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Flooring Market Business Growth 2019-2024| Top Players - Gerflor, Tarkett, Interface, Mohawk Industries, Marazzi Group.
Flooring Market
North America will register substantial growth in the flooring market owing to the rising urban population and home dwellers in the region. High requirement for upgradation of conventional infrastructures into new constructions with the use of advanced materials will escalate the industry size. Increasing government spending for the development of smart city projects will accentuate the industry size.
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Flooring Market is estimated to surpass USD 450 billion by 2024; according to a new research report. Proliferating residential and commercial construction operations in the emerging countries along with rising urbanization and industrialization across the globe are major drivers for flooring market growth. Increasing renovation & remodeling activities coupled with the shifting consumer inclination towards new interiors and floor designs will propel product share over the projected timeframe.
Flooring Market by Product: -
• Soft coverings
• Resilient flooring
1. LVT (Luxury Vinyl Flooring)
2. VCT (Vinyl Composite Tile)
3. Vinyl sheet
4. Fiberglass
5. Linoleum
• Others (Cork, asphalt flooring)
1. Non-resilient flooring
2. Ceramic flooring
3. Stone flooring
4. Others (Wood, laminate)
• Seamless flooring
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Residential segment is projected to witness substantial growth owing to the increasing constructions across the globe. Manufacturers focus on introductions of new product designs to engage customers in house remodeling. Rising consumer preferences for innovative and attractive flooring solutions will escalate the segment growth. Government authorities involve in strategic investments for residential constructions projects that will further support the product growth over the study timeframe.
Key players in the flooring market include Mohawk Industries, Shaw Industries Group, Inc, Armstrong Flooring, Marazzi Group, Beaulieu, Mannington Mills and Tarkett. Other notable players include IVC Group, Gerflor, Polyfor, Interface Inc, Delconca and Flowcrete. Industry players are involved in strategic acquisition for increasing their business operations with new product portfolios and manufacturing facilities. For instance, May 2016, Shaw Industries Group, Inc. announced the acquisition of US Floors, Inc to enhance their positioning in resilient luxury vinyl tile and hard surface products
Related News - https://www.prnewswire.com/news-releases/flooring-market-value-to-surpass-usd-450-billion-by-2024-global-market-insights-inc-300913891.html
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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