Aug 14, 2019 SOURCE: PR NewsWire

Flooring Market will Reach Around US$ 450 Billion by 2026; Renovation and Remodeling of Existing Premises to Strengthen Flooring Market - TMR

ALBANY, New York, Aug. 14, 2019 /PRNewswire/ -- The global flooring market is prognosticated to grow at a robust rate with CAGR of 6.5% over the forecast period 2018 to 2026, shares an upcoming Transparency Market Research (TMR) report.

https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg

The global flooring market is anticipated to cover 32,450 million square meters by the end of 2026. Simultaneously, the flooring market is expected to reach an estimated value of US$450 Bn by the end of 2026. The growing trend of renovating and remodeling of old buildings and residential houses are expected to push the global flooring market to expand in the upcoming years.

The global flooring market is segmented into carpets and rugs, wood, vinyl sheets, and tiles, in terms of materials. In this, vinyl is expected to hold a major share in the flooring market due to increasing number of luxury apartments and commercial spaces.

Request a Sample of Global Flooring Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3813

Rising Number of Construction Projects to Stretch Flooring Market

The increasing number of construction projects across the globe is expected to nudge the growth in the global flooring market. Several types of flooring is being used in the construction of buildings, the application of flooring depends from project to project and according to consumer's choice. This shall contribute towards the growth in the global flooring market. Often customers prefer either durable or cost efficient flooring. Concrete material is the base for all types of constructions and cost wise it is very economical. This could further lead to expansion of the global flooring market in the future.

Brick flooring is another type of flooring that could be used in backyards or gardens, aiding in the growth avenues of the global flooring market. There is a growing trend of wooden flooring the new residential construction projects; this may nudge the expansion of flooring market. Ceramic flooring and marble flooring are used in bathrooms and kitchens respectively. Marble floorings are also used in construction of altars and prayer halls in Western and European countries. In the Asian countries, it is used in construction of temples and meditation centers. Thus, these factors could aid in the growth of the global flooring market in future.

Is something restraining your company's growth in the Flooring Market? Ask for the report brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3813

The growing construction of retail centers such as departmental stores and malls may also help in the expansion of flooring market. The housing construction and sales in the U.S. market is showing a signs of increase in the future which may further boost the flooring market in coming years.

The VOC (volatile organic compounds) used in raw materials of flooring is expected to restrain the global flooring market during the forecast period. However, swift industrialization across the globe is expected to lead the flooring market to expand.

Asia Pacific Dominates Global Flooring Market

Asia Pacific is foreseen as an impressive and dominant region in the global flooring market during the forecast period. The growth is mainly due to swift industrialization and urbanization and rising number of building construction in residential, commercial and industrial sectors. Huge population is moving towards cities and this creates demand for residential buildings. Moreover, with rising population there's a need for better infrastructure and educational systems, thus, mass construction of roads, school, and colleges are expected to pave the way for flooring market.

Stuck in a neck-to-neck competition with other brands? Request a custom report on competition on Flooring Market @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=3813

The North America and Europe is also expected to witness a healthy growth for carpets and rugs due to the climatic conditions of this region.

The prominent players in the global flooring market include Shaw Industries (US), Gerflor (France), Beaulieu International (Belgium), Forbo (Switzerland), TOLI Corporation (Japan), Mohawk Industries (US), and Tarkett (France).

This review is based on the findings of a TMR report titled, "Flooring Market (Product - Resilient, Non-resilient, Soft Cover; Material - Carpets and Rugs, Wood (Soft Wood and Engineered Wood), Laminate, Vinyl Sheet and Tile (Homogeneous, Heterogeneous, Luxury Vinyl Tile), Ceramic Tile, Stone; Application - Residential, Non-residential)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026."

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=3813

The global flooring market is segmented into:

Product

    --  Resilient
    --  Non-resilient
    --  Soft Cover

Material

    --  Carpets and Rugs
    --  Wood (Soft Wood and Engineered Wood)
    --  Laminate
    --  Vinyl Sheet and Tile
    --  Ceramic Tile
    --  Stone

Application

    --  Residential
    --  Non-residential

Browse Chemicals and Materials Market Research Reports

Popular Research Reports by TMR:

    --  Wood Flooring Market:
        https://www.transparencymarketresearch.com/wood-flooring-market.html
    --  Roofing Market:
        https://www.transparencymarketresearch.com/roofing-market-2018-2026.html
    --  Concrete Floor Coatings Market:
        https://www.transparencymarketresearch.com/canada-concrete-floor-coating
        s-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower
90 State Street
Suite 700
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.europlat.org/