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Global Flooring Market Growth, Size, Share, Report, Trends, Key Players, Forecast 2023-2028

The ‘Global Flooring Market Share and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global flooring market, assessing the market on the basis of its segments like type, application, and major regions.

Flooring Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

  • Forecast CAGR (2023-2028): 6%

Consumer preferences for flooring that is low maintenance and simple to install, as well as for designs, textures, and colours that are more aesthetically pleasing are expected to drive the growth of the flooring market. Since a well-insulated floor produces a better acoustic environment, the growing desire for comfort and solitude as a result of noisier surroundings has increased demand for insulation in floorings.

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In the commercial sector, flooring is frequently used to improve the floor’s aesthetic appeal since it supports a broad variety of bespoke designs and improves the texture and colour of the floor. The flooring market is anticipated to expand as a result of the creation of hassle-free installation methods, availability of creative design options, and the increased acceptance of ecologically friendly materials.

With numerous varieties and patterns available, flooring is seen as an investment. Hardwood flooring is by nature more durable and lasts for a long time, doesn’t need a lot of regular maintenance, and is easy to set up. The wood’s unique appearance and texture contribute to the floor’s aesthetic appeal. Due to its lower manufacturing emissions and commitments of various manufacturers to plant trees in place of those harvested, hardwood floors are becoming more popular.

Flooring Industry Definition and Major Segments

Flooring refers to the materials used to cover the fundamental floor structure in a permanent floor covering. The purpose of installing flooring is to provide a levelled, sturdy, secure, and ideal walking surface. Various materials can be used for flooring depending upon the needs of the space, level of exposure, usage, and aesthetic preference.

Based on type, the market is categorised into:

  • Resilient

Breakup by Type

  • Vinyl
  • Linoleum
  • Rubber
  • Others
  • Non-Resilient

Breakup by Type

  • Ceramic
  • Wood and Laminate
  • Carpet
  • Others

On the basis of application, the market is segmented into:

  • Residential
  • Commercial
  • Others

Based on region, the market is divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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Flooring Market Trends

The flooring market is expanding as a result of the rapid infrastructure development brought on by the rising population in developing nations. The expansion of the market is also being bolstered by rising investments towards the comfort and aesthetic appeal of residential structures as a result of growing disposable income. The availability of inventive construction solutions, development of simple installation methods, and the rise in demand for ecologically friendly materials are all key trends in the market. Reclaimed Parquet Flooring, for example, is becoming more popular as a biodegradable and environmentally friendly flooring option.

Spending by consumers on home decor and remodelling is rising, supported by an increase in home ownership across multiple countries. The availability of high-end flooring in new shapes and styles, as well as the growing awareness of high-quality flooring, are expected to open up lucrative opportunities to the flooring market. More home owners are experimenting with permanent DIY flooring, while renters often try out temporary flooring that can be easily switched as needed.

Key Market Players

The major players in the global flooring market report are Mohawk Industries Inc., Shaw Industries Group, Inc., Tarkett Group, Armstrong Flooring, Inc., and Gerflor Group, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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