Floor Covering Market Size Rising at more than 6% CAGR During 2019-2026: Analysis of Key Players, Trends and Drivers

Global Floor Covering Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2026. Floor Covering Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Floor Covering market and provides information regarding the revenue for the period 2020 to 2026.

The floor covering products are precisely made with textiles, rubber, felts, resins and other artificial and natural substances primarily applied on the base level surface. The floor coverings are mainly applied in residential and commercial spaces to offer comfort, decoration, safety and durability to the flooring space. Global Floor Covering Market is valued approximately at USD 290 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6.20% over the forecast period 2019-2026.

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The flooring covering market is primarily driven owing to escalating construction sector which include establishments of both residential and commercial spaces, surging disposable income of the individuals, surging adoption and utility in hotels & restaurants along with escalating demand for luxury flooring in both developed and developing countries. The escalating construction sector is acting as a key driving factor towards the adoption and utility of floor coverings market. For instance: According to International Construction Market Survey, the growth rate of construction industry globally in 2017 was estimated nearly 3.5% and it grew to 3.9% (approx.) in 2018.

In addition, as per the annual report of European Construction Industry Federation (FIEC) in 2017, it is clearly stated that construction activity in entire Europe grew by 2.2% in 2016 (reaching approximately 1,278 billion Euro) compared to 2015. Similarly, in 2017, a similar increase is forecasted (more than 2%) followed by increase of 3% in 2018. Also, In 2018, it is estimated that commercial construction is roughly 89.52 billion in the United States, an increase from 40.1 billion in 2010 resulting into paving the way for the growth and development of floor covering market. However, the amount of non-degradable waste which is generated through the manufacturing of textile floor coverings consisting of carpet and rugs impedes the growth of the market over the forecast period of 2019-2026.

Major market player included in this report are:

  • Armstrong Flooring
  • Dixie Group, Inc
  • Forbo Holding
  • Gerflor Group
  • Home Depot Inc
  • Interface, Inc
  • Mannington Mills, Inc
  • Mohawk Industries, Inc
  • Shaw Industries Group, Inc
  • TOLI Corporation

The regional analysis of global Floor Covering market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the surging construction sector which include establishments of both residential and commercial spaces, low cost of floor coverings and high disposable income of the individuals. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as surging construction sector in the countries of China and India and escalating demand for luxury flooring by the customers would create lucrative growth prospects for the Floor Covering market across Asia-Pacific region.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product Type:

  • Textile Floor Covering
  • Tiles
  • Wood and Laminate
  • Vinyl and Rubber

By Application:

  • Commercial
  • Residential

Table of Contents:

Chapter 1.           Executive Summary

1.1.         Market Snapshot

1.2.         Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)

1.2.1.     Floor covering Market, by Region, 2017-2026 (USD Billion)

1.2.2.     Floor covering Market, by Product Type, 2017-2026 (USD Billion)

1.2.3.     Floor covering Market, by Application, 2017-2026 (USD Billion)

1.3.         Key Trends

1.4.         Estimation Methodology

1.5.         Research Assumption

Chapter 2.           Global Floor covering Market Definition and Scope

2.1.         Objective of the Study

2.2.         Market Definition & Scope

2.2.1.     Scope of the Study

2.2.2.     Industry Evolution

2.3.         Years Considered for the Study

2.4.         Currency Conversion Rates

Chapter 3.           Global Floor covering Market Dynamics

3.1.         Floor covering Market Impact Analysis (2018-2026)

3.1.1.     Market Drivers

3.1.2.     Market Challenges

3.1.3.     Market Opportunities

Chapter 4.           Global Floor covering Market Industry Analysis

Chapter 5.           Global Floor covering Market, by Product Type

Chapter 6.           Global Floor covering Market, by Application

Chapter 7.           Global Floor covering Market, Regional Analysis

Chapter 8.  Global Floor Covering Market Competitive Intelligence

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