How Increasing Investment in the Construction Sector is Spurring Growth of Flooring and Carpet Market: Future Market Insights Report Analyzes
Market players are focusing on tying up with online retailers to attain a competitive edge.
DUBAI, UAE / ACCESSWIRE / February 3, 2021 / Future Market Insights: FMI states in its recent study on the flooring and carpets that the market will record a CAGR of 5.1% between 2021 and 2031. Demand for flooring and carpet is anticipated to continue surging due to the increased rate in the renovation of various government buildings.
“Companies are promoting their products through marketing campaigns by participating in regional, national, and international trade shows which would help the players to extend their reach in the global markets.” says the FMI analyst.
Request a report sample to gain comprehensive market insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-369
Flooring and carpet Market – Important Highlights
- The carpet tile segment is anticipated to lead the market during the forecast period with a CAGR of 7%, due to developments in the construction sector.
- According to material type, nylon is anticipated to hold the major market share during the forecast years.
- Amongst application type segments, the residential segment is expected to be lucrative during the period 2021-2031
- The US is projected to be a major market holder during the forecasted years.
Flooring and carpet Market – Drivers
- The rapid rise in urbanization resulting in the growth of the construction sector which is driving the market of flooring and carpet.
- Increasing government investments in renovations of airports, government buildings as well as hospitals expected to boost the market growth
- Consumer demand for new and innovative printing is anticipated to drive the market of customized flooring products.
- High demand from hospitality and tourism is contributing to the growth of the market.
Flooring and carpet Market – Restraints
- The market is easily affected by changes in common conditions, such as interest rate levels, availability of credit, and consumer confidence,
- which remains to be one of the key restraints.
- Rising health concerns among people because Carpet tends to release contaminants in a home environment is creating major barriers in its growth
For information on the Research Approach used in the Report, Request Methodology@ https://www.futuremarketinsights.com/askus/rep-gb-369
COVID-19 Impact on Flooring and carpet Market
The flooring and carpet market growth is anticipated to be hampered owing to the unprecedented COVID-19 pandemic. The market is sensitive to fluctuations like interest rate levels, demand for housing, customer confidence. Due to the prolonged decline in the economic conditions of several nations, the consumers are hesitant towards purchasing and renovating their homes. however, the market is expected to set on a path of regaining as economies steadily stabilize.
Competitive Landscape
The flooring and carpet market players are leaning towards the expansion of the production facilities besides opting for strategic collaborations to attain a competitive edge. On top of that, businesses are promoting their products through marketing campaigns by participating in regional, national, and international trade shows which would assist the players with broadening their range in the worldwide business sectors.
Some of the leading companies profiled by FMI include Mohawk Industries Inc., Interface Inc., Beaulieu International Group N.V., Tarkett S.A., Balta Group, Shaw Industries Group.
Buy Now@ https://www.futuremarketinsights.com/checkout/369
About the Study
The study offers readers a comprehensive assessment of the flooring and carpet market. Global, regional, and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights based on product type (Polypropylene, Nylon, Polyester), application(Commercial Offices, Retail, Hospitality, Healthcare and Hospitals, Educational Institute) and across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
Explore FMI’s Coverage of the consumer products Industry
Sports and Athletic Insole Market: Get insights on the outbound sports and athletic market through FMI’s report covering detailed quantitative and qualitative analysis for projection period 2020-2030.
Disinfection Equipment Market: FMI’s exhaustive study on the Disinfection Equipment Market covers the latest trends, innovations, key players, and popular strategies for the period 2020-2030.
Desert Air Cooler Market : Obtain detailed analysis on the desert air coolers market through FMI’s report covering competitive analysis, key regions, and segmental analysis for 2020-2030.
About Future Market Insights
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/flooring-carpets-market
Press Release Source: https://www.futuremarketinsights.com/press-release/flooring-carpets-market
SOURCE: Future Market Insights
View source version on accesswire.com:
https://www.accesswire.com/627572/How-Increasing-Investment-in-the-Construction-Sector-is-Spurring-Growth-of-Flooring-and-Carpet-Market-Future-Market-Insights-Report-Analyzes