Floor Covering Market: Introduction
- Floor covering products are made with felts, textiles, rubber, resins, or other artificial or natural substances applied or fastened on the base level surface.
- Floor coverings are installed in rooms to provide durability, comfort, decoration, and safety.
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Key Drivers of the Global Floor Covering Market
- Growth in the housing industry at the global level is a favorable factor driving the floor covering market, as a result of consumer demand for smooth surface flooring.
- Rugs and carpets are popular among consumers due to their aesthetic and functional properties which can cover the floor as well improve the overall home or office décor appeal. Rising consumer spending on home décor products to bring aesthetic improvements is also driving the market growth.
- Technological advancement in floor cover installation is driving the market growth. Key players are investing on advance equipment which helps companies to install the product on a shorter timeline.
- Enforcement of government regulations regarding disposal of waste and carbon emission have significant influence on the broadloom and carpet tile manufacturing industry. As a result, tile manufacturers are working on a product recycle process with more focus on a reverse distribution model to promote return of carpet tiles.
Key Players Operating in the Global Market
Large number of small and large local and global players are present in the floor covering market. Companies adopt different strategies such as product innovation & development, geographical expansion, and merger & acquisition, helping them to increase their market share. A few of the key players operating in the global floor covering market 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
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Global Floor Covering: Research Scope
Global Floor Covering, by Product Type
- Textile covering
- Tiles
- Wood and laminate
- Vinyl and rubber
Global Floor Covering, by Application
- Commercial
- Residential
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
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