Global Cork Flooring Market, By Type (Natural Cork Flooring And Colourful Cork Flooring), Application (Commercial Flooring And Residential Flooring), Sales Channel (Direct Distribution Channel And Indirect Distribution Channel), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Cork Flooring Market
Data Bridge Market Research analyses that the global cork flooring market will project a CAGR of 5.35% for the forecast period of 2022-2029. Growth in the number of buildings and construction activities especially in the developing economies, growth and expansion of real estate industry and ever-rising global population coupled with increasing personal disposable income are the major factors attributable to the growth of cork flooring market.
From the name itself, is clear that cork flooring is the flooring done using cork (bark of an oak tree) materials. Before using the cork for flooring, the bark is processed into sheets and used to produce tiles that serve as flooring. Cork flooring is a warm, attractive, cost effective, and eco- friendly material and is as a result, gaining immense popularity especially in the emerging economies. Like any other flooring solution, cork flooring is available in a wide range of styles and can be easily customised as per choice, preferences and trends.
Increased commercialization and changing lifestyles of humans as a result of rapid urbanization of rural and backward areas are the major factors fostering growth of the cork flooring market. Rising preferences of high value products and growing availability of commercial and residential properties will further create lucrative growth opportunities for the cork flooring market. Growing awareness about the benefits of cork flooring such as thermal, sound proof and other acoustic qualities, rising environmental concerns, stringent codes and growing emphasis on environmental friendly products, growing focus of the major manufacturers on technological advancements and rising number of house redecoration and remodelling activities are other important factors bolstering the cork flooring market growth rate.
However, intense pricing pressure over the manufacturers will pose a major challenge to the growth of cork flooring market. Also, high prices of environmental friendly products and rising regulations imposed on deforestation will derail the cork flooring market growth rate. Growing availability of low cost substitutes, lack of distribution channels and permanent indention and water problems will further restrict the scope of cork flooring growth.
This cork flooring market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on cork flooring market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cork Flooring Market Scope and Market Size
The cork flooring market is segmented on the basis of type, sales channel and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the cork flooring market is segmented into natural cork flooring and colourful cork flooring.
- Based on sales channel, the cork flooring market is segmented into direct channel and distribution channel.
- The application segment for cork flooring market includes commercial flooring and residential flooring.
Cork Flooring Market Country Level Analysis
The cork flooring market is analyses and market size, volume information is provided by country, type, sales channel and application as referenced above.
The countries covered in the cork flooring market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America is undergoing substantial gains as it is dominating the global cork flooring market. The region will continue to witness a rise in the market growth rate during the forecast period owing to the increasing expenditure on home modelling in U.S. Asia-Pacific will continue to undergo substantial gains during the forecast period and will register the highest compound annual growth rate (CAGR) owing to the growth and expansion of real estate industry in this region, surging number of buildings and construction activities, growing awareness about the beneficial properties of vinyl cork flooring, high demand from the emerging economies such as China, Japan and India and increasing personal disposable income.
The country section of the cork flooring market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cork Flooring Market Share Analysis
The cork flooring market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cork flooring market.
Some of the major players operating in the cork flooring market are CORKSRIBAS, S.A., COREtec, WOODCRETE P/L T/A MJO CORK AUSTRALIA, MJO CORK, Home Depot Product Authority, LLC., WE Cork Inc, Zandur, Expanko Resilient Flooring, Capri Cork LLC, Globus Cork, JELINEK CORK GROUP, CCIL-IT, Flooring Company, ACCORD FLOORS, Green Building Supply, LLC, Northern Cork Industries, Rock Melon, Advance Cork International., Solace Acoustic, Amorim Cork Flooring among others.
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