The global marine carpets market size is expected to surge because of the rising demand for the product in several applications. This rising demand is attributable to the resistance, durability, and comfort of the product, which, in turn, boosts the market growth. Fortune Business Insights™ states this information in its report titled “Marine Carpets Market, 2022-2029.

Marine carpets are created using vinyl, polyurethane, vinyl blend material, and polypropylene. They are extremely durable and offer resistance against fungus, tears, and moistures. In addition, they are comfortable, soft, and easy to clean. The carpets can be easily installed using outdoor and carpet adhesives. Further, because of the benefits provided by the product, it is used in various applications such as floors, trailers, cars, boats, and pontoons. Its use in several applications is responsible for significantly boosting its demand, thereby fostering market growth.

Impact of COVID-19 

Limited Working Capacity to Retard Market Development amid COVID-19 Pandemic

This market will slowly grow during the COVID-19 pandemic due to the lockdown regulations imposed by governments. The alarming spike in COVID-19 patients has resulted in the halt of production activities. However, governments have allowed working at limited capacities in production facilities to enable manufacturers to balance their revenues and recover losses. E-commerce websites are strongly progressing as consumers are locked down in their homes, facilitating online shopping of marine carpets. Therefore online shopping can fuel market growth.

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Segments

By type, the market is segregated into polypropylene, polyurethane, vinyl, vinyl blends, and others. On the basis of the product’s applications, it is divided into boat, car, pontoon, floor, trailer, and others. Geographically it is grouped into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Highlights of the Report

  • The report analyzes the recent market trends and the leading segments.
  • It comprehensively studies the driving and restraining factors and the impact of COVID-19 on the global market.
  • This report examines strategies implemented by the market’s key players and the regional developments.

Drivers and Restraints

Robust Demand for Carpets in Car and Floor Applications to Propel Market Growth

The demand for marine carpets is increasing rapidly because of their economic nature. They are highly durable and comfortable, as they provide resistance against fires, fungus, and other damages. Its low maintenance and cost-effectiveness are responsible for boosting the product demand. It is extensively used in cars because of the visual appeal and softness. They provide comfort to passengers and drivers during a drive.

Additionally, it is used on floors in several commercial and residential buildings. They are easy to clean and install, thereby providing convenience to the consumers. Therefore, the rapid adoption of the product is expected to drive the marine carpets market growth.

However, the lack of availability due to its soaring demand is likely to hamper the market growth in the upcoming years.

Regional Insights

Strong Demand for Carpets in Automobiles to Boost Market Growth in Asia Pacific

Asia Pacific is projected to dominate the marine carpets market share in the upcoming years due to robust product demand from the automobile industry because of the visual appeal and comfort. Thus the factor is expected to bolster market growth.

In Europe, demand for marine carpets for flooring in buildings is expected to boost the market growth.

In North America, the increasing adoption of vinyl carpets for flooring in commercial buildings is expected to foster market growth.

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Competitive Landscape

Development of Cost-efficient Products by Key Players to Enhance their Market Position

The key players in the market are focusing on making their marine carpets more accessible to the population by announcing low-cost products. The product is extremely comfortable, visually appealing, and of high quality. This strategy is expected to enhance sales and enhance the company’s market position. In addition, the major players are focusing on the research and development of the product to enhance its resistance against damage and enhance product quality and gather consumer attention.

Industry Development

May 2021: Carpets Inter announced a new one-of-its-kind EcoSoft carpet in India. It is composed of 80% post-recycled PET and 5% post-industrial PET obtained from recycled drinking bottles. It is an environmentally friendly carpeting solution and is excellent in its quality. 

List of Key Players Profiled in the Marine Carpets Market Report

  • Wholesale Marine
  • Corinthian Marine
  • BCF Australia
  • Marine Carpet Sales
  • BPS Direct, L.L.C.
  • Mohawk Industries
  • DECKadence Marine Flooring
  • Shaw Industries Group, Inc.
  • Camsal Enterprises
  • Dixie Group
  • Tarkett
  • Dinarsu
  • Interface

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