Global Soft Covering Flooring Market to Reach $130.5 Billion by 2030
The global market for Soft Covering Flooring estimated at US$101.3 Billion in the year 2023, is expected to reach US$130.5 Billion by 2030, growing at a CAGR of 3.7% over the period 2023-2030. Broadloom, one of the segments analyzed in the report, is expected to record 3.5% CAGR and reach US$93.9 Billion by the end of the analysis period. Growth in the Carpet Tiles segment is estimated at 4.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $27 Billion, While China is Forecast to Grow at 5.6% CAGR
The Soft Covering Flooring market in the U.S. is estimated at US$27 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$26.9 Billion by the year 2030 trailing a CAGR of 5.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 2.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.
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