Press release
Flooring Market 2018 | Top Most Players | Boosting CAGR of +6.36 % by 2025 | Mohawk, Mannington Mills Inc., Gerflor, Shaw Floors, and Armstrong
Flooring Market
Raw material providers, producers, and distributors are major participants in the market value chain. Key companies in the global flooring market include Mohawk, Mannington Mills Inc., Gerflor, Shaw Floors, and Armstrong. The global market is considerably consolidated with extreme competition; technological advancement is expected to be a crucial point for market growth over the forecast years.
Flooring Market – Industry Highlights
The Flooring market was valued around USD 250.12 billion in 2016 and is expected to reach roughly USD 435.67 billion by the end of 2025 while registering itself at a compound annual growth rate (CAGR) of 6.36% during the forecast period, owing to the new trends and innovations in construction solutions and floor designs. The flooring market is extremely competitive with several players presenting a range of flooring solutions around commercial, residential, industrial and other segments. The floor coating industry is being flooded by new styling trends and technological advancements. Lately, end users have been diverting from conventional flooring solutions to eco-friendly and more cost efficient flooring materials like linoleum, cork, bamboo, Polyester (P.E.T) Berber, glass, reclaimed hardwood and rubber.
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Product Outlook and Trend Analysis
The product section is largely categorized into 4 types involving resilient flooring, seamless flooring, non-resilient flooring and soft coverings. Soft coverings are also referred as fabric coverings, and primarily comprise carpets and rugs. This segment conquered the market and described for around 50% of the total market share in 2013. These coverings render numerous benefits such as dust-binding characteristics, noise-reducing effect and also are referred to be excellent insulators furnishing pleasing, comfort as well as warm aesthetics. Resilient flooring is a combination of fillers, color, and binders. Resilient flooring types include wood, cork, rubber, linoleum, asphalt, and vinyl; these are cost effective, durable and need low maintenance. Non-resilient flooring embraces clay tile, ceramic tile, concrete tile, brick, and terrazzo stone. These floors usually withstand several conditions and need only dusting and mopping.
Application Outlook and Trend Analysis
Flooring solutions are employed in commercial, industrial, and residential applications. Due to increasing demand from the construction market and amplified home renovation and improvement projects, the flooring products market for residential applications is anticipated to experience growth over the forecast years. Additionally, increase in demand for flooring solutions all over the residential section could be assigned with changing customer lifestyle and amplified disposable earnings. Commercial applications involve hospitality and leisure, healthcare, corporate, retail, education, sports and other. Growing demand in the construction business is projected to be the major driving factor for the global market over the next few years. Industrial applications comprise manufacturing plants, automotive industry, refineries, aviation hangars, etc.Flooring Market - Industry updates:
Flooring Market - By Region:
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
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Flooring Market - List of Tables
Table 1.Flooring Market, By Product ($Million), 2016-2025
Table 2.Carpets & Rugs Market, By Region ($Million), 2016-2025
Table 3.Wood Market, By Region ($Million), 2016-2025
Table 4.Resilient Market, By Region ($Million), 2016-2025
Table 5.Tiles Market, By Region ($Million), 2016-2025
Table 6.Other Products Market, By Region ($Million), 2016-2025
Table 7.Flooring Market, By Application ($Million), 2016-2025
Table 8.Commercial Market, By Region ($Million), 2016-2025
Table 9.Industrial Market, By Region ($Million), 2016-2025
Table 10.Residential Market, By Region ($Million), 2016-2025
Table 11.Flooring Market, By Region ($Million), 2016-2025
Table 12.North America Flooring Market, By Country, 2016-2025 ($Million)
Table 13.North America Flooring Market, By Product, 2016-2025 ($Million)
Table 14.North America Flooring Market, By Application, 2016-2025 ($Million)
Table 15.U.S. Flooring Market, By Product, 2016-2025 ($Million)
Table 16.U.S. Flooring Market, By Application, 2016-2025 ($Million)
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Reason to Buy:
1) An extensive research study on the Global Flooring Market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Flooring Market.
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
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