GLOBAL SOFT COVERING FLOORING MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Market is Segmented By Product, By Distribution Channel, By End-User, and Geography.

Market Snapshot

Soft Covering Flooring Market Size
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR:

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Market Overview

Soft covering flooring includes broadloom and carpet tile. The key raw materials required for the production of the carpet tiles and broadlooms are synthetic fibers, like polyester, polypropylene, nylon, and triexta. Benefits of soft covering flooring are heat insulation and noise reduction, along with comfort. The soft covering flooring market is expected to grow with a CAGR of 3.2% 2018-2024.

  • Investment in R&D works by major players for product innovation, design, and service is expected to positively impact the growth of the market studied.
  • Technological innovations aimed at providing a variety of dying technologies to create different patterns, solid colors, and design continuity are projected to contribute to product demand.
  • The soft covering flooring market is highly competitive with major manufacturers focusing on innovative styles, product differentiation, designs, and effective services to gain greater market share.
  • Change in prices of raw materials due to varying market conditions has a significant impact on the final price of the products.
  • The shift toward hard floor coverings, such as wood and ceramics, along with high sensitivity to economic fluctuations is likely to hinder the growth prospects of the market.

Scope of the Report

A complete background analysis of the soft covering flooring market, which includes an assessment of the parental market, emerging trends by segments and regional markets, significant changes in market dynamics and market overview, is covered in the report. The report also features the qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry value chain.

By Product
Broadloom
Carpet Tile
By Distribution Channel
Contractors
Specialty Stores
Home Centers
Others
By End-User
Residential Replacement
Commercial
Builder
Geography
North America
United States
Canada
Mexico
Others
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Others
Asia-Pacific
China
Japan
India
Others
Middle East & Africa
United Arab Emirates
Saudi Arabia
South Africa
Others

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Key Market Trends

Residential Application Segment

In 2017, the residential application segment accounted for 54.1% of the market share (in terms of revenue). This was due to its high insulating properties that help to prevent the floor from getting too cold, thereby reducing energy consumption.

The Middle East & Africa is expected to register high growth in the rising product demand in the residential application, on account of rising consumer spending on residential replacement and household interior.

Soft Covering Flooring Market Trends

United States is the Largest Producer of Carpet Tile

 

  • The United States is the largest producer of carpet tile worldwide. In 2015, the top five largest manufacturers were Interface, Shaw, Milliken, Mohawk, and Tandus. These five US-based companies accounted for nearly 48% of global volume. 
  • Following the United States, the main list of producers of carpet tile is China, Japan, the Netherlands, the United Kingdom, Belgium, and Australia.
  • In 2015, China surpassed Japan as the largest producer of carpet tiles in Asia. The United States is the largest producer of carpet tile and a leader in global consumption.
Soft Covering Flooring Market Growth

Competitive Landscape

The report covers major international players operating in the soft covering flooring market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to small companies are increasing their market presence by securing new contracts and by tapping new markets.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Key Deliverables of the Study

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Drivers

      1. 4.2.1 Raising Utilization of Carpet Tiles in Residential and Commercial Applications

      2. 4.2.2 Increasing Commercial Construction Activity

    3. 4.3 Restraints

      1. 4.3.1 Increasing Utilization of Other Products

    4. 4.4 Trends Shaping the Soft Covering Flooring Market

    5. 4.5 Porter's Five Forces Analysis

    6. 4.6 Industry Value Chain Analysis

    7. 4.7 Recent Developments in the Market

    8. 4.8 Technological Innovations

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Broadloom

      2. 5.1.2 Carpet Tile

    2. 5.2 By Distribution Channel

      1. 5.2.1 Contractors

      2. 5.2.2 Specialty Stores

      3. 5.2.3 Home Centers

      4. 5.2.4 Others

    3. 5.3 By End-User

      1. 5.3.1 Residential Replacement

      2. 5.3.2 Commercial

      3. 5.3.3 Builder

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Others

      2. 5.4.2 South America

        1. 5.4.2.1 Brazil

        2. 5.4.2.2 Argentina

        3. 5.4.2.3 Others

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 France

        3. 5.4.3.3 United Kingdom

        4. 5.4.3.4 Others

      4. 5.4.4 Asia-Pacific

        1. 5.4.4.1 China

        2. 5.4.4.2 Japan

        3. 5.4.4.3 India

        4. 5.4.4.4 Others

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 United Arab Emirates

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 South Africa

        4. 5.4.5.4 Others

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Tandus Group, Inc.

      2. 6.1.2 Milliken & Company

      3. 6.1.3 Shaw Industries Group, Inc.

      4. 6.1.4 Interface, Inc.

      5. 6.1.5 Abbey Carpet & Floor Inc

      6. 6.1.6 Beaulieu International Group N.V.

      7. 6.1.7 Bentley Mills, Inc.

      8. 6.1.8 Mannington Mills, Inc.

      9. 6.1.9 Dixie Group, Inc.

      10. 6.1.10 Mohawk Industries, Inc.

      11. 6.1.11 Other Companies (AstroTurf, Venture Carpets, Inc., Tarkett S.A., Foss Floors, Trinseo S.A., Cargill Inc, Royalty Carpet Mills Inc, Balta Industries NV and Engineered Floors LLC)

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Global Soft Covering Flooring Market market is studied from 2016 - 2026.

The Global Soft Covering Flooring Market is valued at 3.2% in 2016.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Abbey Carpet & Floor Inc., Milliken & Company, Shaw Industries Group Inc., Interface Inc., Mohawk Industries Inc. are the major companies operating in Global Soft Covering Flooring Market.

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