Press release
Flooring market size forecast to reach USD 418.86 billion by 2022
Flooring market size is estimated to be valued at USD 418.86 billion by 2022, as per a new research report by Global Market Insights, Inc. Innovative solutions in construction coupled with escalating demand for insulation is likely to boost global demand.Soft coverings market size was the largest revenue generator, and the segment was valued USD 90.75 billion in 2014. It is anticipated to grow at 6.2% CAGR from 2015 to 2022 due to its dust-binding characteristics, noise-reducing effect and offers comfort. Non-resilient flooring market was over 30% of the share in 2014.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/122
Increasing need in the construction industry has positively impacted consumption. There exist various innovative solutions that are durable and require low maintenance as compared to other conventional materials such as stone, ceramic and wood. As a result, consumers are adopting more cost effective and eco-friendly solutions.
Rise in urbanization along with evolving consumer lifestyles is expected to be a significant opportunity for industry participants. Development of hassle-free installation techniques and availability of innovative construction solutions coupled with growing demand for environmentally sustainable products are among major flooring market trends.
Presently, designers are seeking out eco-friendly materials for their clients; this has led to the development of several environmentally viable choices. Lack of awareness among consumers coupled with environmental concerns is likely to hamper demand over the next six years.
Browse key industry insights spread across 140 pages with 75 market data tables & 61 figures & charts from the report, “Flooring market”:
https://www.gminsights.com/industry-analysis/flooring-market-size
Key insights from the report include:
The flooring market was 193.51 billion square feet in 2014; it will grow at 6.0% CAGR to reach 314.47 billion square feet by 2022.
Industrial flooring market size was valued at over USD 12 billion in 2014 and is expected to surpass USD 20 billion by 2022. Residential sector is expected to grow at a compound annual growth rate of 7.2% from 2015 to 2022 owing to home renovation and improvement projects.
Asia Pacific flooring market share was more than 40% of the global demand in 2014. Surging real-estate industry and developing infrastructure facilities are driving the demand growth in this region.
Recovery in the housing sector is expected to favorably impact the mature North America and Europe flooring market. There is a high degree of competition from Chinese players, and European manufacturers expect strong potential in high-end segments. Increasing labor and energy costs coupled with reduced export subsidies may pose a challenge to industry participants.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/122
Key flooring manufacturers include Mohawk Industries, Shaw Industries, Beaulieu of America and Interface. Other manufacturers include Congoleum, Interface Inc, Armstrong World Industries, Mannington Mills Inc, Pergo, and Polyfor Ltd.
The industry is highly competitive on account of considerable initiatives undertaken by suppliers to provide enhanced solutions and drive product differentiation. Major industry participants focus on developing eco-friendly, cost effective, durable and low maintenance solutions for an array of applications.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
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 Flooring market size forecast to reach USD 418.86 billion by 2022 here
News-ID: 532585 • Views: …
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products.
Prenatal vitamin ingredients can…
More Releases for USD
$100,000,000 USD job contract for travel - $3,000,000 USD referral commission.
Khoja Consultants invites companies, teams or venture capitalists for a $100,000,000 USD contract for travel. The selected company will be providing all accommodations and expenses for a 6-month long business trip around the world. Khoja Consultants expects five-star treatment including close security with private planes, hotels, secured vehicles and helicopters if necessary. More details on the job contract and application are provided at - www.KhojaConsultants.com.
There is a $3,000,000…
Primary Alkaline Batteries Market Worth USD 14.58 Billion USD by 2026
The Global Primary Alkaline Batteries market size was valued at 10.31 Billion USD in 2019 and is projected to reach 14.58 Billion USD by 2026, at a CAGR of 5% during the forecast period.
An Primary Alkaline Batteries is a type of primary battery, which derives its energy from the reaction between zinc metal and manganese dioxide.
Get Detailed Analysis of COVID-19 Impact on Primary Alkaline Batteries Market @ https://reports.valuates.com/request/sample/QYRE-Othe-0I169/Global_Primary_Alkaline_Battery_Market
This report presents…
IOT Solutions Market worth USD 553.9 million USD by 2026
"The global IoT solutions market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa."
These days many businesses are adopting a market research report…
Eubiotics Market Set to Exceed USD USD 8.60 Billion by 2026
According to a new study published by Polaris Market Research the global eubiotics market is anticipated to reach USD 8.60 billion by 2026. The tightening and stringent restrictions on the use of antibiotic growth promoters along with the surging consumer pressure on food safety and consumer preferences are expected to be the major factors driving demand for these products that work as substitutes to in-feed eubiotics.
Eubiotics or specific organic…
Polyurethane Dispersions Market worth USD 2.04 Billion USD by 2020
The report " Polyurethane Dispersions Market by Type (Water-Based Polyurethane Dispersions and Solvent-Based Polyurethane Dispersions), by Application (Coatings, Adhesives & Sealants, Synthetic Leather Production, Fiber Glass Sizing, and Others) - Trends & Forecasts to 2020", The global polyurethane dispersions market is projected to reach USD 2.04 Billion by 2020 at a CAGR of 6.8% between 2015 and 2020. This growth is fueled by the high potential from the textile and…
Retail Analytics Market worth USD 5.1 Billion USD by 2020
According to a new market research report "Retail Analytics Market by Business Function (Marketing and Customer Analytics, Merchandizing and In-Store Analytics, Supply Chain Analytics, Strategy and Planning), by Type, by Solutions and by Services - Global Forecast and Analysis to 2020", defines and segments the global retail analytics market on the basis of business function, solutions, services, deployment types, and regions along with providing an in-depth analysis and market size…
