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Global Flooring Market Will Benefit from Increasing Construction Activities in the BRIC

Transparency Market Research Added A New Report "Flooring Market" And Its Full Database.


Albany, NY -- (SBWIRE) -- 05/21/2015 -- The booming construction industry is driving the global flooring market. In 2013, global construction output was recorded around US$7.5 trillion. The worldwide output of the construction industry is expected to more than double by 2025. Furthermore, the implementation of renovation and home improvement projects is also supporting the growth of the global flooring market.

On the basis of type, the global flooring market is segmented into bamboo flooring, laminate flooring, hardwood flooring, seamless chemical flooring, hard flooring, and others. Each flooring type provides distinct characteristics. Application-wise, the global flooring market is divided into the residential sector, the industrial sector, and the commercial sector. Geographically, the report on the global market for flooring is segmented into Asia Pacific, North America, Europe, and Rest of the World (RoW).

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The report on the global flooring market is a comprehensive industry analysis with accurate market estimates and forecasts. The report provides a complete research solution along with recommended strategies. Key developments in the industry along with the detailed profiles of the leading companies are available in the report.

Overview of the global flooring market:
The global flooring market will also benefit from the rapid development in the emerging markets of Asia Pacific and Latin America. Asia Pacific held the majority of total demand in 2013 and is anticipated to retain its dominance in the foreseeable future. China and India are the largest markets for flooring. Apart from these two East Asian giants, Turkey, Saudi Arabia, Indonesia, Japan, South Korea, and the UAE are other major consumers from Asia Pacific and the Middle East. The Western markets of North America and Europe are expected to demonstrate a steady rise in the demand for flooring, though not at a rate as robust as the one in Asia Pacific.

The residential sector in the global flooring market held the largest market share in 2013, due to the growing number of home improvement and renovation projects. The soft coverings segment is anticipated to hold a major market share in the coming years. On the other hand, the segment of resilient flooring will display substantial growth during the forecast period, as it is more affordable, easy to install, and low on maintenance.

Consumers in the global flooring market prefer hassle-free installation and environmentally sustainable products. Other factors that consumers consider while buying flooring are cost, cleaning efforts, durability, comfort, and cost. Hence, the popularity of bamboo flooring and laminate flooring, which satisfy all these conditions, is growing. However, environmental regulations and volatile raw material prices are expected to restrain the growth of the global flooring market.

Companies mentioned in the research report

The players in the global flooring market will benefit from increasing construction activities in the BRIC (Brazil, Russia, India, and China) countries. The key companies operating in the global market for flooring are Anderson Hardwood Floors, American Biltrite Incorporated, RPM International Incorporated, TOLI Corporation, Stankiewicz International, Shaw Industries Group, Zickgraf Hardwood Flooring USA, and VPI Corporation.

Major geographies analyzed under this research report are:
North America
Rest of the World

This report gives you access to decisive data such as:
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for the coming years

Key highlights of this Report:
Overview of key market forces propelling and restraining market growth
Up-to-date analyses of market trends and technological improvements
Pin-point analyses of market competition dynamics to offer you a competitive edge
An analysis of strategies of major competitors
An array of graphics and SWOT analysis of major industry segments
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis
Offers a clear understanding of the competitive landscape and key product segments

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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