The global flooring and carpet sales will grow at a healthy CAGR of over 5% through 2031, despite a period of muted growth in 2020, according to a latest study by ESOMAR-certified market research firm, Future Market Insights.
The global flooring and carpet sales will grow at a healthy CAGR of over 5% through 2031, despite a period of muted growth in 2020, according to a latest study by ESOMAR-certified market research firm, Future Market Insights.
The study provides a clear analysis of how growth will develop by tracking flooring and carpet sales in more than 20 nations.
The study shows that because a large number of environmentally concerned consumers seek items that are in line with topics they care about, sustainability is now a priority rather than an afterthought.
Unquestionably important to designers and architects, as well as to the clients they design for, is the concept of sustainability. The decision to use flooring and carpet in future designs indicates that the companies are already committed to sustainability due to the minimal waste they produce during installation.
Request Sample Copy of this Report@
https://www.futuremarketinsights.com/reports/sample/rep-gb-369
Currently, modular carpets and carpet tiles have become increasingly popular, especially for application in commercial spaces, hospitality, and in healthcare and hospitals due to easier installation and significant degree of customization with respect to material and size. Further, many flooring and carpet manufacturers globally are using bitumen and PVC in their flooring and carpet backing, which help the manufacturers to reduce expenses.
Moreover, introduction of plant fibers such as sea grass and sisal aimed at eco-friendly appeal and use of chemical additives in fiber materials to impart flame retardant, anti-microbial, pest repellant properties etc. In terms of carpet manufacturing technology, tufted, woven and needle felt types are employed, of which tufted type is being used primarily.
FMI in its latest study has forecast the market to rise at a CAGR of 5.1% between 2021 and 2031.
Key Takeaways from the Flooring and Carpet Market Study
Who is winning?
Some of the key players operating in the flooring and carpet market are Mohawk Industries Inc., Interface Inc., Beaulieu International Group N.V., Tarkett S.A., Balta Group, Shaw Industries Group Inc., ALSORAYAI Group, Forbo Holding AG, Armstrong World Industries LLC, Gerflor Group, Oriental Weavers Group, Al Abdullatif Industrial Investment Company (AIIC), Polyflor Ltd., Brintons Carpets Limited, Milliken & Company Inc., and Betap Tufting B.V.
For More Details, Ask Analyst@
https://www.futuremarketinsights.com/ask-question/rep-gb-369
Key Segments
Flooring Type
Material Type
Application
Region
About FMI Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market
Aug 29, 2022