Post COVID-19 Market Estimates On Flooring Market - Global Forecast to 2025
Flooring Market Type by Material (Carpets & Rugs, Resilient (Vinyl, Cork, Linoleum, Rubber, Resin), Non-resilient (Ceramic, Stone, Wood, Laminate)), End-use (Residential, Non-residential), and Region - Global Forecast to 2025
Date : 2020-07-05
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The Flooring Market, in terms of value, is projected to grow at a CAGR of XX% from 2020 to 2025. The market is estimated to be USD XX Billion in 2019, and is projected to reach XX Billion by 2025. In this study, 2019 has been considered the base year, and 2020 to 2025 the forecast period, for estimating the market size of the global market.
OBJECTIVES OF THE STUDY
- To define, describe, and forecast the Flooring Market in different segmentations
- To forecast the market size in terms of value for various segments with respect to four main regions: North America, Europe, APAC, and RoW
- To provide detailed information regarding the major factors influencing the growth of the Flooring Market (drivers, restraints, opportunities, and industry-specific challenges)
- To provide a detailed overview of the value chain in the Flooring Market and analyze the market trends with Porter’s five forces analysis
- To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the Flooring Market
- To strategically profile the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
- To analyze competitive developments such as new product launches and developments; agreements and contracts; mergers and acquisitions; and expansions in the global Flooring Market
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Flooring Market
4.2 Flooring Type Market, By Material
4.3 Flooring Market, By Type
4.4 Flooring Market, By End-Use Industry
4.5 Flooring Market: Geographic Snapshot
5 Market Overview
5.2 Market Dynamics
6 Industry Trends
6.2 Porter’s Five Forces Analysis
6.2.1 Threat of New Entrants
6.2.2 Threat of Substitutes
6.2.3 Bargaining Power of Suppliers
6.2.4 Bargaining Power of Buyers
6.2.5 Intensity of Competitive Rivalry
7 Flooring Type Market, By Material
7.2 Resilient Flooring
7.2.2 Others (Cork, Linoleum, Rubber, and Resin)
7.3 Non-Resilient Flooring
7.3.1 Ceramic Tiles
7.3.5 Others (Bamboo, Terrazzo)
7.4 Soft Floor Covering/Carpets & Rugs
8 Flooring Market, By End-Use Industry
9 Flooring Market, By Region
9.2 Asia Pacific
9.3 North America
9.5 Middle East & Africa
9.6 South America
10 Competitive Landscape
11 Company Profiles
(Business Overview, Products Offered, Recent Developments)*
11.1 Mohawk Industries
11.2 Shaw Industries
11.4 Armstrong Flooring
11.8 Beaulieu International
11.9 Toli Corporation
11.10 Milliken & Company
*Details on Business Overview, Products Offered, Recent Developments Might Not Be Captured in Case of Unlisted Companies.
11.11 Other Players
11.11.3 James Halstead
11.11.4 The Dixie Group
11.11.5 Victoria PLC
11.11.6 Mannington Mills
11.11.7 Balta Industries
11.11.8 Swiss Krono
11.11.9 LG Hausys
11.11.12 Oriental Weavers
11.11.14 Kajaria Ceramics.
The vinyl segment is projected to grow at the highest CAGR during the forecast period.
Vinyl is one of the most versatile materials used in flooring. Its resistance to mold, mildew, and moisture makes it one of the most suitable flooring options for application areas where occasional spills and moisture are the major concerns. Its low cost and easy installation also contribute to its growing popularity in a range of residential and commercial applications. LVT (Luxury Vinyl Tile) is one of the popular forms of vinyl flooring and is gaining popularity as a versatile flooring solution, offering durability along with various design options. It offers cost advantages in terms of price as compared to other premium materials, owing to its minimal maintenance requirements and high durability. These factors contribute toward its increasing application in the corporate, hospitality, healthcare, and other commercial sectors.
The residential segment is estimated to dominate the market, in terms of value, through 2027.
The residential segment dominated the market in 2018 and this trend is projected to continue through 2027, as a result of the demand for aesthetic flooring materials and growing trend toward interior decoration. Housing renovation and maintenance have increased steadily in the recent past and are expected to further increase in the coming years, owing to the increasing disposable income of people. These factors are expected to fuel the demand for flooring in the residential sector.
The Asia Pacific market for flooring is projected to grow at the highest CAGR from 2019 to 2027.
Asia Pacific is projected to be the fastest-growing market for flooring during the forecast period. The growth in the region can be attributed to the growing construction industry, supportive government policies & plans, and rapid urbanization. China is projected to grow at the highest CAGR in the Asia Pacific flooring market during the forecast period. The Middle Eastern & African market is projected to grow at the second-highest CAGR between 2019 and 2027.
The key players operating in the flooring market include Mohawk Industries (US), Shaw Industries (US), Tarkett (France), Armstrong Flooring (US), Forbo (Switzerland), Gerflor (France), Interface (US), Beaulieu International (Belgium), TOLI Corporation (Japan), and Milliken & Company (US). These players have an extensive product portfolio and a wide geographical presence. New product launches, expansions, investments, acquisitions, and partnerships are some of the major strategies adopted by key players operating in the flooring market.