The latest market report published by Constancy Researchers “Global Residential Flooring Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Residential Flooring Market: Overview
The global residential flooring market was valued at US$ XX Billion in 2020 and is estimated to grow at a CAGR of XX% during the forecast period. The global residential flooring market is anticipated to witness substantial growth in the years to come due to the growing residential construction across the globe and growing redevelopment of residential spaces worldwide. The rapid urbanization and growing population worldwide coupled with rapid residential construction in cities 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 residential flooring market over the upcoming years. Besides, the volatile raw material cost is one of key factors estimated to hamper the global residential flooring market growth in the years to come.
Global Residential Flooring Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global residential flooring market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global residential flooring market, the demand for residential 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 Residential Flooring Market: Report Highlights
- Based on the product type, the non-resilient category had major share in 2020 in the global residential 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.
- 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 residential 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 residential flooring market.
- As per the research by Constancy Researchers Private Limited, the global residential 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 Residential Flooring Market
- Mohawk Industries Inc.
- AFI Licencing
- Burke Residential 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 Residential Flooring Market: Segmentation
Constancy Researchers Private Limited has segmented the global residential flooring market on the basis of product type, and regional analysis-
Global Residential Flooring Market: By Product Type
- Resilient
- Seamless
- Non-resilient
- Soft Covering
Global Residential 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)
