Global Flooring Market Report Examines Latest Trends and Key Drivers Supporting Growth through 2025

In order to study the various trends and patterns prevailing in the overall market for Flooring, Market Research Reports Search Engine (MRRSE) has included a new report titled “Flooring Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

Free | Request a Sample Report or View Summary of Report @ https://www.mrrse.com/flooring-market

Flooring constitutes for a substantial part of the building and construction industry and makes for a market that has been lucrative for several decades. Consequently, an increasing number of players have been making a foray into the global flooring market, particularly when the entry barriers are not that high, and making the competitive landscape fragmented. A recent business intelligence study by MRRSE has observed that most of the vendors cater to regional and local demands, although a few players do hold a position of strength, such as Mohawk Industries Inc., Shaw Industries Group Inc., Boral Ltd., Armstrong World Industries Inc., and Tarkett Group. The reason behind these players being ahead of the curve it that they have an impressive product portfolio and frequently indulge into aggressive expansion strategies to improve their vertical integration.

In the near future, key market players are expected to invest strongly into the research and development of innovative products to carve a niche for themselves and gain ground over the intense competition. What is also expected to help them strengthen their foothold is resorting to online and offline marketing strategies as a means of raising awareness regarding their quality products. Beaulieu, Polyflor, Marazzi Group, Balta, Mannington Mills, Forbo, IVC Group, Pergo, Gerflor, Flowcrete, and Parador are some of the other prominent players worth a mention in the global flooring market.

Global Flooring Market to be worth US$429.5 bn by 2025

The established players of the flooring market work on high profitability with their esteemed quality products and are expected to maintain their marginal lead throughout the forecast period of 2017 to 2025. During the forecast period, the analysts of the report have projected the demand in the global flooring market to multiply at a notable CAGR of 6.40% and have estimated that the opportunities will translate into a revenue of US$429.5 bn by 2025. The global flooring market was evaluated to be worth US$247.5 bn in 2016.

Based on product, the MRRSE report segments the global flooring market into wood, carpets and rugs, tile, resilient, stone, and laminate, with the tiles segment providing for the maximum demand in 2016 and foreseen to maintain its leading position throughout the forecast period. Increasing interest of urban population for interior decoration and their willingness to spend substantial chunk of earnings onto high quality tiles are aiding to the prosperity of the segment. Application-wise, the flooring market has been bifurcated into commercial, industrial, and residential. Geographically, analysts of the report highlight vastly populated region of Asia Pacific are the one that is showing greater promise.

Increased Disposable Income of Professionals Driving Demand

Radical rate of urbanization in a number of developing economies and therefore a flourishing building and construction industry in those countries is the primary driver of the global flooring market. Disposable income of professionals in China and India has increased multiple fold in the recent past and a majority of them have been saving and investing on owing a quality residential home units that are fitted with quality flooring materials. Since these flooring products sit with the consumers for extended periods of time, they justify their worth in a long run. Even the commercial sector has understood the value of providing impressive infrastructure for their clients and workforce and are extending their budget of business for premium flooring. Growing investments in the construction industry and increase in the usage of recyclable raw materials are some of the other factors favoring the global flooring market.

The report provides the actual market size of flooring for 2016 and estimated market size for 2017 with forecast for the next eight years. The global market size of flooring has been provided in terms of volume and revenue. Market revenue is given in US$ Mn. Market numbers have been estimated based on key end-users of flooring. Market size and forecast for numerous end-users have been provided in terms of global, regional, and country level markets.

Global Flooring Market: Research Methodology

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, Plastemart magazine, TPE magazine, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoover’s, OneSource, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market. We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.

Companies Mentioned in the Report

The report comprises profiles of major companies operating in the global flooring market. Key players in the flooring market are Mohawk Industries, Inc., Shaw Industries Group, Inc., Tarkett Group, Mannington Mills, Inc., Avant Holding GmbH and Armstrong World Industries, Inc. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

Complete Report details with Tables and Figures @ https://www.mrrse.com/flooring-market

The global flooring market has been segmented as follows:

By Product

Carpets & Rugs
Wood
Resilient
Tiles
Others (Laminate, Stone etc.)

By Application

Residential
Commercial
Others (Industrial etc.)

About Market Research Reports Search Engine (MRRSE)

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

Contact Us

State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Email: sales@mrrse.com

This release was published on openPR.