Flooring Market Worth USD 435.67 Billion by 2023 with Revolutionary CAGR of 6.36%
The Report “Flooring Market By Manufacturers, Regions, Type And Application” Highlights Key Dynamics Of Flooring Sector. The Potentiality Of This Sector Has Been Examined Along With The Significant Challenges And Growth Opportunities.
Las Vegas, NV -- (ReleaseWire) -- 08/14/2018 --Flooring industry -Regional Outlook and Trend Analysis:
Asia Pacific region is anticipated to witness considerable market growth owing to developing infrastructure amenities and rising real-estate industry. Furthermore, the region is projected to witness amplified demand for non-residential and residential building places, which can be credited to the urbanization and population growth. The region described for around 40% of the total market share in 2013. Europe region is also anticipated to witness extensive augment in market demand during the forecast period. This can be credited to the availability of easy installation techniques and ground-breaking construction solutions.
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Flooring industry -Competitive Insights:
Raw material providers, producers, and distributors are major participants in the market value chain. Key companies in the global flooring market include Mohawk, Mannington Mills Inc., Gerflor, Shaw Floors, and Armstrong. The global market is considerably consolidated with extreme competition; technological advancement is expected to be a crucial point for market growth over the forecast years.
Flooring industry -Industry Outlook and Trend Analysis:
The Flooring market was valued around USD 250.12 billion in 2016 and is expected to reach roughly USD 435.67 billion by the end of 2025 while registering itself at a compound annual growth rate (CAGR) of 6.36% during the forecast period, owing to the new trends and innovations in construction solutions and floor designs. The flooring market is extremely competitive with several players presenting a range of flooring solutions around commercial, residential, industrial and other segments. The floor coating industry is being flooded by new styling trends and technological advancements. Lately, end users have been diverting from conventional flooring solutions to eco-friendly and more cost efficient flooring materials like linoleum, cork, bamboo, Polyester (P.E.T) Berber, glass, reclaimed hardwood and rubber. Moreover, rising demand in the construction business along with altering customer lifestyles and increasing demand for insulating materials are likely to drive the global flooring market.
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Flooring industry -Product Outlook and Trend Analysis:
The product section is largely categorized into 4 types involving resilient flooring, seamless flooring, non-resilient flooring and soft coverings. Soft coverings are also referred as fabric coverings, and primarily comprise carpets and rugs. This segment conquered the market and described for around 50% of the total market share in 2013. These coverings render numerous benefits such as dust-binding characteristics, noise-reducing effect and also are referred to be excellent insulators furnishing pleasing, comfort as well as warm aesthetics. Resilient flooring is a combination of fillers, color, and binders. Resilient flooring types include wood, cork, rubber, linoleum, asphalt, and vinyl; these are cost effective, durable and need low maintenance. Non-resilient flooring embraces clay tile, ceramic tile, concrete tile, brick, and terrazzo stone. These floors usually withstand several conditions and need only dusting and mopping.
Flooring industry -Application Outlook and Trend Analysis:
Flooring solutions are employed in commercial, industrial, and residential applications. Due to increasing demand from the construction market and amplified home renovation and improvement projects, the flooring products market for residential applications is anticipated to experience growth over the forecast years. Additionally, increase in demand for flooring solutions all over the residential section could be assigned with changing customer lifestyle and amplified disposable earnings. Commercial applications involve hospitality and leisure, healthcare, corporate, retail, education, sports and other. Growing demand in the construction business is projected to be the major driving factor for the global market over the next few years. Industrial applications comprise manufacturing plants, automotive industry, refineries, aviation hangars, etc.
The Flooring Market is segmented as follows-
Flooring Marke, By Product, Estimates and Forecast, 2016-2025 ($Million)
Carpets & Rugs
Flooring Marke, By Application, Estimates and Forecast, 2016-2025 ($Million)
Reasons to buy a Exclusive report ?
1) An extensive research study on the Global Flooring market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Flooring market.
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
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Major TOC of Flooring Market:
Chapter2. Executive Summary
Chapter3. Market Overview
Chapter4. Market Analysis By Product
Chapter5. Flooring Market, By Application
Chapter6. Flooring Market, By Region
Chapter7. Company Profiles
7.1.1. Business Overview
7.1.2. Product Portfolio
7.1.3. Key Financials
7.1.4. Strategic Developments
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Key Financials
7.2.4. Strategic Developments
7.3.RPM International Inc.
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Key Financials
7.3.4. Strategic Developments
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Strategic Developments
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Key Financials
7.5.4. Strategic Developments
Chapter8. Global Flooring Market Competition, by Manufacturer
Chapter9. Flooring Market Forecast (2018-2023)
…CONTINUED FOR TOC
List of Figures:
Figure 1.Flooring Market Share, By Product, 2016 & 2025 ($Million)
Figure 2.Flooring Market, By Application, 2016 & 2025 ($Million)
Figure 3.Flooring Market, By Region, 2016, ($Million)
Figure 4.Armstrong: Net Revenues, 2014-2016 ($Million)
Figure 5.Armstrong: Net Revenue Share, By Segment, 2016
Figure 6.Armstrong: Net Revenue Share, By Geography, 2016
Figure 7.Forbo: Net Revenues, 2014-2016 ($Million)
Figure 8.Forbo: Net Revenue Share, By Segment, 2016
Figure 9.Forbo: Net Revenue Share, By Geography, 2016
Figure 10.RPM International Inc.: Net Revenues, 2014-2016 ($Million)
List of Tables:
Table 1.Flooring Market, By Product ($Million), 2016-2025
Table 2.Carpets & Rugs Market, By Region ($Million), 2016-2025
Table 3.Wood Market, By Region ($Million), 2016-2025
Table 4.Resilient Market, By Region ($Million), 2016-2025
Table 5.Tiles Market, By Region ($Million), 2016-2025
Table 6.Other Products Market, By Region ($Million), 2016-2025
Table 7.Flooring Market, By Application ($Million), 2016-2025
Table 8.Commercial Market, By Region ($Million), 2016-2025
Table 9.Industrial Market, By Region ($Million), 2016-2025
Table 10.Residential Market, By Region ($Million), 2016-2025
Table 11.Flooring Market, By Region ($Million), 2016-2025
Table 12.North America Flooring Market, By Country, 2016-2025 ($Million)
Table 13.North America Flooring Market, By Product, 2016-2025 ($Million)
Table 14.North America Flooring Market, By Application, 2016-2025 ($Million)
Table 15.U.S. Flooring Market, By Product, 2016-2025 ($Million)
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
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