Flooring Market Size, Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2024
Category: #world  By Ashwin Naphade  Date: 2019-01-21
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Flooring Market Size, Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2024

The report presenting a comprehensive exploration of the global Flooring encloses the rate of growth of the market over the projected duration. Providing a concise synopsis, the report determines the valuation and size of the Flooring in the near future. It also includes the major contributing factors to the growth of the global Flooring as well as the dominating players in the market coupled with their market share.

 

LVT will witness CAGR over 6% up to 2024. Improved comfort, resilience, environmental safety and ease of installation are the key properties fueling the product penetration. Additionally, wide range product portfolio due to ease in designing will open lucrative opportunities for business growth.
 

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Rising construction spending on residential as well as non-residential buildings particularly in emerging nations will propel the industry growth. Global construction spending is anticipated to reach USD 16 Trillion by 2024. China leads the global infrastructure development with over USD 2 Trillion by 2024.
 

High product penetration in industrial applications including automobile, aerospace, aviation and electronic appliances will propel the flooring market size. Rapid urbanization accompanied by changing consumer lifestyles will create new opportunities for industry demand.
 

Emergence of eco-friendly solutions along with rising demand for energy efficient insulation will drive the business growth. Moreover, regulatory support along with financial aids particularly for residential construction is expected to fuel the product demand. Stringent regulations for sustainable and energy efficient buildings, industrial safety particularly in developed nations will drive the flooring market.
 

Increasing refurbishment trends along with developing construction technologies has enhanced the product scope. Increasing disposal issues of floor coverings will pose a key challenge for industry growth.
 

Shifting focus on infrastructure development on residential, commercial, hospitability, sports and healthcare industries will drive the flooring market growth. Necessity for floor protection coupled with rising demand for efficient and visually appealing products has enhanced the product demand.
 

Global flooring market share was led by soft coverings with accounting for over 35% in 2016. Rising demand for carpet & rugs particularly in housing and offices will drive the demand. Reduced noising effect and dust binding are the key properties stimulating the product scope.
 

Industrial segment is expected to surpass USD 20 billion by 2024. Shifting manufacturer preference towards product enduring heavy duty operations will support the industry demand. Rising demand from chemical, automotive, food, manufacturing and transportation industries due to its benefits including abrasion and impact resistance.
 

Residential application will witness growth over 5.5% up to 2024. Recovery of housing sector particularly in the U.S. and Europe will fuel the product demand. Increasing renovation projects along with rising demand for decorative floor coverings are the major factors fueling the industry growth.
 

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Europe flooring market was valued over USD 70 Billion in 2016. Increasing construction output along with rising demand for green buildings are the key driving factors of the industry growth. Economic development accompanied by inclination towards tourism development will drive the regional demand.
 

APAC flooring market was worth more than USD 110 billion in 2016. Growing population has enhanced the demand for residential constructions particularly in China and India. Increasing manufacturing facilities due to socio economic benefits will propel the product demand from industrial applications.
 

North America flooring market is expected to witness growth over 5% up to 2024. Growth in construction industry along with increasing investment on restoration of deficient structures will drive the regional demand.
 

Global industry share mainly includes Mohawk Industries, Tarkett, Shaw Floors, Armstrong, Mannington Mills and Marazzi Group. Presence of large number of regional manufacturers keeps the global industry share fragmented. Product innovations, portfolio expansion, joint ventures and acquisitions are the major strategies adopted.
 

Flooring market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Billion Square Feet & revenue in USD Billion from 2012 to 2024, for the following segments:
 

Key Table Points Covered in Flooring Market Report:

 

  1. Global Flooring Market Research Report 2019
  2. Global Flooring Market Competition by Manufacturers
  3. Global Flooring Capacity, Production, Revenue (Value) by Region
  4. Global Flooring Supply (Production), Consumption, Export, Import by Region
  5. Global Flooring Production, Revenue (Value), Price Trend by Type
  6. Global Flooring Market Analysis by Application
  7. Global Flooring Manufacturers Profiles/Analysis
  8. Flooring Manufacturing Cost Analysis
  9. Industrial Chain, Sourcing Strategy and Downstream Buyers
  10. Flooring Marketing Strategy Analysis, Distributors/Traders
  11. Flooring Market Effect Factors Analysis

Key Points Covered in The Flooring Market Research Reports:

  • Industry Overview: Definition, Brief Introduction of Major Classifications, Applications, Major Regions.
  • Production Market Analysis:  Flooring Market Capacity, Production, Capacity Utilization Rate, Ex-Factory Price, Revenue, Cost, Gross and Gross Margin Analysis, Major Manufacturers Performance and Market Share, Regional Market Performance and Market Share.
  • Sales Market Analysis:  Sales Volume, Sales Price and Sales Revenue Analysis, Regional Sales Market Analysis.
  • Consumption Market Analysis:  Consumption Volume Analysis, Regional Consumption Market Analysis, Regional Market Performance and Market Share.
  • Production, Sales and Consumption Market Comparison Analysis: By Regional Flooring Market Performance and Market Share.
  • Major Manufacturers Production and Sales Market Comparison Analysis:  and Regional Major Manufacturers Production and Sales Market Comparison Analysis.

Complete report titled at https://www.marketstudyreport.com/reports/flooring-market

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About Author

Ashwin Naphade

Email: [email protected]   

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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