Global Flooring and Carpet Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Product Type (Woven, Vinyl Flooring, Carpet Tiles, Artificial Grass, Carpets and Others), Application (Retail, Hospitality, Automotive, Education Institutes, Commercial Offices, Residential and Others), Material Type (Nylon, Polyester, Polypropylene and Others) and Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) – Industry Analysis from 2024 to 2029

Updated On: June, 2024
ID: 13368
Pages: 175

Global Flooring and Carpet Market Size (2024 to 2029)

As per our analysis report, the global Flooring and Carpet Market is expected to reach USD 624.19 billion by 2029 from USD 461.19 billion in 2024, growing at a compound annual growth rate (CAGR) of 6.24 % during the forecast timeline.

Current Scenario of the Global Flooring and Carpet Market

Carpets and flooring are essential components of any household. Floor coverings are usually made from carpets and rugs, wood, ceramic tiles, vinyl sheets, polymer staple fibers, and other materials.

Floor covering refers to any finishing materials that are put over the floor structure and provide a walking surface. A carpet is a soft floor covering comprised of carpet threads that have been stapled or bonded together. Carpeting alludes to wall-to-wall coverage, whereas a rug is just used to cover a space. Other industries that use them include nylon, aircraft, autos, and more. Carpets are sometimes used to describe rugs. Some of the numerous types of flooring available on the market include resilient flooring, wood flooring, laminate flooring, rubber flooring, and ceramic floor tiles. Wool, nylon, olefin, and polyester are all common materials for carpets. Each flooring type's material features distinguish it from all the others. Non-resilient flooring includes wood, ceramic tiles, laminate, stone, marble, bamboo, ceramic tiles, and terrazzo. Because of its high durability, water resistance, minimal maintenance, & reliability, non-resilient floors have now become the preferred flooring alternative for heavy-traffic areas such as retail malls and corporate centers. They are also used in healthcare facilities, government buildings, and sports institutions, as well as residential structures, where heavy foot traffic is expected.

MARKET DRIVERS

The growth of the global flooring and carpets market is primarily driven by their increasing usage in the automotive, aerospace, aviation, and other industries.

Polyester, industrial, aviation, marine, and sports are all sectors in which carpet and flooring manufacturers are concentrating their efforts. The rising interest in interior decorating and increasing demand for appealing flooring materials are further fueling the growth rate of the flooring and carpet market. Flooring and carpets are preferred over wood and ceramics in residential settings due to their established presence and acceptable attributes at a reasonable price.

The growing number of construction activities and increased desire from people to have good-looking and comfortable flooring and carpets in their houses are further spurring the growth of the global market. The need of the customers for customized flooring goods, as well as new and novel printing processes such as 3D flooring, bespoke carpet tiles, recyclable products, and so on, are opening lucrative opportunities to the market participants. In the increasingly competitive flooring and carpet market, customers seek outstanding product performance at a cheap cost. Companies are offering customization based on customer-specific requirements in addition to standard-sized items. For instance, manufacturers are selling customized carpet tiles, customized colored and patterned carpets, and so on.

Factors such as technological advancements in flooring and carpets, the rapidly growing real estate industry in emerging economies, increasing desire from people to have aesthetic flooring, and rising demand for luxury vinyl tiles (LVT) are contributing to the growth of the global flooring and carpet market.

MARKET RESTRAINTS

The frequent fluctuations in the prices of raw materials that are required for the manufacturing of flooring and carpet products and the rise in health and environmental concerns are hindering the growth of the flooring and carpet market. The growing labor costs and production costs associated with the flooring and carpets are another significant restraint to the global market. The intense competition in the market and the presence of alternative flooring materials are further impeding the global market growth.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

6.24%

Segments Covered

By Product Type, Application, Material Type and Region

Various Analyses Covered

Global, Regional, and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America,

Middle East & Africa

Market Leaders Profiled

Armstrong World Industries, Autoneum Holding, Beaulieu Group, Dixie Group, FRITZ EGGER, Hangzhou Nabel Group, Interface Incorporated, Mohawk Industries, Oriental Weavers, RPM International and Suminoe Textile

 

SEGMENTAL ANALYSIS

Global Flooring and Carpet Market By Product Type

The carpets segment accounted for the greatest revenue share of the worldwide market in 2022 and is likely to keep the domination of the worldwide market during the forecast period.

Automobiles also employ floor carpets to guard against friction, noise, and heat. A carpet is perhaps a textile type of flooring cover with an upper layer of the pile that is linked to a backing. Although wool was once used to make the pile, synthetic fibers like polypropylene, nylon, or polyester are now commonly utilized since they are less affordable than wool. The terms carpet and rug are frequently used interchangeably; however, rugs are typically smaller than just a room and are not fastened to the floor.

Global Flooring and Carpet Market By Application

The residential segment is expected to witness the greatest CAGR among all segments in the worldwide market during the forecast period.

The residential segment includes the installation of flooring materials in new residential structures, renovations, and restructuring projects. The usage of a range of flooring materials in residential structures adds to the aesthetic appeal and offers comfort. The growing demand for carpeting in bedrooms and living spaces for comfort and the rapid adoption of eco-friendly and sustainable flooring materials in residences are further contributing to the growth of the residential segment in the global market.

Global Flooring and Carpet Market By Material Type

The nylon material type segment holds the greatest share of the worldwide flooring and carpet market during the forecast period due to their unique qualities such as lightweight, cheap cost, flexibility, and strength.

Nylon has properties that make it a great carpet material. Its long-term viability is crucial. Nylon is an extremely robust fabric that can withstand abrasion quite well. It's also extremely tough and has excellent texture retention to keep its original look. The rising usage of nylon in the manufacturing of flooring and carpet products in commercial spaces for its ability to withstand heavy foot traffic is promoting the growth of the nylon segment in the global market

REGIONAL ANALYSIS

The Asia Pacific market accounted for the greatest share of the worldwide flooring and carpet market and this trend is expected to continue during the forecast period.

Demand for flooring materials is predicted to rise in the Asia-Pacific region as a result of rising demand for modified residential development and considerable expenditures in the infrastructure sector. Countries like China, Japan, India, Malaysia, and many other APAC region countries are helping in the growth of the APAC flooring and carpet market. The boom of the construction industry in various Asia-Pacific countries, rapid urbanization, increasing disposable income, and growing demand from people to have aesthetic flooring are further fueling the growth of the Asia-Pacific market. China held the leading share of the Asia-Pacific market in 2022 and the lead of the Chinese market is estimated to continue in the forecast period.

North America captured the second-largest share of the global flooring and carpet market in 2022 and is expected to grow prominently in the coming years.

An increasing number of home renovation projects and rapidly growing commercial construction activities in the North American region are primarily driving the growth of the flooring and carpet market in North America. The rising preference for luxury vinyl tiles (LVT) in residential spaces and an increasing number of green building activities that promote the demand for eco-friendly flooring materials are further supporting regional market growth. The U.S. occupied the major share of the North American market in 2022, followed by Canada and Mexico.

Europe is not less than North America and accounted for a substantial share of the global flooring and carpet market in 2022 and is estimated to witness a healthy growth rate during the forecast period.

The boom of the European market is majorly driven by the growing usage of flooring and carpets in residential and commercial settings. European countries such as Italy, France and Germany are anticipated to hold the largest share of the European market in the coming years. Regions such as Latin America and MEA are expected to hold a considerable share of the global market in the coming years.

KEY MARKET PARTICIPANTS

Companies playing a major role in the global flooring and carpet market include Armstrong World Industries, Autoneum Holding, Beaulieu Group, Dixie Group, FRITZ EGGER, Hangzhou Nabel Group, Interface Incorporated, Mohawk Industries, Oriental Weavers, RPM International, and Suminoe Textile.

RECENT HAPPENINGS IN THE MARKET

  • In April 2022, When Floor & Decor, a major specialty retailer of hard-surface flooring, opens its newest site in Oak Ridge North (Woodlands), Texas, it will expand its countrywide reach. In the Houston market, this is the tenth warehouse store and one design studio to open. With a crew of roughly 50 full-time and part-time workers, the 80,000-square-foot Floor and decor warehouse store and design center will open.
  • In June 2021, The Dixie Group's commercial floorcovering company, AtlasMasland, agreed to sell some of its assets to Mannington Commercial. The deal is likely to be completed in the following 45 days. Mannington Commercial will acquire AtlasMasland's existing product lines, tufting machines, and other equipment assets from The Dixie Group's Atmore, Alabama, site upon conclusion of the agreement.

DETAILED SEGMENTATION OF THE GLOBAL FLOORING AND CARPET MARKET INCLUDED IN THIS REPORT

This research report on the global flooring and carpet market has been segmented and sub-segmented based on product type, application, material type, and region.

By Product Type

  • Woven
  • Vinyl Flooring
  • Carpet Tiles
  • Artificial Grass
  • Carpets
  • Others

By Application

  • Retail
  • Hospitality
  • Automotive
  • Education Institutes
  • Commercial Offices
  • Residential
  • Others

By Material Type

  • Nylon
  • Polyester
  • Polypropylene
  • Others.

 By Region

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

Please wait. . . . Your request is being processed

Frequently Asked Questions

Who are all the key players in the Global Flooring and Carpet Market

The major players are Armstrong World Industries, Autoneum Holding, Beaulieu Group, Dixie Group, FRITZ EGGER, Hangzhou Nabel Group.

What are the regions holding dominant shares of Global Flooring and Carpet Market?

Asia Pacific region is holding the dominant share of Global Flooring and Carpet Market.

What is the Global Flooring and Carpet Market’s estimated size and growth rate?

The Global Flooring And Carpet Market valued at US$ 408.60 Billion in 2021 and is anticipated to increase at US$ 660.27 Billion by 2027, with a growing CAGR 6.24% of in the next six years.

What are the driving factors that are helping the Global Flooring and Carpet Market?

An increase in usage of flooring and carpet in the automobile sector, aerospace, aviation, and more are fueling the demand for Flooring and Carpet Market.

What are the segments in the Global Flooring and Carpet Market?

The Global Flooring and Carpet Market is Segmented on the basis of Product Type, Application, Material Type, And Geography.

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1800

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample