Flooring is defined as the permanent covering of a floor. A new report on the global flooring market, published by Market Research Future (MRFR), claims that this market could witness a high tide at 5% CAGR between 2016 and 2022.
Major players in the global flooring market include Floorworld LLC (Dubai), Flowcrete Group Ltd. (UK), Forbo Holding AG. (Switzerland), Gerflor Group (France), LG Hausys Ltd. (Korea), Mannington Mills Inc. (USA), Mohawk Industries Inc. (USA), Polyfloor Inc. (UK), Shaw Industries Inc. (USA), and Tarkett Company (France).
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Monitoring the market structure, this report mensurates the future growth potential of the market. It characterizes the strategies of the major market players in the market and aids the competitive developments like research & developments (R&D), new product developments, mergers & acquisitions, and joint ventures, in the market.
The primary factor raising the global flooring market growth is rapid growth in the construction sector. Increasing construction projects, across the world, due to expanding urban areas and population growth are also fueling market growth. Other factors furnishing market growth include rising home improvement projects, renovation projects, and rising personal disposable income. The last boost to the market comes from the high demand for the improvement of existing infrastructure and the building of new infrastructure in the form of hospitals, retail outlets, residential housing, and other commercial buildings. However, the market growth can get blocked due to the high prices of new installations and renovations. Considerable volumes of flooring waste and difficult disposal can also impact market growth negatively.
Latest Industry News
- After complaints from various people, the Terminal 3 IGI Airport at Indian Capital New Delhi is set to receive new carpet flooring. 13 JUL 2019
- The Atlanta-based Floor & Decor Chain has opened its new flooring store in the remade Eastgate Shopping Center at El Paso. 24 JUL 2019
Market Segmentation
The Global Flooring Market segmentation covers application, material, and type. MRFR’s take on the market allows an in-depth look into various facets of the market.
The application-based segmentation of this market covers education, healthcare, hospitality, retail, and sports. Application-based flooring is used for delivering specific aesthetics or achieve a particular purpose. For example, in the healthcare sector, flooring needs to be hard and easy to clean. In sports, the flooring must be level and help absorb shock.
Regarding material, the market has been segmented into tiles, vinyl & rubber, wood, and others. The most popular segment among these is “tiles” as tiles are available in various designs, materials, shapes, and sizes to achieve the perfect aesthetic. By type, the market has been segmented into resilient, non-resilient, soft covering, and others.
Regional Segmentation
Based on a geographical outlining of the global flooring market, the study encompasses North America, Europe, Asia Pacific, and Rest of the World (RoW).
The Asia Pacific holds the largest market share with North America and Europe, holding the second largest share and third-largest share, respectively. Rapid industrialization and increasing urbanization in the Asia Pacific region are driving market growth. During the forecast period, the Asia Pacific region is also expected to be the fastest-growing regional market. The largest country-specific markets in this region are China, India, and Japan. An analysis of remaining countries in the Asia Pacific region featured in this report estimates the sizable contribution to market revenue from some other countries.
During the forecast period, the growth rate of the North American market is expected to be significant, mainly due to the presence of many construction firms and the existence of advanced infrastructure in this region. The largest country-specific markets in this region are the USA and Canada.
Europe is a strong market due to the availability of developed infrastructure, technological advancement, and huge investments in the construction sector. The maximum revenue for the European market is contributed by France, Germany, Spain, and the UK.
Scope of Report
The report for Global Flooring Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Target Audience:
- Manufacturing Organizations
- Distributors & Suppliers
- Environmental Associations
- Research Institute / Education Institute
- Potential Investors
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Study Objectives of Global Flooring Market:
- To provide detailed analysis of the market structure along with forecast for the next five years of various segments and sub-segments of the global flooring market.
- To provide insights about factors affecting the market growth.
- To analyze the global flooring market based on various tools such as Price Analysis, Supply Chain Analysis, Porter’s Five Force Analysis.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market segmented by Materials, by Types, by Applications, and by Regions.
- To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the flooring market.
List of Tables
Table 1 Global Flooring Market, by Material
Table 2 Global Flooring Market, by Type
Table 3 Global Flooring Market, by Application
Table 4 Global Flooring Market, by Regions
Table 5 North America Flooring Market, by Country
Table 6 North America Flooring Market, by Material
Table 7 North America Flooring Market, by Type
Table 8 North America Flooring Market, by Application
Table 9 U.s. Flooring Market, by Material
Table 10 U.s. Flooring Market, by Type
Continued……..
List of Figures
Figure 1 Research Type
Figure 2 Global Flooring Market: by Material (%)
Figure 3 Global Flooring Market: by Type (%)
Figure 4 Global Flooring Market: by Application (%)
Figure 5 Global Flooring Market: by Region
Figure 6 North America Flooring Market, by Material (%)
Figure 7 North America Flooring Market, by Type (%)
Figure 8 North America Flooring Market, by Application (%)
Figure 9 Europe Flooring Market, by Material (%)
Figure 10 Europe Flooring Market, by Type (%)
Continued…….
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