Top Competitors in the Flooring Market: Strategic Moves and Market Expansion

0
2K

The report "Flooring Market by Material (Resilient, Non-Resilient (Ceramic tiles, Wood, Laminate, Stone), Soft-floor covering), End-use Industry (Residential, Non-residential), & Region (North America, Europe , APAC, MEA, South America) - Global Forecast to 2028", The market for flooring is approximated to be USD 331.9 billion in 2023, and it is projected to reach USD 510.7 billion by 2028, at a CAGR of 9.0%. This market study presents basic data and true figures about the market giving a deep analysis of this market based on flooring market trends, market drivers, constraints, and prospects. The report supplies the global monetary challenge with the help of Porter's Five Forces Analysis and SWOT Analysis.

Increasing population and rapid urbanization, increasing investments in the construction sector, and rising number of renovation and remodeling activities are key drivers promoting the market growth. The volatile raw material prices is a major restraint in the flooring market as it affects the overall pricing of the product. A rapidly progressing organized retail sector is a major opportunity in the flooring market. The flooring industry also faces the challenge of extreme competition in the market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=110789434

Browse 194 market data Tables and 44 Figures spread through 207 Pages and in-depth TOC on "Flooring Market by Material (Resilient, Non-Resilient (Ceramic tiles, Wood, Laminate, Stone), Soft-floor covering), End-use Industry (Residential, Non-residential), & Region (North America, Europe , APAC, MEA, South America) - Global Forecast to 2028"

By material, non-resilient segment accounted for the largest share in 2022

Resilient flooring possesses a specific characteristic i.e., when given a slight press on it, it quickly springs back into place. This provides greater grip, and a decreased chance of slip-and-fall incidents. The term non-resilient flooring refers to solid flooring which is not flexible. Terrazzo, marble, stone, ceramic tile, and concrete all fall under the category of non-resilient flooring. In general, non-resilient flooring can outlive resilient flooring and are more durable. In areas with heavy foot traffic, non-resilient flooring is frequently used by architects and designers. In general, non-resilient floors require less upkeep and maintenance than resilient ones. Owing to these properties the non -resilient segment dominated the market.

By End-Use Industry, the Non-Residential Segment accounted for the second largest share in 2022.

In the non-residential end use industry segment the demand for flooring is expected to be driven by increasing spending on office spaces and other commercial & institutional constructions where flooring is used extensively. These buildings can be classified as commercial, institutional & healthcare, and public facilities. The commercial and institutional spaces like malls, hospitals, colleges, schools, gyms are subjected to heavy foot traffic and heavy furniture loads. Hnece the flooring durability and aesthetic aspect both are important factors when choosing a suitable flooring material.

Get Sample Copy of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=110789434

Europe accounted for the second largest market share of the Flooring Market in 2022

The rising demand of housing in urban areas, increased infrastructure development activities, and increased modernization and renovation of buildings are the major key factors for the expansion of the European construction market. With the region's robust economic growth, commercial infrastructure construction, such as offices, schools, hotels, restaurants, and leisure facilities, is on the rise. Initiatives and investments by the government are aiding the growth of the European infrastructure.

Flooring Market Trending Key Players

The Flooring Market comprises major players such as Mohawk Industries, Inc. (US), Tarkett (France), Forbo (Switzerland), Shaw Industries Group Inc. (Georgia), Interface, Inc. (US), and others are covered in the Flooring market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Flooring Market.

Mohawk Industries, Inc. engages in the manufacture, design, and distribution of residential and commercial flooring products. It operates through the following segments: Global Ceramic, Flooring North America (NA), and Flooring Rest of the World (ROW). The Global Ceramic segment manufactures ceramic, porcelain, and natural stone tile products used for wall and floor applications.

Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=110789434

Tarkett is among the leading flooring companies that offer a wide range of flooring solutions to commercial and residential end users. For 140 years, dedication to excellence, innovation, coupled with a long lasting commitment to sustainability, have contributed to the leading position of Tarkett in sports surfaces and cutting-edge flooring solutions. The company has a wide presence across all regions such as North America, South America, Europe, Asia Pacific, and the Middle East & Africa, with 34 industrial sites across the world.

Why Choose MNM?

  • Authentic Method: To ensure high-level data integrity, accurate analysis, and impeccable forecasts
  • Agile Approach: A faster and efficient way to cater to the needs with continuous iteration
  • Targeted Market View: Targeted market view to provide pertinent information and save time of readers
  • Analyst Support: For complete satisfaction of our customers
  • Customization: Customization of the report’s scope as needed to meet your requirements in full
Site içinde arama yapın
Kategoriler
Read More
Other
STD Diagnostics Market to Hit $7.8 Billion by 2025
STD Diagnostics Market: Growth, Trends, and Future Outlook 2035 The STD diagnostics...
By priteshkapure 2025-05-02 12:19:45 0 834
Health
https://www.facebook.com/GetNordicBeautyAntiAgingCreamCanada/
Nordic Beauty Anti Aging Cream Canada❗❗❤️Shop...
By unitedstatesfitness 2025-02-21 15:05:34 0 903
Fitness
Buyee: The Ultimate Proxy Service for Shopping in Japan
Introduction Buyee is a popular proxy shopping service that allows international buyers to...
By camscanner43 2025-02-09 16:58:52 0 2K
News
DeepSeek reopens new user sign-ups despite ongoing security concerns
Chinese AI chatbot DeepSeek may have been limiting access to new users because of ongoing...
By Ikeji 2025-02-07 05:42:52 0 1K
News
GPS Bike Computers Market Report 2024 Makes You Ahead of Your Competitors
Global “GPS Bike Computers Market” research report is a comprehensive analysis of the...
By Pallavi 2024-04-19 06:56:14 0 2K