Textile Flooring Market IS Estimated TO Witness High Growth Owing...

Textile Flooring Market IS Estimated TO Witness High Growth Owing To Changing Consumer Preferences

Сообщение 2023-12-01 13:15:41

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The Textile Flooring Market is estimated to be valued at US$ 207.46 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Textile flooring includes products like carpets & rugs made from natural or man-made fibers. These floorings are known for their versatility, design flexibility, and comfort. Carpets are widely used in residential and commercial spaces like offices, hotels, educational institutions, healthcare facilities, and more. They help in improving indoor air quality, provide insulation from noise and temperature changes.

Market Dynamics:
The growth of the textile flooring market is driven by changing consumer preferences towards aesthetically appealing and comfortable flooring solutions for indoor spaces and rising infrastructure development activities globally. Consumers are willing to spend more on flooring solutions that enhance the overall home décor as well as provide comfort. Furthermore, rapid urbanization and growing construction of commercial buildings including offices, malls, hospitals are supporting the demand for textile floorings. However, high installation and maintenance costs of carpets compared to other flooring types may hinder the market growth.