Hard Surface Flooring Market : Analysis, Growth, Segmentation and Global Forecast to 2023

Market Highlights
The market of hard surface flooring is driven by the expanding construction sector in the Asia Pacific region. The region has seen supportive government policies and regulations to boost the infrastructure and residential construction market. Countries such as India, have seen relaxation of FDI in construction, attracting foreign investments in the country. The country offers opportunities for construction companies, along with various subsidies and exemptions to help the company establish. Furthermore, flooring in the last few years has gained popularity in the Asian markets, due to shift in preferences from normal flooring to designed and decorative flooring, especially vinyl flooring. The resilient flooring segment is expected to expand share in the region, in future.
Hence, global hard surface floorings market is expected to grow at a CAGR of 5.12% during the forecast period.

The increase in the private construction activities in the recent years, is leading to an increase in demand for hard surface flooring.

Market Research Analysis
For this study, the global hard surface flooring market has been segmented on the basis of products, and applications. On the basis of product, the market has been segmented as resilient flooring and non-resilient flooring. The resilient flooring takes into account products such as vinyl flooring, vinyl sheet, and rubber flooring. Non-resilient flooring further includes seamless flooring, wood flooring, and laminate flooring. The resilient flooring segment is expected to lead the market due to rapid growth in vinyl flooring sub-segment. Vinyl flooring have gained popularity due to increased aesthetic values in construction, and shift in demand from regular flooring to the new age flooring. Based on applications, the market has been segmented as residential and non-residential. Residential segment accounted for the largest market share. It is due to increasing urbanization, especially in developing nations such as India and Indonesia. This transition leads to the increasing demand for homes and residential construction. This drives the demand for hard surface flooring in the residential segment. Increased investment in new commercial constructions and renovation projects, also lead to the increase in the demand for this segment.

Get Complete Report @ https://www.marketresearchfuture.com/sample_request/4739

The Prominent Players in the global hard surface flooring market include
• Mohawk Industries (U.S.),
• Armstrong World Industries, Inc. (U.S.),
• Mannington Mills Inc. (U.S.),
• Shaw Industries Group (U.S.),
• Beaulieu International Group (Belgium),
• Marazzi Group S.r.l (Italy),
• Berry Floor NV (Italy),
• Burke Industries (U.S.),
• Roppe Corporation (U.S.),
• Surface America (U.S.),
• Tarkett SAS (France),
• TOLI Corporation (Japan),
• Windmöller Flooring Products WFP GmbH (Germany).

Asia Pacific region accounts for the fastest growing market in global hard surface flooring market
Geographically, the global hard surface flooring market has been divided into four major regions, and they are North America, Europe, Asia Pacific and Rest of the World. Asia Pacific accounted for the largest growing region in hard surface flooring market, followed by North America and Europe. Increasing up gradation, and repair & rehabilitation of the existing infrastructure, are driving the growth of the market in Europe. Asia Pacific is expected to grow at the highest CAGR during the forecast period due to increase in construction activities in countries such as China, Indonesia, and India. It is considered the major factor fueling the growth of the market. Additionally, increase in industrialization, rising urbanized population, and growth in spending capacity, are the factors leveraging the growth of the market in Asia Pacific region. China is one of the leading markets in the Asia Pacific region. The government of China has issued several favorable policies to lower the proportion of down payment for second house loans, and for exempting of sales tax for ordinary housing. This helped the recovery of commercial housing market. This is expected to provide positive influence on the growth of the market.

North America is considered, a matured market for construction, which leads to stable growth in the flooring market. There has been a growth private construction market, especially in the renovation and re-construction. The market in the region is majorly dominated by the U.S. Furthermore, Europe is the largest market after North America. Germany and U.K. are the major markets in Europe. In U.K., the values of both public and private sectors construction, are increasing, continuously. This will create huge demand for hard surface flooring market in future.

Get Complete Report @ https://www.marketresearchfuture.com/reports/hard-surface-flooring-market-4739

For this study, the global hard surface flooring market has also been divided on the basis of products, and applications. On the basis of products, the market has been segmented as resilient flooring and non-resilient flooring. Resilient flooring includes products such as vinyl flooring, vinyl sheet, and rubber flooring. Non-resilient flooring includes seamless flooring, wood flooring, and laminate flooring while the resilient flooring segment is expected to lead the market due to rapid growth in vinyl flooring sub-segment. Vinyl flooring has gained popularity over the years due to increased aesthetic values in construction and changing consumer preferences. Based on applications, the market has been segmented as residential and non-residential. The residential segment accounted for the largest market share. Due to the increasing population and urbanization, there has been a shift in the population in the urbanized areas, especially in developing nations. This transition leads to the increasing demand for homes and residential complexes. This drives the demand of the hard surface flooring in this sector. Non-residential segment is projected to grow at the highest CAGR during the forecast period due to increased investment in new commercial constructions and renovation projects

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.