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#1 2019-06-15 06:59:02

gsnoopy520
Senior Member
Registered: 2018-01-06
Posts: 581

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According to a new market report published by Lucintel http://www.montrealcanadiensteamstore.c … try-jersey , the future of the global flooring market looks promising with opportunities in the residential and non-residential sectors. The global flooring market is expected to reach an estimated $250.8 billion by 2024 with a CAGR of 4.6% from 2019 to 2024. The major drivers for this market are increasing residential construction and growth in renovation and remodeling activities.


In this market, carpet and rug, resilient, and non-resilient flooring are used in the building and construction industry. On the basis of comprehensive research, Lucintel forecasts that non-resilient flooring will remain the largest segment over the forecast period due to increasing demand for ceramic tiles in developing region. Lucintel predicts that resilient flooring is expected to witness the highest growth over the forecast period due to its minimal maintenance requirements and high durability.


Within the global flooring market, residential will remain the largest end use market over the forecast period due to growth in single and multi-family buildings. Non-residential flooring is expected to witness the highest growth during the forecast period due to increasing construction of office, retail and other commercial buildings.


Asia Pacific is expected to remain the largest region; it is also expected to witness the highest growth over the forecast period supported by increasing urbanization and building construction activities.


Emerging trends, which have a direct impact on the dynamics of the market http://www.montrealcanadiensteamstore.c … eau-jersey , include increasing demand for loose lay flooring and the introduction of aqua+ technology in laminate flooring. Mohawk industries, Shaw industries, Tarkett, Beaulieu International, Dixie Group Inc., Forbo Holding, Interface Incorporation, Armstrong Flooring http://www.montrealcanadiensteamstore.c … nte-jersey , and Gerflor are among the major manufacturers of flooring market.


Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global flooring market by end use, flooring type and region, and has compiled a comprehensive research report entitled 鈥淕rowth Opportunities in the Global Flooring Market 2019-202he Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global flooring market by end use, flooring type http://www.montrealcanadiensteamstore.c … ose-jersey , and region, as follows:


By End Use [Value ($ Billion) from 2013 to 2024]:




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Last edited by gsnoopy520 (2019-06-15 07:01:47)

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