More than USD 200 Billion Opportunities Opening Up in the Flooring Market
The latest market research report considers amazing insights into the present scenario of the flooring market and its market dynamics for 2023−2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.
Arizton estimates that there are more than 200 billion Opportunities in the flooring market. Growing partnerships for digital marketing, emerging new technologies in the flooring market, and high demand for luxury vinyl tiles is expected to drive the flooring market.
With the emergence of modernization, the flooring industry is gaining popularity across the globe. Advancements in technology and manufacturing have helped manufacturers to create technologically superior and modified versions of hardwood flooring or engineered wood floors. With ongoing trends in the engineered and new technology wood flooring market, customers are inclined towards inexpensive, eco-friendly, and highly efficient flooring products in the market. Moreover, augmented reality applies to various fields such as interior design, for which different room elements are placed in the pictures of the real spaces to have a defined and final. Thus, flooring is one of these design elements that help customers to choose the best options for their residential or commercial flooring spaces. Therefore, emerging new technologies in the flooring market are one of the well-known trends in the flooring industry, as most public companies are adapting to these technologies for their rise and growth in the market.
APAC dominated the global flooring market share and was valued at USD 176.15 billion in 2022. Developing countries such as India and China are important construction markets with significant demand and promising growth potential. Due to the benefit of having a large market share for modern building and construction technologies, APAC is leading the global flooring market.
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Key Company Profiles: Mohawk Industries, Inc., Forbo Flooring, Beaulieu International Group (B.I.G.), Grupo Lamosa, LL Flooring Holdings, RAK Ceramics, Tarkett, Shaw Industries Group (Berkshire Hathaway), Interface, and Victoria
Other Prominent Vendors: Burke Flooring (Mannington Commercial, Mannington Mills), Gerflor Group, Pamesa Ceramica Compactto, AHF, Kajaria Ceramics, Portobello, Polyflor, Crossville, PORCELANOSA Grupo, SCG Ceramics, Congoleum, Dixie Group, Brumark, Dorsett Industries, Milliken, Oriental Weavers, Axminster Carpets, Brintons Carpets, and Betap
Market Segmentation
Product: Non-Resilient Flooring (Wood & Laminate, Ceramic Tiles, Carpet, and Others) and Resilient Flooring (LVT, Linoleum, and Vinyl Sheets)
Application: Replacement and New Construction
Distribution Channel: Offline and Online
End-User: Residential and Non-Residential (Medical & Care Centers, Retail Stores, Education Facilities, Hospitality & Lodging, Offices, Sports & Entertainment, and Others)
Geography: North America (US and Canada), Europe (Germany, the UK, Italy, France, and Spain), APAC (China, Japan, South Korea, India, and Australia), Latin America (Brazil, Mexico, and Argentina), and Middle East & Africa (South Africa, Saudi Arabia, UAE, and Turkey)
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