Global Flooring Market: Overview
Flooring products are building materials used to cover the floor area of buildings throughout the world. A variety of materials are used to manufacture flooring products such as carpets and rugs, wood, resilient, tile, stone and laminate flooring. These products are utilized for residential, commercial and industrial building applications. Flooring products are available in a wide variety of price ranges and design options. Growing urbanization and industrialization in emerging countries and remodeling activities in developed countries is likely to provide lucrative opportunities to the flooring market during the next decade.
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This report analyzes and forecasts the market for flooring at the global and regional level. The market has been forecast based on volume (million square meters) and revenue (US$ Mn) from 2017 to 2025, considering 2016 as the base year. The study includes drivers and restraints of the global flooring market. It also covers impact of these drivers and restraints on demand for flooring during the forecast period. The report also highlights opportunities in the flooring market at the global and regional level.
The report includes detailed value chain analysis, which provides a comprehensive view of the global flooring market. Porter’s Five Forces model for the flooring market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
Global Flooring Market: Segmentation
The study provides a decisive view of the global flooring market by segmenting it in terms of products such as carpets & rugs, wood, resilient, tile and others (including laminate, stone) & applications such as residential, commercial & others (including industrial). These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for flooring in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides the actual market size of flooring for 2016 and estimated market size for 2017 with forecast for the next eight years. The global market size of flooring has been provided in terms of volume and revenue. Market revenue is given in US$ Mn. Market numbers have been estimated based on key end-users of flooring. Market size and forecast for numerous end-users have been provided in terms of global, regional, and country level markets.
Global Flooring Market: Research Methodology
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, Plastemart magazine, TPE magazine, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoover’s, OneSource, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market. We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
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Companies Mentioned in the Report
The report comprises profiles of major companies operating in the global flooring market. Key players in the flooring market are Mohawk Industries, Inc., Shaw Industries Group, Inc., Tarkett Group, Mannington Mills, Inc., Avant Holding GmbH and Armstrong World Industries, Inc. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.