Market Research Future published a research report on “Global Soft Covering Flooring Market Research Report – Forecast till 2025” – Market Analysis, Scope, Stake, Progress, Trends and Forecast Report to 2025.
Market Scope
In the revised “Soft Covering Flooring Market” report, published by Market Research Future (MRFR), growth scope of the market is discussed. As per MRFR analysis, the soft covering flooring global market is anticipated to surge at 3.0% CAGR through 2019 to 2024.
The rise in desirability for home décor among people can underpin the expansion of the soft covering flooring market. Lately, soft coverinig flooring solutions are experiencing high sale. It is due to benefits, such as better comfort and impressive aesthetic appeal offered by soft covering flooring that its market can register a lucrative CAGR. Soft coverings for floor have the ability to curb indoor noise intensity. In addition, they can provide heat insulation with higher efficacy. These factor are expected to push the market growth. The large-scale availability of stock for the fabrication of soft coverings for floor can boost their market growth. On the contrary, limitations, such as raw materials price fluctuations and economic disruptions can deter market expansion. Moreover, the availability of soft floor coverings alternative can relax the market in the years to come.
Key Players
MFRF profiled reputed players of the soft covering flooring global market. They are; Beaulieu International Group (Belgium), Interface, Inc. (US), Bentley Mills, Inc. (US), Abbey Carpet & Floor (US), Engineered Floors LLC (US), Cargill Incorporated (US), Milliken & Company (US), The Dixie Group, Inc. (US), Trinseo S.A. (US), Mannington Mills, Inc. (US), and Mohawk Industries (US).
Segments:
The soft covering flooring market study is based on application and product.
The product-based segments of the soft covering flooring market are carpet tiles and broadloom. The increase in broadloom applications can make significant contribution to the market expansion. The rise in demand for broadloom across educational and institutions, luxury hotel, healthcare space, and airports among others can prompt the soft floor covering market growth. The rise in popularity of broadloom amomg domestic consumers can provide an impetus to the market. The presence of broadloom manufacturers across differnet regions and the rise in cognizance about benefits of soft covering flooring can favor the market. The carpet tiles segment of the market can thrive at a decent growth rate.
The application-based segments of the soft covering flooring market are commercial and residential. The rise in residential application of soft covering floor, followed by commercial applications, can drive the market growth. The market can capitalize on the surge in demand for aids to refurbish home space. By 2024, the commercial segment of the market can accounted for the largets share of the global market.
Market Research Analysis:
North America soft covering flooring market expansion can be attributed the rise in investments made for developing sustainable green buildings for commercial and real estate purpose. The United States is observed as the lead producer of soft covering floorings. The growing demad for soft covering is expected to register high traction for the market.
Asia Pacific soft covering market value is expected to rise in years to come. The regional soft covering floor market can register considerable growth rate across the review period. The expansion of urban populace, hike in annual income, increased adoption of modern technologies across the construction sector, and inclination towards astheticallty appealing home décor to emjoy a feel-good stay are drivers that can spur the APAC soft covering flooring market growth. Regions of APAC house reputed provider of raw materials that are used for the production of soft covering floorings. This can bring in considerable regional market value gain.
Table of Content:
Chapter 1: Soft Covering Flooring Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Soft Covering Flooring Market Competition by Manufacturers
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Soft Covering Flooring Market Effect Factors Analysis
Chapter 12: Global Soft Covering Flooring Market Forecast
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