Flooring Market Study Report from 2021 to 2027 - PowerPoint PPT Presentation

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Flooring Market Study Report from 2021 to 2027

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Title: Flooring Market Study Report from 2021 to 2027


1
Flooring Market Demand Analysis and Growth
Forecast from 2021 to 2027
  • Significant rise in construction and
    infrastructure developments across the
    residential, commercial and industrial sector has
    drawn considerable attention towards flooring
    over the past few years. This is fueling the
    application of flooring material across these
    sectors, providing positive growth prospects for
    global flooring market. According to Global
    Market Insights, Inc., flooring market size is
    projected to surpass USD 480 billion by 2027.
  • Flooring industry is witnessing strong growth
    from increasing expenditure towards construction
    in the commercial and residential segment. The
    economic growth across Latin American and Asian
    countries is fostering the construction industry,
    which in turn is impelling the adoption of
    flooring material. Increasing demand for new
    houses on account of growing population is
    further supporting the business expansion.

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2
  • With regards to the industrial segment, it would
    be pivotal to mention that there has been a
    substantial increase in the number of industrial
    establishments across the emerging economies.
    This has increased the penetration of seamless
    floorings in industrial sector. With this
    burgeoning demand, industrial application segment
    is anticipated to register an appreciable
    valuation of more than 20 USD billion by 2027.
  • Material for flooring comes in resilient and
    non-resilient type. Resilient flooring material
    is gaining immense popularity owing to the
    advantages offered by it such as resistance to
    cracks and crevices, resistance to moisture,
    sound absorption and cost-effectivity.
  • Besides, ongoing product enhancement and
    technical advancements in resilient flooring
    products is stimulating their adoption further.
    Citing an instance, in 2021, Unilin Technologies
    introduced its proprietary bevel technology for
    resilient flooring. According to the company,
    this technology involves pressing the edges of
    resilient flooring panel downwards into a bevel
    which ensures that the decor layer and board
    texture continue until the innermost point of the
    bevel. It improves the appearance of resilient
    flooring to be closer to real wood.
  • However, the ongoing COVID-19 crisis has affected
    the global construction industry which has
    subsequently affected flooring market space. But
    with gradual relaxation in COVID restrictions,
    the market situation is expected to improve and
    will continue to grow over the upcoming years.

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3
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4
  • Regional Analysis
  • Speaking of the regional outlook, Europe has
    emerged as a matured and developed market for
    flooring material. This is majorly due to the
    strong presence of end-user industries along with
    the expansion of residential construction
    industry in the region. The growth of regional
    industry is further backed by the mounting demand
    for office spaces which is fostering the
    commercial flooring. Considering these factors,
    Europe flooring market is projected to register a
    lucrative CAGR of around 3.5 through 2027.
  • Competitive Analysis
  • Major players involved in the flooring market are
    Amtico, Armstrong Floor, Mohawk Industries,
    Tarkett, Marazzi Group, etc.

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5
Latest Research Report On Flooring Market _at_
https//www.gminsights.com/industry-analysis/floor
ing-market-size
Request for sample of this research report_at_
https//www.gminsights.com/request-sample/detail/
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.com/roc/122
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