Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Textile Floorings Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Textile Floorings Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Textile
Floorings Market over the short as well
as long period of time. A detailed presentation of forecast, trends, and dollar
values of global Textile Floorings Market is offered. In accordance with the report, the global
Textile Floorings Market is projected to
expand by healthy CAGR over the period
of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Flooring systems mainly comprise hard and soft floorings. Materials
such as wood laminate, rubber, vinyl and ceramics constitute the former
category; while soft flooring consists of textile materials i.e. natural as
well as manmade fibres. Flooring systems is one of the key components of
interior refurbishment systems used in residential and commercial spaces. It is
also finding application in other areas such as outdoor lawns, sports fields
and turfs, marine vessels, industrial premises and car interiors. Tufted
carpets/rugs can further be classified on the basis of manufacturing type into
hand-woven and machine woven.
Soft flooring gets its nomenclature from the nature of material used
i.e. textile fibres. It accounts for over 50% of total flooring systems and is
conventional medium of flooring. It is manufactured in the form of carpets and
rugs, and are defined as broadloom and modular types. Broadloom type is a
single rolling sheet type of flooring, while modular type is a tiled type of
flooring. The constituent material mainly consists of two types namely natural
fibres and manmade/synthetic fibres. Nylon6, Nylon66, Polyethylene
Terephthalate (Polyester) and Acrylic belong to the manmade/synthetic fibres,
while natural fibres contain animal-based fibres, i.e. wool, fur and
plant-based fibres i.e. Sisal and Seagrass.
Textile floorings are used for aesthetic purposes and also for
noise- and echo-proofing in residential and commercial spaces such as
residences, office buildings, hotels and restaurants, theatres and auditoriums,
public places such as railway stations and airports .
Locations such as hospitals and health centres use hypo allergenic
carpet floorings. On the other hand, cars, marine vessels and industrial
premises employ flooring types that have a high degree of durability, e.g.
waterproof and dustproof. Plant-based fibre flooring is used in sports fields
and as turf.
q The global floor covering market is
expected to benefit from a large population of consumers seeking high-quality
products. In addition, rising consumer confidence, increasing disposable
income, growing demand for luxury flooring options due to the booming
residential and commercial sector are major factors contributing to growth of
the market.
q Over the past five years,
consumption of textile and furnishings for homes has witnessed consistent
growth, driven by factors such as rising consumer spending on home renovation,
accelerating investments on infrastructure, rising demand from Asian countries
such as India, China, South Korea and Indonesia.
q Growth in North American markets ,
particularly in U.S., where the residential sector is currently in recovery
mode, thereby, generating demand for textile floorings, which is expected to
result in substantial increase in
production rates of floorings in the near future
Product supply and its usage is affected due to waste generation and
low conversion rate into recycled carpets posing challenges for companies in
terms of waste disposal, logistics and recycling costs as per the mandatory Waste and Resources Action
Programme (WRAP) between governments and manufacturing companies in certain
countries, particularly the U.S., APAC and Europe.
Segment Covered:
This market intelligence
report on the global Textile Floorings Market encompasses market segments based on application,
material, product, technology and country.
By Application the global Textile Floorings
Market has been divided into:
·
Residential
·
Commercial
·
Others
By
Product the global Textile Floorings Market has been divided into:
·
Rugs
·
Carpets
By
Technology the global Textile Floorings Market has been divided into:
·
Tufting
·
Woven
·
Needlefelt
By
Material the global Textile Floorings Market has been divided into:
·
Synthetic
Textiles
·
Animal Textiles
·
Plant Textiles
By country/region, the global Textile
Floorings Market has been divided into:
·
North America
(the U.S., Canada),
·
Latin America
(Brazil, Mexico, Argentina and other countries),
·
Europe (Germany,
France, the U.K., Spain, Italy, Russia, and other countries),
·
Asia Pacific
(India, Japan, China, Australia and New Zealand and other countries),
·
Middle East and
Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
·
Mohawk
Industries, Inc.
·
Interface, Inc.
·
Beaulieu
International Group N.V
·
Tarkett SA
·
Balta Group
·
Shaw Industries
Group Inc.
·
Forbo Holding AG
·
Mannington
Mills, Inc.
·
J+J Flooring
Group
·
Vorwerk and Co.
KG
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Textile Floorings Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Textile
Floorings Market, size of the
market (US$ Mn ), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Textile Floorings Market is done by taking into account various parameters such as
company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Textile Floorings caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Textile
Floorings Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Textile Floorings Market
v
Identification
of key factors driving investment opportunities in the Textile
Floorings Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants