Market Overview:
The global floor coverings market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for floor coverings in commercial and household applications. PVC is the most commonly used type of floor covering, followed by knit and pearl cotton. Asia Pacific is expected to be the fastest-growing region during the forecast period, owing to rising disposable income and growing construction industry in countries such as China and India.
Product Definition:
A floor covering is a type of material that is used to cover the floor. Floor coverings can be made from a variety of materials, including wood, tile, vinyl, and carpet. Floor coverings are important because they protect the floor from damage and help to keep it clean.
PVC:
Polyvinyl Chloride or PVC is a synthetic flexible plastic with excellent chemical and mechanical properties. It can be easily processed, molded, extruded and recycled. The major applications include pipes & fittings, cable covers & tubing, flooring & wall coverings; window frames; shower curtains; storage containers; raincoats; shoe trees (injection molding); housewares (pots & pans); toys & games (board games); clothing accessories and others.
Knit:
Knit is a type of carpet that has parallel lines of stitches running through it. It is made up of synthetic fibers and can be used in residential as well as commercial applications. The market for knit flooring was estimated to be worth USD 3,500 million in 2015 and is expected to grow at a CAGR (Compound Annual Growth Rate) of 5.9% from 2016 to 2024.
Application Insights:
The commercial application segment accounted for the largest share of more than 60.0% in 2017. The demand from the commercial sector is expected to witness growth on account of rising construction spending by businesses to enhance their facilities and create a congenial working environment. Increasing number of hotels, restaurants and shopping malls are also likely to contribute positively towards market growth over the forecast period.
Household application was estimated as highest revenue generating segment in 2017 owing to increasing consumer disposable income coupled with growing population is anticipated to drive product demand over the forecast period. Rising purchasing power along with changing lifestyle has created favorable conditions for introducing new flooring materials in homes that offer enhanced aesthetics and comfort at an affordable cost, thereby contributing towards overall market growth over the coming years.
Rising awareness regarding health & hygiene among consumers is expected drive consumer preference for natural fiber products such as cotton that are free from harmful chemicals.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing flooring installations, growing consumer disposable income levels, and improving construction industry conditions. China accounts for a major share in terms of production as well as consumption owing to its large manufacturing sector.
North America accounted for a significant share in terms of consumption due to increased spending on home renovations by consumers seeking modern designs and high-end products with superior quality at affordable prices. Moreover, rising demand for luxury homes along with an increase in housing units is likely to boost product demand over the coming years.
The European market was valued at USD X billion in 2017 and is projected to expand at a CAGR of XX% from 2018 till 2030 owing herringbone pattern being one of the most popular designs across Europe which has been adopted by manufacturers both locally made as well those imported from other countries worldwide including India, Pakistan, Turkey etc.
Growth Factors:
- Increasing demand from the construction sector: The global floor coverings market is expected to benefit from the increasing demand for flooring products from the construction sector. This is owing to the growing trend of using flooring products in both residential and commercial buildings.
- Rising disposable income levels: Floor coverings are considered as a luxury item in many parts of the world, and their demand increases with rising disposable income levels. Thus, rising disposable incomes are likely to fuel growth in this market over the next few years.
- Growing popularity of designer floor coverings: There has been a significant increase in the popularity of designer floor coverings in recent years, as consumers are increasingly looking for unique and stylish options for their homes or offices. This is likely to drive growth in this market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Floor Coverings Market Research Report
By Type
PVC, Knit, Pearl cotton, other
By Application
Household, Commercial
By Companies
IKEA, Walmart, Bed Bath & Beyond, Macy’s, Ahold, Aldi, Ashley Furniture, Carrefour, Continental China, Crate & Barrel, Fred Meyer, Furniture Brands International, Future Group, Haworth, Herman Miller, Inditex, Kimball International
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Floor Coverings Market Report Segments:
The global Floor Coverings market is segmented on the basis of:
Types
PVC, Knit, Pearl cotton, other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IKEA
- Walmart
- Bed Bath & Beyond
- Macy’s
- Ahold
- Aldi
- Ashley Furniture
- Carrefour
- Continental China
- Crate & Barrel
- Fred Meyer
- Furniture Brands International
- Future Group
- Haworth
- Herman Miller
- Inditex
- Kimball International
Highlights of The Floor Coverings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PVC
- Knit
- Pearl cotton
- other
- By Application:
- Household
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Floor Coverings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Floor coverings are materials that are placed on the floor of a room or building to protect it from dirt, dust, and other debris. They can also add an aesthetic appeal to a room.
Some of the key players operating in the floor coverings market are IKEA, Walmart, Bed Bath & Beyond, Macy’s, Ahold, Aldi, Ashley Furniture, Carrefour, Continental China, Crate & Barrel, Fred Meyer, Furniture Brands International, Future Group, Haworth, Herman Miller, Inditex, Kimball International.
The floor coverings market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Floor Coverings Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Floor Coverings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Floor Coverings Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Floor Coverings Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Floor Coverings Market Size & Forecast, 2020-2028
4.5.1 Floor Coverings Market Size and Y-o-Y Growth
4.5.2 Floor Coverings Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 PVC
5.2.2 Knit
5.2.3 Pearl cotton
5.2.4 other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Floor Coverings Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Floor Coverings Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 PVC
9.6.2 Knit
9.6.3 Pearl cotton
9.6.4 other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 PVC
10.6.2 Knit
10.6.3 Pearl cotton
10.6.4 other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 PVC
11.6.2 Knit
11.6.3 Pearl cotton
11.6.4 other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 PVC
12.6.2 Knit
12.6.3 Pearl cotton
12.6.4 other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 PVC
13.6.2 Knit
13.6.3 Pearl cotton
13.6.4 other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Floor Coverings Market: Competitive Dashboard
14.2 Global Floor Coverings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IKEA
14.3.2 Walmart
14.3.3 Bed Bath & Beyond
14.3.4 Macy’s
14.3.5 Ahold
14.3.6 Aldi
14.3.7 Ashley Furniture
14.3.8 Carrefour
14.3.9 Continental China
14.3.10 Crate & Barrel
14.3.11 Fred Meyer
14.3.12 Furniture Brands International
14.3.13 Future Group
14.3.14 Haworth
14.3.15 Herman Miller
14.3.16 Inditex
14.3.17 Kimball International
