Flooring Market in Soft coverings product segment to cross $150bn by 2022 - PowerPoint PPT Presentation

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Flooring Market in Soft coverings product segment to cross $150bn by 2022

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Request for a sample of this research report @ The soft coverings flooring market worth USD 90 billion in 2014 was the largest revenue contributor and is forecast to touch USD 150 billion mark by 2022. Its growth can be credited to its dust-binding properties and noise-reducing effects. These products act as the best insulators, offering comfort and pleasing aesthetics to the end-users. The non-resilient flooring market contributed over 30% of the overall industry share in 2014. – PowerPoint PPT presentation

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Title: Flooring Market in Soft coverings product segment to cross $150bn by 2022


1
Flooring Market Global Industry Analysis
Report, Share, Size, Growth, Price Trends and
Forecast, 2016 2023 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights of Flooring Market
  • Innovations in the construction industry,
    increasing urbanization, and the changing
    consumer lifestyle coupled with the rising demand
    for insulation is predicted to boost the flooring
    market growth over the coming years. Development
    of hassle-free installation techniques along with
    enhanced use of cost-effective, aesthetically
    pleasing, durable, and ecofriendly flooring
    products by consumers are expected to fuel the
    industry trends. In addition to this, the
    increase in the number of home renovation
    projects is anticipated to be a key market driver
    over the coming years. As per Global Market
    Insights Inc., global flooring market size is
    predicted to exceed USD 400 billion by 2022,
    growing at a CAGR of 6.8 over the period of
    2015-2022.
  • Flooring solutions are used in commercial,
    industrial, and residential applications.
    Residential sector is estimated to be dominant
    over the coming years with revenue estimation of
    USD 220 billion by 2022. Heavy demand from the
    construction industry coupled with growing number
    of home renovation projects is likely to spur the
    flooring market share in the residential sector.

3
Continued
  • Flooring demand in commercial sector is projected
    to witness a CAGR of 6.5 over 2015-2022.
    Furthermore, flooring in industrial applications
    worth USD 12 billion in 2014, is estimated to
    exceed USD 20 billion by 2022. Amongst the
    various kinds of floorings available in global
    industry, resilient flooring market worth USD 60
    billion in 2014, is expected to be a rapidly
    growing product segment with a CAGR estimation of
    7.5 over the period of 2015-2022. The fast
    growth of this segment can be attributed to the
    factors like cost-effectiveness, waterproofing
    property, durability, and low maintenance cost.
  • The soft coverings flooring market worth USD 90
    billion in 2014 was the largest revenue
    contributor and is forecast to touch USD 150
    billion mark by 2022. Its growth can be credited
    to its dust-binding properties and noise-reducing
    effects. These products act as the best
    insulators, offering comfort and pleasing
    aesthetics to the end-users. The non-resilient
    flooring market contributed over 30 of the
    overall industry share in 2014.

4
China flooring market size by product, 2012-2022
(USD Billion)

5

Browse Full Market Research Report Flooring
Market _at_ http//tinyurl.com/zz8nt2l Request
for a Sample of this Research report _at_
https//www.fractovia.org/request-sample/232
6
Continued.
  • The Asia Pacific flooring market size worth USD
    100 billion in 2015 dominated the industry growth
    and is estimated to touch USD 180 billion mark by
    2022. Factors such as growing industrialization,
    consumer lifestyle changes, new key
    developments in real-estate industry, expanding
    construction industry, and improvement in
    infrastructure facilities are few of the factors
    projected to contribute towards the regional
    growth. India and China are predicted to be the
    major revenue pockets.
  • The North America flooring market share worth USD
    40 billion in 2014, is expected to reach USD 69
    billion mark by 2022 owing to the recovery in the
    housing industry which has the positive impact on
    the regional growth.
  • Key industry participants include Shaw
    Industries, Pergo, Armstrong World Industries,
    Polyfor Ltd, Mohawk Industries, Congoleum
    Corporation, Beaulieu Flooring America, and
    Mannington Mills Inc.

7
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