Market Highlights
Flooring is the permanent covering of a floor. Rising preference for sustainable building techniques drives the growth of the flooring market. Growing focus on innovative flooring that is also durable is fueling this growth. High demand from hospitality sector is the major factor contributing to the growth of the market. Various countries such as Australia, Saudi Arabia, and Dubai are making huge investments on tourism ultimately increasing the number of resorts and hotels. The growth of global flooring market may be hindered by flooring waste disposal and the rising price of raw materials as well as it may be hindered by complexities of transportation.
The Global Flooring Market is expected to grow at CAGR of 5% by 2022.
Key Players:
The key players of global flooring market are 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.) and Mannington Mills Inc. (U.S.)
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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.
Asia-Pacific is the largest market
On the basis of regions, the global flooring market is segmented into North America, Europe, Asia-Pacific and RoW. Asia-Pacific region dominates the global flooring market. Rapid growth industrialization and urbanization is the primary driving factor of flooring market in the region. Additionally, increased disposable income among individuals, is also fueling the demand of the market. This region is expected to grow at the fastest pace during the forecast period.
North America is also expected to contribute significantly to the global flooring market mainly due to the presence of a large number of construction industries in this region as well as the growing the number of home renovation projects. European region and Rest of the World are expected to witness steady growth over the forecast period.
Table of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
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4 Global Flooring Market, By Material
4.1 Carpets
4.2 Tiles
4.3 Vinyl & Rubber
4.4 Wood
4.5 Others
5 Global Flooring Market, By Type
Continue……….
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