The global flooring and carpet market size was worth around USD 261.48 billion in 2023 and is predicted to grow to around USD 422.28 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.47% between 2024 and 2032.
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Overview of the Flooring and Carpet Market
Any layer of finish material that is applied over a floor to provide a temporary or permanent covering is referred to as a floor covering. Carpets and rugs, wood, ceramic tiles, vinyl sheeting, and other materials are frequently employed as floor coverings.
Carpets are intended for use in warm or dry environments and are available in a variety of designs and patterns, contingent upon the specific application. The global construction sector’s increase in remodeling and renovation activities is the primary factor that is anticipated to stimulate the growth of the flooring and carpet market. The flooring and carpet market is anticipated to experience further development in the future due to the increasing demand for more sophisticated and superior interior decoration options. It is anticipated that the flooring and carpet market will experience new development opportunities as a result of the innovatively designed lightweight carpets and flooring options. Nevertheless, the global flooring and carpet market’s expansion may be limited in the years ahead by the price fluctuations of raw materials utilized by flooring and carpet manufacturers. Conversely, it is anticipated that the global flooring and carpet market will experience a favorable effect as a result of the increasing investments in the construction sector.
The study encompasses the drivers and restraints of the flooring and carpet market, as well as the influence they have on demand during the forecast period. Furthermore, the report encompasses an examination of the global opportunities in the flooring and carpet market.
A competitive landscape and an analysis of Porter’s Five 5Forces model for the flooring and carpet market have been incorporated to provide consumers of this report with a comprehensive understanding of the market. The research includes a market attractiveness analysis, which evaluates the market size, growth rate, and general attractiveness of all segments.
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The Global Flooring and Carpet Market is segmented based on product, application and region
Global Flooring and Carpet Market: Product Segment Analysis
● Woven
● Vinyl Flooring
● Carpet Tiles
● Artificial Grass
● Laminate Parquet Flooring
● Tufting
● Carpets
● Rugs
Global Flooring and Carpet Market: Application Segment Analysis
● Retail
● Healthcare and Hospitals
● Hospitality
● Automotive
● Education Institutes
● Industrial
● Commercial Offices
● Residential
● Others
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The Global Flooring and Carpet market profiles key players such as:
● Mannington Mills
● Shaw Industries
● TOLI Corporation
● Milliken & Company
● Forbo
● Mohawk Industries
● Floorworld LLC
● Tarkett Company
● Forbo Holding
● Polyflor Incorporation
Regional Analysis of the Flooring and Carpet Market
The historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are all included in the regional segment.
The Asia Pacific region is expected to become the world’s largest flooring and carpet market in the future due to the surge in construction activities. The construction sectors of countries such as China and India are undergoing significant growth. Additionally, the region is expected to experience a rise in the demand for non-residential building spaces as a result of accelerated urbanization and population growth. The consumption of lightweight and eco-friendly floor coverings is anticipated to increase significantly over the estimated timeframe in North America due to the increasing number of refurbishing activities throughout the region and the increasing construction of green buildings in the United States.
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