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Flooring Market Analysis, Company Profiles, Competitive Landscape and Key Regions Analysis Available at Fortune Business Insights

The global flooring market size is projected to reach USD 515.71 billion by 2026, exhibiting a CAGR of 4.8% during the forecast period. Rising global focus on affordable housing will be a major growth factor for this market, shares Fortune Business Insights™ in its report.


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The global flooring
market
 size is projected to reach USD 515.71 billion by 2026,
exhibiting a CAGR of 4.8% during the forecast period. Rising global focus on
affordable housing will be a major growth factor for this market, shares
Fortune Business Insights™ in its report.



According to UN HABITAT, approximately 13% of the world’s urban
areas have affordable housing. This indicates that an extremely low number of
people in cities across nations have are living in regulated housing societies.
As a result, governments around the world, especially in developing countries,
are ramping up their investment in the housing sector to ensure that every
person in the country has a proper home. This is emerging as one of the leading
flooring market trends as government-backed building activities will create a
huge demand for flooring solutions and thus accelerate the growth of this
market in the forthcoming years.



The report states that the Flooring market value stood at USD
355.17 billion in 2018. The other highlights of the report include:




  • Thorough
    research into the factors driving the market growth;

  • In-depth study
    of the factors restraining the market;

  • Comprehensive
    assessment of the market segments; and

  • Careful analysis
    of the regional developments and competitive dynamics of the market.



 



List of Key Players Covered in this Market Report:




  • Engineered
    Floors

  • Kajaria Ceramics

  • Invista

  • LG Hausys

  • Balta Industries

  • Victoria PLC

  • James Halstead

  • Congoleum

  • Toli Corporation

  • Interface

  • Forbo

  • TARKETT

  • Mohawk
    Industries

  • Nora Systems

  • Boa-Franc

  • Parador

  • Swiss Krono

  • Mannington Mills

  • The Dixie Group

  • Flowcrete

  • Milliken &
    Company

  • Beaulieu
    International

  • Armstrong
    Flooring

  • Shaw Industries
    Group, Inc.



 



Flooring Market Key Driver:



Growing Preference for Vinyl Flooring to Fuel the Flooring Market



Vinyl flooring solutions are becoming increasingly among
homeowners as well as commercial occupants, which is fueling this market
growth. This rising preference is attributable to host of benefits that vinyl
tiles and other flooring options offer. For example, in commercial spaces,
vinyl tiling provides a durable and reliable flooring solution as these spaces
have heavy foot traffic throughout the day.



In case of households, vinyl floors are the ideal solution, since
homes have high moisture content and these floors are water- and
stain-resistant, giving them a long shelf-life compared to ordinary floorings.
Another reason why homeowners prefer vinyl tiles is their affordability. For
instance, vinyl tiles mimic the appearance of a ceramic floor, but are more
pocket-friendly compared to actual ceramic tiles. Lastly, and most importantly,
these floorings are easy to install and maintain, which is the central factor
boosting their adoption in both residential and commercial settings.



 



Regional Insights: Flooring Market



Asia-Pacific to Hold Commanding Market Position; Europe to Present
Lucrative Opportunities



With a market size of USD 185.4 billion in 2018, Asia-Pacific is
well-poised to dominate the flooring market share during the forecast period.
The primary reason for the region’s dominance is the aggressive investments
made by governments in the region, mainly India and China, in infrastructure
development.



Moreover, availability of home and personal loans in the region is
also generating demand for expensive flooring solutions, thus driving the
growth of the market.



In Europe, there is surging demand for vinyl floorings in
non-residential buildings, which is fueling the market growth, while in Middle
East and Africa initiation of large-scale construction projects is brightening
market prospects.



 



Competitive Landscape: Flooring Industry



Launch of Sustainable Products to Excite Market Competition



The flooring market forecast suggests that the market is slated to
enter a period of widespread excitement as many of the leading players are
frequently introducing environment-friendly flooring solutions for customers.
Through these launches, companies are solidifying their position in the market
and diversifying their offerings.



 



 



Detailed Table of Content:




  • Introduction


  • Executive
    Summary

  • Market Dynamics


  • Key Insights


  • Global Flooring
    Market Analysis, Insights and Forecast, 2015-2026



TOC Continued…!



 



Key Industry Developments:




  • November
    2019: Shaw
    Industries, the US-based carpet manufacturer, developed COMFOR3TTM,
    the company’s new soft flooring solution for places with heavy foot
    traffic. The covering is made from 60-80% recycled content, can be used
    multiple times, and is 100% recyclable. The sustainable solution is
    expected to deepen the company’s foothold in this market.

  • September 2019: Belgium-based
    Beaulieu International Group’s specialized division, Beaulieu Flooring
    Solutions, launched its novel latex-free carpet called Rewind. The product
    is made through a highly sustainable process, which involves no water
    usage and 83% less gas consumption. The purpose behind its launch is to
    make trade events and shows more eco-friendly.



 



Browse Summary of This Research Report:



https://www.fortunebusinessinsights.com/flooring-market-102740



  



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data and innovative corporate analysis, helping organizations of all sizes make
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of the market they are operating in.



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