The floor coverings manufacturing market
comprises all firms engaged in producing and wholesale distribution of carpets,
and other forms of soft and hard surface floor coverings including rugs and
sheets. Carpet and rug mills produce woven, tufted, needle punched carpets and
rugs or finishing carpets and rugs. The products include floor mattings, needle
punch carpets, art squares, and door mats.
The global floor coverings market was
valued at $34 billion in 2017. Among regional markets, Asia Pacific was the
largest geographic region accounting for more than half of the global market.
The reason for the substantial growth of the market is that the demand for
vinyl flooring has expanded from commercial spaces to residential spaces as it
is available with better designs and more realistic looks. Realistic tiles and
planks mimicking natural looks are being developed using advanced technology
which creates better substitute for the regular traditional wood or stone
floorings. For example, Mannington Mills
Inc. manufactures and markets a wide range of floor coverings.
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https://www.thebusinessresearchcompany.com/sample.aspx?id=161&type=smpChina was the largest country in the market, accounting for one-fifth of the global floor coverings market. This is partially due to high presence of fabrics and apparel manufacturing facilities in China, which consume textiles as raw materials. China was followed by India and Japan as the next largest countries in the market.
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