Market Revenue Soft Covering Flooring Industry Penetration

Soft Covering Flooring Industry Penetration And Growth Prospect
Mapping By Types Till 2020
“Soft Covering Flooring Market size was valued at USD 110.09 billion in 2013
and is anticipated to exceed USD 152.5 billion by 2020, with a CAGR of about
5.2%. Better choices available for residential floor replacements and
increasing home improvement needs.”
Industry Insights
The global soft covering flooring market size was valued at USD 110.09 billion in 2013 and is anticipated to
exceed USD 152.5 billion by 2020, with a CAGR of about 5.2%. Better choices available for residential floor
replacements and increasing home improvement needs are anticipated to fuel market growth over the forecast
period. Soft covering floors provide distinctive benefits such as noise-reduction, dust-binding characteristics,
comfort and insulation together with attractive aesthetics. Besides, enhancing the visual appeal in offices and
at homes and covering floors, carpets tiles and rugs offer a protecting layer to floors. In cold countries, these
products are used widely to prevent the floor from getting too cold.
U.S and other developed countries witness a huge demand for rugs and carpets. However, with rising number
of consumers willing to spend on floor coverings to improve the aesthetic appeal at home and in offices, the
demand for rugs and carpet tiles is anticipated to diminish Soft covering floors consist of rugs & carpets and
broadloom which provide good insulation and have an appeal of a luxurious exterior. Nevertheless, resilient
floors including vinyl tiles are gaining momentum in present times in residential as well as commercial
applications. This may impede market growth and deter market demand. Growth opportunities for new
entrants in the soft covering flooring market majorly can be anticipated in the manufacturing technology and
research & development domains.
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