December 08, 2021 10:18 ET | Source: Fairfield Consultancy Services OPC Pvt Ltd Fairfield Consultancy Services OPC Pvt Ltd
LONDON, Dec. 08, 2021 (GLOBE NEWSWIRE) -- After a considerable setback through 2020 amid COVID-19 pandemic, the building and construction industry has been accelerating its revival. Flooring, accounting for nearly 10% of the overall building and construction project costs, is one of the fastest growing segments in industry. A new Fairfield Market Research study offers an insightful analysis of how the global flooring market is shaping up, and what are the prospects.
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Ceramic Tiles Top Selling; Vinyl Flooring in Demand
Categorised into rugs, and carpets, and resilient, and non-resilient floorings, the market is projected to witness sustained demand for resilient flooring within both commercial, and residential sectors. Ceramic tiles led the global market in 2019. Owing to an expanding market for versatile, and economically viable luxury vinyl tiles (LVTs), the vinyl, linoleum, and rubber flooring segment is projected to reflect high growth potential at an estimated 7.3% CAGR between 2021 and 2025.
Residential Spaces to Retain Dominance
Holding the lion’s share in the global flooring market, residential sector continues to witness growing prominence of redevelopment, renovation, and refurbishment projects. Apart from ceramic tiles, and vinyl flooring, wooden flooring, rugs, and carpets will enjoy ascending sales. Sustainable material blends are emerging lucrative as the concept of green building firms up.
Growth of Housing Sector Augurs Well for Asian Markets
Driven by the ballooning building and construction industry, exploding housing investments in economies like China, India, Vietnam, Malaysia, and Indonesia, Asia Pacific’s flooring market is set to retain its dominance. The market in the Middle East and Africa will reap benefits of urbanisation, and industrial construction projects. Ceramic tiles, concrete flooring, and vinyl flooring will remain prominent here. North American market continues to be driven by rugs, and carpets. The US market has shown strong rebound in flooring activities post-pandemic induced decline.
Mohawk Industries, Armstrong Floor, Tarkett, Amtico, and Marazzi Group represent some of the prominent market players. While the market is highly competitive, regional players will continue to have a stronger foothold based on the naturally varying flooring requisites, and preferences across regions.
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2.4. Porter’s Five Forces Analysis
3. Production Output and Trade Statistics
4. Price Trends Analysis and Future Projects 2017 - 2025
4.1. Price Trends Analysis and Future Projects 2017 - 2025
4.2. Global Average Price Analysis, by Product vs Application, US$ per Kg
5. Global Flooring Market Outlook 2017 - 2025
5.1. Global Flooring Market Outlook, by Product, Volume (Mn Sq. Mtr.) and Value (US$ Mn) 2017 - 2025
5.2. Global Flooring Market Outlook, by Application, Volume (Mn Sq. Mtr.) and Value (US$ Mn) 2017 - 2025
5.3. Global Flooring Market Outlook, by Region, Volume (Mn Sq. Mtr.) and Value (US$ Mn) 2017 - 2025
6. North America Flooring Market Outlook 2017 - 2025
7. Europe Flooring Market Outlook 2017 - 2025
8. Asia Pacific Flooring Market Outlook 2017 - 2025
9. Latin America Flooring Market Outlook 2017 - 2025
10. Middle East & Africa Flooring Market Outlook 2017 - 2025
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