Market Research Future (MRFR) has announced the release of a new market research report on the global flooring market. The report talks in detail about the global flooring market’s growth prospects over the forecast period (2016-2022) in addition to its segmentation and hierarchy at the present time. Thus, the report presents a comprehensive picture of the global flooring market to readers, allowing them to form competitive strategies based on accurate, up to date information and reliable analytical methods. The report estimates the global flooring market to rise at a CAGR of 5% by 2022.
Flooring is an essential part of any construction. Flooring is necessary in creating a pleasing effect as well as in maintaining the structural integrity of any construction. Smooth glossy floors can add to the aesthetic appeal of the building immensely, while other types of flooring can be a massive help in creating other types of effects and adding to the resistance of the building against moisture and other environmental contaminants.
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The growing construction industry is likely to be the major growth driver for the global flooring market over the forecast period. Growth of the construction industry has been driven by the growing global population and the increasing urban population in particular, which has led to a growing need for infrastructure renovation as well as construction. The construction industry is likely to grow steadily over the forecast period due to the growing population as well as government support to the construction of new infrastructure and transportation solutions. The growing demand for home improvement and renovation is also likely to be a major driver for the global flooring market over the forecast period. The increasing disposable income of consumers across the world is leading to a steady rise in demand for home improvement projects, which is likely to lead to a steady rise in the global flooring market.
Segmental Analysis:
The global flooring market is segmented on the basis of material, type, application, and region in the report.
The global flooring market is segmented by material into carpets, tiles, vinyl and rubber, wood, and others.
The global flooring market is segmented by type into soft covering, resilient, non-resilient, and others.
By application, the global flooring market is segmented into healthcare, education, hospitality, retail, and sports.
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Regional Analysis:
Asia Pacific is the dominant regional flooring market in the world. The growing construction industry in Asia Pacific is likely to drive the demand for flooring over the coming years. Rapid growth in urbanization in Asia Pacific, especially in rapidly developing countries such as China, India, Indonesia, Malaysia, Korea, and Japan, is likely to be a major contributor to the global flooring market over the forecast period. The growing disposable income of consumers in these regions has led to steady growth of the construction industry, which is likely to remain a major driver for the flooring market in the region. The increasing number of construction companies in the region is also likely to remain a key driver for the global flooring market, as it is expected to result in a steady rise in innovation in flooring materials as well as increasing sales due to the availability of simpler logistics as compared to Western companies trying to muscle in on the local APAC markets.
North America is also expected to grow at a significant pace over the forecast period due to the presence of numerous major construction industry players in the region. The growing demand for home renovation among North American households is also likely to drive the flooring market in the region over the forecast period.
Key Players
 Gerflor Group (France)
 LG Hausys, Ltd. (Korea)
 Flowcrete Group Ltd (U.K)
 Polyfloor Inc. (U.K.)
 Forbo Holding AG. (Switzerland)
 Tarkett Company (France)
 Floorworld LLC (Dubai)
 Mohawk Industries Inc. (U.S.)
 Shaw Industries, Inc. (U.S.)
 Mannington Mills Inc. (U.S.)

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