Flooring Market to Jump at 5.7% CAGR to 2023 and Projected to Reach US$ 447.74 Billion, Led by (Ceramic, Stone, Wood and Laminate) Applications

The report aims at estimating flooring market size and future growth potential of flooring market across different segments on basis of type, by material, end-use industry, & region. It also provides detailed information regarding major factors influencing growth of market (drivers, restraints, opportunities, and industry-specific challenges).

The flooring market was valued at USD 324.26 Billion in 2017 and is projected to reach USD 447.74 Billion by 2023, at a CAGR of 5.7% during the forecast period.

Report further aims to study individual growth trends, future prospects, and contribution of various segments to overall market. Study also analyzes opportunities in flooring market for stakeholders and provides details of the competitive landscape for market leaders. It strategically profiles key players and comprehensively analyzes their core competencies.

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Ceramic led the flooring market in 2017, in terms of volume; this segment is projected to retain its leading position through 2023. Its cost-effectiveness, resistance to stains and water, and environment-friendly properties contribute toward its leading position in the flooring market. Furthermore, the integration of new technologies in ceramic tiles such as digital printing has boosted its popularity in the construction industry.

Flooring Type Market, By Material
1 Introduction
2 Resilient Flooring
3 Vinyl
4 Non-Resilient Flooring
5 Ceramic Tiles
6 Wood
7 Laminate
8 Stone

Flooring Market, By End-Use Industry
1 Introduction
2 Residential
3 Non-Residential

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Asia Pacific flooring market is projected to grow at the highest CAGR between 2018 and 2023. Factors such as the increasing number of new housing units, significant investments in the infrastructural sector, and rapid industrialization are driving the flooring market in the region. The markets in China and India are projected to be lucrative due to their growing construction industry in these countries.

Industry Trends
1 Introduction
2 Porter’s Five Forces Analysis
3 Threat of New Entrants
4 Threat of Substitutes
5 Bargaining Power of Suppliers
6 Bargaining Power of Buyers
7 Intensity of Competitive Rivalry
8 Macroeconomic Indicators
9 Trends and Forecast of GDP
10 Contribution of the Construction Industry to the GDP, By Country
11 Ceramic Tiles Production Across Regions (Million Square Meter)

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The primary objective of this study is to define, forecast, and segment the flooring market on the basis of type, by material, end-use industry, and region. The study also aims at strategically analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market. It also provides detailed information about the key market dynamics which include drivers, restraints, opportunities, and industry-specific challenges.

Breakdown of Primaries
• By Company Type: Tier 1 –40%,Tier2 –25%, and Tier 3 –35%
• By Designation: C Level – 35%, Director Level – 30%, and Others – 35%
• By Region: North America –25%,Europe –20%,Asia Pacific –45%,RoW* –10%

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This release was published on openPR.