Press release
Flooring Market Global Industry Trend Sight Semaphore Key Players Size Share and Forecast To 2022
Flooring is the permanent covering of a floor. Rapid growth in construction industry across the globe is primarily driving the global flooring market. Additionally, rise in home improvement and renovation projects are also fueling the growth of the market. However, effective disposal of flooring waste may hamper the growth of global flooring market. A considerable amount of flooring waste is generated by both new installations and replacement procedures, leading to monetary losses for the consumers. Global flooring market is expected to grow at CAGR of 5% by 2022.
Market Semaphore:
Data integration and capabilities are analyzed to support the findings and study the predicted geographical segmentations. Various key variables and regression models were considered to calculate the trajectory of Flooring Market. Detailed analysis is explained and given importance to with best working models.
Geographically, the segmentation is done into several key regions like North America, Middle East & Africa, Asia Pacific, Europe and Latin America. The production, consumption, revenue, shares in mill UDS, growth rate of Flooring Market during the forecast period of 2018 to 2022 is well explained.
The ongoing market trends of Flooring Market and the key factors impacting the growth prospects are elucidated. With increase in the trend, the factors affecting the trend are mentioned with perfect reasons. Top manufactures, price, revenue, market share are explained to give a depth of idea on the competitive side.
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Market Research Analysis:
On the basis of materials, global flooring market is segmented into carpets, tiles, vinyl & rubber, wood & others. Out of them, carpets dominate the material segment of global flooring market. It accounted for more than 30% market share of the global flooring market mainly due to increasing residential construction activities. Carpets are used in residential buildings as floor décor. Carpets offer thermal and acoustic insulation benefits. Also, ease and speed in installation and higher economic value benefits are some factors increasing the demand of carpets. Wood is also expected to grow significantly during the forecast period due to the growing preference of green buildings by consumers.
Asia-Pacific is the largest region for the flooring market mainly due to rapid growth in construction sector. It is expected to grow at the fastest pace during the forecast period.
Scope of the Report:
This study provides an overview of the global flooring market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World.
The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global flooring market as material, type, and application.
By Material
o Carpets
o Tiles
o Vinyl & Rubber
o Wood
o Other
By Type
o Soft covering
o Resilient
o Non-resilient
o others
By Application
o Healthcare
o Education
o Hospitality
o Retail
o Sports
Key Players:
Gerflor Group (France),
LG Hausys, Ltd. (Korea),
Flowcrete Group Ltd (U.K),
Polyfloor Inc. (U.K.),
Forbo Holding AG. (Switzerland),
Tarkett Company (France),
Floorworld LLC (Dubai),
Mohawk Industries Inc. (U.S.),
Shaw Industries, Inc. (U.S.),
Mannington Mills Inc. (U.S.).
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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.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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