Flooring Market Worldwide Industry Growth, Size, Statistics and Opportunity During 2020 to 2026
The global Flooring market was valued at 31300 million US$ in 2018 and will reach 48400 million US$ by the end of 2025, growing at a CAGR of 5.6% during 2019-2025.
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Global Flooring Market Analysis Report includes Top Companies: Mohawk Industries (US), Shaw Industries (US), Tarkett (France), Armstrong Flooring (US), Forbo (Switzerland), Gerflor (France), Interface (US), Beaulieu International (Belgium), TOLI Corporation (Japan), Milliken & Company (US) along with their company profile, growth aspects, opportunities, and threats to the market development. Flooring Market report will enlist all sections and research for each and every point without showing any indeterminate of the company.
Recent Industry Developments:
In March 2018, Interface Inc. introduced a new global luxury vinyl tile (LVT) collection, Native Fabric, expanding its modular resilient flooring offerings. Native Fabric offers a modern take on the timeless grass cloth design in a variety of shades infused with a woven metallic threading.
In January 2018, Tarkett Group acquired the assets of Grassman, a leading Australia-based synthetic turf manufacturer, through its FieldTurf subsidiary
In January 2017, Armstrong World Industries, Inc. Completed the Acquisition of Tectum, Inc. Tectum, Inc is an Ohio-based manufacturer of acoustical ceilings, walls, and structural solutions for commercial building applications.
Regional Analysis For Flooring Market:
Asia Pacific dominated the market in 2019 because of high construction costs in China and India. Non-resistant tiles has been leading the regional growth, but changing customer preferences demand product variety and better design is likely to have a positive impact on the growth of the regional market in the years to come. China leading the growth of the regional construction industry on account of major construction projects in the country. In addition, the construction industry in India is expected to make a significant contribution, due to government reforms to its development. Housing for All program with the government of India is anticipated to support the demand for flooring market.
Europe contributed high growth rate due to presence of the leading manufacturers in the region coupled with technological advances tend to support regional growth in the near future.
In North America, demand for resilient flooring stood at USD 63.5 billion and is anticipated to accelerate at a CAGR of 5.4% over the forecast period. construction industry established in the US and Canada combined with rising demand for single-family homes tend to provide growth opportunities for the market.
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Global Flooring Market Split by Product Type and Applications:
This report segments the global Flooring market on the basis of Types are:
Carpets & Rugs
Resilient (Vinyl, Cork, Linoleum, Rubber, Resin)
Non-resilient (Ceramic, Stone, Wood, Laminate)
On the basis of Application, the Global Flooring market is segmented into:
This study mainly helps to understand which Flooring market segments or Region or Country they should focus in coming years to channelize their efforts and investments to maximize Growth and profitability. The report presents the market competitive landscape and a consistent in depth analysis of the major vendor/Flooring players in the market.
Important Features that are under Offering and Highlights of the Flooring Market Reports:
- Detailed overview of Market
-This report provides pin-point analysis for changing competitive dynamics.
- In-depth market segmentation by Type, Application etc
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Flooring Market
- Strategies of Flooring Market players and product offerings
- Potential and niche segments/regions exhibiting promising growth
Finally, Flooring Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
Flooring Market report includes the estimation of market size for value (million USD) and volume (M Sqm). Both Top-down and bottom-up approaches have been used to estimate and validate the market size of Flooring Market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
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How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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