The global Soft Covering Flooring market is forecast to reach USD 112.28 Billion by 2027, according to a new report by Reports and Data. Increase in people's incomes globally, along with the growing construction of residential and commercial structures, have given a boost to the demand for the market. Aspiring homeowners not only buy new ones but also spend on their furniture in a liberal way. Developing the nation's government has promoted and invested in infrastructural development and creative I.T construction, SEZs, parks, and more. This has culminated in the commercial segment being upgraded to 3.2% CAGR per and increasing further with an emphasis on urbanization and industrialization.
The carpet tiles segment due to various advantages is expected to increase in the following years. Carpet tiles with a variety of prints and designs are available in a wide selection. Such tiles can be used as wall tiles, floor coverings, and for longer life; they often need limited maintenance.
The rising need for eco-friendly products is intended to generate new opportunities for industry growth because of increasing health and environmental issues about many flooring solutions. Technological developments such as the growing use of VR technology to create finished goods are expected to see strong growth over the projected timeframe.
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The report presents a panoramic view of the competitive landscape of the Soft Covering Flooring market, covering details about the key manufacturers and companies, price analysis, revenue estimation, gross profit margins, business expansion plans, and other vital details that offers the readers deep insights into each company operating in the industry. The report also focuses on strategic alliances in the Soft Covering Flooring market, such as mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, licensing agreements, partnerships, corporate and government deals, and others.
Top Players Analyzed in the Report are:
Mannington Mills, Inc., Venture Carpets Inc., Mohawk Industries, Inc., Abbey Carpet & Floor, Beaulieu International Group, AFI Licencing, Interface Inc., Tarkett, Congoleum, and Shaw Industries, Inc.
Product Outlook (Revenue, USD Billion; 2017-2027)
Carpet Tiles and Broadlooms
Application Outlook (Revenue, USD Billion; 2017-2027)
Residential and Commercial
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Retail Distribution Channel and Wholesale & Distribution Business Trend
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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For a comprehensive value chain analysis, the report covers the downstream and upstream essentials of the Soft Covering Flooring market. It also pays special focus on the growth process, macro- and micro-economic factors, raw material sources analysis, and other technical data. The report further segments the market on the basis of types, applications, and regions and offers insights into the segments that have the highest penetration and profit margin, along with recent developments based on geographies.
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