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Textile Floorings Market Overview
Textile Floorings Market size is expected to reach a value of US$210
billion by the end of the year 2027 after growing at a CAGR of 6.4% during the
forecast period from 2022-2027. Textile flooring is a new type of traditional
flooring that includes carpet tile or broadloom carpet with textured patterns
or a unique design. Textile flooring is a versatile material and a particularly
strong solution for hospitals, higher education facilities, and gyms. Thus, the
increase in demand for textile floorings is widely used in automobiles and
buildings & construction due to unique characteristics such as static control, energy
consideration, and recyclable which is one of the major
factors driving the textile floorings industry growth. Textile floorings such
as carpets or velvet carpeting and rugs are made of natural (plant or
animal-based) and synthetic fibre (polyester). Carpets are used for the interior of cars as a seat cover and help to reduce vehicle weight which is
creating an opportunity for the textile flooring industry growth.
Textile floorings offer long-lasting durability, heat resistance, non-slip flooring, and resistant to abrasion, soiling,
and fading caused by sunlight which makes them ideal for various end-use
industries such as building & construction which, in turn, is driving the textile
floorings market.
COVID-19 impact
With the Covid-19
pandemic taking a toll on businesses across the globe, the textile flooring
market also faced challenges during the year 2020 and 2021. The
operations activities of the buildings & construction market were closed
which may hamper the market growth. Textile floorings are widely used in
buildings, hotels, sports centers, and cars for the seat cover. But in
lockdown, the total infrastructure and production activities were held which is
creating a restraint for the market.
According to the American Institute of Architects (AIA), construction spending on office
buildings declined by over 9%, hotels investment declined by 20%, and amusement
and recreation centers were down almost 13% in January 2021. According to the
India Brand Equity Foundation (IBEF), construction sectors shrunk by 50.3% in
Q1 2020. Therefore, India requires investment worth Rs 50 trillion (US$ 777.73
billion) in infrastructure by 2022 to have sustainable growth. However, the global textile floorings market size was
hugely affected which is limiting the market growth.
Report Coverage
The
report: “Textile Floorings Market –
Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the
following segments of the Textile Floorings Industry.
By Material Type: Synthetic Based [Nylon (Polycaprolactam and Polyhexamethylene Adipamide), Polyester, Polytrimethylene Terephthalate, Polyolefin, and Acrylic], Natural Based (Wool, Cotton, Fur, and Jute) and Plant-Based (Seagrass, Coir, Linen, and Bamboo)
By Product Type: Carpets, Rugs, and Broadlooms
By Techniques: Weaving,
Knitting, Needle-Tufting, and Others
By End-Use Industry: Building & Construction {Residential Buildings (Private Dwellings, Apartments, Row Houses, Others), Commercial Buildings [Office, Healthcare (Hospitals, Long Term Care Facilities, Diagnostic Centers), Concert Halls and Museums, Sports Arena (Gym, Training Centers, Others), Educational Institutes (Schools, Universities and Colleges, Research Centers)], Industrial Buildings (Production Space, Warehouse, Others)}, Automotive (Passenger Cars, Light Weight Commercial Vehicles, Heavy Weight Commercial Vehicles), Aerospace, and Others
Key Takeaways
- The Asia Pacific held the largest share in the textile floorings market owing to the growing economy and various end-use industries such as automotive and building and construction.
- According to the Federation of Automobile Dealers Associations (FADA), in India sales of passenger vehicles increased to 2,91,001 units in November 2020, compared with 2,79,365 units in November 2019.
- Increasing adoption of synthetic fiber textile flooring in exterior and interior appliances at home due to excellent sound absorption property is estimated to boost the market size in near future.
- Additionally,
textile flooring includes carpets and rugs fabric that provides more comfort in comparison to
other types of soft flooring materials such as linoleum which is estimated
to create growth for the market.
Figure: Asia Pacific Textile Floorings Market, 2021-2027 (US$ Billion) 
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Synthetic-based
held the largest share of more than 35% in the textile floorings market in the
year 2021. Synthetic fiber is hypoallergenic and more resilient than natural
fibers. Synthetic fibers such as nylon (66% in all carpets), acrylics (15%), polyester (>15%), and
polypropylene (>5%) are used to make carpet yarns. Synthetic
materials such as polypropylene robustly resist mold, mildew, stains, shedding,
and water which makes them an ideal solution for outdoor carpets, rugs, and
mats. Polypropylene
rugs are abrasion resistant, mildew resistant, UV-resistant, quick-drying, and
durable, thus it is the ideal solution for decorating kitchens, living rooms,
entryways, and other heavy traffic areas. Polypropylene carpet & mats are best suited for light to medium commercial
applications. Thus, growing development for flooring purposes is expected
to foster the demand for synthetic fibers which, in turn, is estimated to
market growth.
Textile Floorings Market Analysis – By Product Type
Carpet held the largest share of more
than 40% in the textile floorings market in the year 2021. Carpet is made from
natural and synthetic fibers which are used in wall coverings
and floors. Carpets help to reduce noise and minimize heat loss through the
floor. Carpet offers amazing softness, beauty to a room, comfortable to walk on, and a luxurious appearance. Carpet
such as acrylic carpet fiber offers the appearance, has a low static level, and
is mildew resistant. It is commonly used in velvet carpeting and level loop
constructions. According
to India Brand Equity Foundation (IBEF), The total carpet export stood at US$
893.99 million between April-November 2020 and for handicrafts, excluding
handmade carpets, it was US$ 989.92 million in 2020. Carpets
are possessed various properties such as soil resistance, moisture resistant, flame resistance,
heat resistance, sound absorption, and moisture absorbency which makes them the
ideal product type of the textile floorings industry.
Textile Floorings Market Analysis – By Techniques
Needle tufting held the
largest share of over 30% in the textile floorings market in the year 2021. Mohawk Industries Inc., Interface Inc., and other companies are using the
needle tufting process to manufacture carpets. In this process, needles are used to insert the pile
yarn into a carrier material. The tufting machine is passed backing cloths over
a supporting perforated plate. Tufting involves stitching face yearns
into a backing material with the multi-needed machine; thus, the majority of carpet is produced with the help of
needle tufting techniques. Tufting techniques are provided the highest
precision, process reliability, and high-performance with excellent durability.
Thus, due to such factors needle tufting techniques are widely used to
manufacture textile floorings.
Textile Floorings Market Analysis – By End-Use Industry
Building
and construction held the largest share of more than 40% of the textile
floorings market in the year 2021. Textile flooring such as carpet tile or velvet carpeting
is designed to look natural which makes them ideal for office buildings,
hotels, gyms, and other buildings. Textile floorings have various properties
such as excellent durability, high mechanical strength,
high wear resistance, and reduced maintenance costs when compared to true
carpets. According to the U.S. Census Bureau, healthcare
construction increased by 47,113 units in January 2021 compared to 46769 units
in April 2020. According to the US Census
Bureau, building permits in the United States increased 0.3 percent to an
adjusted annual rate of 1.76 million in April 2021 from 1.75 million in March
2021. According to the US Census Bureau, new housing unit
construction was 11,471 thousand units in 2019 in the United States, which
reached 3,642 units in 2020. According to the Federal National Mortgage
Association, housing starts were expected to jump with 1 million new homes in
2021. Thus,
the growing building & construction sector is estimated to fuel the demand
for textile flooring.
Textile Floorings Market Analysis – By Geography
The
Asia Pacific held the largest share of more than 33% in the textile floorings
market honeycomb size in the year 2021, due to the increasing demand from
various end-use industries such as building & construction in Asian
countries such as India and China are estimated to grow the demand for textile
floorings. According to the National Bureau of Statistics, China's real estate
market investment jumped from 15.7% in 2019 to 38.3% in January-February 2021.
According to International Trade Administration (ITA), the construction value
of China stood at US$ 893.58 in 2018 and US$ 968.06 in 2019. According to
the National Development and Reform Commission (NDRC), 14 construction
investment projects were approved worth CNY177.8 billion (US$25.2 billion),
following approvals of CNY68.9 billion (US$10.1 billion) in August 2020. According
to Central
Sanctioning and Monitoring Committee (CSMC), 1,68,606 new homes were approved
to construct in urban areas under Pradhan Mantri Awas Yojana in 2021 in India. According
to the India Brand Equity Foundation (IBEF), the real estate sector of India
will grow US$ 1 trillion by 2030 and Rs. 65,000 crore (US$ 9.30
billion) by 2040. Hence, these are hugely creating an opportunity
for market growth in the region.
Textile Floorings Market Drivers
Growing Investments in Infrastructural Developments
Textile floorings such as velvet carpeting are used inside buildings. Textile flooring such as carpets (made by synthetic fibers) has sound absorption and is used to prevent the production of static electricity. Textile flooring also offers high abrasion resistance, excellent resiliency, high dimensional stability, easy to clean, and flame retardant which makes them an ideal solution for hotels, hospitals, and other commercial buildings. According to India Brand Equity Foundation (IBEF), in 2019 Puravankara realty firm limited plans to invest Rs 850 crore to build 3 luxury housing projects in Bengaluru, Chennai, Mumbai over the next 4 years. According to the India Brand Equity Foundation (IBEF), the warehouse attracted private equity investments of US$ 971 million in 2020. the market of Indian green buildings is expected to reach around 10 billion sq ft by 2022 worth US$ 35 billion to US$ 50 billion. According to China Electronic Information Industry Development (CCID), the country is expected to spend CNY10 trillion (US$1.4 trillion) on new infrastructure projects between FY20-FY25. In September 2020, Mitsubishi Estate Co. announced that it plans to finish work on Japan's tallest building 390 meters with 63 floors in a redeveloped district near Tokyo Station in the fiscal year 2027. This will further drive the textile flooring industry.
Increasing Demand from Automotive Industry
Textile floorings are widely used in the automotive industry to reduce vehicle weight for cutting down CO2 emissions and achieving better fuel efficiency. Textiles have also come up with a solution such as tire reinforcement, acoustics protection, gas, and air filtration. Thus, textile floorings are used in the interior of cars such as seat cover, air ducts, timing belts, air filters, non-woven for engine sound isolation which have increased the number of textiles in an automobile. According to the International Organization of Motor Vehicle Manufacturers (OICA), global vehicle production increased by 21.08 million in January-march 2021 compared to 18.03 million in January-March 2020. According to the India Brand Equity Foundation (IBEF), the Indian Government expects the automotive sector to attract US$ 8 billion to US$10 billion in local and foreign investments by 2023. According to the International Trade Administration (ITA), the Chinese government expected to run the production of automobiles with 35 million units by 2025. According to the European Automobile Manufacturer Association (ACEA), the automotive sector is a major investor in R&D in Europe, which has increased by 6.7% to reach €57.4 billion (US$ 64.25 billion) annually as of 2019. In 2020, according to the European Automobile Manufacturers Association (ACEA), automobile manufacturers operate some 226-vehicle assembly and production plants in the European Union. Hence, the globally increased automotive industry is estimated to boost the consumption of the textile flooring market.
Textile Floorings Market Challenges
Carpet Floorings more Expensive as compared to Luxury Vinyl Floorings
Carpet
textile flooring is widely used in buildings and vehicles. But during installation, the costs
of carpet tiles are more than luxury vinyl floors. Luxury vinyl floorings are
easier to clean, nonporous, and can withstand high traffic well as compared to
carpet tiles. Thus, it is becoming a preferred alternative to carpet floorings.
The cost of carpet tiles is on average US$3 to US$4 per square foot which is the tent
to be increased to US$4.50 to US$ 5.50 per square foot during installation. And
the installation cost of luxury vinyl is US$2- US$5 per square. Hence, the cost
of luxury vinyl flooring is less expensive compared to carpet floorings. This is one of the major challenges
faced by the textile floorings industry.
Textile Floorings Industry Outlook
Technology
launches, acquisitions, and R&D activities are key strategies adopted by
players in the Textile Floorings Market. Major players in the Textile Floorings
Market are;
- Mohawk Industries, Inc.
- Shaw Industries Group Inc.
- Forbo Holding AG
- Balta Group
- Interface, Inc.
- Beaulieu International Group N.V.
- Tarkett SA
- Mannington Mills, Inc.
- J and J Flooring Group
- Vorwerk and Co. KG, and more.
Recent Developments
- In November 2019, Shaw Industries Group, Inc. has launched a new soft floor covering designed for people and the planet at Greenbuild. The product is known as COMFOR3T which can be reused multiple times and once it’s ready for replacement, it is 100% recyclable.
- In January 2019, Beaulieu Fibres International has launched its new UltraBond. It opens up a new path for 100% polypropylene needle punch carpets with various functional properties such as UV resistance, pilling resistance, resistance to wear, and abrasion.
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