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Flooring Market Analysis by Industry Growth, Size, Share, Demand, Trends and Research Report, 2021-2028

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Swapnil GVR
Flooring Market Analysis by Industry Growth, Size, Share, Demand, Trends and Research Report, 2021-2028

The global flooring market size was valued at USD 388.24 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.1% from 2021 to 2028. Increasing government spending on infrastructural development is expected to play an important role in augmenting the demand for flooring. The rising need for comfort and privacy owing to noisier surroundings has spurred the demand for insulation across the flooring market as a well-insulated floor creates an improved sound environment.

 

The development of hassle-free installation techniques, availability of innovative construction solutions, and the rising demand for environmentally sustainable products are anticipated to fuel the industry growth. The presence of a stringent regulatory framework on the production, usage, implementation, and recycling is also likely to have a positive impact on the market growth.

 

Key Player Mentioned:

 

·       Mohawk Industries, Inc.

·       Tarkett, S.A.

·       AFI Licensing

·       Shaw Industries, Inc.

·       Interface, Inc.

·       Gerflor

·       Mannington Mills, Inc.

·       Polyflor

For Right Perspective & Competitive Insights, Request a Sample @: https://www.grandviewresearch.com/industry-analysis/flooring-market-analysis/request/rs1

The resilient flooring segment is estimated to register the fastest CAGR from 2021 to 2028 due to the high demand for these materials in commercial applications, such as offices, gyms, fitness centers, hospitality buildings, and others. These products are cost-efficient and durable and are the right fit for use in high-traffic residential and commercial areas on account of their ease of maintenance and noise-reduction capabilities. Moreover, resilient floorings are dense, non-absorbent in nature, and comfortable to walk on.

 

Product Segment Analysis:

 

·        Soft Covering

·        Resilient

·        Non-resilient

·        Seamless

Application Segment Analysis:

·        Residential

·        Commercial

·        Industria

Regional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and Africa.


Access Press Release @:  https://www.grandviewresearch.com/press-release/commercial-flooring-market

Innovations and new trends in floor designs and construction solutions have driven the overall market. The market is highly competitive with numerous companies offering a variety of products for residential, commercial, and industrial applications. Several manufacturers are engaged in research & development activities to introduce sustainable flooring materials. Moreover, companies are focusing on extending their geographical presence and product portfolios to sustain the competitive environment.

 

The study objectives of this report are:

- to research global status, future forecasts, growth opportunities, key markets and key players.

- To present the market development in us, Europe and China.

- To strategically profile the key players and comprehensively analyze their development plan and methods.

KEY aspects covered in the report include:

1. The market size and industry growth rate of the global and regional market across various segments

2. The region or the sub-segment that is expected to drive the Flooring market in the forecast period 2021-2028

3. Key companies operating in the global Flooring market and their market share

4. The Factors that are estimated to drive the Flooring Market growth

5. Key opportunities in the Flooring market

6. Key technological advancements and market trends that shape the market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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