openPR Logo
Press release

Philippines Flooring Market (2023-2029) | 6Wresearch

10-02-2023 10:30 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: 6wresearch

Philippines Flooring Market Overview

The Philippines Flooring Market has been growing steadily in the past few years, however, it did take a toll during the pandemic due to heavy lockdowns across the country, majorly The industry has been getting its share of the revenue from the residential sector as the Philippines is one of the most densely populated areas, Filipinos prefer to live in Condominiums or Single houses which are mostly floored, with the most popular choice being the non-resilient flooring types, other than this, Government initiatives like "Build Build Build" has ushered a new era for the infrastructural development of Philippines in recent years, also, with a high foreign tourist footfall, Philippine government is making sure that the country has state of the art infrastructure to support both the local and foreign tourists, thus bringing a high demand for new hotel rooms construction and high-end tourist hotspot which would require high-quality flooring.

According to 6Wresearch, Philippines flooring market revenues are projected to grow at a CAGR of 6.8% during 2023-2029. The Philippine government has initiated several large-scale infrastructure projects such as the Bulacan International Airport and Sangley Point International Airport in Cavite, as well as 11 vertical infrastructure projects. These 11 projects comprise 6 national-level initiatives with a budget of approximately US$27.25 billion and 5 local-level initiatives with a budget of around US$350 million. Vertical infrastructure projects encompass various construction, renovation, or repair activities related to buildings, structures, utilities, site development, and recreational trails. These projects are expected to create a substantial demand for flooring materials. Furthermore, the government aims to modernize intrastate transportation and logistics through the development of world-class railway networks and metros. These initiatives aim to ease the daily commute and reduce travel time for commuters. The successful implementation of these projects will require high-quality flooring materials, which is likely to further boost the market demand for such materials. The future of the Philippines Flooring Industry looks promising.

Request For Sample Report: https://www.6wresearch.com/industry-report/philippines-flooring-market-2020-2026

For Latest Press Release: https://www.6wresearch.com/press-release/philippines-flooring-market-revenues-is-projected-to-grow-at-a-cagr-of-68-during-2023-2029

Market by Product Type
In the Flooring Market in the Philippines, non-resilient flooring dominated in 2022 due to its affordability and popularity among Filipinos. This category includes durable and long-lasting materials such as marble, granite, and ceramic tiles. Resilient flooring, on the other hand, was the second most popular option and is commonly used in the commercial sector. This type of flooring includes rubber flooring and linoleum, which has been on the rise in recent years in the Philippines.

Key Highlights of the Report
Philippines Flooring Market Overview
Philippines Flooring Market Outlook
Philippines Flooring Market Forecast
Historical Data and Forecast of Philippines Flooring Market Revenues & Volume for the Period 2019-2029F
Historical Data and Forecast of Philippines Flooring Market Revenues & Volume, By Product Type, for the Period 2019-2029F
Historical Data and Forecast of UAE Kids Footwear Market Revenues & Volume, By Applications, for the Period 2019-2029F
Philippines Flooring Market Drivers and Restraints
Philippines Flooring Market Trends
Industry Life Cycle
Porter's Five Force Analysis
Market Opportunity Assessment
Philippines Flooring Market Revenue Rankings, By Companies
Competitive Benchmarking
Company Profiles
Key Strategic Recommendations

6Wresearch is the premier, one-stop market intelligence and advisory center, known for its best-in-class business research and consulting activity. We provide industry research reports and consulting services across different industries and geographies which provide industry players an in-depth coverage and help them in decision-making before investing or entering into a particular geography.

Contact Us: Phone: +911143024305 | Email Id: sales@6wresearch.com

Delhi/NCR Office, 614 & 614A, 6th Floor, D Mall, Netaji Subhash Place, Pitampura,

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Philippines Flooring Market (2023-2029) | 6Wresearch here

News-ID: 3230447 • Views:

More Releases from 6wresearch

Exploring Germany Door Handles Market Trends and Insights (2024-2030) - 6Wresearch
Exploring Germany Door Handles Market Trends and Insights (2024-2030) - 6Wresear …
By Product type, the Lever Handle segment accounted for the highest revenue share in 2023 since Lever handles are preferred over other types due to their accessibility, safety in emergencies, and compliance with Equal Opportunity Act (Disability Equality Act - BGG). Their universal design, aesthetic variety, and convenience make them popular for users of all abilities, enhancing both functionality and appeal in door handle selection. According to 6Wresearch, Germany Door Handles
India Mixer Grinder Market Trends: Insights into Revenue, Growth Drivers, and Distribution Channels (2023-2029) - 6Wresearch
India Mixer Grinder Market Trends: Insights into Revenue, Growth Drivers, and Di …
Mixer grinders of up to 550 W generated the highest revenue as it is suitable for mainly individuals and nuclear families in households for grinding and mixing. According to motor capacity, 550 W to 750 W mixer grinder produces moderate revenue as it has multiple uses in residential as well as adopted by mostly low dimension restaurants. According to 6Wresearch, the India Mixer Grinder Market is projected to grow at a
India Printer Market Shipment Tracker CY 2023
India Printer Market Shipment Tracker CY 2023
India Printer Market Overview India Printer Market shows diminishing trend, with a 20.7% decrease in Q4 2023 as compared to Q3 2023, according to the latest research from 6Wresearch. India Printer Market Shipment Volume by Players (CY2023) According to Ravi Bhandari, Head of Consumer Insights and Transformation Strategy, 6wresearch, HP attained the supreme position in the Q4 2023 with a 36.2% share. HP was followed by Epson with a 31.1% share. Other major
New Zealand Fire Door Market (2023-2029) | 6Wresearch
New Zealand Fire Door Market (2023-2029) | 6Wresearch
New Zealand Fire Door Market Synopsis New Zealand Fire Door market has experienced notable growth in recent years, primarily driven by the demand from major commercial and infrastructural projects such as Commercial Bay and The Pacifica. However, during the Covid-19 pandemic, the demand for fire doors in New Zealand experienced a decline, mainly due to government-imposed lockdowns and the closure of offices and malls to curb the spread of Covid-19, resulting

All 5 Releases


More Releases for Philippine

New Era in Consumer Lending Market is growing in Huge Demand in 2020 | Philippin …
The Consumer Lending Market is expected to reach +19% CAGR during forecast period 2020-2026. Consumer lending provides financing for personal, family, or household purposes. The loans can come from a variety of places, including financial institutions or lending platforms, like the aforementioned Prosper and Lending Club. Increase in government initiative toward Consumer lending, and surge in need of reduced loan management time among borrowers and lenders have boosted the growth of
Philippine Defense Market Giants Spending Is Going To Boom
HTF Market Intelligence released a new research report of 103 pages on title 'Philippine Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024' with detailed analysis, forecast and strategies. The study covers key regions and important players such as Raytheon, United Defense Manufacturing Corporation, Leonardo, Remington Arms Company, ELTA Systems Ltd. Request a sample report @ https://www.htfmarketreport.com/sample-report/2412708-philippine-defense-market Summary Philippine Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024 ,
Global Consumer Lending Market is Booming Across the Globe Explored in Latest Re …
The Consumer Lending Market is expected to reach +19% CAGR during forecast period 2020-2026. Consumer lending provides financing for personal, family, or household purposes. The loans can come from a variety of places, including financial institutions or lending platforms, like the aforementioned Prosper and Lending Club. Increase in government initiative toward Consumer lending, and surge in need of reduced loan management time among borrowers and lenders have boosted the growth of
SOFITEL PHILIPPINE PLAZA MANILA WINS MULTIPLE AWARDS IN THE 2018 PHILIPPINE CULI …
Sofitel Philippine Plaza Manila won several awards spanning various categories in the recently concluded Philippine Culinary Cup 2018 (PCC). Held at the SMX Convention Center last August 1 – 4, 2018, Sofitel Philippine Plaza Manila’s master chefs secured multiple awards in the PCC’s Professional Division. Led by Executive Chef Nicholas Shadbolt and under the instruction of team leaders Chinese Chef Michale Tai and Sous Chef Regine Lee, the Sofitel culinary
Reasons for Wide Application of Crusher Hammer in Philippine
DSMAC crusher hammer have a wide application in Philippine in last year. There were several customers who consulted on DSMAC crusher hammer. What’s the reasons for the wide application of crusher hammer in Philippine? The crusher hammer needed includes many models, such as stone crusher hammer, clinker crusher hammer, and so on. In these products, the high chrome crusher hammer is proved to have stronger wear resistance than those use tradition
Sourcing Destination Snapshot: The Emerging Philippine Value Proposition
“The Philippines offers many opportunities as an offshore sourcing destination as well as being well positioned as a regional hub for Asia Pacific.” - Ralph Schonenbach (CEO, Trestle Group) In designing sourcing models, IT and BPO decision-makers literally have a “world” to choose from when it comes to competitive country locations. The unique needs of a business will clearly drive managers to seek out sites capable of satisfying a range