Global Soft Flooring Market 2021 Forecast Analysis by 2029: The Dixie Group, Inc., Mannington Mills, Inc., Mohawk Industries

Soft Flooring Market

The process of carpet flooring gives a soft covering to the floor, while also exhibiting dust binding properties. Some of the other benefits of flooring include noise reduction, heat insulation, along with an increase in the level of comfort. One of the primary USPs of soft flooring is to upgrade the interior and improve the office or home décor. In addition, a rise in demand for carpet floors on account of surging income levels among the global middle class and the availability of a range of textures, patterns, and colors, drives the market growth. These floorings are used to provide dimensional stability and flexibility to the living, as well as working space.

The e-commerce sector has been pulling crowds off the malls and retail stores. The owners of these malls are now investing in products that will enhance the customer shopping experience while also managing to bring higher customer footfall. Polyester, nylon, triexta, and other such synthetic fibers are used as the primary raw materials for producing broadlooms and carpet tiles. The abundance in the availability of these raw materials is expected to further boost the market growth. However, unforeseen issues related to the supply chain, fuel costs, and volatile currency costs are likely to have a considerable impact on the final price of the product.
The carpet’s performance primarily depends on the process of manufacturing the yarn along with the carpet’s density. This is one of the reasons why key players are using automated mechanisms for tufting and yarn production.Apart from this, strict regulations in terms of the reduction of carbon emissions and waste disposal will have a noteworthy impact on broadloom and carpet tile manufacturing. These factors are likely to have an impact on the overall supply chain and the manufacturing of the carpets, further driving the market growth.

Over the last several years, many emerging economies have been turning up as some of the most attractive consumer economies on account of the availability of jobs and higher spending power. Inexpensive labor, lower rent and land costs, and access and abundance of natural resources have also made these emerging economies a home to some of the largest manufacturing and operational facilities. Several economies have opened themselves to foreign investors to boost their economic growth and aid in job creation. These factors have also led to rapid urbanization, which has fuelled labor migration towards cities. Financial independence, availability of several options for buying homes, and easy credit is surging the demand for soft flooring. The urban middle class wants to have a home that feels stylish and comfortable, which is going to be one of the primary factors driving the market growth. In addition to this, the introduction of a premium range of products accelerates the market growth.

The residential segment dominates the market, on account of the rise in income levels and the growth in independent living in small and medium-sized housing apartments. The residential segment is anticipated to hold over half of the market share during the forecast period. Population growth, along with an increase in the number of nuclear families, is anticipated to fuel the growth of this market. In addition to this, individuals in various economies have a tendency to renovate their living and working spaces instead of buying new ones, which will prove to be a tailwind for the growth of this market.
The commercial segment, on the other hand, is anticipated to have a relatively higher growth rate, owing to the rising number of commercial projects, such as airports, offices, hospitality services, retail facilities, healthcare projects, and education buildings. There has been a steady rise in demand for innovative designs and styles for soft flooring from various high-end residential and commercial applications, which is anticipated to fuel the growth of this industry. In addition to this, an increase in travel and tourism is projected to prove a catalyst in terms of the demand for soft flooring.

North America dominates the soft flooring market due to the presence of economies, such as the U.S. and Mexico. The regional market is anticipated to witness a high growth rate, owing to the manufacturing of sustainable and eco-friendly carpets. In addition to this, the increase in the growth and spread of the retail sector and rapid urbanization in Mexico is expected to fuel the growth of the soft flooring market in this region.

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The Major Prominent Players Covered in this Report:
The Dixie Group, Inc.
Mannington Mills, Inc.
Mohawk Industries
Interface, Inc.
Trinseo S.A.
Engineered Floors LLC
Cargill, Incorporated
Bentley Mills, Inc.
Beaulieu International Group
Abbey Carpet and Floor
Tuftex
Shaw Industries Group, Inc.

By Product, Carpet Tiles, Broadloom, Area Rugs,
By Material, Linoleum, Rubber, Vinyl,
By Application, Commercial, Residential

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2021 to 2029, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key Soft Flooring Market Trends:
- The report identifies, determines, and forecasts the Global Soft Flooring Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Soft Flooring Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Soft Flooring Market.

Key Questions Answered in The Report:
What will the Soft Flooring market growth rate?
What are the key factors driving the global Soft Flooring market?
Who are the key manufacturers in the Soft Flooring market space?
What are the market opportunities, market risk, and market overview of the Soft Flooring market?
What are sales, revenue, and price analysis of top manufacturers of the Soft Flooring market?
Who are the distributors, traders, and dealers of the Soft Flooring market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Soft Flooring Industry?
What are sales, revenue, and price analysis by regions of Soft Flooring industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

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