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  • Published On : Aug 2022
  • Code : CMI3262
  • Industry : Consumer Goods
  • Pages : 170
  • Formats :

Textile flooring is an advanced flooring option that looks and feel like soft carpet and can be used in a variety of environment due to its versatile nature. It offers high durability and reduces overall maintenance costs. They are used for aesthetic purposes and also for noise- and echo-proofing across residential and commercial spaces such as hotels and restaurants, office buildings, theatres and auditoriums, residences, and public places such as railway stations and airports.

Global textile flooring market was valued at US$ 184.29 Billion in 2021 in terms of revenue, exhibiting a CAGR of 6.1% during the forecast period (2022 to 2030).

Drivers

 A growing number of consumers looking for high-quality products is a prime factor fueling the textile flooring market growth. Moreover, shifting consumer preferences towards luxury products due to increasing disposable is another major factor propelling the market growth of textile flooring. Rising consumption of textile and furnishings for homes due to increasing consumer spending on home renovation coupled with the growth in North America markets, especially in the U.S., where the residential sector is recovery currently is further expected to fuel the market growth over the forecast period.

Among region, Asia-Pacific is expected to dominate the market growth over the forecast period in the global textile flooring market growth. The regional growth is attributed to fast-paced infrastructural development, growing disposable income, growing urbanization and rising investments in residential buildings.

Figure 1. Global Textile Flooring Market Value Share (%), By Region, 2021

Textile Flooring  | Coherent Market Insights

Market Restraints

Usage of animal fiber-based carpet floorings across specific regions such as Nordic countries and Russia has reduced significantly in the recent past due to the Ethical Treatment of Animals campaign discouraging the usage of fur products to a large extent. Moreover, the high cost of import trade has reduced the trade between various regions such as Europe and the Asia Pacific, which in turn hindering the market growth of the textile flooring over the forecast period.

Moreover, the challenges associated with the waste disposal and recycling of materials various companies are facing lots of issues due to the Waste and Resources Action Programme (WRAP) rules, especially in the U.S., APAC, and Europe. This factor is expected to hamper the market growth of the textile flooring market. Furthermore, the shortage of landfill sites is also impacting waste disposal initiatives which are also expected to hinder the market growth.

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Textile Flooring Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 184.29 Bn
Historical Data for: 2017-2020 Estimated Year: 2022
Forecast Period 2022 to 2030 CAGR: 6.1% Forecast Period: 2022-2030
Geographies covered:
  • Region: North America, Latin America, Europe, Asia Pacific, Middle East & Africa
Segments covered:
  • By Product Type: Rugs, Carpets
  • By Technology: Tufting, Woven, Needlefelt
  • By Material Type: Synthetic Textiles, Animal Textiles, Plant Textiles
  • By Application: Residential, Commercial, Others (Industrial, etc.) 
Companies covered:

Mohawk Industries, Inc., Interface, Inc., Beaulieu International Group N.V, Tarkett SA, Balta Group, Shaw Industries Group Inc., Forbo Holding AG, Mannington Mills, Inc., J+J Flooring Group, and Vorwerk and Co. KG.

Growth Drivers:
  • Growth in the number of consumers looking for high-quality products such as carpets, rugs and others.
Restraints & Challenges:
  • Usage of animal fiber-based carpet floorings
  • Challenges associated with the waste disposal and recycling of materials

Market Trends

Global textile flooring market has witnessed a substantial growth owing to rising growth of population and urbanization across the globe. This in turn, has resulted in rising demand for textile flooring for residential purposes. Textile Flooring is also considered as luxury floor covering and decoration increment in housing as well as commercial places. This scenario is expected to drive growth of the global textile flooring market.

Figure 2. Global Textile Flooring Market Value Share (%), By Technology, 2021

Textile Flooring  | Coherent Market Insights

On the basis of technology, Tuffing segment accounted for largest market share in terms of value. Tuffing technology is preferred as it makes the flooring more absorbent and more prone to deep stains.

Recent Developments

  • In June 2022, Mohawk Industries, Inc., US-based flooring manufacturer acquired Vitromex ceramic tile business from Grupo Industrial Saltillo (GIS) for around US$ 293 million in cash. Vitromex is a manufacture of glazed ceramic and decorative flooring. This acquisition includes four manufacturing facilities located in Mexico of Vitromex. This initiative is expected to enhance the company’s manufacturing efficiencies, customer base, and logistical capabilities.
  • In March 2022, FLOR, the premium brand of interface, launched the first-ever carbon negative area rugs. It is offers durability, attractive design and a negative carbon footprint.

Competitive Section

Major players operating in the global textile flooring market include Mohawk Industries, Inc., Interface, Inc., Beaulieu International Group N.V, Tarkett SA, Balta Group, Shaw Industries Group Inc., Forbo Holding AG, Mannington Mills, Inc., J+J Flooring Group, and Vorwerk and Co. KG.

Textile flooring is a type of flooring system that looks like rugs and carpets and are basically define as broadloom and modular types. Textile flooring is available in the two forms i.e. natural fibers and manmade fibers. Nylon6, Nylon66, terephthalate (Polyester), polyethylene and acrylic belong to the manmade/synthetic fibers category whereas natural fibers are based on animal-based fibers, i.e. fur, wool, and plant-based fibers i.e. Seagrass and Sisal.  

Market Dynamics

Increasing construction of commercial space, public infrastructure spaces, institutional and hospitality sectors around the globe is projected to propel the market growth over the forecast timeframe. Moreover, the growing popularity of ‘artificial grass’ in outdoor lawns and sports fields is also projected to increase the sales of plant fiber-based carpets and rugs in the near future. Furthermore, strong growth in the health care sector providing flooring space for specific applications such as heat resistant, anti-allergenic, and soundproof type of flooring systems is further anticipated to fuel the market growth.

The growing adoption of eco-friendly textile flooring is expected to foster market growth over the forecast period. The rising demand for natural raw materials such as wool, cotton and others is attributing towards market growth due to reduction in harmful effects of chemical or toxics. Thus, the rising awareness regarding the sustainable products is expected to propel the market growth of the textile flooring over the forecast period.

Key features of the study:

  • This report provides an in-depth analysis of global textile flooring market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global textile flooring market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Mohawk Industries, Inc., Interface, Inc., Beaulieu International Group N.V, Tarkett SA, Balta Group, Shaw Industries Group Inc., Forbo Holding AG, Mannington Mills, Inc., J+J Flooring Group, and Vorwerk and Co. KG.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
  • The global textile flooring market report caters to various stakeholders in this industry including investors, suppliers, Textile Flooring manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global textile flooring market

Detailed Segmentation:

  • Global Textile Flooring Market, By Product Type :
    • Rugs
    • Carpets
  • Global Textile Flooring Market, By Technology :
    • Tufting
    • Woven
    • Needlefelt
  • Global Textile Flooring Market, By Material Type:
    • Synthetic Textiles
    • Animal Textiles
    • Plant Textiles
  • Global Textile Flooring Market, By Application:
    • Residential
    • Commercial
    • Others (Industrial, etc.)
  •  Global Textile Flooring Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East & Africa
      • By Region:
        • Middle East
        • Africa
  • Company Profiles
    • Mohawk Industries, Inc.
      • Company Overview
      • Product Portfolio
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Interface, Inc.
    • Beaulieu International Group N.V.
    • Tarkett SA
    • Balta Group
    • Shaw Industries Group Inc.
    • Forbo Holding AG
    • Mannington Mills, Inc.
    • J+J Flooring Group
    • Vorwerk and Co. KG

“*” marked represents similar segmentation in other categories in the respective section

Frequently Asked Questions

Global textile flooring market was valued at around US$ 184.29 Billion in 2021.
Growing number of consumers looking for high-quality products such as carpets, rugs and others is the major factors that are expected to propel growth of market over the forecast period.
Rising growth of population and urbanization would positively encourage the market growth, which is the main trend in the market. 
Usage of animal fiber-based carpet floorings and challenges associated with the waste disposal and recycling of materials are one of the factors restraining the market growth.
Major players operating in the market include Mohawk Industries, Inc., Interface, Inc., Beaulieu International Group N.V, Tarkett SA, Balta Group, Shaw Industries Group Inc., Forbo Holding AG, Mannington Mills, Inc., J+J Flooring Group, and Vorwerk and Co. KG.
The market is estimated to grow at around 6.1% CAGR in the forecast period (2022-2030).

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