Global Soft covering flooring Market, By Product Type (Broadloom Carpet, Area Rugs, Carpet Tiles), Material (Vinyl, Rubber, Linoleum), Distribution Channel (Contractors, Specialty Stores, Home Centers, Others), End-User (Residential Replacement, Commercial, Builder) – Industry Trends and Forecast to 2029.
Soft covering flooring Market Analysis and Size
Over the last few years, soft covering flooring has gained popularity as a flooring material, which is majorly used in the construction industry. Soft covering flooring s widely used to increase aesthetics, interior looks in several commercial and residential structures. However, the expansion of infrastructure in several industries such as industrial automotive, healthcare, education, and the increase in homeowners and residential construction increase the market growth
Data Bridge Market Research analyses that the soft covering flooring market was valued at USD 94.68 billion in 2021 and is expected to reach USD 126.62 billion by 2029, registering a CAGR of 3.70% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Soft covering flooring Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Product Type (Broadloom Carpet, Area Rugs, Carpet Tiles), Material (Vinyl, Rubber, Linoleum), Distribution Channel (Contractors, Specialty Stores, Home Centers, Others), End-User (Residential Replacement, Commercial, Builder)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
Mohawk Industries, Inc., (U.S.), Shaw Industries Group Inc., (U.S.), Tarkett (France), Forbo Management SA (Switzerland), BASF SE (Germany), Gerflor (France), Interface Inc., (U.S.), Beaulieu International Group(Belgium), Sika India Pvt. Ltd., (Switzerland), Fosroc Inc., (U.K.), Dow (U.S.), Arkem S.A. (France), Ashland Inc. (U.S.), Mapei S.p.A (Italy), , MUHU (China) Construction Materials Co., Ltd., (China), Holcim (Switzerland), TOLI Corporation (Japan), SOLVAY (Belgium) and Milliken (U.S.)
|
|
Market Opportunities
|
|
Market Definition
A high level of elasticity categorizes soft covering flooring. Unlike hard covering flooring, soft covering flooring has a bit of give when walked on, meaning that footsteps on elastic flooring are much more lowered than on hard flooring. Soft covering flooring products include broadloom and cover tiles and mats with dust-restricting qualities.
Global Soft covering flooring Market Dynamics
Drivers
- High usage of soft covering flooring in residential and commercial sector
Soft covering flooring is used in both commercial and residential sector because it provides an attractive and durable flooring option. It can be installed in any room of the house, office and other areas and it comes in a several of styles and colours to suit any taste. It is also provide an easy installation, low maintenance, and long-lasting aesthetic look. These qualities make SPC flooring a popular best option for house, office, shopping malls, banks, showrooms and others are expected to drive the market growth rate.
- Surging usage of soft covering flooring for the carpet tiles and broadloom production
Soft covering flooring manufacturers are widely involved in the manufacture of different type of products such as carpets and area rugs which such as bath mats, roll goods, carpet tiles and broadlooms among others. Broadloom and carpet tiles are soft covering floorings widely used for superior properties such as flexibility and dimensional stability. The rising demand for soft covering flooring for the manufacture of carpet tiles and broadloom is expected to drive the market's growth rate.
- Increasing demand of soft covering flooring various industries
Emerging markets have a direct impact on the growth of the soft covering flooring market due to the global construction industry, because in this sector has the huge demand for soft covering flooring. The development of infrastructures in several sectors, such as industrial automotive, healthcare, education, and others and the development of homeowners and residential construction are expected to fuel the growth of the soft covering flooring market.
Opportunities
- High commercial usage and tourism expansion
The growing demand for innovative styles and designs from high-end commercial applications is anticipated to boost the demand for soft covering flooring in the market. Also, the growth of the commercial replacement market is likely to promote the growth of the industry. Furthermore, expanding tourism and hospitality industries coupled with increasing investments in the real estate sector are likely to generate immense opportunities for the growth of the soft covering flooring market.
Furthermore, growing investments by major manufacturers to deliver customized product solutions in different design patterns, colors, dimensions and textures are driving the product penetration in the construction industry in upcoming future.
Restraints/ Challenges
- Price and Availability of Raw Materials
The fluctuation in price of soft covering flooring raw materials and their availability can provide a significant challenge to soft covering flooring manufacturers, which will create difficulties for the growth of the soft covering flooring market.
Moreover, the accessibility of flooring substitutes will also act as market restraint and may hamper the growth of the soft covering flooring market during the forecast period.
This soft covering flooring market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 soft covering flooring market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Soft covering flooring Market
COVID-19 is an incomparable global public health emergency which has affected almost every business, and it has long term effect which are likely to impact the growth of the industry during the forecast period. Many construction projects have been suspended due to the lockdown which is imposed by the government authorities, while others have been postponed. Several industry such as restaurants, offices, and hotels were closed due to the outbreak of coronavirus, which is leading to a negative impact of COVID 19 on the soft covering flooring market.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Soft covering flooring Market Scope
The soft covering flooring market is segmented on the basis of product type, material, distribution channel and end-user. 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.
Product Type
- Broadloom Carpet
- Area Rugs
- Carpet Tiles
Material
- Vinyl
- Rubber
- Linoleum
Distribution Channel
- Contractors
- Specialty Stores
- Home Centers
- Others
End-User
- Residential Replacement
- Commercial
- Builder
Soft covering flooring Market Regional Analysis/Insights
The soft covering flooring market is analysed and market size insights and trends are provided by country, product type, material, distribution channel and end-user as referenced above.
The countries covered in the soft covering flooring market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the soft covering flooring market in terms of revenue and market share. This is due to the increasing number of construction activities and increasing expenditure on home in this region.
Asia-Pacific is anticipated to be the fastest developing region during the forecast period of 2022-2029 due to the rapid urbanization and growing popularity of stylish flooring among individuals in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation 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, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Soft covering flooring Market Share Analysis
The soft covering flooring market competitive landscape provides details by competitor. 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 soft covering flooring market.
Some of the major players operating in the soft covering flooring market are:
- Mohawk Industries, Inc., (U.S.)
- Shaw Industries Group Inc., (U.S.)
- Tarkett (France)
- Forbo Management SA (Switzerland)
- BASF SE (Germany)
- Gerflor (France)
- Interface Inc., (U.S.)
- Beaulieu International Group (Belgium)
- Sika India Pvt. Ltd., (Switzerland)
- Fosroc Inc., (U.K.)
- Dow (U.S.)
- Arkem S.A. (France)
- Ashland Inc. (U.S.)
- Mapei S.p.A (Italy)
- MUHU (China)
- Construction Materials Co., Ltd., (China)
- Holcim (Switzerland)
- TOLI Corporation (Japan)
- SOLVAY (Belgium)
- Milliken (U.S.)
SKU-