Global Flooring and Carpet Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

“Global Flooring and Carpet Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz. The global flooring and carpet market report has been segmented on the basis of material, product type, application, and region.

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Flooring and Carpet Market: Overview

Floor covering and carpet materials are natural or man-made substances made by polypropylene, nylon, polyester, and others which are applied to provide comfort, durability, safety, and decoration to floor and ambience. Robust and resilient flooring and carpets are primarily used in construction projects as well as automobiles. It acts as a cost effective substitute and requires less maintenance cost as compared to the traditional modes of flooring, such as wood, ceramic and marble.

Flooring and Carpet Market: Dynamics

Increasing construction activities including healthcare, education, and growth of automotive sector are expected to fuel the demand for target product in the region. Moreover, shifting towards cost effectiveness and environment friendly products has been driving demand of flooring and carpets.

Availability of wide range of flooring options, in different sizes, pattern, and shapes is expected to propel demand for flooring and carpets and drives growth of the global flooring and carpet market over the forecast period. The advanced features of flooring and carpet such as durability, low cost, and ease of maintenance over the traditional flooring is also anticipated to boost demand and drives growth of the target market. In addition, attention regarding aesthetic value of flooring and carpet is expected to contribute significantly to growth of the market. Furthermore, innovative light weight carpets and floorings is expected to create a lucrative opportunity for growth of the market in the near future.

However, stringent rules and regulations about environmental impact of flooring and carpet raw material may hamper demand for the same and restrain growth of the target market. Adverse effects of Toxic chemicals to manufacture carpets on environment and human health are may also hinder growth of the global market during the forecast period.

Flooring and Carpet Market: Segment Analysis

On the basis of material, nylon product segment accounts for major share in the global flooring and carpet market owing to its unique properties such as light-weight, low cost, flexibility, and strength as compared to other segments.

On the basis of product type, carpets segment holds major revenue share in the global market and is expected to maintain its dominance over the forecast period. Floor carpets are used in vehicles for the protection from frictions, noises, and heat.

On the basis of application, non-residential segment is estimated to hold major revenue share in the global market on account of growing construction of hotels and offices in developing and developed economies, which is expected to boost the segment growth over the forecast period.

Flooring and Carpet Market: Regional Analysis

Asia Pacific market contributes largest market share in the global market, and is projected to maintain this trend during the forecast period. Increasing demand for modified residential construction and significant investments in the infrastructural sector are expected to drive demand for flooring materials in countries in the region. Increasing purchase power of people coupled with increasing infrastructure activities in china and India are some of major factors expected to be drive the market growth. North America accounts for significant revenue share contribution to the target market. Europe accounts for moderate revenue share in the global market and is expected to witness considerable growth over the next 10 years. Moreover, the market in Middle East & Africa and Latin America are also expected to register moderate growth rate over the forecast period.

Global Flooring and Carpet Market Segmentation

Segmentation by Material

• Polypropylene
• Nylon
• Polyester

Segmentation by Product Type

• Carpets
• Tufting
• Artificial Grass
• Carpet Tiles
• Vinyl Flooring
• Laminate Parquet Flooring

Segmentation by Application

• Residential
• Non-residential

Segmentation by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa