Broadloom Market Size, Share, Growth, And Industry Analysis, By Type (Cut Pile, Loop Pile, Cut, and Loop Pile), By Application (Home Use, Hotel & Theater, Malls, Office & Workspace, and Others), Regional Forecast To 2031

Updated On: 29 April 2024

Broadloom Market Report Overview

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global broadloom market size was USD 35780 million in 2021  and market is projected to touch 38984 Million by 2031, exhibiting a CAGR of 2.9% during the forecast period.

The broadloom can be simply defined as a carpet that is capable of covering a large space with a uniform design, wall-to-wall very easily and quickly. Along with protecting the floor of the office or any place it also provides a soft carpet to walk upon. The broadloom market is famous for making broadlooms that are woven on a wide loom. broadlooms can be used to cover huge corridors, rooms, and lobbies of various hotels and halls. The broadloom market is stimulated today as we can note the rapid rise in the number of its uses. 

These broadlooms play a crucial role when it comes to filtering the air, entrapping the dust, and avoiding the entrance of mixing of unwanted elements in the air of the area. In developed and developing economies the pace of change is accelerating and people are spending more on disposable income due to the prompt switch toward modernization and urbanization. This new trend of urbanization has boosted the broadloom market. Additionally, because of the infrastructural development, there is a rise in the demand for the broadloom.

COVID-19 Impact: Faced Fall in Demand Due to Unfavorable Regulations Laid by Government 

There was not a single sector that was unaffected by COVID-19. The Broadloom Market was disturbed as well. The COVID-19 pandemic did affect the production process of Broadloom because of the regulations which were not favorable in any country in the world. The world was at a halt. The industries were shut down and hence the production process was disturbed. No production resulted in a fall in the demand for Broadloom. Along with the disruption in the production process the regulations were not favorable for import and export as well. This affected the international trade of the broadloom as well. This led to a negative effect on the Broadloom market during COVID-19. 

Latest Trends

"Eco-Friendly Approach Has Diversified the Uses of the Product"

If we spend money on any product we want to use it in several ways until it becomes completely obsolete. Broadloom is an element that adds more impact to any place where it is used and an interesting fact is that it can be recycled and reused. Recently, it has been used in the form of tufted- carpet tiles as well. The durability and longevity characteristics that broadloom have made it an essential part of the exterior of various offices and houses.  

Broadloom Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into cut pile, loop pile, cut, and loop pile.

• By Application Analysis

Based on application, the market can be divided into home use, hotel & theater, malls, office & workspace, and others.

"Driving Factors"

"The Rising Number of Renovating & Remodeling Activities Has Increased the Demand in The Market"

Remodeling activities are one of the significant prospects for the broadlooms market. People have become more particular about the interiors and exteriors of their houses and they also spend more time now on the upgradation of existing designs of their homes or offices. Remodeling adds more value to the recent trends. Re-innovation activities are increased as using old space makes it an interesting spot, and because of this, people across the world are investing especially in home renovation and upgradation activities. Since broadloom gives a better look to the place where it used it is used when a place is getting renovated or is remodeled. 

"Propelling Trend of Infrastructural Development Influences the Demand in The Market "

The recent momentum that the infrastructural industries have gone through has propelled the demand for broadloom. The rapid increase in the number of new offices or expanded offices has increased the demand in the broadloom market. It not only increases the look of the offices or houses but also increases the overall impact. Broadloom is an element that is easy to install and gives numerous benefits for a long period of time. Therefore, the rise in the number of establishments and expansion activities has boosted the broadloom market growth.

Restraining Factors

"The Unavailability of Skilled Laborers Leads to A Declining Trend in The Market "

In the manufacturing region of broadloom, there is a lack of skilled labor and therefore laborers are brought to construction sites. This adds cost to the overall production cost. For various jobs like handling chemicals that are employed for broadloom and equipment in the production process, there is a need for skilled labor. The lack of skilled labor has negatively impacted productivity and demand in the broadloom market.

Broadloom Market Regional Insights

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"North America Region Dominates the Market Due to A Rise in The Number of Expansion and Establishments Activities"

The North- American region holds the dominant Broadloom Market share in the global market. This is because of various factors. One of the primary factors is that this region shows an increase in the number of new offices and more expansion and increased construction activities. In this region, the countries have a strong economic hold and therefore the people in this region are spending more on renovation and remodeling activities as well. 

Key Industry Players

"Key Players Focus On Innovations and Collaborations "

The key players have noted the shift to urbanization and the modernization of the offices and houses. Therefore they work on the development of a broadloom that comes with a wide range of benefits. The induced investment by people to spend more on the interiors of their houses and offices has also influenced the companies to collaborate to produce at a large scale to earn more revenue and dominance in the market.    

List of Market Players Profiled

• Shaw Industries Group
• Mohawk
• Beaulieu
• Balta Carpets
• Tarkett
• The Dixie Group
• Milliken
• Associated Weavers
• Ege Carpets
• Phenix Flooring
• Victoria PLC
• Oriental Weavers Carpet
• Standard Carpets
• Ambadi

Report Coverage

The report brings together extensive research on the qualitative and quantitative factors affecting the market. It gives an overall macro and micro view of the online reputation service industry. This research profiles a report with extensive studies on the online reputation management services market that describe the firms affecting the forecasting period. Detailed studies also offer a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc.

Furthermore, the post-COVID-19 pandemic’s effect on international market restrictions and a deep understanding of how the industry will recover and strategies are also stated in the report. Finally, the competitive landscape has also been examined in detail to provide clarification of the competitive landscape.