Press release
Flooring Market Detail Analysis focusing on Key Players like Shaw Floors, Tarkett, Armstrong, Mohawk Industries, Beaulieu, Marazzi Group, Mannington Mills, Forbo, Interface, Balta, IVC Group, Polyflor, Pergo
Shifting focus on infrastructure devel opment on residential, commercial, hospitability, sports and healthcare industries will drive the flooring market growth. Necessity for floor protection coupled with rising demand for efficient and visually appealing products has enhanced the product demand.
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Flooring Market size is estimated to exceed USD 450 Billion by 2024. Rising construction spending on residential as well as non-residential buildings particularly in emerging nations will propel the industry growth. Global construction spending is anticipated to reach USD 16 Trillion by 2024. China leads the global infrastructure development with over USD 2 Trillion by 2024.
High product penetration in industrial applications including automobile, aerospace, aviation and electronic appliances will propel the flooring market size. Rapid urbanization accompanied by changing consumer lifestyles will create new opportunities for industry demand.
LVT will witness CAGR over 6% up to 2024. Improved comfort, resilience, environmental safety and ease of installation are the key properties fueling the product penetration. Additionally, wide range product portfolio due to ease in designing will open lucrative opportunities for business growth.
Global flooring market share was led by soft coverings with accounting for over 35% in 2016. Rising demand for carpet & rugs particularly in housing and offices will drive the demand. Reduced noising effect and dust binding are the key properties stimulating the product scope.
Industrial segment is expected to surpass USD 20 billion by 2024. Shifting manufacturer preference towards product enduring heavy duty operations will support the industry demand. Rising demand from chemical, automotive, food, manufacturing and transportation industries due to its benefits including abrasion and impact resistance.
Residential application will witness growth over 5.5% up to 2024. Recovery of housing sector particularly in the U.S. and Europe will fuel the product demand. Increasing renovation projects along with rising demand for decorative floor coverings are the major factors fueling the industry growth.
Europe flooring market was valued over USD 70 Billion in 2016. Increasing construction output along with rising demand for green buildings are the key driving factors of the industry growth. Economic development accompanied by inclination towards tourism development will drive the regional demand.
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APAC flooring market was worth more than USD 110 billion in 2016. Growing population has enhanced the demand for residential constructions particularly in China and India. Increasing manufacturing facilities due to socio economic benefits will propel the product demand from industrial applications.
North America flooring market is expected to witness growth over 5% up to 2024. Growth in construction industry along with increasing investment on restoration of deficient structures will drive the regional demand.
Global industry share mainly includes Mohawk Industries, Tarkett, Shaw Floors, Armstrong, Mannington Mills and Marazzi Group. Presence of large number of regional manufacturers keeps the global industry share fragmented. Product innovations, portfolio expansion, joint ventures and acquisitions are the major strategies adopted.
Table of Content:
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definitions & forecast parameters
1.2. Data sources
1.2.1. Secondary
1.2.2. Primary
Chapter 2. Executive Summary
2.1. Flooring industry 3600 synopsis, 2012 –2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. Regional trends
Chapter 3. Flooring Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2012 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Profit margin trends
3.3.3. Distribution channel analysis
3.4. Regulatory landscape
3.4.1. U.S.
3.4.2. Europe
3.4.3. China
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. Rise in construction spending
3.5.2. Industry pitfall & challenges
3.5.2.1. Disposal of waste
3.6. Growth potential analysis
3.7. Price trends
3.7.1. Historical & forecast
3.7.1.1. North America
3.7.1.2. Europe
3.7.1.3. APAC
3.7.1.4. LATAM
3.7.1.5. MEA
3.7.2. Cost structure analysis
3.8. Porter's analysis
3.9. Flooring key competitor share analysis, 2016
3.9.1. Global market share analysis
3.9.2. Europe market share analysis by product
3.9.2.1. European manufacturer company market share by Carpets, 2016 (%)
3.9.2.2. European manufacturer company market share by Ceramics, 2016 (%)
3.9.2.3. European manufacturer company market share by Vinyl, 2016 (%)
3.9.2.4. European manufacturer company market share by Wood, 2016 (%)
3.9.3. Strategy dashboard
3.9.4. Key Stakeholders
3.10. PESTEL analysis
Chapter 4. Flooring Market, By Product
4.1. Global flooring market share by product, 2016 & 2024
4.2. Soft coverings
4.2.1. Market estimates and forecast, 2012 - 2024
4.2.2. Market estimates and forecast, by region, 2012–2024
For more information on this report at: https://www.marketstudyreport.com/reports/flooring-market/?utm_source=Openpr.com-SP
Related Report:
2018-2023 Global Resilient Flooring Consumption Market Report
This report presents a comprehensive overview, market shares, and growth opportunities of Resilient Flooring market by product type, application, key manufacturers and key regions. Resilient Flooring will register a 7.0% CAGR in terms of revenue, reach US$ 16600 million by 2023, from US$ 11100 million in 2017.
https://www.marketstudyreport.com/reports/2018-2023-global-resilient-flooring-consumption-market-report/?utm_source=RR-SP
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