Synthetic Textile Flooring Market was valued at USD 4.2 Billion in 2022 and is projected to reach USD 6.5 Billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
The global synthetic textile flooring market was valued at approximately USD 48.6 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2029. This growth is driven by the increasing demand for durable and cost-effective flooring solutions across residential, commercial, and industrial applications. With the rise in urbanization and modernization, there has been a significant increase in construction activities, particularly in developing regions, which has bolstered the demand for synthetic textile flooring. Furthermore, the growing preference for aesthetically appealing, sustainable, and easy-to-maintain flooring materials is expected to propel the market growth in the coming years.
Emerging markets present numerous growth opportunities for the synthetic textile flooring industry. Rapid economic development in countries such as India, China, and Brazil is leading to increased construction and renovation activities, which, in turn, is boosting the demand for innovative flooring solutions. Additionally, rising consumer awareness regarding environmental sustainability and the use of eco-friendly materials is encouraging manufacturers to invest in research and development to produce recyclable and low-emission products. This trend is anticipated to create lucrative opportunities for market players to expand their product portfolios and capture a larger share of the global market.
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Mohawk Industries
Interface
Beaulieu International Group
Tarkett SA
Balta Group
Shaw Industries Group
Forbo Holding
Mannington Mills
J+J Flooring Group
Vorwerk
KGamong
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Synthetic Textile Flooring Market
Residential
Commercial
Based on Types the Market is categorized into Below types that held the largest Synthetic Textile Flooring market share In 2023.
Tufting
Woven
Needlefelt
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Synthetic Textile Flooring Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Synthetic Textile Flooring Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Synthetic Textile Flooring Market, By Type
6. Global Synthetic Textile Flooring Market, By Application
7. Global Synthetic Textile Flooring Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Synthetic Textile Flooring Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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