Textile Flooring Market Expected to Continue Steady Growth

the global textile flooring market is projected to experience significant growth during the forecast period, 2019 - 2019. Rising consumer confidence, increasing disposable incomes, and intensifying demand for luxury flooring options due to booming residential and commercial sectors are expected to contribute towards growth.

The global textile flooring market was valued at approximately $150 billion in 2018, and is projected to register robust growth of approx. 6% during the 2019 - 2029 period. This growth is predominantly driven by textile industry growth. Over the past few years, consumption of textiles and home furnishings has witnessed consistent growth, driven by factors such as rising consumer spending on home renovation, accelerating investments in infrastructural development, and rising demand from Asian countries such as India, China, South Korea, and Indonesia.