Tuesday, January 25, 2022

Global Flooring Market (2021 to 2025) – Growth Trends and Forecast – ResearchAndMarkets.com

Dublin–(business wire) – “Flooring Market – Global Industry Analysis (2017 – 2020) – Growth Trends and Market Forecast (2021 – 2025)” report has been added to of ResearchAndMarkets.com Presentation.

The global flooring market is expected to be valued at US$285.5 Bn by 2025, from US$208.8 in 2017. The market is expected to register a CAGR of 6.9% during the forecast period, as the rise of renovation and remodeling gives its due importance to flooring.

mention of companies

  • Mohawk Industries

  • Shaw Industries Group, Inc.

  • Tarkett SA

  • Beaulieu International Group NV

  • Forbo Holding AG

  • Interface Inc.

  • Gerflor SAS

  • Lamosa Group

  • RAK Ceramics PJSC

  • Mannington Mills Inc.

  • Balta Industries Nv

  • Armstrong Flooring

  • pamesa ceramica

  • Kajaria Ceramics

The growth in construction and renovation activities is expected to boost the global flooring market. An important component of the interior, the demand for flooring is expected to increase as modern tiles offer better aesthetics and function to a given space. The publisher says that flooring takes up about 10% of the total construction cost, indicating a good growth rate for the market during the forecast period between 2021 and 2025.

Demand for flooring in residential sector to guide growth

As of 2018, the residential sector accounted for nearly 50% of the global flooring market. The increasing number of home buyers, especially in developing economies, is expected to drive the demand for this segment. Smaller family units, better income, focus on achieving a better standard of living, and availability of a wide range of flooring options from tile to carpet have encouraged this segment to reach new heights over the years. Analysts predict this trend is likely to continue as India and China see an uptick in construction in urban areas to accommodate migrant populations.

ceramic tiles show dominance

Historically and estimationally, ceramic tiles have been noted to hold the largest share of the global flooring market. Their wide popularity, easy installation processes and wide spectrum of design availability have made this segment a major clientele in the commercial, industrial and residential sectors.

As of 2018, this segment accounted for nearly 60% of the total flooring market. Ceramic tiling allows the look to be seamless, bringing a visual appeal that is highly prized for end users. Furthermore, with designs that cleverly mimic natural stones, the demand for ceramic tiles cleverly exceeds natural stones, offering end users the same experience at a lower cost and higher efficiency. Ceramic tiles are low maintenance as compared to natural stones, which has been a winning point for this segment over the years.

Huge range of housing projects in Asia Pacific enables regional market leader

The rise of housing projects in the Asia Pacific region at a huge pace is expected to be the primary reason for the region’s lion’s share in the global flooring market. Industrialization, urbanization, and an increasing number of new home buyers due to a younger demographic is expected to drive down the demand for the flooring market.

Rising investment in construction and renovation in these countries has also had a positive impact on the demand for flooring. The strong presence of flooring companies across India will contribute significantly to the thriving regional market. Players like Kajaria Ceramics, Welspun Flooring Ltd., Knightco Tiles, Orient Bell and RAK Ceramics have inexhaustible forces driving India’s flooring market with constant innovation in design.

Major topics covered:

1. Executive Summary

2. Market Overview

2.1. Market Definitions and Segmentation

2.2. market dynamics

2.2.1. drivers

2.2.2. Compulsion

2.2.3. market opportunities

2.3. value chain analysis

2.4. Porter’s Five Forces Analysis

2.5. covid-19 impact analysis

2.5.1. supply

2.5.2. Demand

2.6. economic overview

3. Production Production and Trade Statistics

4. Price Trend Analysis and Future Projects 2017 – 2025

4.1. Price Trend Analysis and Future Projects 2017 – 2025

4.2. Global Average Price Analysis, by Product vs. Application, US$ per Kg

5. Global Flooring Market Outlook 2017 – 2025

6. North America Flooring Market Outlook 2017 – 2025

7. Europe Flooring Market Outlook 2017 – 2025

8. Asia Pacific Flooring Market Outlook 2017 – 2025

9. Latin America Flooring Market Outlook 2017 – 2025

10. Middle East and Africa Flooring Market Outlook 2017 – 2025

11. Competitive Landscape

12. Appendix

For more information about this report, visit https://www.researchandmarkets.com/r/3oia82

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