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Market Insights report
The Floor Covering segment includes finish materials used to cover floors, like carpets, wooden flooring, laminate and linoleum. As the population increases, and consequently more buildings spring up, the segment promises to see a steady growth in the future; especially in countries which have a high population growth and a lot of space for construction projects. The worldwide revenue of US$61 billion in 2021 is expected to increase to US$78 billion by 2026.
What's included?
Improved comfort, water resistance and durability of floors, as well as consumers' tendency to buy more expensive goods, are fueling the growth of the Floor Covering segment. Revenues in the Floor Covering segment amounted to US$61 billion in 2021, and by 2026, this is projected to rise to US$78 billion.
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