ADVERTISEMENT
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Flooring Market (2021 to 2025) - Growth Trends and Forecasts - ResearchAndMarkets.com

January 11, 2022 GMT

DUBLIN--(BUSINESS WIRE)--Jan 11, 2022--

The “Flooring Market - Global Industry Analysis (2017 - 2020) - Growth Trends and Market Forecast (2021 - 2025)” report has been added to ResearchAndMarkets.com’s offering.

The global flooring market is expected to be worth US$285.5 Bn by 2025 from US$208.8 in 2017. The market is expected register a CAGR of 6.9% during the forecast period, as rise of renovation and remodelling gives flooring its due importance.

Companies Mentioned

  • Mohawk Industries
  • Shaw Industries Group, Inc.
  • Tarkett S.A.
  • Beaulieu International Group N.V.
  • Forbo Holding AG
  • Interface Inc.
  • Gerflor SAS
  • Grupo Lamosa
  • RAK Ceramics P.J.S.C
  • Mannington Mills Inc.
  • Balta Industries N.V.
  • Armstrong Flooring
  • Pamesa Ceramica
  • Kajaria Ceramics 

ADVERTISEMENT

The global flooring market is slated to receive a boost as the construction and refurbishment activities go up. A critical component of interior, flooring demand is expected to spike as modern tiles offer better aesthetics and function to a given space. The publisher states that flooring takes up about 10% total construction cost, which indicates a good growth rate for the market during the forecast period between 2021 and 2025.

Demand for Flooring in Residential Sector to Dictate Growth

As of 2018, the residential sector held a share of nearly 50% in the global flooring market. Increasing number of home buyers, specially in the developing economies, are expected to drive up the demand for this segment. Smaller family units, improved incomes, focus on achieving better standard of living, and availability of a wide range of flooring options from tiles to carpet have encouraged the segment to reach newer heights in the past few years. Analysts anticipate that the trend is likely to continue as India and China see a construction boom to accommodate migratory population in urban spaces.

Ceramic Tiles Show Dominance

Ceramic tiles have been noted to hold the highest share in the global flooring market historically and in estimation. Their sheer popularity, easy installation processes, and a wide spectrum of design availability have won the segment a sizeable clientele across commercial, industrial, and residential sectors.

ADVERTISEMENT

As of 2018, the segment held about 60% of the total flooring market. Ceramic tiling allows the look to be seamless, bringing in a visual appeal that is highly prized for the end users. Furthermore, with designs that intelligently mimic natural stones, the demand for ceramic tiles are cleverly outsmarted natural stones, giving the end users the same feel at a lesser cost and higher efficiency. The maintenance of ceramic tiles is lesser as compared to natural stones, which has also been a winning point for the segment over the years.

Vast Scope of Housing Projects in Asia Pacific Enable Regional Market to Lead

Rise of housing projects at a monumental pace across Asia Pacific is expected to be the primary reason for the lion’s share of the region in the global flooring market. Industrialization, urbanization, and growing number of new home buyers due to a younger demographic are expected underpin the demand for flooring market.

Increasing investments in construction and renovation in these countries has also created a positive effect on the demand for flooring. Strong presence of flooring companies across India will make a significant contribution o the thriving regional market. Players such as Kajaria Ceramics, Welspun Flooring Ltd., Nitco Tiles, Orient Bell, and RAK Ceramics have unwavering forces driving the India flooring market with constant innovation in design.

Key Topics Covered:

1. Executive Summary

2. Market Overview

2.1. Market Definitions and Segmentations

2.2. Market Dynamics

2.2.1. Drivers

2.2.2. Restraints

2.2.3. Market Opportunities

2.3. Value Chain Analysis

2.4. Porter’s Five Forces Analysis

2.5. Covid-19 Impact Analysis

2.5.1. Supply

2.5.2. Demand

2.6. Economic Overview

3. Production Output and Trade Statistics

4. Price Trends Analysis and Future Projects 2017 - 2025

4.1. Price Trends Analysis and Future Projects 2017 - 2025

4.2. Global Average Price Analysis, by Product vs Application, US$ per Kg

5. Global Flooring Market Outlook 2017 - 2025

6. North America Flooring Market Outlook 2017 - 2025

7. Europe Flooring Market Outlook 2017 - 2025

8. Asia Pacific Flooring Market Outlook 2017 - 2025

9. Latin America Flooring Market Outlook 2017 - 2025

10. Middle East & Africa Flooring Market Outlook 2017 - 2025

11. Competitive Landscape

12. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/3oia82

View source version on businesswire.com:https://www.businesswire.com/news/home/20220111005940/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD:

INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY

SOURCE: Research and Markets

Copyright Business Wire 2022.

PUB: 01/11/2022 12:24 PM/DISC: 01/11/2022 12:24 PM

http://www.businesswire.com/news/home/20220111005940/en