Market Overview

Industrial Flooring Market set to cross USD 20 bn by 2024


Industrial Flooring Market set to cross USD 20 bn by 2024

North America flooring market is expected to witness growth over 5% up to 2024 owing to growth in construction industry along with increasing investment on restoration of deficient structures.

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SELBYVILLE, Del., July 25, 2018 /PRNewswire-iReach/ -- According to a new growth forecast report by Global Market Insights, Inc. worldwide flooring market is expected to hit USD 450 Billion by 2024. 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.

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.

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LVT resilient flooring segment 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.

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.

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.

Buy this industry insights spread across 410 pages with 403 market data tables & 25 charts & figures from the 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" in detail along with the table of contents:

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.

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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Partial Chapters of the Table of Contents:

Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1.  Initial data exploration

1.1.2.      Statistical model and forecast

1.1.3.      Industry insights and validation

1.1.4.      Scope, definitions & forecast parameters

1.2. Data sources

1.2.1.  Secondary

1.2.2.      Primary

Chapter 2. Executive Summary

2.1. Flooring industry 3600 synopsis, 2012 –2024

2.1.1.  Business trends

2.1.2.      Product trends

2.1.3.      Application trends

2.1.4.      Regional trends

Chapter 3. Flooring Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2012 - 2024

3.3. Industry ecosystem analysis

3.3.1.  Vendor matrix

3.3.2.  Profit margin trends

3.3.3.      Distribution channel analysis

3.4. Regulatory landscape

3.4.1.   U.S.

3.4.2.   Europe

3.4.3.   China

3.5. Industry impact forces

3.5.1.   Growth drivers      Rise in construction spending

3.5.2.   Industry pitfall & challenges      Disposal of waste

3.6. Growth potential analysis

3.7. Price trends

3.7.1.   Historical & forecast      North America      Europe      APAC      LATAM      MEA

3.7.2.   Cost structure analysis

3.8. Porter's analysis

3.9. Flooring key competitor share analysis, 2016

3.9.1.   Global market share analysis

3.9.2.   Europe market share analysis by product      European manufacturer company market share by Carpets, 2016 (%)      European manufacturer company market share by Ceramics, 2016 (%)      European manufacturer company market share by Vinyl, 2016 (%)      European manufacturer company market share by Wood, 2016 (%)

3.9.3.   Strategy dashboard

3.9.4.   Key Stakeholders

3.10.    PESTEL analysis

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Media Contact: Jignesh Thakkar, Global Market Insights, Inc., +13028467766,

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