North American Flooring Fiber Market is Forecasted to Reach US$ 1.8 Billion in 2030, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global North American flooring fiber market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2030: US$ 1.8 billion

Growth (CAGR): 3.5% during 2024-2030

Leading Material Type: Polyester

Leading Product Type: Wall-to-Wall

Leading Application Type: Residential

Leading Demand Type: Renovation

Leading Sales Channel Type: Retail Store

Leading Location Type: Indoor

Leading Region: USA

Forecast Period: 2024-2030

Trend Period: 2018-2022

Base Year: 2023

Number of Segments Covered: 7

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights on the North American Flooring Fiber Market:

The global North American flooring fiber market is segmented based on material type, product type, application type, demand type, sales channel type, location type, and region.

Based on material type – The market is segmented into nylon 6, nylon 6,6, Polyester, and others. Among material types, Polyester is expected to maintain its market dominance over the next six years due to its cost-effectiveness, durability, inherent stain resistance, excellent color retention, design versatility, eco-friendly options, technological advancements, and overall affordability. These factors collectively position polyester as the preferred choice for both residential and commercial applications, especially in residential areas, making it a strategic option in the competitive flooring industry.

Based on product type - The market is segmented into wall-to-wall and carpet tiles. Among these product types, wall-to-wall is expected to grab the major chunk of the market. These carpets offer comfort, warmth, and sound insulation, contributing to a cozy and inviting environment while minimizing noise levels. Additionally, the safety features, including slip resistance, make them suitable for various spaces. The extensive customization options in terms of colors, patterns, and textures, coupled with cost-effectiveness and ease of maintenance, further solidify their popularity.

Based on resin type - The market is segmented into residential and commercial. Between application types, residential is expected to remain the dominant segment of the market during the forecast period. The region's housing boom, population growth, and cultural emphasis on homeownership drive continuous demand for residential construction and renovation. Consumer preferences for comfort, aesthetics, and customization, along with the influence of interior design trends, contribute to the popularity of residential flooring options like carpets, hardwood, and luxury vinyl tiles. Renovation and remodeling activities, often spurred by economic stability and low interest rates, further boost the demand for residential flooring materials.

Based on demand type – The market is classified into new construction and renovation/rebuilding. Between demand types, renovation/rebuilding is likely to remain the chief demand generator in the market, during the forecast period due to the cost-effectiveness of upgrading existing structures over new construction, the sustainability and environmental benefits of repurposing materials, the quick turnaround times of renovation projects, the influence of changing design trends, and potential government incentives or regulations favoring the preservation of existing buildings.

Based on sales channel type - The market is classified into builders, retail stores, and others. Among these sales channel types, retail stores are likely to remain the dominant segment of the market due to their strategic advantages in consumer accessibility, convenience, and diverse product offerings. The hands-on experience they provide, coupled with expert guidance and immediate product availability, contributes to a superior customer experience. Additionally, retail stores' adaptability to market trends, strong marketing initiatives, and promotional activities further solidify their position as the preferred sales channel.

Based on location type - The market is classified into indoor and outdoor. Between location types, indoors is expected to remain the larger segment during the forecast period. The indoor carpet market is poised for growth due to a surge in construction activities, driving demand for flooring solutions. Changing interior design preferences, particularly a focus on durability and stain resistance, contributes significantly to this growth. Consumers' increasing emphasis on creating aesthetically pleasing and comfortable indoor spaces further fuels demand for diverse and innovative indoor carpets.

To know the most attractive segments, click here for a free sample of the report:

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that USA is projected to maintain its leading market position as well as witness faster growth in the foreseeable future. This growth outlook is majorly attributed to the following–

·      Thriving construction sector and an increasing preference for eco-friendly and sustainable flooring solutions.

·      Anticipated growth in residential and commercial construction projects is set to drive demand for diverse flooring fibers in the foreseeable future.

North American Flooring Fiber Market Drivers:

Some of the key drivers listed in the report are given below.

·      Increasing activities in the construction and renovation sectors, highlighting a positive outlook for the market.

Top Companies in the North American Flooring Fiber Market:

The market is highly concentrated with a handful number of players securing a healthy market share. Most of the major players compete on some of the governing factors, including price, regional presence, etc. These players have distinct capabilities for manufacturing carpet fibers using a multitude of materials. Stratview Research has identified the following companies as the top market players:

• Shaw Industries Group, Inc.
• Mohawk Industries, Inc.
• Engineered Floors
• Aquafil S.p.A.
• Universal Fibers
• Beaulieu Canada
• Indorama Ventures
• Mannington Mills

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the market, answering critical questions like

-      How big is the sales opportunity?

-      Which regions offer the best sales opportunities?

-      Which are the most attractive market segments?

-      Which are the top players and their market positioning?

-      How complex is the business environment?

-      What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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