New York, NY, Feb. 27, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Flooring and Carpet Market by Product Type (Woven, Vinyl Flooring, Carpet Tiles, Artificial Grass, Laminate Parquet Flooring, Tufting, Carpets, and Rugs), by Application (Retail, Healthcare and Hospitals, Hospitality, Automotive, Education Institutes, Industrial, Commercial Offices, Residential, and Others), and by Material Type (Nylon, Polyester, Polypropylene, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global flooring and carpet market was valued at approximately USD 380.5 billion in 2018 and is expected to generate USD 450 billion by 2025, at a CAGR of around 6.5% between 2019 and 2025.
The carpets and floorings are a vital part of any household that is gaining importance in various other applications, such as aerospace, aviation, automobiles, etc. The common materials that are used as a floor covering include carpets and rugs, wood, ceramic tiles, vinyl sheets, etc.
Browse through 100 Tables & 40 Figures spread over 110 Pages and in-depth TOC on “Global Flooring and Carpet Market: Industry Size, Share, Growth, Segments, Analysis and Forecast, 2018–2025”.
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The recovery of the construction in developed regions, such as North America and Europe, is likely to drive the flooring and carpet market growth globally in the future. In addition, the increasing construction and renovation activities in emerging economies, such as India, China, Brazil, etc., are likely to fuel further the global flooring and carpet market growth over the estimated timeframe. Moreover, the increasing expenditure from the consumers for the decoration of homes, offices, and hotels is also projected to significantly contribute to this market’s growth. A large number of automobile companies are also using carpet floorings to enhance the appearance of the vehicle. However, the price fluctuation of raw materials used by flooring and carpet manufacturers may restrain the growth of the global flooring and carpet market in the years ahead. On the other hand, growing investments across the construction industry are expected to have a positive impact on the flooring and carpet market globally.
By product type, the global flooring and carpet market is segmented into woven, vinyl flooring, carpet tiles, artificial grass, laminate parquet flooring, tufting, carpets, and rugs. The vinyl flooring segment is expected to grow rapidly in the future, owing to its high resistance to moisture, mildew, and mold. Based on application, the global flooring and carpet market has been segmented into retail, healthcare and hospitals, hospitality, automotive, education institutes, industrial, commercial offices, residential, and others. The residential sector is likely to hold the largest share in the years ahead, due to the increasing demand for aesthetic flooring materials and growing inclination toward interior decoration. By material type, the market is segmented into nylon, polyester, polypropylene, and others.
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By region, the North American flooring and carpet market is expected to witness moderate growth over the forecast time period. This can be due to various key developments witnessed across the region, which has increased the demand for renovation and reconstruction of buildings. Moreover, an increase in the number of retail outlets and commercial buildings due to urbanization in cities like Mexico will propel the demand for construction materials in the region, which, in turn, is expected to fuel the flooring and carpet market in the upcoming years.
Europe held a significant share of the global flooring and carpet market in 2018 and is expected to witness notable market growth in the future. This can be due to the increasing use of carpet floorings by the automobile industry for the beautification of car interiors, rising consumer expenditure for construction of residential buildings, and growing per capita income that helps them in spending on home interiors, such as innovative flooring solutions.
Browse the full “Flooring and Carpet Market by Product Type (Woven, Vinyl Flooring, Carpet Tiles, Artificial Grass, Laminate Parquet Flooring, Tufting, Carpets, and Rugs), by Application (Retail, Healthcare and Hospitals, Hospitality, Automotive, Education Institutes, Industrial, Commercial Offices, Residential, and Others), and by Material Type (Nylon, Polyester, Polypropylene, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/flooring-and-carpet-market
The AsiaPacific flooring and carpet market is expected to show the highest CAGR over the estimated time period, particularly in China and India. This growth can be attributed to the region’s flourishing construction industry and rapid urbanization, which, in turn, has increased the demand for better interior options. Moreover, the real estate industry is rapidly expanding due to the shift in government’s focus on infrastructural development and the implementation of favorable regulations is anticipated to further drive the region’s flooring and carpet market in the years ahead.
Latin America and the Middle East and Africa are expected to witness moderate growth in the global flooring and carpet market over the estimated timeframe, owing to the escalating demand for stain-proof, bleach resistant, and anti-microbial carpets by healthcare and hospitality sectors.
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Some key players operating in the global flooring and carpet market include Mannington Mills, Shaw Industries, TOLI Corporation, Milliken & Company, Forbo, Mohawk Industries, Floorworld LLC, Tarkett Company, Forbo Holding, and Polyflor Incorporation, among others.
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This report segments the global flooring and carpet market into:
Global Flooring and Carpet Market: Product Type Analysis
- Woven
- Vinyl Flooring
- Carpet Tiles
- Artificial Grass
- Laminate Parquet Flooring
- Tufting
- Carpets
- Rugs
Global Flooring and Carpet Market: Application Analysis
- Retail
- Healthcare and Hospitals
- Hospitality
- Automotive
- Education Institutes
- Industrial
- Commercial Offices
- Residential
- Others
Global Flooring and Carpet Market: Material Type Analysis
- Nylon
- Polyester
- Polypropylene
- Others
Global Flooring and Carpet Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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