A new market research report by Future Market Insights on the textile flooring market includes global industry analysis for 2018–2021 and opportunity assessment for 2022–2029. The report inspects the textile flooring market and provides insightful information for the forecast period of 2022-2029.
As per the conclusion of the report, the global textile flooring market is projected to experience significant growth during the forecast period. Rising consumer confidence, increasing disposable incomes, and intensifying demand for luxury flooring options due to booming residential and commercial sectors are the factors expected to contribute towards the textile flooring market growth in the upcoming years.
The global textile flooring market is estimated to be valued at US$ 190.26 Bn in 2022, and is projected to register robust growth of 6.8% during the period 2022 – 2029. This growth is predominantly driven by the textile industry growth.
Over the past few years, consumption of textiles and furnishings for homes has witnessed consistent growth, driven by factors such as rising consumer spending on home renovation, accelerating investments in infrastructural development, and rising demand from Asian countries such as India, China, South Korea, and Indonesia.
The study finds that the rapid development in the residential sector across the globe are expected to surge demand for textile flooring for numerous applications in these sectors. Briefly, the global textile flooring market will continue to grow at a CAGR of 6.8% during 2022-2029.
Textile Flooring Market By Category
By Material Type :
- Synthetic Textiles
- Animal Textiles
- Plant Textiles
By Product Type :
- Rugs
- Carpets
By Technology :
- Tufting
- Woven
- Needlefelt
By Application :
- Residential
- Commercial
- Others (Industrial, etc.)
Textile Flooring Market: Vendor Insights
The report highlights some of the key market leaders, who are well-established market players and have proven themselves as the prominent shareholders in the global textile flooring market.
Some examples of key players operating in the global textile flooring market are Mohawk Industries, Inc., Interface, Inc., Beaulieu International Group N.V, Tarkett SA, Balts Group, Shaw Industries Group Inc., Forbo Holding AG, Mannington Mills, Inc., J+J Flooring Group, and Vorwerk and Co. KG, among others.
Get More Information@ https://www.futuremarketinsights.com/reports/textile-floorings-market
