis of type, material type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Carpets
- Rugs
- Artificial Grass
- Carpet Tiles
- Vinyl Flooring
- Laminate Parquet Flooring
Material Type
- Polypropylene
- Nylon
- Polyester
- Others
Application
- Residential
- Commercial Offices
- Retail
- Hospitality
- Healthcare and Hospitals
- Educational Institutes
- Automotive
- Industrial
- Others
Global Flooring and Carpets Market Regional Analysis/Insights
The global Flooring and carpets market is analysed and market size insights and trends are provided by country, type, material type and application as referenced above.
The countries covered in the global flooring and carpets market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
Asia Pacific dominates the global flooring and carpets market because of rise in demand for flooring from emerging economies, such as China and India and government support within the region.
North America is expected to witness significant growth during the forecast period of 2023 to 2030 because of the well-established construction industry in the U.S. and Canada and increase in the demand for single-family houses in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Flooring and Carpets Market Share Analysis
The global flooring and carpets market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global flooring and carpets market.
Some of the major players operating in the global flooring and carpets market are:
- Interface, Inc. (U.S.)
- Beaulieu International Group (Belgium)
- Tarkett (France)
- Balta Industries nv. (Belgium)
- Shaw Industries Group, Inc. (U.S.)
- Al Sorayai (Saudi Arabia)
- Forbo Management SA (Switzerland)
- AWI Licensing LLC (U.S.)
- Gerflor DLW GmbH (France)
- Oriental Weavers (Egypt)
- AIIC (Saudi Arabia)
- Polyflor Ltd (United Kingdom)
- Brintons Carpets Limited (United Kingdom)
- Milliken & Company (U.S.)
- Betap (Italy)
- Gobain (France)
- 3M (U.S.)
- Johns Manville (U.S.)
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