Soft Covering Flooring Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
- Transparency Market Research
Soft covering flooring constitutes carpet tiles, broadloom, and rugs, which are equipped with dust-binding characteristics. Soft covering floors can offer and comfort along with noise reduction and heat insulation. These flooring solutions form a protective layer for the floors to upgrade the look of office or home décor, rugs, and carpet tiles.
The soft covering flooring market can be segmented based on product type, material type, application, and region. In terms of product type, the market can be segregated into carpet tiles, broadloom carpet, and area rugs. The carpet tiles segment dominates the market. Based on material type, the market can be segmented into vinyl, rubber and renewable sources such as linoleum. The application segment includes broadly residential and commercial floor constructions.
Increased consumer spending on aesthetic improvements to their homes or office spaces, and the rise in demand for premium carpets and rugs have boosted the soft covering flooring market. However, the carpet segment is anticipated to face strong competition from popular hard surface floors for residential and commercial applications.
Research and development activities and technological advancements in the manufacturing of floor covering are likely to present opportunities for the soft covering flooring market. Increasing awareness about the benefits of using eco-friendly materials in floor covering manufacturing can be profitably exploited by key vendors in the industry. Developed markets such as the U.S. witnessed significant demand for carpets and rugs.
Disposal of floor waste such as used rugs etc is anticipated to be a key concern in recent times. The soft covering flooring industry is expanding at a considerable pace; however, used carpets, rugs, and broadlooms create extensive waste. Lack of suitable or proper waste-disposal solutions is expected to attract criticism from environmentalists as well as regulatory bodies, which in turn is anticipated to hamper the market.
In terms of region, North America dominated the soft covering flooring market in terms of demand and revenue, closely followed by Asia Pacific in 2016. North America accounted for more than 35% share of the market due to development of environment-friendly and sustainable carpets by manufacturers in the regions. This, in turn, has boosted the demand for such flooring solutions, particularly in the U.S. The market in developing countries such as India and China is anticipated to expand rapidly over the next six years. This growth can be ascribed to the increased spending in renovation and home improvement activities in these countries.
Companies are increasingly concentrating on partnerships and acquisitions to expand their reach in the global markets and increase their revenue share. For example, the Dixie Group acquired Atlas Carpet Mill in 2014, and the acquisition of Floors N More LLC by ALJ Regional Holdings on April 16, 2014; and the takeover of Desso by Tarkett in 2015.
Key manufacturers operating in the soft covering flooring market include Abbey Carpet Company Inc., AstroTurf LLC, Beaulieu Group LLC, Bentley Mills Inc, Cargill Inc, and Dixie Group Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Chemicals
ChemicalsChinese Markets for Container Coatings
ChemicalsChinese Markets for Antioxidants
ChemicalsChinese Markets for Silicone Coatings
ChemicalsChinese Markets for Absorbents
Chemicals and MaterialsGlobal Market Study on Sodium Cyanide: Upswing in Mining Activities Boosting Sales Prospects