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. Asia Pacific was the largest geographic region accounting for $19.5 billion or 57.3% of the global market. And China was the largest country accounting for $8.5 billion or 25.2% of the global floor coverings market.
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.
Companies Covered: Armstrong, Tarkett Group, Mohawk Industries Inc., Shaw Industries Group Inc., Gerflor
Market Segments Included: Carpets And Rugs; Mats
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