Global Flooring Market Outlook, 2027<\/a><\/p>\nAccording to the report title, \u201cGlobal Flooring Market Outlook, 2027\u201d the market was value at around USD 340 Billion in 2021 and it is anticipated to grow with the CAGR of 6.18% from 2022 to 2027.<\/p>\n
Flooring is an indispensable element of new construction and remodeling. There are various types of flooring used in building construction and their selection depends on end-use, aesthetics and choice of user. The two major flooring categories are resilient and non-resilient. Resilient flooring is flooring that has a particular property.<\/p>\n
When you apply load on a resilient floor, it gives a little and then returns to its standard shape or regains its original position. Non-resilient flooring is precisely the opposite of the resilient. A non-resilient floor has no give. If it\u2019s dented, the dent is permanent. Non-resilient floors are also more likely to flake rather than deform. According to the report, based on material type, market is segmented into resilient, non-resilient and carpets and rugs types. The non-resilient flooring type which includes sub flooring types like ceramic tile, wood, laminate, stone, terrazzo, bamboo etc., is leading the market with more than 60% of value market share.<\/p>\n
A floor is a leveled surface which can support the objects, appliances, occupants etc. The flooring material is chosen as per necessity of the user and based on end-use which provides the most productive results for objective, either it may be economically or durability wise. According to the report, based on end-use, market is segmented into residential, commercial and industrial segments. The residential segment is leading the market with more than 63% of value market share.<\/p>\n
According to the report, based on region, the flooring market is segmented into five major regions i.e. North America, Europe, Asia-Pacific, South America and Middle East & Africa. The Asia-pacific region is dominating the market with more than 35% value market share. Based on country, china is leading the flooring market with more than 18% market share.<\/p>\n
The floor covering industry is highly competitive. Various company faces competition from a number of manufacturers and independent distributors. Maintaining company\u2019s competitive position in market may require substantial investments in company\u2019s product development efforts, manufacturing facilities, distribution network and sales and marketing activities. There are many prominent companies in the flooring market which are driving the market. The companies are Mohawk Industries Inc., Shaw Industries Group, Inc., Tarkett S.A., Milliken & Company and Forbo Holding AG.<\/p>\n
Downturns in global economies, including as a result of the COVID-19 pandemic, negatively impact the floor covering industry and various company\u2019s business. A significant or prolonged decline in residential or commercial remodeling or new construction activity could have a material adverse effect on various firms business and results of operations. The lockdown has restricted the construction of housing and building projects and limited fresh purchase of flooring materials. Due to the changing situations and customers approach towards the pandemic situation, the market of flooring is anticipated to bounce back during the forecast period.<\/p>\n
Major Companies present in the market: \nMohawk Industries Inc., Shaw Industries Group, Inc., Tarkett S.A., Milliken & Company, Forbo Holding AG, Beaulieu International Group, Interface, Inc., Toli Corporation, Armstrong Flooring, Inc., Polyflor Limited, Congoleum Corporation<\/p>\n
The approach of the report: \nThis report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases.<\/p>\n
After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this the published started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once the publisher has primary data with us the published started verifying the details obtained from secondary sources.<\/p>\n
Intended audience \nThis report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to flooring industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.<\/p>\n
This report would help you answer the following questions: \n1. What is the market size of global flooring market in 2021? \n2. At what rate the global flooring market will grow in forecast period? \n3. What are the different types of material use in returnable packaging? \n4. Which end-use segment is leading the market? \n5. What is the impact of covid-19 on the global Flooring market?<\/p>\n
Find out more: \nGlobal Flooring Market Outlook, 2027<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The floor covering industry is depends on various general economic conditions, such as consumer confidence, income and spending, corporate and government spending, interest rate levels, availability of credit and demand for housing. Increasing new construction facilities, surging demand of residential buildings, commercial amenities and healthcare facilities are likely to drive the growth of the market.<\/p>\n
According to the report title, \u201cGlobal Flooring Market Outlook, 2027\u201d the market was value at around USD 340 Billion in 2021 and it is anticipated to grow with the CAGR of 6.18% from 2022 to 2027.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"xn-wppe-expiration":[],"xn-wppe-expiration-action":[],"xn-wppe-expiration-prefix":[],"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[62,25,294,58,24,21,63],"tags":[],"yoast_head":"\n
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