Global Flooring Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global flooring market in its upcoming report titled, “Global Flooring Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global flooring market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global flooring market report has been segmented on the basis of product, application, and region.

Flooring refers to covering the floor by using finished material in residential, commercial or industrial buildings, to provide a walking surface. Flooring process provides smooth, clean, durable, and resistant levelled surface to occupants of the residential, commercial, and industrial buildings. These floors are hard, durable and strong to withstand load in several desired situations. These material also provide several properties such as static-resistance, slip-resistance, bacterial-resistant, fire-resistance, and others.

Rising demand for infrastructure development in various regions, coupled with changing consumer’s lifestyle and increasing demand for floor insulation is expected to fuel the market growth in next ten years. Increasing government investments on construction of non-residential infrastructure is also expected to propel demand for flooring materials. Technological advancements in construction solutions and floor designs, is another factors anticipated to drive growth of the global flooring market. However, flooring market is highly competitive, owing to presence of numerous players offering wide range of flooring solutions for residential, industrial, and commercial application segments.

In recent years, it is observed that end user’s preferences are shifting from traditional flooring solutions to innovative, eco-friendly and cost-effective flooring materials such as linoleum, cork, bamboo, glass, reclaimed hardwood, and rubber. In addition, availability of innovative flooring solutions which are durable and require low maintenance cost, is expected to impact the flooring market favorably.

Increasing concern related to environmental impact is anticipated to affect the flooring market significantly, owing to the known fact that, carpet is treated with the toxic chemical to repel moisture & soil and for mothproofing, which may cause serious health issues.

Asia Pacific market is expected to witness notable growth on account of surging real-estate industry and developing infrastructure facilities. Thus, the market for flooring would be strong in next eight years in Asia Pacific region. Increasing demand for infrastructural development in commercial and residential sector in Asia Pacific region is expected to witness highest growth in terms of revenue in the global flooring market during next five years.

Global Flooring Market Segmentation:

Segmentation by product:

• Soft coverings
• Seamless Flooring
• Wood & Laminates
• Others

Segmentation by application:

• Residential
• Commercial
• Industrial

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa