According to a new report, published by KBV research, The Global Carpet Floor Mats Market size is expected to reach $11.6 billion by 2031, rising at a market growth of 4.9% CAGR during the forecast period.
Industrialization boosts the demand for carpet floor mats. As countries industrialize, establishing factories, warehouses, and production facilities necessitates durable and functional flooring solutions. While traditional industrial settings might prioritize materials like concrete or rubber for their flooring, carpet floor mats are in industrial complexes' office areas, break rooms, and administrative sections. These mats provide comfort and noise reduction, creating a more pleasant working environment for employees.
The B2B segment is registering a CAGR of 4.5 % during the forecast period. The demand for durable and high-quality carpet floor mats in commercial settings is a primary driver of the B2B segment. Businesses require mats that can withstand heavy foot traffic, provide safety, and enhance the aesthetic appeal of their premises.
The Commercial segment led the Global Carpet Floor Mats Market by End Use in 2023; thereby, achieving a market value of $5.7 billion by 2031. Carpet floor mats in commercial settings help protect flooring from dirt, moisture, and wear, extending the lifespan of the underlying surfaces. This practical advantage renders them indispensable in high-traffic environments, including retail malls, office buildings, and hospitality venues.
The Tufted Carpet Floor Mat segment is growing at a CAGR of 4.4 % during the forecast period. Tufted carpet floor mats are produced by inserting yarn into a backing material to create loops or cut pile surfaces. This method allows for various textures and patterns, making tufted mats versatile and widely used.
Full Report: https://www.kbvresearch.com/carpet-floor-mats-market/
The Asia Pacific region dominated the Global Carpet Floor Mats Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4.6 Billion by 2031. The North America region is anticipated to grow at a CAGR of 4.3% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 4.5% during (2024 - 2031).
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