Lewes, DE -- (SBWire) -- 01/26/2016 --Report forecast the global flooring market to grow at a CAGR of 6.37% during the period 2016-2020.
The residential sector was significantly affected by the global financial crisis of 2008 caused by the collapse of the housing bubble. The mortgage foreclosure crises were significant contributors to the global recession leading to a crash in house prices. APAC holds the largest market share in the residential sector with investment of $1.39 trillion in 2015 in this sector alone. APAC's share is expected to increase in the forecast period 2016-2020.
The growing tourism has highlighted the need for construction of new hotels. The construction companies and hotel owners have noticed the potential in the market, leading to intense competition amongst them.
The report covers the present scenario and the growth prospects of the global flooring market for the period 2016-2020. To calculate the market size, the volume of sales of new flooring and the revenue generated by it across the globe is considered in the forecast period.
According to the report, the growth potential of the flooring market is huge globally mainly due to the growth in the global construction sector. The demand for efficient and aesthetically appealing products is growing worldwide. In many of the developing and emerging economies such as those in APAC and Latin America, the demand for such products is increasing due to rapid urbanization in these regions.
Further, the report states that one of the major challenges faced by flooring manufacturers, contractors, suppliers, and consultants in the global flooring market is the effective disposal of flooring waste.
Global Flooring Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the Global Flooring market: Armstrong, Gerflor, Mannington Mills, Mohawk and Tarkett
Other Prominent Vendors in the market are: Anderson Hardwood Floors, Asian Granito, Fired Earth, Forbo, Interface Global, Karndean, and Milliken.
Market driver
- Growth of infrastructure sector
- For a full, detailed list, view our report
Market challenge
- Flooring waste disposal
- For a full, detailed list, view our report
Market trend
- Increasing demand for recycled flooring materials
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 58 pages and 35 Exhibit "Global Flooring Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by type, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
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