Flooring Market - Analysis by Application and Regional Outlook till 2024 - PowerPoint PPT Presentation

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Flooring Market - Analysis by Application and Regional Outlook till 2024

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The Flooring Market report add detailed competitive landscape of the global market. It includes company, market share analysis, product portfolio of the major industry participants. – PowerPoint PPT presentation

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Title: Flooring Market - Analysis by Application and Regional Outlook till 2024


1
Flooring Market Analysis and Forecast over 2019-
2024
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2
  • Flooring Market Scenario
  • Shifting focus on infrastructure development on
    residential, commercial, hospitability, sports
    and healthcare industries will drive the flooring
    market growth. Necessity for floor protection
    coupled with rising demand for efficient and
    visually appealing products has enhanced the
    product demand.
  • Rising construction spending on residential as
    well as non-residential buildings particularly in
    emerging nations will propel the industry growth.
    Global construction spending is anticipated to
    reach USD 16 Trillion by 2024. China leads the
    global infrastructure development with over USD 2
    Trillion by 2024.
  • High product penetration in industrial
    applications including automobile, aerospace,
    aviation and electronic appliances will propel
    the flooring market size. Rapid urbanization
    accompanied by changing consumer lifestyles will
    create new opportunities for industry demand.
  • LVT will witness CAGR over 6 up to 2024.
    Improved comfort, resilience, environmental
    safety and ease of installation are the key
    properties fueling the product penetration.
    Additionally, wide range product portfolio due to
    ease in designing will open lucrative
    opportunities for business growth.

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3
Continue-
  • Global flooring market share was led by soft
    coverings with accounting for over 35 in 2016.
    Rising demand for carpet rugs particularly in
    housing and offices will drive the demand.
    Reduced noising effect and dust binding are the
    key properties stimulating the product scope.
  • Industrial segment is expected to surpass USD 20
    billion by 2024. Shifting manufacturer preference
    towards product enduring heavy duty operations
    will support the industry demand. Rising demand
    from chemical, automotive, food, manufacturing
    and transportation industries due to its benefits
    including abrasion and impact resistance.
  • Residential application will witness growth over
    5.5 up to 2024. Recovery of housing sector
    particularly in the U.S. and Europe will fuel the
    product demand. Increasing renovation projects
    along with rising demand for decorative floor
    coverings are the major factors fueling the
    industry growth.
  • Increasing refurbishment trends along with
    developing construction technologies has enhanced
    the product scope. Increasing disposal issues of
    floor coverings will pose a key challenge for
    industry growth.

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4
  • Regional Analysis
  • APAC flooring market was worth more than USD 110
    billion in 2016. Growing population has enhanced
    the demand for residential constructions
    particularly in China and India. Increasing
    manufacturing facilities due to socio economic
    benefits will propel the product demand from
    industrial applications.
  • North America flooring market is expected to
    witness growth over 5 up to 2024. Growth in
    construction industry along with increasing
    investment on restoration of deficient structures
    will drive the regional demand.
  • Competitive Analysis
  • Global industry share mainly includes Mohawk
    Industries, Tarkett, Shaw Floors, Armstrong,
    Mannington Mills and Marazzi Group. Presence of
    large number of regional manufacturers keeps the
    global industry share fragmented. Product
    innovations, portfolio expansion, joint ventures
    and acquisitions are the major strategies
    adopted.

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