The latest market report published by Constancy Researchers “Global Flooring Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Flooring Market: Overview
The global flooring market was valued at US$ 390.3 Billion in 2020 and is estimated to grow at a CAGR of 6.5% during the forecast period. The global flooring market is anticipated to witness substantial growth in the years to come due to the growing construction industry across the globe and growing infrastructural spaces worldwide. The rapid urbanization and growing population worldwide coupled with rapid industrialization in the emerging economies including India, China, Brazil, and others. Moreover, the emergence of new technologies coupled with increased remodeling activities in the developed countries are some of the key opportunities for the global flooring market over the upcoming years. Besides, the volatile raw material cost is one of key factors estimated to hamper the global flooring market growth in the years to come.
Global Flooring Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global flooring market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global flooring market, the demand for flooring has decreased due to haltin the manufacturing industry worldwide along with the decreased construction activities during the COVID-19 period.
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Global Flooring Market: Report Highlights
- Based on the product type, the non-resilient category had major share in 2020 in the global flooring market and is estimated to continue its dominance position during the forecast period. This is ascribed to the increased construction of residential as well as commercial spaces worldwide.
- On the basis of application, the flooring market is dominated by residential category in 2020, and is projected to continue its dominant position over the upcoming years. Besides, the industrial category is estimated to witness growth at a substantial rate over the forecast period.
- Based on the regional analysis, Asia Pacific dominated the market in 2020 and is projected to grow at the highest rate during the forecast period. This is majorly due to the increased infrastructure development and industrialization in the region. Moreover, the increased manufacturing activities along with the growing demand for flooring from the emerging economies are further estimated to enhance the regional growth over the upcoming years.
- Mergers & acquisitions, new product launches, strategic partnerships, and collaborations among key players are estimated to be the key strategies in the global flooring market.
- As per the research by Constancy Researchers Private Limited, the global flooring market is highly fragmented in nature owing to the presence of a large number of players at the global, regional, and country-level.
List of Key Players of Global Flooring Market
- Mohawk Industries Inc.
- AFI Licencing
- Burke Flooring Products Inc.
- Interface Inc.
- Gerflor
- Tarkett SA
- polyflor
- Shaw Industries Group Inc.
- Forbo Holding AG
- Mannington Mills Inc.
- Beaulieu International
- Toli Corporation
- Others
Global Flooring Market: Segmentation
Constancy Researchers Private Limited has segmented the global flooring market on the basis of product type, application, and regional analysis-
Global Flooring Market: By Product Type
- Resilient
- Seamless
- Non-resilient
- Soft Covering
Global Flooring Market: By Application
- Residential
- Commercial
- Industrial
Global Flooring Market: By Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (LATAM)
- Middle East & Africa (MEA)
- United Arab Emirates (UAE)
- Saudi Arabia
- Rest of Middle East & Africa (MEA)
