Indoor Flooring Market Grow at a 4.9% CAGR to Reach US$ 210.66 Million by 2028

According to our latest market study on "Indoor Flooring Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type and End User," the market was valued at US$ 146.90 billion in 2020 and is projected to reach US$ 210.66 billion by 2028; it is expected to grow at a CAGR of 4.9% from 2021 to 2028.

Home renovation and remodeling activities are increasing in many countries, which can be mainly attributed to growing government support for the same, especially in the developed countries. For instance, in Europe, the National Energy Efficiency Action Plan aims to foster investments in the repair and remodeling of residential and commercial buildings. Moreover, according to the Leading Indicator of Remodeling Activity by the Remodeling Futures Program, repair and renovation spending in the US is expected to increase from 6% in the first quarter of 2018 to 6.3% by the end of the second quarter of 2018.

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Indoor Flooring Market - Company Profiles

Forbo International SA
Mats Inc.
Tarkett
Armstrong Flooring, Inc.
Beaulieu International Group
Ecore International
Interface, Inc.
Toli Corporation
Mohawk Industries, Inc.
Shaw Industries Group, Inc.

The willingness to spend substantial amounts on the styling of living spaces has attracted the focus of consumers toward home furnishings such as carpets and rugs that enhance the aesthetic appeal of interiors. This shift is supported by the rise in consumer income levels, changes in lifestyles, and adoption of different cultures in terms of interior decor. Floor coatings such as ceramic tiles, carpets, vinyl, and linoleum, as well as rubber, wood, and laminate are applied on surfaces to impart slip resistance properties to them. Besides offering slip resistance, they provide anti-vibration, antistatic, and waterproof properties. Coatings such as epoxy coatings increase the durability of concrete floors. Epoxy, polyurethane, and acrylic coating on concrete floors make them capable of withstanding a considerable amount of static and dynamic loads. Floor coatings also prevent wear and tear on the surface of these floors. As floor coatings are resistant to cleansers, oils, chlorides, water, snow, ice, hail, transmission fluids, and bleaches, they are increasingly being used to overlay the floors of parking spaces, garages, and car showrooms. Moreover, they are used to enhance the aesthetics of floors in houses. Metallic pigments are added to the indoor flooring materials to create a metallic swirl effect. Further, there is a growing trend of adding vinyl color flakes and metallic pigments to add a rich color layer and texture to the floor surface. Thus, the above-mentioned factors are likely to boost the growth of market.

The latest research report on the "Indoor Flooring Market - Industry Analysis, Market Size, Opportunities and Forecast, 2021 - 2028" provides a comprehensive assessment of the Indoor Flooring market for the forecast period from 2021 to 2028. The investigative report provides a detailed analysis of the impact of COVID-19 on various segments in the Indoor Flooring market based on product type, application, and end-use across numerous countries around the world. Further, the report also provides insights into market developments, trends, supply and demand changes across various regions across the globe. Thereby, the report provides a holistic view on the Indoor Flooring Market in order to help decision makers with various strategic insights and future outlook. The Indoor Flooring market is expected to witness continued growth during the forecast period from 2021 to 2028.

This is a professional and in-depth study on the current state of the Indoor Flooring Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Indoor Flooring Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.

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Note - The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on 'Indoor Flooring Market' provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

The report segments the global Indoor Flooring Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Indoor Flooring Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

The report focuses on global major leading Indoor Flooring Market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.

The global indoor flooring market has been segmented as follows:

Global Indoor Flooring Market - by Type
Ceramic Tiles
Carpet
Vinyl Linoleum & Rubber
Wood & Laminate
Others

Global Indoor Flooring Market - by End User
Residential
Non-Residential

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Reasons to Buy
• Highlights key business priorities to assist companies realign their business strategies.
• Features key findings and crucial progressive industry trends in the global Indoor Flooring market, thereby allowing players to develop effective long-term strategies.
• Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
• Scrutinizes in-depth market trends as well as key market drivers and restraints.
• Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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