Global Floor Covering Market - Market Research Report 2015-2019
Published: Oct 2015 | Pages: 74 | SKU: IRTNTR7280 |
Market outlook of the floor covering market
The global floor covering market is expected to benefit from a large population of consumers seeking high-quality products. Also, the increasing disposable income, booming housing industry, and growing demand for luxury flooring options are anticipated to contribute to the growth of the market worldwide. Technavio’s market research analyst predicts the global floor covering market to reach a market value of around USD 301 billion by the end of 2019.
However, the vast amount of non-degradable waste that gets generated during the manufacturing of textile floor coverings is expected to pose a challenge to the market growth. For instance, Germany accounts for the highest production of textile floor coverings and is estimated to generate nearly six kilograms of total floor covering (TFC) waste per capita every year. Global concerns about the harmful effects of such waste generation have affected the global floor covering market negatively.
Segmentation by end user and analysis of the floor covering market
- Residential
- Non-residential
The market value of the residential segment is expected to reach USD 168 billion by the end of 2019.
The residential segment is further classified as residential replacements and new residential fitments.
This research report predicts the residential floor covering replacement demand to increase during the forecast period.
Segmentation by product and analysis of the floor covering market
- Textile covering
- Tiles
- Wood and laminate
- Vinyl and rubber
Textile floor covering is the dominant segment and is expected to grow at a rate of 5% during the forecast period. Textile floor coverings include carpets and rugs, which are mostly used for aesthetical purposes across homes and offices. Colder regions, like the US and the UK, account for a higher sales of such carpets and rugs.
Geographical segmentation and analysis of the global floor covering market
- APAC
- Europe
- North America
- ROW
APAC is expected to account for around 42% of the global floor covering market share during the forecast period. The boost in the housing industry in this region is driving the growth of this region. Countries such as China, Australia, India, and Japan are forecasted to be the biggest revenue contributors in this region.
Competitive landscape and key vendors
The global floor covering market is highly fragmented with the presence of local and domestic players. The market includes manufacturers, distributors, and large retailers for various types of floor covering products.
The leading vendors in the market are –
- Armstrong World
- Gerflour
- Mannington Mills
- Mohawk Industries
- Shaw Industries
Other vendors in the market include Anderson Hardwood Floors, API, Autoneum, Balta Industries, Beauflor Vinyl Tiles, Beaulieu, Dixie, Forbo, Interface, International Automotive Components, Johnsonite, Kährs, Kaindl Flooring, Nature Home, Newpearl Ceramics, Nora, Oriental Weavers, RAK Ceramics, Panariagroup, TOLI, and V&B Fliesen.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the global floor covering market?
- What are the key market trends impacting the growth of the global floor covering market?
- What are the challenges to market growth?
- Who are the key vendors in the floor covering market?
- What are the market opportunities and threats faced by the vendors in the floor covering market?
- Trending factors influencing the market shares of the APAC, Europe, North America, and ROW?
- What are the key outcomes of the five forces analysis of the global floor covering market?
Technavio also offers customization on reports based on specific client requirement.
- Highlights
- Market overview
- Top-vendor offerings
- Research methodology
- Economic indicators
- Key market highlights
- Market overview
- Market size and forecast by revenue
- Market size and forecast by volume
- Five forces analysis
- Market size and forecast for global textile floor covering market by volume
- Market size and forecast for global tiles market by volume
- Market size and forecast for global wood and laminate flooring market by volume
- Market size and forecast for global vinyl and rubber flooring market by volume
- Market size and forecast for other floorings market by volume
- Market size and forecast for global residential floor covering market by revenue
- Market size and forecast for global non-residential floor covering market by revenue
- Market share by revenue
- Market share by volume
- Floor covering market in APAC
- Floor covering market in Europe
- Floor covering market in North America
- Floor covering market in RoW
- China
- US
- Australia
- Germany
- France
- Growth in housing industry
- Rise in motor vehicle production
- Rapid urbanization
- Rise in globalization
- Disposal of waste
- High logistics costs
- Intense competition amongst vendors
- Soaring raw material prices
- Tightening credit and rising inflation
- Demand for premium products
- Competition from substitutes
- Increased affluence of interior design
- Product innovations
- Competitive scenario
- Major vendors 2014
- Other prominent vendors
- Armstrong
- Gerflor
- Mannington Mills
- Mohawk
- Shaw Industries
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
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Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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