Hard Surface Flooring Market Revenue Growth Predicted by 2016-2024

The demand for hard surface flooring is predicted to increase in the years to come across many regions. This is because of the rebound in residential improvements, housing completions, and repair expenditures. Recession in building construction projects had affected the global demand for hard surface flooring. However, the recovery of the building construction market from the recession has benefited the market. Advancements in the construction spending have also assisted the growth of the global hard surface flooring market. Currently, the residential construction market is driven by revolutions in the global housing industry, which is one of the major factor expected to propel the global hard surface flooring market.

Earlier, preference was given to rugs and carpets, but today the preference is for hard surface floorings. This is because hard surface floorings are more durable and visually pleasing. The demand for hard surface flooring is expected to increase not only from the residential market but also from the non-residential sectors such as offices, commercial buildings, and industries. This is expected to further propel the global demand for hard surface floorings. Factors such as longer durability and minimum maintenance have increased the popularity of hard surface floorings than the carpets and rugs. The non-residential market is supporting the global hard surface flooring market’s growth in a big way.

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Based on product type, the global hard surface flooring market is classified into resilient flooring and non-resilient flooring. The report focuses on key companies operating in the global hard surface flooring market. For a competitive analysis, the report had divided the global market into many segments and sub-segments. The research briefs readers about the changing trends and dynamics in the market. It uses SWOT analysis and graphics to better study the strengths, weaknesses, opportunities, and threats of the market. Analysts use a forward-looking perspective to study the global hard surface flooring market.

Overview of the Hard Surface Flooring Market

The resilient flooring product segment is classified into vinyl flooring, vinyl sheet, vinly composition tile, rubber flooring, cork flooring, asphalt flooring, linoleum flooring, and others. The non-resilient flooring product segment is sub-divided into seamless flooring, wood flooring, and laminate flooring. Key companies are concentrating on introducing new kinds of hard surface floorings to meet the changing demands and trends. By market type, the global hard surface flooring market is divided into residential building, non-residential building, and transportation equipment.

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The rising application of hard surface flooring in transportation equipment is a key factor expected to propel the global market in the long run.

By region, the global hard surface flooring market is divided into Asia Pacific, Europe, North America, and Rest of the World. Key players are spreading their services across various regions, which is another factor expected to contribute towards the growth of the global market.

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