ID: MRFR/CO/1887-HCR | February 2021 | Region: Global | 140 pages
Flooring market is expected to grow at 5% CAGR during the forecast period.
Asia-Pacific dominates the global market followed by North America and Europe. Rapid growth in industrialization and urbanization in Asia-Pacific region is driving the demand of flooring market. This region is expected to grow at the fastest pace during the forecast period. North America is expected to grow at significant pace during the forecast period mainly due to the presence of a large number of construction industries in this region.
The key players of global flooring market are 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.) and Mannington Mills Inc. (U.S.)
Flooring is the permanent covering of a floor. Rapid growth in construction industry across the globe is primarily driving the global market. Additionally, rise in home improvement and renovation projects are also fueling the growth of the market. However, effective disposal of flooring waste may hamper the growth of global market. A considerable amount of flooring waste is generated by both new installations and replacement procedures, leading to monetary losses for the consumers.
|Market Size||2027: Significant Value|
|CAGR||5% CAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material, Type, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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.) and Mannington Mills Inc. (U.S.)|
|Key Market Opportunities||Rapid growth in industrialization and urbanization|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Major materials used in the flooring market include vinyl and rubber, carpets, tiles, wood, and others.
Global flooring market is expected to exhibit a strong 5% CAGR over the forecast period till 2022.
The growing construction industry is the major driver for the flooring market.
Asia Pacific is likely to dominate the global flooring market over the forecast period.
Leading players in the global flooring market include LG Hausys, Gerflor Group, and Polyfloor Inc., among others.