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Flooring Market worth $670.36 billion by 2030, growing at a CAGR of 6.32% - Exclusive Report by 360iResearch

02-26-2024 10:10 AM CET | Industry, Real Estate & Construction

Press release from: 360iResearch

Flooring Market | 360iResearch

Flooring Market | 360iResearch

The "Flooring Market by Material (Non-Resilient Flooring, Resilient Flooring, Soft Floor Covering or Carpets & Rugs), End Use (Commercial, Industrial, Residential) - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global Flooring Market to grow from USD 410.46 billion in 2022 to USD 670.36 billion by 2030, at a CAGR of 6.32%.

Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/flooring?utm_source=openpr&utm_medium=referral&utm_campaign=sample

Flooring refers to covering a floor or installing such a cover, providing both aesthetic and practical benefits. Flooring significantly contributes to an interior space's overall look and feel, influencing the ambiance and decor. Rapid urbanization, increased home renovation projects, and rising commercial construction investment have driven the flooring market in past years. Additionally, a growing emphasis on interior design and aesthetics in residential and commercial buildings supports the expansion of the flooring market. However, the high cost of premium materials can deter customers, especially in price-sensitive markets. In addition, installation challenges and the need for skilled labor can limit the penetration of flooring products worldwide. Nevertheless, the introduction of advanced, durable, and cost-effective materials and increased adoption of luxury vinyl tile (LVT) due to its realistic designs and ease of maintenance is expected to augment the adoption of flooring in the coming years.

The Americas represents a robust demand for eco-friendly and sustainable flooring solutions, primarily due to increasing environmental consciousness among consumers and stringent regulatory standards. Moreover, increased commercial real estate investment has increased demand for high-quality, durable flooring. The Asia Pacific region is witnessing rapid urbanization and a booming construction sector, propelling the demand for flooring products. The adoption of luxury flooring within the burgeoning middle-class population and the availability of diverse flooring materials is expanding the usage of flooring products in the Asia-Pacific region. In European Union countries, a strong preference for energy-efficient and sustainable materials and increasing renovation activities in older residential and commercial buildings drive the demand for modern flooring solutions. GCC countries are seeing significant investment in new development, with huge investment in infrastructural development, creating positive prospects for the flooring market in the coming years.

Market Segmentation & Coverage:

This research report categorizes the Flooring Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Material, market is studied across Non-Resilient Flooring, Resilient Flooring, and Soft Floor Covering or Carpets & Rugs. The Non-Resilient Flooring is further studied across Bamboo, Ceramic Tiles, Laminate, Stone, Terrazzo, and Wood. The Resilient Flooring is further studied across Cork, Linoleum, Resin, Rubber, and Vinyl. The Resilient Flooring commanded largest market share of 47.23% in 2022, followed by Non-Resilient Flooring.

Based on End Use, market is studied across Commercial, Industrial, and Residential. The Commercial commanded largest market share of 58.86% in 2022, followed by Residential.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 38.79% in 2022, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Flooring Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Flooring Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Flooring Market, highlighting leading vendors and their innovative profiles. These include Abet Laminati S.p.A., Adore Floors Inc., AHF, LLC, American Biltrite Inc., Barlinek S.A., Bauwerk Group AG, Beaulieu International Group, Congoleum Corporation, Daejin Co., Ltd., Daiken Corporation, Forbo Holding AG, Gerflor Group, Goodfellow Inc., Greenlam Industries Ltd., Impermo-Stultjens NV, Interface, Inc., Jiangsu Taide Decoration Materials Co., Ltd., Kronospan Limited, Kährs Holding AB, LX Hausys, Ltd., Mannington Mills, Inc., Mercier Wood Flooring, Milliken & Company, Mohawk Industries, Inc., Raskin Industries LLC, Responsive Industries Limited, Shaw Industries Group, Inc., Swiss Krono Group, Tarkett S.A., Toli Corporation, Trelleborg AB, Victoria PLC, Wellmade Floor Coverings International, Inc., and Zhejiang Hailide New Material Co., Ltd..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Flooring Market, by Material
7. Flooring Market, by End Use
8. Americas Flooring Market
9. Asia-Pacific Flooring Market
10. Europe, Middle East & Africa Flooring Market
11. Competitive Landscape
12. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Flooring Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Flooring Market?
3. What is the competitive strategic window for opportunities in the Flooring Market?
4. What are the technology trends and regulatory frameworks in the Flooring Market?
5. What is the market share of the leading vendors in the Flooring Market?
6. What modes and strategic moves are considered suitable for entering the Flooring Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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