Textile flooring includes various types of products such as tufted carpet rugs, woven carpet rugs, needle punched carpet, and carpet tiles. Textile flooring is widely used in non-residential and residential buildings for its advantages such as durability, aesthetics, flexibility, and acoustics insulation. With rapid growth of construction industry worldwide, demand for textile flooring is expected to increase over the forecast period.
The Textile Flooring market is estimated to be valued at US$ 184.29 Bn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
Rapid growth of construction industry worldwide is expected to be a major driver for the textile flooring market growth over the forecast period. According to International Trade Administration, the global construction industry grew by 3.5% in 2020 and is projected to grow further by 3.2% in 2021. Another factor supporting the market growth is increasing disposable income of consumers in developing countries. With rising disposable income, consumers are willing to pay more for aesthetically appealing flooring options such as textile flooring. Furthermore, increasing demand for eco-friendly and sustainable flooring solutions is also expected to fuel the market growth during the forecast period.