Flooring Market Size to be Driven by Expansion USD 448.7 billion by 2029 at a 3.68% CAGR | Mohawk Industries, Shaw Industries, Tarkett, Armstrong Flooring

Exactitude Consultancy Market Research analyses that the Flooring Market will witness a CAGR of 3.68% for the forecast period of 2023-2029 and is likely USD 324.2 billion in 2022 to reach at USD 448.7 billion by 2029.

Flooring is any layer of finish material applied over a floor structure to provide a permanent covering. It is also used to enhance the esthetic appeal of floors. Common flooring materials include vinyl sheets & tiles, carpets & rugs, laminates, natural stone, wood, ceramic tiles, and rubber. Flooring can be resilient, non-resilient, and soft cover. Wood flooring can last for more than a century and not go out of style. Floorboards can be sanded and recoated multiple times. This makes it possible to refurbish old floors and make them look new again. Various types of floorings available in the market include vinyl flooring, laminate flooring, linoleum flooring, and hardwood flooring.

Request a Sample PDF Including Full TOC, a List of Tables & Figures, and a Chart:

https://exactitudeconsultancy.com/reports/7196/flooring-market/?mode=P166#request-a-sample

Flooring Market Dynamics

Flooring Market Drivers

Increasing Demand for Vinyl Flooring in Residential and Non-residential Buildings to Drive Market

The vinyl is utilized as a multipurpose material in tiling applications, wherein luxury vinyl tile is majorly used. It is preferred in applications where accidental spills are the main issues, as it offers moisture and mold resistance. In addition, this finishing material is increasingly gaining popularity in both residential and non-residential buildings owing to its lower cost, easy installation, and durability. Hence, the rising use of vinyl in residential and non-residential buildings will surge this market.

Rising Need for Multistory Buildings to Drive the Demand for Flooring Products

There is a growing preference for multistory buildings in both residential and commercial sectors. The demand for multistory residential buildings is driven by the increasing population and consumer spending. Similarly, the growth of commercial multistory buildings can be attributed to the ongoing industrialization and urbanization in developing economies. Moreover, government initiatives aimed at developing smart cities are anticipated to boost the market demand for multistory buildings. Furthermore, the rapid expansion of the real estate sector has also played a significant role in the increased demand for multistory buildings. Consequently, these favorable factors contribute to the rise in the demand for tiling in this projected period.

Flooring Market Restraints

Environmental Concerns Surrounding the Product's Waste Management to Restrict Market Growth

The improper management of disposing and recycling of waste generated during the production or after-use of finishing materials is anticipated to hinder the market growth. Improper waste management can cause serious negative environmental impacts such as harmful infectious diseases, obstruction of drains, land and water pollution, and loss of biodiversity. The aforementioned factors could hamper the market development to some extent.

Prominent Key players of the Flooring Market survey report:

Historical data available in the report elaborates on the development of the Flooring on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are - Mohawk Industries, Shaw Industries, Tarkett, Armstrong Flooring, Forbo, Gerflor, Interface Beaulieu International, TOLI Corporation, Milliken & Company, and others.

Flooring Market Recent Developments

In June 2022, Mohawk Industries, Inc. entered into an agreement to purchase the Vitromex ceramic tile business from Grupo Industrial Saltillo for approximately US$ 293 Mn in cash
In April 2022, Blanchon Group acquired RIGO, a company specializing in design and manufacturing of finishing products for wood and paints for heritage buildings
In February 2022, Paceline Equity Partners, LLC, the U.S.-based private equity manager, acquired AHF Products, a leading hard surface flooring manufacturer

Flooring Market Segmentation:

Flooring Market by End-Use, 2023-2029, (USD Millions)

Residential

Non-Residential

Flooring Market by Materials, 2023-2029, (USD Millions)

Resilient Flooring

Vinyl (LVT, VCT, Vinyl Sheet, And Fiberglass)

Others (Cork, Linoleum, Rubber, And Resin)

Non-Resilient Flooring

Ceramic Tiles

Wood

Laminate

Stone

Others (Bamboo And Terrazzo)

Carpets & Rugs

The regional outlook by revenue covers the countries namely:

✦ North America (United States, Canada and Mexico)

✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

✦ South America (Brazil, Argentina, Colombia, and Rest of South America)

✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

Read Full Report with TOC:

https://exactitudeconsultancy.com/reports/7196/flooring-market/?mode=P166

Key Features of the Flooring Market Report: -

⇨  Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.

⇨  Examine the market opportunities for stakeholders by identifying higher growth sections.

⇨  To study and analyse the global Flooring industry status and forecast including key regions.

⇨  An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

⇨  It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

⇨  It helps you make strategic business decisions and investment plans.

Competitive Landscape

Competition has been growing for the Flooring industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.

Highlight the Following Key Factors:

► Business Description: a particular description of agency operations and enterprise departments.

► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.

► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.

► Company History: The development of predominant occasions associated to the company.

► Main merchandise and services: A listing of the company's fundamental products, services, and brands.

► Main Competitors: A listing of the company's fundamental competitors.

► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.

► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.

Table of Contents

Global Flooring Market Research Report 2023-2029

1 Flooring Market Overview

1.1 Product Overview and Scope of Flooring

1.2 Flooring Segment by Type (Product Category)

1.3 Global Flooring market Segment by Application

1.4 Global Flooring Market by Region (2023-2029)

1.4.1 Global Flooring Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)

1.4.2 North America Status and Prospect (2023-2029

1.4.3 Europe Status and Prospect (2023-2029)

1.4.4 China Status and Prospect (2023-2029)

1.4.5 Japan Status and Prospect (2023-2029)

1.4.6 Southeast Asia Status and Prospect (2023-2029)

1.4.7 India Status and Prospect (2023-2029)

1.5 Global Market Size (Value) of Flooring (2023-2029)

1.5.1 Global Flooring Revenue Status and Outlook (2023-2029)

1.5.2 Global Flooring Capacity, Production Status and Outlook (2023-2029)

…

Why Choose Flooring Market Report?

✔ Unbiased conclusions and market insights

✔ 24×7 customer service available to address client queries

✔ Highly efficient and experienced team of analysts striving to create top-quality reports

✔ Our reports have facilitated the growth of over 500 companies

✔ The systematic and methodical market research process

Thank you for your interest in the Flooring Market research publications; you can also get individual chapters or regional/country report versions such as Germany, France, China, Latin America, GCC, North America, Europe or Asia.

About Us

Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.

Contact us

for your special interest research needs at sales@exactitudeconsultancy.com and we will get in touch with you within 24hrs and help you find the market research report you need.

Contact: Irfan Tamboli

Phone Number: +91-7507-07-8687

Website: https://exactitudeconsultancy.com/

This release was published on openPR.