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Soft Covering Flooring Market ScopeAs home décor is becoming more desirable among people, its floor soft covering segment is observed to experiencing high sales as they offer comfort and hold an impressive aesthetic appeal. MRFR spotted these merits to be significant factors that are likely to trigger growth. After high degree of comfort, their ability to reduce indoor noise intensity and provide heat insulation are other significant of soft covering flooring that are anticipated to push its market growth, worldwide. The market can capitalize on large-scale availability of raw materials required for the production of soft covering floorings. However, limitations such as variation in prices of raw materials and economic disruptions can interfere the market growth. In addition, the availability of choices such as hard floor coverings can also relax the market.
MFRF’s list of important key players that are functioning in the global soft covering flooring market include Interface, Inc. (US), Beaulieu International Group (Belgium), Abbey Carpet & Floor (US), Bentley Mills, Inc. (US), Cargill, Incorporated (US), Engineered Floors LLC (US), The Dixie Group, Inc. (US), Milliken & Company (US), Mannington Mills, Inc. (US), Trinseo S.A. (US), and Mohawk Industries (US).
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Industry News
August 2019
DOMOTEX 2019, Shaw Industries, one of the leading carpet manufacturers, showcased its Anderson Tufted and COREtec brands, which is a pet-friendly hardwood products and carpets collection.
DOMOTEX, the World Trade Fair for Carpets and Floor Covering, in 2020, to focus on floor covering properties designs with the feel-good factor.
DOMOTEX USA Established itself as America’s Most Innovative and International Floor Covering Event.
Intended Audience:
• Raw Material Suppliers
• End Users
• Traders and Distributors
• Regulatory Bodies
Segmental Overview
The soft covering flooring market has been segmented on the basis of application and product. Based on the product, the market has been divided into broadloom and carpet tiles. The broadloom segment is contributed significantly to the market growth in the review period. High demand for broadloom in luxury hotel, educational and institutions, airports, and healthcare space is expected to impel the market growth. The growing popularity of broadloom among both its domestic consumers and manufacturers in different industries can benefit the soft covering flooring market. The carpet tiles segment is expected to register a high growth rate. Based on the application, the market is segmented into commercial and residential. The residential segment growth to capitalize on surging demand for refurbishing home space. By 2024, the segment is accounted for holding the market’s major share.
Regional Outlook
By region, the worldwide soft covering flooring market has been studied across Europe, North America, Asia-Pacific, and the Rest of the World (RoW)
The expansiveness of the North America market can be attributed to hike in sustained investments for developing green buildings in commercial real estate space. The United States is the largest producer of soft covering floorings, hence is expected to gain traction for the North America market over the evaluation period.
The soft covering flooring market growth in the Asia-Pacific region is anticipated to escalate registering the highest CAGR during the evaluation period. Widening urban population base, increase per capita income, adoption of modern technologies by the construction industry, and growing inclination of people towards luring home decoration to cherish a feel-good stay are factors that expected to spur the growth of the APAC soft covering flooring market growth. Countries such as India and China, in APAC, are prominent suppliers of raw materials required in the production of soft covering floorings. This, in turn is likely to gain high profit for the regional market.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis
Continued.....
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List of Tables
Table 1 Global Soft Covering Flooring Market, by Region, 2019–2024
Table 2 North America: Soft Covering Flooring Market, by Country, 2019–2024
Table 3 Europe: Soft Covering Flooring Market, by Country, 2019–2024
Table 4 Asia-pacific: Soft Covering Flooring Market, by Country, 2019–2024
Table 5 Row: Soft Covering Flooring Market, by Country, 2019–2024
Table 6 Global Soft Covering Flooring Market, by Product, by Region, 2019–2024
Table 7 North America: Soft Covering Flooring Market, by Product, by Country, 2019–2024
Table 8 Europe: Soft Covering Flooring Market, by Product, by Country, 2019–2024
Continued.......
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top-down and Bottom-up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Soft Covering Flooring Market Share, by Product, 2017 (%)
Continued.......
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