Flooring Market Is Projected To Be Around $435.67 Billion By 2025

Publish Date : 2017-10-04

Buy Now Request Sample Request for Customization

A research study titled, “Flooring Market by Product and Application - Global Industry Analysis and Forecast to 2025” published by Crystal Market Research, states that the flooring market is projected to be around $435.67 billion by 2025.

The global flooring market was worth USD 250.12 billion in the year of 2016 and is anticipated to reach approximately USD 435.67 billion by 2025 while registering itself at a compound annual growth rate (CAGR) of 6.36% over the forecast period. Flooring is the universal term used for a permanent coating of a floor, or for the function of putting in such a floor coating. Floor coating is a term that broadly describes any coating material applied across a floor to offer a walking surface. Both terms are utilized in an interchangeable manner but floor coating concerns more to the loosely laid materials. Flooring Materials are broadly classified as laminate, carpet, stones, vinyl, and tile. These are used for industrial, residential and commercial building applications. The flooring products are accessible in an extensive range of design options and price rates.

The global flooring market is predicted to witness considerable growth over the forecast period due to rising construction activities in building and construction sector. Globally increasing demand for aesthetically appealing and efficient products is boosting the global flooring market over the forecast period. In many of the emerging and developing countries in Latin America and Asia-Pacific, the demand for such products is rising owing to the speedy urbanization. However, the efficient discarding of flooring desecrate is likely to create challenges to the growth of the global market over the forecast period. Flooring waste is produced by both replacement procedures and new installations. Rising disposable earnings and spending of customers on aesthetically appealing products as well as superior quality ones, the smashing urbanization rate has generated a large thrust for the flooring demand across the globe. Furthermore, the rapid infrastructural growths in urban countries have remarkably amplified the flooring product’s demand, while fueling the global market.

The key market manufacturers for the global flooring market are Mohawk Industries, Mannington Mills, Inc., GERFLOR SAS, Shaw Industries Group, Inc., Interface, Inc., and Armstrong World Industries, Inc. By application, the market industry is classified as; Residential, Industrial and Commercial. According to product types, the global market is split into; Wood, Carpets & Rugs, Tiles, Resilient and Others (Stone, Laminate etc.) Geographically, the global flooring market is segmented in regions which are; Asia-Pacific (Japan, China, India, Australia, South Korea and Rest of Asia Pacific), Europe (Germany, Spain, Italy, France, UK and Rest of Europe), North America (the United States, Mexico and Canada)and Rest of the World (Brazil, Saudi Arabia, South Africa, United Arab Emirates and Others).

Browse full research report with TOC on "Flooring Market Is Projected To Be Around $435.67 Billion By 2025" at :

https://www.crystalmarketresearch.com/report/flooring-market

Key findings of the flooring market

  • The global flooring market was worth approximately USD 250.12 billion in 2016 and is estimated to reach around USD 435.67 billion by 2025 with a compound annual growth rate (CAGR) of 6.36% during the forecast years.
  • In 2013, soft coverings ruled the demand of flooring and reported for around 35% of the total market share. Resilient flooring industry is anticipated to witness extensive growth during the next few years, as it presents benefits like easy installation, low maintenance, and cost effectiveness. Amplified demand for antibacterial and antimicrobial flooring is likely to impact the demand for resilient flooring favorably.
  • In 2013, residential application segment was the major application part and reported for around 50% of the total market share. Due to rising demand all over the construction business and amplified home renovation and improvement projects, the global market in residential applications for flooring products is anticipated to experience growth during the forecast years.
  • Asia Pacific region reported for around 45% of the global market demand in the year 2013 and is projected to persist dominating the global market during the next few years. This can be assigned to enlarged demand for non-residential and residential construction spaces owing to urbanization and growth of the population.
  • Major market participants are Mohawk Industries, Shaw Industries, Mannington Mills, Interface, Inc., Armstrong World Industries, Inc. Developing a perpendicularly incorporated infrastructure is anticipated to be a serious success factor for attaining market share. Consequently, mergers and acquisitions, together with fulfilling customer preferences via product separation have been amongst the major strategies implemented.

Related Reports

  • Vinyl Flooring Market by Product Type and Application- Global Industry Analysis & Forecast to 2027

    Vinyl Flooring MarketBy Product Type (Luxury Vinyl Tile and Vinyl Sheets & Vinyl Composite Tile) and Application (Residential, Health Care, Retail, Education, Sport, Hospitality, Office, Industrial, and Automotive)- Global Industry Analysis & Forecast to 2027,The Vinyl Flooring Markethas encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period.Vinyl Flooring is made from all-natural materials and have maintenance free beyond general sweeping and mopping.Vinyl Flooring isversatile, and can hold up in moist environments and realistic wood plank and stone tile appearance.

  • Read More >>
  • Vinyl Flooring Market by Product Type and Application- Global Industry Analysis & Forecast to 2027

    Vinyl Flooring MarketBy Product Type (Luxury Vinyl Tile and Vinyl Sheets & Vinyl Composite Tile) and Application (Residential, Health Care, Retail, Education, Sport, Hospitality, Office, Industrial, and Automotive)- Global Industry Analysis & Forecast to 2027,The Vinyl Flooring Markethas encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period.Vinyl Flooring is made from all-natural materials and have maintenance free beyond general sweeping and mopping.Vinyl Flooring isversatile, and can hold up in moist environments and realistic wood plank and stone tile appearance.

  • Read More >>
  • Resilient Flooring Market by Type and Application - Global Industry Analysis & Forecast to 2027

    Resilient Flooring Market by Type (LVT, VCT, Vinyl Sheet, Fiberglass, Linoleum, Others) Application (Residential, Commercial, Industrial) - Global Industry Analysis & Forecast to 2027,The Resilient Flooring Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Resilient Flooring is a flooring created from carefully selected natural and synthetic materials. Resilient flooring is a highly engineered combination of polymer materials that provide extra strength and durability for the lifetime of the product.

  • Read More >>
  • Stone Tile Flooring Market by Type and Application - Global Industry Analysis & Forecast to 2027

    Stone Tile Flooring Market by Type (Marble Tiles, Travertine tiles, Granite Tiles, Others) Application (Residential Building, Non-residential Building) - Global Industry Analysis & Forecast to 2027,The Stone Tile Flooring Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Stone tile flooring adds natural beauty and timeless elegance with an excellent choice for luxury and durability. Stone Tile Flooring are used indoors or out and come in a variety of sizes, colors, and materials.

  • Read More >>
  • Healthcare Flooring Market by Product Type and Application - Global Industry Analysis & Forecast to 2027

    Healthcare Flooring Market By Product Type (Vinyl Flooring, Rubber Flooring, Linoleum Flooring, Textile Based Flooring) and Application (Hospitals, Disability Centers, Care Homes, Others) - Global Industry Analysis & Forecast to 2027,The Healthcare Flooring Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Healthcare flooring promotes well-being and health of staffs and patients by offering low-maintenance products and long-lasting products suited for every space.

  • Read More >>
  • Slip Resistant Flooring Market by Type and Application - Global Industry Analysis & Forecast to 2025

    Slip Resistant Flooring Market by Type (R6-R8 Ranting, R10 Ranting, R9 Rating, R11 Rating) Application (Commercial, Residential) - Global Industry Analysis & Forecast to 2025,The slip resistant flooring market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Slip-resistant flooring is flooring with material properties to help lessen slipperiness and increase traction.

  • Read More >>
  • Engineered Hardwood Flooring Market by Type and Application - Global Industry Analysis & Forecast to 2025

    Engineered Hardwood Flooring Market By Type (Tongue-and-groove (TandG) Technology, Click-locking Technology) and Application (Residential, Commercial) - Global Industry Analysis & Forecast to 2025,The Engineered Hardwood Flooring Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. The Engineered Hardwood Flooring constitutes horizontal element for buildings and infrastructure architecture that help manage the landscape.

  • Read More >>
  • Rubber Flooring Market by Type and Application - Global Industry Analysis & Forecast to 2025

    Rubber Flooring Market by Type (1*2, 2*2) Application (Office, Gym, Factory) - Global Industry Analysis & Forecast to 2025,The Rubber Flooring Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Rubber flooring is normally found in institutional and commercial facilities in form of studded rubber, rubber sheet, poured epoxy mix and recycled rubber. With aging, the surface of rubber floor turns harder.

  • Read More >>
  • Non-Resilient Flooring Market by Type and Application - Global Industry Analysis & Forecast to 2025

    Non-Resilient Flooring Market by Type (Stone, Ceramic Tiles) Application (Industrial, Commercial, Residential) - Global Industry Analysis & Forecast to 2025, The Non-resilient flooring Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period.

  • Read More >>
  • Terrazzo Flooring Market By Type and Application - Global Industry Analysis & Forecast to 2025

    Terrazzo Flooring Market By Type (Cement-based Terrazzo, Epoxy Terrazzo) Application (Commercial Buildings, Transport Infrastructure, Educational Institutions, Government Buildings, Others) - Global Industry Analysis & Forecast to 2025,The Terrazzo Flooring Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Flooring alludes to perpetual covering of the floors that oversees scene traits for pedestrian movement, visual appeal, and offer help to other infrastructural components.

  • Read More >>
  • Soft Covering Flooring Market By Product and Application - Global Industry Analysis & Forecast to 2025

    Soft Covering Flooring Market By Product (Broadloom, Carpet tiles) Application (Commercial, Residential) - Global Industry Analysis & Forecast to 2025,The Soft Covering Flooring Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Soft covering flooring manufacturers are included into creation of various products including rugs and zone mats which, for example, carpet tiles, roll goods, shower mats, and broadlooms among others.

  • Read More >>
  • Flooring Market by Product and Application - Global Industry Analysis and Forecast to 2025

    The Flooring market was valued around USD 250.12 billion in 2016 and is expected to reach roughly USD 435.67 billion by the end of 2025 while registering itself at a compound annual growth rate (CAGR) of 6.36% during the forecast period, owing to the new trends and innovations in construction solutions and floor designs.

  • Read More >>