Soft Covering Flooring

Global Soft Covering Flooring Market to Reach US$130.5 Billion by 2030

The global market for Soft Covering Flooring estimated at US$105.0 Billion in the year 2024, is expected to reach US$130.5 Billion by 2030, growing at a CAGR of 3.7% over the analysis period 2024-2030. Broadloom, one of the segments analyzed in the report, is expected to record a 3.5% CAGR and reach US$93.9 Billion by the end of the analysis period. Growth in the Carpet Tiles segment is estimated at 4.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$27.8 Billion While China is Forecast to Grow at 5.7% CAGR

The Soft Covering Flooring market in the U.S. is estimated at US$27.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$26.9 Billion by the year 2030 trailing a CAGR of 5.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.5% and 2.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Global Soft Covering Flooring Market - Key Trends and Drivers Summarized

How Is Soft Covering Flooring Revolutionizing Interior Design?

Soft covering flooring, which includes carpets, rugs, and carpet tiles, is a popular choice in residential, commercial, and institutional settings due to its comfort, aesthetic appeal, and insulation properties. This type of flooring offers a wide range of designs, colors, and textures, allowing for versatile interior design options that enhance comfort and reduce noise. Soft covering flooring is widely used in homes, offices, hotels, and educational institutions, providing warmth, sound absorption, and a cozy atmosphere. As trends in interior design evolve, soft covering flooring continues to be a preferred option for both aesthetic and functional purposes.

What Are the Key Segments in the Soft Covering Flooring Market?

Key product types include carpets, rugs, and carpet tiles, with carpets holding the largest market share due to their extensive use in residential and commercial spaces. Materials include nylon, polyester, wool, and polypropylene, with nylon representing a significant segment due to its durability and resistance to wear and tear. Applications span residential, commercial, and institutional spaces, with residential use leading the market as homeowners prioritize comfort, design, and insulation. End-users include households, offices, hospitality, and healthcare facilities, with residential households being the dominant segment due to the comfort and aesthetic versatility of soft covering flooring.

How Is Soft Covering Flooring Integrated Across Various Spaces?

In residential settings, soft covering flooring is used in living rooms, bedrooms, and hallways to provide warmth and reduce noise, enhancing comfort and energy efficiency. In offices, carpet tiles are popular due to their modular nature, ease of installation, and ability to create a professional ambiance while minimizing noise. The hospitality sector uses luxurious carpets in hotel rooms, lobbies, and banquet halls to enhance aesthetic appeal and provide a sense of luxury. Educational institutions, such as schools and universities, use soft covering flooring in libraries, classrooms, and corridors to reduce noise and create a conducive learning environment. Additionally, healthcare facilities employ soft covering flooring to improve patient comfort, reduce slips, and minimize noise levels.

What Factors Are Driving the Growth in the Soft Covering Flooring Market?

The growth in the Soft Covering Flooring market is driven by several factors, including increasing demand for comfortable, noise-reducing, and aesthetically appealing flooring solutions in residential and commercial spaces. The rising trend of home renovation and interior design, coupled with a focus on cozy and energy-efficient living spaces, has accelerated demand for soft covering flooring. Advancements in materials, such as stain-resistant and eco-friendly carpets, have further fueled adoption across diverse settings. The growing hospitality and tourism industry, which emphasizes luxury interiors, has contributed to market expansion, particularly in hotels, resorts, and banquet halls. Additionally, the development of innovative carpet tiles and modular designs has expanded applications in offices, educational institutions, and healthcare facilities.

SCOPE OF STUDY:

The report analyzes the Soft Covering Flooring market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Broadloom, Carpet Tiles); Application (Residential, Commercial)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 36 Featured) -

• Abbey Carpet & Floor
• Beaulieu International Group
• Bentley Mills, Inc.
• Cargill, Incorporated
• Engineered Floors LLC
• Interface, Inc.
• Mannington Mills, Inc.
• Milliken & Company
• Mohawk Industries
• Shaw Industries Group, Inc.
• The Dixie Group, Inc.
• Trinseo S.A.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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