Category Intelligence on Flooring Services covers the following
Testing Methods in the Flooring market
The global flooring market is expected to grow up to $450 billion by 2026. Increasing demand for innovative flooring solutions in commercial and industrial spaces and urbanization will be the major growth drivers of the flooring industry in the developed and developing economies
The global market share of commercial flooring is estimated to grow at a CAGR of 6 percent between 2017 and 2025, with North America showing the highest growth among all other regions. APAC and Europe account for approximately 65 percent of the global flooring market
In 2017, the highest share of $118 billion in the global flooring market value is attributed to APAC, followed by Europe and North America
Non-resilient flooring products are expected to dominate the flooring market from 2018 to 2022, with a market share of 74 percent of the total market in 2017. Vinyl & rubber flooring and laminates are picking up in usage, and these materials will face high demand in the near future
Demand for insulation is expected to provide a boost to the flooring industry in the coming years
Non-resilient flooring segment accounted for around 74 percent of the total global flooring market in 2017
Luxury vinyl tile is replacing vinyl sheets in the commercial sector, owing to its advanced properties and high usability. LVT is expected to grow at CAGR of 6 percent until 2024
Vinyl & rubber flooring is expected to pick up in 2017, owing to its high cost efficiency and increased durability
Wood and carpet flooring are the most preferred kinds of flooring for retail store clients
Several consumers in developed and developing countries are focusing on waterproof flooring. Therefore, there is an increasing demand for vinyl flooring combined with WPC as an effective solution in the coming years
According to the flooring industry market research, the global flooring market remains comparatively consolidated with fragmented local and regional markets. The market demand for sustainable flooring will increase the supplier negotiation power in markets, such as U.S., U.K., etc. Flooring market analysis shows that sustainable products, such as bamboo flooring, recycled concrete flooring, etc., are gaining popularity among the buyers. Cost-effective products available in the market are posing a threat to the global players. High penetration of online retail sales has dampened the demand in American, European & Chinese markets. The US and key Asian flooring market are competitive, as several regional wholesale distributors have entered the market. High initial capital investment by new entrants poses a huge barrier to new suppliers.
This flooring industry market research report provides insight into the flooring market trends, size, segmentation, flooring industry outlook and lists out the major drivers and constraints. It gives the Porter’s five force analysis of the major global flooring industry and provides the cost breakup for flooring. The flooring market research report details the supply landscape and gives the SWOT analysis of key suppliers like Armstrong Flooring, Inc., Tarkett, Shaw Industries Group, Inc., etc. This flooring market analysis report lists out the best sourcing practices.
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