The latest market report published by Constancy Researchers “Global Tufting Textile Flooring Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Tufting Textile Flooring Market: Overview
The global tufting textile flooring market was valued at US$ XX Billion in 2020 and is estimated to grow at a CAGR of XX% during the forecast period. The global tufting textile flooring market is anticipated to witness substantial growth in the years to come due to the growing demand for tufting textile flooring from the construction industry across the globe and growing public infrastructural spaces. The rapid urbanization and growing population worldwide coupled with rapid industrialization in the emerging economies including India, China, Brazil, and others. Moreover, the emergence of new technologies coupled with increased remodeling activities in the developed countries are some of the key opportunities for the global tufting textile flooring market over the upcoming years. Besides, the volatile raw material cost is one of key factors estimated to hamper the global tufting textile flooring market growth in the years to come.
Global Tufting Textile Flooring Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global tufting textile flooring market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global tufting textile flooring market, the demand for tufting textile flooring has decreased due to haltin the manufacturing industry worldwide along with the decreased construction activities during the COVID-19 period.
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Global Tufting Textile Flooring Market: Report Highlights
- Based on the product type, the carpet category had major share in 2020 in the global tufting textile flooring market and is estimated to continue its dominant position during the forecast period. This is ascribed to the increased demand for carpets in the residential as well as commercial spaces worldwide.
- Based on the regional analysis, Asia Pacific dominated the market in 2020 and is projected to grow at the highest rate during the forecast period. This is majorly due to the increased infrastructure development and industrialization in the region. Moreover, the increased manufacturing activities along with the growing demand for tufting textile flooring from the emerging economies are further estimated to enhance the regional growth over the upcoming years.
- Mergers & acquisitions, new product launches, strategic partnerships, and collaborations among key players are estimated to be the key strategies in the global tufting textile flooring market.
- As per the research by Constancy Researchers Private Limited, the global tufting textile flooring market is highly fragmented in nature owing to the presence of a large number of players at the global, regional, and country-level.
List of Key Players of Global Tufting Textile Flooring Market
- Mohawk Industries Inc.
- Interface Inc.
- Beaulieu International Group N.V
- Tarkett SA
- Balta Group
- Shaw Industries Group Inc.
- Forbo Holding AG
- Mannington Mills Inc.
- J+J Flooring Group
- Vorwerk and Co. KG
- Others
Global Tufting Textile Flooring Market: Segmentation
Constancy Researchers Private Limited has segmented the global tufting textile flooring market on the basis of material type,product type,application, and regional analysis-
Global Tufting Textile Flooring Market: By Material Type
- Synthetic Textiles
- Polypropylene
- PET
- Acrylic
- Nylon
- Animal Textiles
- Wool
- Fur
- Plant Textiles
- Grass
- Sisal
Global Tufting Textile Flooring Market: By Product Type
- Rugs
- Carpets
Global Tufting Textile Flooring Market: By Application
- Residential
- Commercial
- Others
Global Tufting Textile Flooring Market: By Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (LATAM)
- Middle East & Africa (MEA)
- United Arab Emirates (UAE)
- Saudi Arabia
- Rest of Middle East & Africa (MEA)
