Floor Covering Market

Floor Covering Market Size, Share, Growth Analysis, By Product(Carpet and Area Rugs, Wood Flooring, Others), By Distribution Channel(Online, Offline), By Region(North America, Europe, Asia Pacific, Latin America) - Industry Forecast 2024-2031


Report ID: UCMIG25F2032 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Floor Covering Market Insights

Market Overview:

The floor covering industry witnessed significant growth in recent years, with the global market size reaching USD 364.6 billion in 2021. Projections suggest that this expansion will continue, as the market is anticipated to grow at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2028. These optimistic figures reflect the increasing demand for floor coverings worldwide and highlight the potential for further development and innovation within the industry.

Floor Covering Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
ForecastGrowthRate
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Home Furnishings by segment aggregation, the contribution of the Home Furnishings in Consumer Durables & Apparel and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Floor Covering was estimated to be valued at US$ XX Mn in 2021.

The Floor Covering Market is estimated to grow at a CAGR of XX% by 2028.

The Floor Covering Market is segmented on the basis of Product, Distribution Channel, Region.

Based on region, the Floor Covering Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Floor Covering Market are , Shaw Industries Group Inc. , Mohawk Industries Inc. , Armstrong Flooring , Gerflor Group , Forbo Holding , Mannington Mills Inc. , TOLI Corporation , Tarkett Group , Dixie Group Inc. , Milliken & Company .

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Floor Covering Market

Report ID: UCMIG25F2032

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