The global flooring market size is projected to reach USD 515.71 billion by 2026, exhibiting a CAGR of 4.8% during the forecast period. Rising global focus on affordable housing will be a major growth factor for this market, shares Fortune Business Insights™ in its new report, titled “Flooring Market Size, Share & Industry Analysis, By Type (Non-Resilient {Ceramic, Wood, Laminate, and Others}, Resilient {Vinyl, and Others}, Carpets & Rugs, {Tufted, Woven, and Others}), By End-Use (Residential and Non-residential), and Regional Forecast, 2020-2026”.
The flooring market Drivers and Restraints :
Vinyl flooring solutions are becoming increasingly among homeowners as well as commercial occupants, which is fueling this market growth. This rising preference is attributable to host of benefits that vinyl tiles and other flooring options offer
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List of Significant Manufacturers in flooring market are:
- Engineered Floors
- Kajaria Ceramics
- Invista
- LG Hausys
- Balta Industries
- Victoria PLC
- James Halstead
- Congoleum
- Toli Corporation
- Interface
- Forbo
- TARKETT
- Mohawk Industries
- Nora Systems
- Boa-Franc
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Regional Insights: Flooring Market
Asia-Pacific to Hold Commanding Market Position; Europe to Present Lucrative Opportunities
With a market size of USD 185.4 billion in 2018, Asia-Pacific is well-poised to dominate the flooring market share during the forecast period.
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Some of the key industry developments in the flooring market Include:
- November 2020: Shaw Industries, the US-based carpet manufacturer, developed COMFOR3TTM, the company’s new soft flooring solution for places with heavy foot traffic. The covering is made from 60-80% recycled content, can be used multiple times, and is 100% recyclable. The sustainable solution is expected to deepen the company’s foothold in this market.
