Global Flooring Industry to reach USD 506.6 billion by 2025.
Global Flooring Industry valued approximately USD 307.6 billion in 2016 is anticipated to grow with a healthy growth rate of more than 5.7% over the forecast period 2017-2025. Key factors which give growth to the Flooring Industry are Increase in renovation & remodeling activities, rapid urbanization, and increase in investments in the construction industry drive the growth of the flooring Industry. The residential segment is projected to account for a larger share through 2023. Growing focus toward interior decoration and comfort, coupled with rising disposable income of people are expected to drive the demand for flooring in the residential industry.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the Industry are explained below:
Carpets & Rugs
By End Use:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015
Base year – 2017
Forecast period – 2018 to 2025
Some of the key manufacturers involved in the Industry Mohawk industries, Shaw industries, tarkett, Armstrong flooring, forbo, gerflor, interface, beaulieu international, Toli Corporation, Milliken & company. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Global Flooring Industry in Industry Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers