OCEAN VIEW, Delaware,
August 22, 2017 /PRNewswire/ --
The global industry share report "Flooring Market Size
By Product (Soft Coverings, Resilient Flooring [LVT, VCT, Vinyl
Sheet, Fiberglass, Linoleum], Non-Resilient Flooring [Ceramic,
Stone], Seamless Flooring), By Application (Residential,
Commercial, Industrial) Industry Analysis Report, Regional Outlook
(U.S., Canada, Germany, UK, France, Italy, Russia, Spain, Netherlands, Sweden, Poland, Belgium, Austria, China, India,
Japan, Australia, South
Korea, Brazil, Mexico, Argentina, Saudi
Arabia, UAE, South Africa),
Growth Potential, Price Trends, Competitive Market Share &
Forecast, 2017 - 2024" by Global Market
Insights, Inc. says Flooring Market is set to surpass USD 450 Billion by 2024.
(Logo:
http://photos.prnewswire.com/prnh/20160418/799556-a )
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.
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@ https://www.gminsights.com/request-sample/detail/122
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.
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.
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.
Browse key industry insights spread across 410 pages with 403
market data tables & 25 charts & figures from the report
Flooring Market in detail along with the table of contents
at:
https://www.gminsights.com/industry-analysis/flooring-market-size
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.
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.
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.
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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About Global Market Insights
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