Harrisburg, NC -- (SBWIRE) -- 04/01/2019 -- Global Flooring Market is expected to strongly dominate the global economy with a substantial growth rate in upcoming years. Rapidly developing industry infrastructure, increased product commercialization, and drifting demands of the Flooring are bolstering Flooring industry's foothold to become more influential and considerably contribute in international revenue generation.
The global Flooring market is valued at 31300 million US$ in 2018 is expected to reach 48400 million US$ by the end of 2025, growing at a CAGR of 5.6% during 2019-2025.
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In terms of region, Asia Pacific dominated the flooring market in 2017. Asia Pacific and Europe cumulatively accounted for more than 62% share of the global flooring market in 2017. North America is a mature market for the flooring industry. The real estate industry in above mentioned regions is expanding rapidly due to the shift in government focus toward infrastructure development. Implementation of beneficial regulations along with rising population is making the flooring market in Asia Pacific region highly attractive. The flooring market in North America, Europe, and Asia Pacific is expected to expand at a fast pace, while that in Latin America and Middle East & Africa is projected to expand at a moderate pace during the forecast period.
Prominent Vendors in the global Flooring market are –
Mohawk Industries (US), Shaw Industries (US), Tarkett (France), Armstrong Flooring (US), Forbo (Switzerland), Gerflor (France), Interface (US), Beaulieu International (Belgium), TOLI Corporation (Japan), Milliken & Company (US) and Other.
This report studies the global market size of Flooring in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Flooring in these regions.
Market Segment by Type, covers
Carpets & Rugs
Resilient (Vinyl, Cork, Linoleum, Rubber, Resin)
Non-resilient (Ceramic, Stone, Wood, Laminate)
Market Segment by Applications, can be divided into
The report includes a thorough analysis of substantial returns that has been projected to be gathered at the end of the forecasted period of time. The report also emphasizes the evaluation of materials and markets, unpredictable industry structure, technological advancements and capacities of the Flooring market. Besides, the report reviews the core knowledge of the market by analyzing end user's consumption tendency, ever-changing market dynamics, Flooring market driving factors, and emerging development patterns in the market.
Moreover, the report centers over leading contenders in the Flooring industry and renders all-inclusive analysis considering their market share, size, production capacity, value chain analysis, sales and distribution network, import/export activities, cost structure, and product specification. Due to the changes in world business policies, it is continuously recommended to be informed with the facts and reliable data about this market.
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The objectives of the Market Research Explore report on the Global Flooring Market are:
- To analyze and forecast the Global Flooring Market by segmenting it on the basis of types, application, inventions, time-based performance and end user.
- The report by Market Research Explore analyzes various macro- and microeconomic factors affecting the Global Flooring Market.
- To provide insight into the major factors affecting the global Flooring Market around the world such as Its drivers, hurdles, opportunities, and challenges.
- To inform about the key players along with their strategies, products/services, research, and development plans.
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