Market Trends of Soft Covering Flooring Industry
High Usage of Soft Covering Flooring in the Residential Sector is Driving the Market
Soft covering flooring, including carpets, area rugs, and vinyl flooring, is popular in residential applications because it offers a comfortable, warm, and inviting feel to the space. Additionally, it can help reduce noise and provide insulation. In recent years, there has been a growing trend towards using soft covering flooring in bedrooms, living rooms, and other areas of the home. Soft coverings, such as carpeting, can create a cozy and welcoming atmosphere in these spaces, making them more comfortable and inviting for occupants.
Furthermore, advancements in technology and design have led to the development of soft coverings that are durable, easy to clean, and resistant to wear and tear. These characteristics make them an excellent choice for high-traffic areas of the home, such as hallways and family rooms. Overall, the use of soft covering flooring in the residential sector is expected to continue growing in the coming years as consumers look for comfortable, durable, and stylish flooring options for their homes.
United States Region Dominates the Market
North America accounted for 30% of the volume share in the previous year on account of the high penetration of the product in residential and commercial buildings due to high durability and easy installation process. Furthermore, increasing retail outlets and commercial buildings on account of rising urbanization in Mexico is likely to propel the demand for construction materials in the region.
The rising construction of green buildings in the United States is expected to fuel the consumption of eco-friendly and lightweight floor coverings. Also, increasing consumer expenditure for the construction of residential buildings coupled with rising per capita income is likely to aid households in affording home interiors, including expensive flooring solutions.
Soft covering floorings are available at low costs and possess characteristics such as ease of maintenance, better aesthetics, and moisture, fire, and scratch resistance, which makes them preferable flooring materials for commercial application segments. Rising demand from the replacement market, primarily from the hotels, offices, and mosques in the GCC countries, is expected to propel growth over the projected period.
