The flooring market accounted for a value of USD 364.84 Billion in 2019 and is expected to reach USD 536.52 billion by 2027, with a CAGR of 5.3% over the forecast period.

New York, NY -- (SBWire) -- 01/15/2021 --Flooring is the permanent covering of a floor. The robust growth in the construction industry around the world is prominently influencing the global flooring market. Also, an increase in home renovation is boosting the growth of the market.

Market Drivers

Renovation and home remodelling activities are rising around the world, as these activities are backed by programs run by various governmental bodies. The changing lifestyle and the increase in disposable income of individuals are also affecting the market growth. Use of luxury products to enhance the overall aesthetic appearance of homes and other institutions has boosted the production of flooring. Moreover, the increased socialization and growth of expendable incomes is leading to a rise in spending on home improvement by people, and the market size has grown manifolds.

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Companies considered and profiled in this market study

Mohawk Industries, Inc., Tarkett S.A., AFI Licencing, Burke Flooring Products Inc., Forbo Flooring, Shaw Industries, Inc., Interface Inc., Gerflor, Polyflor, Mannington Mills, Inc. have been profiled in this report. They are the major manufacturers of the product.

Regional Outlook

The Asia Pacific emerged as the dominant region in the market in 2019, owing to the high building expenses in India and China. Non-resilient flooring has led the regional growth, and the evolving consumer demand is expected to influence the growth in the near future. With better designs and extensive product differentiation, the market in this region will witness robust growth. The construction industry of India is projected to make a significant contribution, due to several government reforms for its growth. The Indian Government's 'Housing for All' initiative is projected to rise the demand for flooring items in the region.

For the purpose of this report, Reports and Data have segmented into the Flooring Market based on the product, application, distribution channel, and region:

Product Outlook (Revenue, USD Billion; 2017-2027)

Soft Covering Flooring
Resilient Flooring
Non-Resilient Flooring
Seamless Flooring

Application Outlook (Revenue, USD Billion; 2017-2027)

Residential
Commercial
Industrial

Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)

Retail Distribution Channel
Wholesale and Distributor Business Trend

Regional Outlook (Revenue, USD Billion; 2017-2027)

North America
Europe
Asia Pacific
MEA
Latin America

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Table Of Content:

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique

Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027

Chapter 3. Indicative Metrics

Chapter 4. Flooring Market Segmentation & Impact Analysis
    4.1. Flooring Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                   4.2.2.1. Increasing infrastructure expenditure
                   4.2.2.2. Increase in remodeling, renovation activities and rapid urbanization
                   4.2.2.3. Growth in investments in construction industry
         4.2.3. Market restraints analysis
                  4.2.3.1. Volatile Raw material prices
                  4.2.3.2. Increase in health and environment concern
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. ETOP Analysis
    4.6. Porter's Five Forces Analysis
    4.7. Competitive Metric Space Analysis
    4.8. Price trend Analysis
    4.9. Customer Mapping
    4.10. Covid-19 Impact Analysis
    4.11. Global Recession Influence

Continue…

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