Flooring Market to Experience High Growth by 2024 - PowerPoint PPT Presentation

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Flooring Market to Experience High Growth by 2024

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Global Market Insights newly added the Global Flooring Market Report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, and forecast in the coming years. – PowerPoint PPT presentation

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Date added: 11 November 2019
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Title: Flooring Market to Experience High Growth by 2024


1
Flooring Market Study by Analysis of Leading
Players over 2019 2024
  • 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.
  • The growth of flooring market size is forecast to
    be substantially high in the ensuing years,
    augmented by the expanding construction
    ecosystem. Robust increase in construction
    spending across industrial, commercial, and
    residential sectors has significantly upscaled
    flooring market trends, especially across
    emerging nations.
  • As per reliable estimates, global construction
    spending is expected to surpass USD 15 trillion
    by the end of 2024, which clearly portrays the
    lucrative opportunities for the global flooring
    market in the coming years. Smart flooring has
    already become the latest buzzword among the
    infrastructural players, with workplace décor and
    stylish homes claimed to be the ultimate
    reflection of high standards of living.

2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
2
  • Flooring Market Scenario
  • In response to the growing demand for flooring
    materials with blend of style, economic, as well
    as efficiency quotients, flooring market giants
    are coming up with variety of options that not
    only reflects aesthetics in design, but also
    stands as the test of time.
  • The increasing demand for rugs and carpets in
    offices and housing complexes has phenomenally
    swayed the product penetration across major
    economies. Endorsed with a unique dust binding
    property and reduced noise effect, soft flooring
    will continue to gain traction through 2024.
  • Speaking of the product terrain, non-resilient
    floorings are also gaining momentum lately.
    Non-resilient flooring types include stone,
    laminates, ceramics, and wood. Ceramic tiles are
    one of the most highly preferred tile options on
    account of their cost effectiveness, high
    durability, scratch scratch resistance, lower
    maintenance requirements, and ease in
    installations. Stone floorings on the other hand,
    made out of travertine, sandstone, marble, and
    granite also offer lucrative design options.
  • In terms of commercialization, Global Market
    Insights, Inc., estimates flooring industry size
    to exceed a valuation of USD 450 billion by 2024.

2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
3
  • Request for sample of this research report_at_
    https//www.gminsights.com/request-sample/detail/
    122

2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
4
  • Regional Analysis
  • As per reliable sources, APAC is projected to
    account for over 40 of the global construction
    market by 2020. Besides, extensive developments
    in manufacturing sector along with growing
    population have further propelled flooring
    industry proliferation in this belt. Experts
    claim, China and India to be the two protruding
    regions that would showcase tremendous growth.
  • Competitive Analysis
  • Worldwide, flooring industry is highly fragmented
    with the presence of a large number of regional
    and local manufacturers. Some of the leading
    names include Tarkett, Shaw Floors, Mannington
    Mills, Beaulieu, Armstrong, Marazzi Group, and
    Mohawk Industries. Driven by the sustainability
    trends that have created an increasing demand for
    ecofriendly floor coverings, these giants are
    heavily investing in innovative solutions that
    are not only stylish in décor but also are
    environmentally viable.

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
5
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/request
-sample/detail/122
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
6
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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