COVID-19 Pandemic Impact on Soft Covering Flooring Market 2020 Global Industry Size, Share, Growth, Analysis, Scope And Industry Forecast To 2025

Market Research Future (MRFR) projects that the soft covering flooring market 2020 can achieve significant grounds over the review period, which is between 2019 and 2024. We will provide COVID-19 impact analysis with the report, offering detailed market developments following the coronavirus disease outbreak.

Get a FREE Sample with Complete TOC on Global Market @

https://www.marketresearchfuture.com/sample_request/7670

Top Boosters and Key Barriers

Escalating disposable income of the world population coupled with the surge in construction of commercial and residential infrastructure has helped the soft covering flooring market gain excellent impetus in recent years. Potential house owners are now more than ever interested in spending massively on aesthetically pleasing and affordable décor, while offices are opting for sophisticated materials that can help enhance the overall appeal. This is leading to higher demand for soft covering flooring as they lend a classy touch to the infrastructure, apart from the fact that these also facilitate noise reduction and heat insulation.

Furthermore, the rapid introduction of premium products worldwide has also been favorable, in terms of demand and sales of soft covering flooring. Carpet tiles are currently the most preferred soft covering flooring types and are therefore observing escalated sales in the global market. The growing emphasis on extensive research and development by leading innovators to develop advanced products and the advancing manufacturing technologies can also be favorable for the market in the oncoming years.

Sensing the huge opportunity, many of the renowned vendors are integrating eco-friendly materials in their floor-covering, as this trend is picking up pace in the wake of rising environmental concerns. The exhilarating pace at which the hospitality and tourism industries are growing, plus the thriving construction industry across emerging countries India, South Korea and China, the soft covering flooring market is bound to note even better growth in the near future. Stringent regulations pertaining to the carbon emissions as well as the right way of disposing the waste materials has boosted the recycling of carpets, which can be a major growth opportunity for the market.

Market Segmentation

The soft covering flooring industry has been segmented with respect to product and application.

The product-wise key segments mentioned in the report are carpet tiles as well as broadloom. Between these, the demand for broadloom is the highest, and therefore can be the leading segment during the assessment period. The key factors promoting its growth can be the soaring demand across educational & institutions, hospitality spaces, airports and healthcare facilities. But it is expected that the carpet tiles segment can procure the fastest expansion rate in the coming years.

The primary applications discussed in the study are commercial and residential. Out of these, the largest application in 2018 was the residential segment and it is anticipated to remain at the top spot throughout the review period. The accelerated demand for replacement and refurbishing activities worldwide in the residential sector is the key reason cited for the segment’s prominence in the market.

Regional Study

The soft covering flooring market has been geographically distributed into North America, Asia Pacific/APAC, Europe, and the Rest of the world/RoW.

In 2018, with the biggest share of close to 34%, North America became the global leader, with Europe and Asia Pacific close behind. MRFR experts project that North America can remain the highest gainer till 2024, thanks to the accelerating number of retail and commercial outlets in light of the high urbanization rate and the soaring demand for advanced construction materials. The soft covering flooring market in the region is lucrative also due to the escalating demand for green buildings, especially in the U.S, Mexico and Canada.

It is noteworthy that APAC can emerge as the fastest advancing market for soft covering flooring, as a result of the flourishing construction sector in emerging countries like South Korea, India and China. The rapid surge in the disposable incomes and the consequent increase in the number of home owners in urban locations have also added to the market growth speed in the region.

Top Vendors

The top vendors outlined in the soft covering flooring industry include Mohawk Industries (US), Trinseo S.A. (US), Interface, Inc. (US), Bentley Mills, Inc. (US), The Dixie Group, Inc. (US), Abbey Carpet & Floor (US), Mannington Mills Inc. (US), Engineered Floors LLC (US), Milliken & Company (US), Cargill Incorporated (US), Beaulieu International Group (Belgium), to name a few.

Obtain Premium Research Report Details @

https://www.marketresearchfuture.com/reports/soft-covering-flooring-market-7670

List Of Tables

Table 1 Global Soft Covering Flooring Market, By Region, 2019–2024

Table 2 North America: Soft Covering Flooring Market, By Country, 2019–2024

Table 3 Europe: Soft Covering Flooring Market, By Country, 2019–2024

Table 4 Asia-Pacific: Soft Covering Flooring Market, By Country, 2019–2024

Table 5 RoW: Soft Covering Flooring Market, By Country, 2019–2024

Table 6 Global Soft Covering Flooring Market, By Product, By Region, 2019–2024

Table 7 North America: Soft Covering Flooring Market, By Product, By Country, 2019–2024

Table 8 Europe: Soft Covering Flooring Market, By Product, By Country, 2019–2024

Table 9 Asia-Pacific: Soft Covering Flooring Market By Product, By Country, 2019–2024

--------------

List Of Figures

FIGURE 1 Research Process Of MRFR

FIGURE 2 Top-Down And Bottom-Up Approach

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter’s Five Forces Analysis

FIGURE 7 Value Chain Analysis

FIGURE 8 Global Soft Covering Flooring Market Share, By Product, 2017 (%)

FIGURE 9 Global Soft Covering Flooring Market, By Product, 2019–2024 (USD MILLION)

--------------

Read More:

Read More:

Global Polycarbonate Panels Market Research Report by Type (Solid Panels, Multiwall Panels and Corrugated Panels), Application (Building and Construction, Electrical and Electronics, Automotive and Others), Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2024

https://www.marketresearchfuture.com/reports/polycarbonate-panels-market-7851

Global Roofing Tiles Market Research Report: Information by Type (Clay, Concrete, Metal and others), Application (Residential, Commercial, Infrastructural, Industrial) and Region (North America, Europe, Asia-Pacific, South America and Middle East & Africa) - Forecast till 2025

https://www.marketresearchfuture.com/reports/roofing-tiles-market-8534

Global Eco-friendly Tiles Market Information Report, By Type (Porcelain, Ceramic, Terrazzo, and Others), By Product (Floor Tiles, Wall Tiles and others) and By End-user (Residential and Non-residential) and By Region - Forecast to 2023

https://www.marketresearchfuture.com/reports/eco-friendly-tiles-market-5353

Office No. 528, Amanora Chambers
Pune - 411028
Maharashtra, India

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

This release was published on openPR.