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Analysis of Flooring market applications and company’s active in the industry

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The latest Flooring market analysis and research report talks about major applications of Flooring, growth of these segments as well as offers insights into company’s active in this industry and their information. – PowerPoint PPT presentation

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Date added: 7 October 2019
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Title: Analysis of Flooring market applications and company’s active in the industry


1
Flooring market growth outlook with industry
review and forecasts 2019-2024
  • Speaking of the geographical trends, the flooring
    market size has, of late, witnessed a rapid
    escalation in the emerging economies Asia
    Pacific being one of the major names in the list
    of growth avenues. The reason behind APAC to
    become the preferred investment destination for
    flooring market giants is quite overt- its
    expanding construction sector.
  • Flooring Market size is estimated to exceed USD
    450 Billion by 2024 according to a new research
    report by Global Market Insights, Inc. 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.

2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
2
  • 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.
  • Emergence of eco-friendly solutions along with
    rising demand for energy efficient insulation
    will drive the business growth.
  • Moreover, regulatory support along with financial
    aids particularly for residential construction is
    expected to fuel the product demand. Stringent
    regulations for sustainable and energy efficient
    buildings, industrial safety particularly in
    developed nations will drive the flooring market.

2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
3
  • 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.

2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
4
Request for a Sample Copy of this Report
_at_ https//www.gminsights.com/request-sample/detail
/122
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
5
  • Regional Analysis
  • 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.
  • Europe flooring market was valued over USD 70
    Billion in 2016. Increasing construction output
    along with rising demand for green buildings are
    the key driving factors of the industry growth.
    Economic development accompanied by inclination
    towards tourism development 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.

Make An Inquiry To Purchase This Report _at_
https//www.gminsights.com/inquiry-before-buying/
122
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
6
Latest Research Report On Flooring Market _at_
https//www.gminsights.com/industry-analysis/floo
ring-market-size Request for sample of this
research report_at_ https//www.gminsights.com/requ
est-sample/detail/122 Request for
customization https//www.gminsights.com/roc/122

2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
7
Stay In Touch You can visit us at
www.gminsights.com
Thank You!
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
www.gminsights.com
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