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.
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.
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.
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 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 |
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.
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.
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
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.
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.
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.
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.
By Product Type
By Application
By Material Type
By Region
Frequently Asked Questions
The major players are Armstrong World Industries, Autoneum Holding, Beaulieu Group, Dixie Group, FRITZ EGGER, Hangzhou Nabel Group.
Asia Pacific region is holding the dominant share of Global Flooring and Carpet Market.
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.
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.
The Global Flooring and Carpet Market is Segmented on the basis of Product Type, Application, Material Type, And Geography.
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