Flooring Market to exceed $418 Billion by 2022
Jun 28, 2017
"The flooring market was 193.51 billion square feet in 2014; it will grow at 6.0% CAGR to reach 314.47 billion square feet by 2022.'
Ocean View, Delaware, United States - June 28, 2017 /MarketersMedia/ —
Flooring market is forecast to exceed USD 400 billion by 2022, at a growing CAGR of 6.8% from 2015 to 2022, according to a new study base report launched by Global Market Insights Inc. Factors like rapid development in infrastructure, changing lifestyles of consumers, and increasing demand for insulation are anticipated to propel demand growth during the projected time frame. Investment in infrastructure and capital projects is expected to witness a substantial growth in next few years. Furthermore, durable and innovative flooring is expected to fuel the market growth by 2022.
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Identifies aspects such as drivers, impediments, opportunities and challenges that will impact the market
Flooring forms vital aspect of any residential and commercial structure. Demand for durable, low maintenance, affordable yet visually appealing products has led to innovation in the industry for products that will provide comfort and are value for money.
Soft coverings product segment is likely to hit USD 150 billion at a growing CAGR of 6% during the expected time frame owing to multiple benefits offered including noise-reducing effect, dust-binding characteristics, superior insulation, pleasing aesthetics, etc. Resilient flooring market is expected to be the fastest growing product segment from 2015-2022, at a growing CAGR of 7.5% by 2022.
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Residential sector is forecast to continue its dominance in application segments over the predicted period attributed to replacement demand in this sector. Furthermore, commercial segment is expected to surpass USD 170 billion by 2022 over the expected period.
The report covers analysis on a regional scale. Asia pacific market size is expected to be the top region and hit 180 billion by 2022. The Chinese commercial and residential construction sector is expected to witness the growth. North America market is expected to be worth USD 69 billion in next few years.
Mohawk Industries, Shaw Industries, Interface and Beaulieu of America are the key market participants in the industry profiled in the report. Congoleum, Armstrong World Industries, Interface Inc, Polyfor Ltd, Mannington Mills Inc, and Pergo are some other names in the industry.
Browse key industry insights spread across 140 pages with 75 market data tables & 61 figures & charts from the report, “Flooring Market Size By Application (Commercial, Residential, Industrial), By Product (Seamless Flooring, Soft Coverings, Non-resilient Flooring, Resilient Flooring) Industry Outlook Report, Regional Analysis, Downstream Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2012 – 2022” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/flooring-market-size
Chapter 4 Flooring Product Insights
4.1 Global Flooring market volume share by product, 2014 & 2022
4.2 Soft Coverings
4.2.1 Market estimates and forecast by region, 2012 - 2022
4.3 Resilient Flooring
4.3.1 Market estimates and forecast by region, 2012 - 2022
4.4 Non-resilient Flooring
4.4.1 Market estimates and forecast by region, 2012 - 2022
4.5 Seamless Flooring
4.5.1 Market estimates and forecast by region, 2012 - 2022
Chapter 5 Flooring Application Insights
5.1 Global Flooring market volume share by application, 2014 & 2022
5.2 Residential
5.2.1 Market estimates and forecast by region, 2012 - 2022
5.3 Industrial
5.3.1 Market estimates and forecast by region, 2012 - 2022
5.4 Commercial
5.4.1 Market estimates and forecast by region, 2012 - 2022
Browse Full TOC @ https://www.gminsights.com/toc/detail/flooring-market-size
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Info:
Name: Arun Hegde
Email: [email protected]
Organization: Global Market Insights, Inc.
Address: Suite L 105, Ocean View, Delaware 19970, United States
Phone: 1-888-689-0688
Source URL: http://marketersmedia.com/flooring-market-to-exceed-418-billion-by-2022/212277
For more information, please visit https://www.gminsights.com/industry-analysis/flooring-market-size
Source: MarketersMedia
Release ID: 212277
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