Flooring Market Booming Massively by 2028 with Key Players:
The global flooring market size was $342.88 billion in 2020. The market is projected to grow from $359.20 billion in 2021 to $517.74 billion by 2028 at a CAGR of 5.4% during the 2021-2028 period.
This information is presented by Fortune Business Insights™, in its report, titled, “Flooring Market, 2021-2028.”
According to our expert analysts, surging novel construction projects is likely to offer growth prospects for the market growth. Furthermore, the products utilized for flooring application, offer characteristics such as protection against scratches, indents, dampness, as well as can be effortlessly cleaned, which further contribute to the bulging demand.
Get a Sample PDF Brochure:
List of Key Players Covered in the Flooring Market Report
- Mohawk Industries, Inc. (U.S.)
- Shaw Industries Group, Inc. (U.S.)
- TARKETT S.A. (France)
- Armstrong Flooring, Inc. (U.S.)
- Forbo Flooring Systems (Netherlands)
- Gerflor (France)
- Interface, Inc. (U.S.)
- Beaulieu International Group (Belgium)
- Toli Corporation (Japan)
- Milliken & Company (U.S.)
- Congoleum (U.S.)
- Flowcrete (U.K.)
- James Halstead (U.K.)
- The Dixie Group (U.S.)
- Victoria PLC (U.K.)
- Mannington Mills, Inc. (U.S.)
- Balta Industries (Belgium)
- Swiss Krono (Switzerland)
- LG Hausys (South Korea)
- Parador (Germany)
- Invista (U.S.)
- Boa-Franc (Canada)
- Kajaria Ceramics (India)
- Engineered Floors (U.S.)
We provide our reports which are conducted with an all-inclusive examination approach that majorly emphasizes on delivering precise material. Our scholars have applied a data triangulation method which further assists us to offer trustworthy estimations and test the general market dynamics accurately. Further, our analysts have received admission to numerous international as well as regional funded registers for providing the up-to-date material so that the stakeholders and business professionals invest only in essential zones.
Drivers and Restraints
Surging Demand for Vinyl Flooring in Construction Projects to Fuel Market Growth
Vinyl is used as a versatile component in tiling applications, where, luxury vinyl tile is used majorly. It is resilient to mold, dampness, and fungus, which makes it an appropriate flooring option for utilization where wetness and infrequent spills are the prime concerns.
It can be effortlessly installed, is robust, and obtainable at a cheaper cost, which furthermore adds to its increasing admiration in the variety of residential as well as non-residential buildings. This is expected to bolster the flooring market growth during the forecast period.
Asia Pacific was worth USD 180.38 billion in 2020. Asia Pacific is the biggest and speediest-surging region and held the maximum flooring market share owing to large scale financing scheduled by governments of India, China, and Southeast Asia on infrastructure expansion.
Europe is likely to be administered by the utilization of ceramics and vinyl in non-residential structures.
The Flooring Market in the Middle East & Africa is in the growth phase of its life cycle, owing to growing demand for floor casings from numerous large-sized construction developments, and therefore, is expected to gain substantial market share during the forecast period.
Procurements Initiated by Key Players to Amplify its Spot in Market
Prominent players initiate tactical campaigns to thrust their position as chief players in the market. Their effective strategies involve acquisitions, mergers, collaborations as well as launching products among many others.
On the basis of type, the flooring market is categorized into non-resilient, resilient, and carpets & rugs.
Based on end-use, the market is segregated into residential and non-residential. The residential segment is the dominating contributor for the growth of this market. The growth in residential segment is accredited to the growing population and disposable income of the consumers.
Geographically, the flooring market is divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Inquire Before Buying This Research Report:
February 2021: Forbo created a novel auditory assortment which unites the well-known Sarlon acoustic vinyl variety of the company and award-winning Modul’up adhesive free solutions. This freshly launched collection is estimated to be the point of reference for any development where impact-sound is required to be diminished.
Read Related News:
Self-Healing Materials Market analysis Key Drivers, Restraints, Industry Size & Share, Opportunities, Trends, and Forecasts up to 2029
Self-Healing Materials Market demand Data Current and Future Trends, Industry Size, Share, Revenue, Business Growth Forecast to 2029
Self-Healing Materials Market share Latest Industry Size, Growth, Share, Demand, Trends, Competitive Landscape and Forecasts to 2029
Self-Healing Materials Market business Size, Outlook, Geographical Segmentation, Business Challenges and Opportunities till 2029
Self-Healing Materials Market segment Size, Gross Margin, Trends, Future Demand, Analysis by Top Leading Players and Forecast till 2029
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower,
Baner – Mahalunge Road, Baner,
Pune-411045, Maharashtra, India.
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: [email protected]
Connect us via Social Media Channels: