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
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.
| 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: |
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| Segments covered: |
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| 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. |
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| Restraints & Challenges: |
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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
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
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:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section
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