Global Flooring and Carpets Market witnessing a CAGR of 5.1% in the Forecast Period 2021 to 2031

Published Via 11Press : NEWARK, Del: The global flooring and carpets market was worth US$ 271 Billion in the year 2021 and is expected to witness a CAGR of 5.1% between 2021 and 2031.

These days, chemical additives are used for obtaining anti-fungal, anti-microbial, noise-proofing, and flame-proofing characteristics. This is one off the major trends in flooring and carpets market.

Besides, there is an ever-increasing demand for flooring and carpets from the flourishing tourism and hospitality sector. Ceramic tiles are being increasingly used. They could be categorized as scratch-resistant tiles, unglazed tiles, and glazed tiles. The application areas include higher football areas like pathways, landscapes, shop floors and parking. Wood and laminates impart aesthetics to the commercial and residential sectors. Natural stone is a cost-effective option. Natural stone products include granite, marble, quartzite, sandstone, limestone, and likewise. They work well with outdoor areas, hallways, bathrooms, and living areas.

Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Flooring and Carpets Market’. Its determined team of analysts and consultants is there to execute using a 360-degree approach in primary, secondary, and tertiary modes of research.

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“With wholesome investments in renovation of government buildings and airports, the global flooring and carpets market is expected to grow on a remarkable note in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Flooring and Carpets Market

North America holds the largest market share with the US being subject to the buyers preferring “Made in US” flooring solutions.
Europe holds the second-largest market share with the UK witnessing an exorbitant demand for cost-effective options; which the manufacturers doling them out. Germany stands second on this count with consumers preferring new products every now and then.
Coming to MEA, Saudi Arabia, Kuwait, and Qatar are ruling the roost and are expected to keep the cash registers ringing even going forward. Egypt is also following suit.
The Asia-Pacific is likely to grow at the fastest rate in the flooring and carpets market with India and China witnessing an improvement in construction-related infrastructure.

Competitive Flooring and Carpets

Mohawk Industries, Inc. has its operations spread across 15 countries along with sales across 140 countries inclusive of Australia, Brazil, Canada, China, Europe, India, Malaysia, Mexico, Russia, and the US.
The other participants of the flooring and carpets market include Tarkett, S.A., AFI Licensing, Burke Flooring Products, Inc., Firbo Flooring, Shaw Industries, Inc., Interface, Inc, Gerflor, Mannington Mills, Inc., Polyflor, RAK Ceramics, Crossville, Inc., Atlas Concorde SpA, Porcelanosa Group, and Kajaria Ceramics Ltd.

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What does the Report floor?

The research study is based on flooring type (carpets (tufting and woven), rugs (accent rugs, area rugs, and other rugs), artificial grass, carpet tiles, vinyl flooring, and laminate parquet flooring), by material type (polypropylene, nylon, polyester, and likewise), and by application (residential, commercial offices, retail, hospitality, healthcare and hospitals, educational institutes, automotive, industrial, and likewise).
With increasing investments from governments in building and construction sector, the global flooring and carpets market is expected to grow irrevocably in the forecast period.

Key Segments

Flooring Type

Carpets

Tufting
Woven

Rugs

Accent Rugs
Area Rugs
Other 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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Table of Content

1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Key Statistics
1.3. Summary of Key Findings
1.4. FMI Analysis and Recommendations

2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition

3. Key Market Trends
3.1. Vertical Integration and Adoption of Inorganic Growth Strategies
3.2. Increasing Adoption of Synthetic Fibers
3.3. Compliance with Environment Management Norms
3.4. Rising Adoption of Eco-friendly Fibres
3.5. Highly Customised Products
3.6. Increasing Adoption of Carpet Tiles and Luxury Products (TOC Continue..)

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Global Flooring and Carpets Market witnessing a CAGR of 5.1% in the Forecast Period 2021 to 2031 | Future Market Insights, Inc.