Global Flooring Market, By Material (Carpets, Tiles, Vinyl & Rubber, Wood & Other), Type (Soft covering, Resilient, Non-resilient & others), Application (Healthcare, Education, Hospitality, Retail and Sports), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Flooring Market
The flooring market will grow at a rate of 5.4% for the forecast period of 2021 to 2028. Rising rapid growth in construction industry across the globe is an essential factor driving the flooring market.
Flooring is defined as the process of providing the structural strength, covering to the floor by using any finished materials and also creating a space to walk. The commonly used materials for the flooring are ceramic, wood, terrazzo, resilient flooring. It also includes carpet and rugs and it plays a vital role in the construction sector as it is widely used for its characteristics such as anti-slithery performance, durability among others.
Rise in the population in some parts of the world is the major factor escalating the market growth, also rising rapid urbanization in some parts of the world, rising rapid industrialization, increase in the number of renovation & remodeling activities, increasing need for comfort and privacy due to noisier surroundings also increases the demand for the product and rising consumer preferences for aesthetically improved designs, textures, & colors and low-maintenance & easy-to-install floorings are the major factors among others propelling the growth of flooring market. Moreover, rising growth of the organized retail sector, increase in the demand from emerging economies and rising research and development activities will further create new opportunities for the flooring market in the in the forecast period of 2021- 2028.
However, rising volatile raw material prices and increase in the health and environmental concerns are the major factors among others restraining the market growth, and will further challenge the growth of flooring market.
This 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, geographical expansions, technological innovations in the market. To gain more info on 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.
Flooring Market Scope and Market Size
The flooring market is segmented on the basis of material and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material, the flooring market is segmented into carpets, tiles, vinyl & rubber, wood and other.
- The flooring market is also segmented on the basis of application into healthcare, education, hospitality and retail and sports.
Flooring Market Country Level Analysis
The flooring market is analysed and market size, volume information is provided by material and application as referenced above.
The countries covered in the flooring market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates flooring market due to rising demand for flooring from emerging economies, such as China and India, rising rapid urbanization, rising rapid industrialization, rising demand for single-family houses, increase in the number of renovation & remodeling activities and increasing need for comfort and privacy due to noisier surroundings also increases the demand for the product in this region. Europe is the expected region in terms of growth in flooring market due to the rising presence of prominent manufacturers and rising rapid growth in construction industry in this region.
The country section of the 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 Flooring Market Share Analysis
The 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 flooring market.
The major players covered in the flooring market report are Amtico International, AFI Licensing LLC, Congoleum Corporation, Forbo Holding, Gerflor, Interface, Inc, IVC Group, Mannington Mills, Inc, MOHAWK INDUSTRIES, INC, Polyflor Ltd, Pergo, Shaw Industries Group, Inc, Tarkett, Beaulieu Enterprises Ltd, Marazzi Group S.r.l, Balta Industries nv, Flowcrete Group Ltd, Ceramica del Conca Spa, Instarmac Group PLC and Parador among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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