Sarasota, FL -- (SBWIRE) -- 03/07/2019 -- Zion Market Research has published a new report titled "Flooring and Carpet Market by Product Type (Woven, Vinyl Flooring, Carpet Tiles, Artificial Grass, Laminate Parquet Flooring, Tufting, Carpets, and Rugs), by Application (Retail, Healthcare and Hospitals, Hospitality, Automotive, Education Institutes, Industrial, Commercial Offices, Residential, and Others), and by Material Type (Nylon, Polyester, Polypropylene, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025". According to the report, the global flooring and carpet market was valued at approximately USD 380.5 billion in 2018 and is expected to generate USD 450 billion by 2025, at a CAGR of around 6.5% between 2019 and 2025.

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The carpets and floorings are a vital part of any household that is gaining importance in various other applications, such as aerospace, aviation, automobiles, etc. The common materials that are used as a floor covering include carpets and rugs, wood, ceramic tiles, vinyl sheets, etc.

The recovery of the construction in developed regions, such as North America and Europe, is likely to drive the flooring and carpet market growth globally in the future. In addition, the increasing construction and renovation activities in emerging economies, such as India, China, Brazil, etc., are likely to fuel further the global flooring and carpet market growth over the estimated timeframe. Moreover, the increasing expenditure from the consumers for the decoration of homes, offices, and hotels is also projected to significantly contribute to this market's growth. A large number of automobile companies are also using carpet floorings to enhance the appearance of the vehicle. However, the price fluctuation of raw materials used by flooring and carpet manufacturers may restrain the growth of the global flooring and carpet market in the years ahead. On the other hand, growing investments across the construction industry are expected to have a positive impact on the flooring and carpet market globally.

By product type, the global flooring and carpet market is segmented into woven, vinyl flooring, carpet tiles, artificial grass, laminate parquet flooring, tufting, carpets, and rugs. The vinyl flooring segment is expected to grow rapidly in the future, owing to its high resistance to moisture, mildew, and mold. Based on application, the global flooring and carpet market has been segmented into retail, healthcare and hospitals, hospitality, automotive, education institutes, industrial, commercial offices, residential, and others. The residential sector is likely to hold the largest share in the years ahead, due to the increasing demand for aesthetic flooring materials and growing inclination toward interior decoration. By material type, the market is segmented into nylon, polyester, polypropylene, and others.

By region, Asia Pacific is projected to be the largest flooring and carpet market globally in the future, owing to the increase in construction activities in the region. Countries like China and India are experiencing substantial developments in their respective construction sectors. Moreover, the region is likely to witness an enhanced demand for non-residential building spaces, due to population growth and rapid urbanization. North America is expected to witness substantial growth over the estimated timeframe, owing to the growing number of various refurbishing activities across the region and rising construction of green buildings in the U.S., which, in turn, will boost the consumption of lightweight and eco-friendly floor coverings.

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Some key players operating in the global flooring and carpet market include Mannington Mills, Shaw Industries, TOLI Corporation, Milliken & Company, Forbo, Mohawk Industries, Floorworld LLC, Tarkett Company, Forbo Holding, and Polyflor Incorporation, among others.

This report segments the global flooring and carpet market into:

Global Flooring and Carpet Market: Product Type Analysis

Woven
Vinyl Flooring
Carpet Tiles
Artificial Grass
Laminate Parquet Flooring
Tufting
Carpets
Rugs

Global Flooring and Carpet Market: Application Analysis

Retail
Healthcare and Hospitals
Hospitality
Automotive
Education Institutes
Industrial
Commercial Offices
Residential
Others

Global Flooring and Carpet Market: Material Type Analysis

Nylon
Polyester
Polypropylene
Others

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Global Flooring and Carpet Market: Regional Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa