The global flooring market is projected to reach $475 billion by 2030, at a CAGR of 5.1% during 2024-2030. The growth of flooring market is driven by increasing residential construction and growth in renovation and remodeling activities.
Some of the key questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the flooring market by end use
(residential, healthcare, education, hospitality, retail, office, others).
Flooring type (Carpets and rugs, resilient flooring, and non-resilient) and
region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the flooring market?
Q.4 What are some
changing demands of customers in the flooring market?
Q.5 What are the new
developments in the flooring market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this flooring area and how big of a
threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this flooring market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include increasing demand
for loose lay flooring and the introduction of aqua+ technology in laminate
flooring.
Market Segmentation:
Based on type, the
flooring market is segmented into Carpets and rugs, resilient flooring, and
non-resilient. The non-resilient flooring segment accounted for the largest
share of the market in 2024 and is expected to register the highest CAGR during
the forecast period, due to increasing demand for ceramic tiles in developing
region.
Asia Pacific is expected
to remain the largest region; it is also expected to witness the highest growth
over the forecast period supported by increasing urbanization and building
construction activities.
Key Players in the
flooring market are Mohawk industries, Shaw industries, Tarkett, Beaulieu
International, Dixie Group Inc, Forbo Holding, Interface Incorporation, and
Armstrong Flooring.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
Explore Our Latest Publications
General Purpose Electronic
Test & Measurement Instrument Market
No comments:
Post a Comment