Flooring Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR70880
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 Flooring Market - 2021-2025

The projected valuation of the flooring market by 2025 is 9463.26 million m2. The growth momentum of the market is expected to accelerate at a CAGR of 5.86%, during 2021-2025. This research report elucidates the market drivers and trends that have been catalyzing the progress of existing market players. One of the key factors driving the flooring market growth is rapid growth in the global construction industry. View our sample report for insights on the latest drivers, trends, and challenges that will have a far-reaching effect on the market growth in the coming years.

Flooring Market Size

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Flooring Market Segments

Get actionable insights on the flooring market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentation by product (non-resilient flooring, resilient flooring, and soft cover flooring) and geography (APAC, North America, Europe, MEA, and South America) in this flooring market report to pursue growth opportunities. 

Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. Want a thorough qualitative and quantitative analysis on the post-pandemic flooring market predictions on-demand changes for 2021-2025? You can buy the report now with one easy click.

Flooring Market Vendors and Competitive Analysis

The flooring market size report discusses the current market structure in-depth and how it will shape up during the forecast period based on the entry and exit of market players. At present, the flooring market is fragmented and the vendors are deploying organic and inorganic growth strategies to gain a competitive advantage. Take a look at our sample report to get an idea of the well-thought-out business planning approaches of key players.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

Buy the full flooring market forecast report for detailed insights on complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Flooring Market Vendors

Flooring Market - Region Opportunities 2021-2025

49% of the flooring market growth will originate from APAC during the forecast period. China, India, and Australia are the key markets for flooring market in APAC. To unlock exclusive information on potential business locations and understand the demographics of current and prospective customers buy the report now!

Flooring Market Share by Geography

APAC has been exhibiting a significant growth rate for flooring market vendors. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

The flooring market share growth in APAC will be faster than the growth of the market in other regions. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Flooring Market Insights by Product

Flooring Market Share by Product

To gain further insights on the market contribution of various segments Request for a FREE Sample!

The flooring market share growth by the non-resilient flooring segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the flooring market size.

From the flooring market segmentation insights, players can identify the demand pattern of target customers and make effective business plans to capture untapped segments. In addition, the analytical data on the segmentations will enable effective product and service positioning among the right end-users, which will facilitate significant exposure and growth for the vendors. Get updated actionable market insights on post COVID-19 impact on each segment.

Flooring Market Drivers & Trends

Even if the success rate of a business is higher, every factor, including challenges, influencing any market growth needs to be considered to mitigate potential risks at an earlier development stage. One of the key factors impeding the flooring market growth is the rising prices of raw materials. Purchase our express report to get exhaustive insights on the key industry trends, drivers, and challenges, which will help companies evaluate and build growth strategies.

The global construction industry is a key end-user of vinyl flooring. Therefore, the growth of the global flooring market is directly dependent on the performance of the construction industry. The construction industry has been growing exponentially since 2009. For instance, Europe's construction industry witnessed its biggest-ever growth in 2018 since 2006, at 3.5%. The major contribution to this growth has come from the residential sector, as home investments in Europe are constantly increasing. The Netherlands, Denmark, and Germany are expected to be the major contributors to the construction industry's growth in Europe. Similarly, China, Indonesia, and India in APAC comprise the rapidly growing construction markets. Indonesia's construction industry witnessed a growth of around 3% in 2018 from a year earlier.


Technavio research analysts have done an in-depth analysis of the flooring market trends, drivers, and challenges in terms of their long-term and short-term effects. This data will help players map their growth prospects across key and emerging markets.

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Flooring Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive flooring market growth during the next five years
  • Precise estimation of the flooring market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the flooring market across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of flooring market vendors

Buy the Flooring Market report now to reimage your business strategies!

 

Flooring Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.86%

Market growth 2021-2025

9463.26 mn m2

Market structure

Fragmented

YoY growth (%)

4.05

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 49%

Key consumer countries

China, US, India, Canada, and Australia

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Armstrong Flooring Inc., Beaulieu International Group NV, Forbo Holding Ltd, Gerflor Group, Interface Inc., Milliken and Company, Mohawk Industries Inc., Shaw Industries Group Inc., Tarkett Group, and Toli Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Non-resilient flooring - Market size and forecast 2020-2025
    • Resilient flooring - Market size and forecast 2020-2025
    • Soft cover flooring - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Armstrong Flooring Inc.
    • Beaulieu International Group NV
    • Gerflor Group
    • Interface Inc.
    • Milliken and Company
    • Mohawk Industries Inc.
    • Shaw Industries Group Inc.
    • Tarkett Group
    • Toli Corp.

    Appendix

    • Currency conversion rates for US$
    • Research methodology
    • 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.

    TechnavioINFORMATION 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
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    TechnavioDATA 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
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    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The flooring market growth will increase by $9463.26 million m2 during 2020-2025.
    The flooring market is expected to grow at a CAGR of 5.86% during 2020-2025.
    Technavio has segmented the flooring market by product (Non-resilient flo, Resilient flooring, and Soft cover floor) and geographic (APAC, North America, Europe, MEA, and South America).
    Armstrong Flooring Inc., Beaulieu International Group NV, Forbo Holding Ltd, Gerflor Group, Interface Inc., Milliken and Company, Mohawk Industries Inc., Shaw Industries Group Inc., Tarkett Group, Toli Corp. are a few of the key vendors in the flooring market.
    APAC will register the highest growth rate of 49.04% among the other regions. Therefore, the flooring market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • China
    • US
    • India
    • Canada
    • Australia
    The key factors driving the flooring market growth are:
    • Rapid growth in the global construction industry
    The flooring market vendors should focus on grabbing business opportunities from the non-resilient flo segment as it accounted for the largest market share in the base year.
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