Flooring Market Size & Share to See Modest Growth Through 2024

Global Flooring Market: Overview

The flooring market is growing at a rapid rate. It is a buyer-oriented market. Flooring is a process of covering the floor by using the floor covering such as tiles, vinyl, carpet, laminate, and others. The flooring market faces critical issues such as the disposal or proper management of the waste. The most severe challenge that the flooring market deals with is the disposal of wastes.

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Global Flooring Market: Growth Factors

The major demand for flooring in the various regions has increased the growth in the global flooring market. The rising infrastructure expenditure in the sectors such as hospitals, transportation, retail, and healthcare boost the global flooring market. The towering rise in the construction industry and escalating rise in the urbanized population has helped in the substantial global market growth in the developing countries. The rise in the use of flooring in the residential infrastructures influences the growth of the global flooring market.

Global Flooring Market: Segmentation

The global flooring market is segmented on the basis of type, material, application, and region. The type segment is further segmented into resilient, non-resilient, soft covering and others. The material segment is bifurcated into woods, vinyl, tiles, carpets and rugs and others. The application segment is further categorized into residential and non-residential. The region segment is further divided into North America, Europe, Asia-Pacific and Rest of the World.

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Global Flooring Market: Regional Analysis

Asia Pacific dominates the global flooring market due to the rise in the number of construction projects in the developing regions. There is a high growth in the global market in North America and Europe. The UK, the U.S., Germany, India, China, Australia, Malaysia, Japan, Canada, Indonesia, Spain, Italy, and Brazil are investing a huge sum of money in the construction industry for the development of infrastructures such as hospitals, healthcare, and transportation in order to achieve rapid economic growth. The developing economies such as China and India play an important role in the global flooring market. The high growth rate in the construction industry due to increases in urbanization and high residential application is further expected to boost the global market.

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Global Flooring Market: Competitive Players

The competition among the small and big companies is rising due to the increased demand for the flooring throughout the globe. The competitors adopt various strategies such manufacturing and launching of advanced product in the market in order to ensure their growth. The major players include Amcor Limited, Rexam Plc, Ardagh Group, CPMC, Alcoa Incorporated, Crown Holdings, Silgan Holdings, Ball Corporation, Greif Incorporated and Ton Yi Industrial. The other players in the market include Karndean, Interface Global, Anderson Hardwood Floors, Fired Earth, Asian Granito, Forbo, and Milliken.

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