Global Flooring is valued approximately USD 342.7 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 5.7% over the forecast period 2019-2026. Floor covering is a term used to describe any layer of finish material applied over a floor structure to provide permanent covering. The floor covering or flooring provides a smooth, clean, impervious, durable, colourful, hard and attractive surface. It is the cover which has to offer resistance to wear and tear due to human movement and movement of furniture, etc. Now a days, Flooring is very important part of home decor which enhance the growth of Industry. .However, increased emphasis on use of green and eco-friendly material, such as wood, also driven the Industry growth. Factors, such as new construction, renovation, and retrofitting activities for buildings as well as infrastructure influence the Industry growth, and are expected to drive the floor Industry over the forecast period of 2019-2026.
The regional analysis of global Flooring is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The Asia Pacific is the leading region across the world. Factors such as, rising population & urbanization, rapid industrialization, increase in disposable income, trending towards huge number of renovation & remodeling activities, witnessed to expand the growth of flooring Industry over the forecast period of 2019-2026.
Flooring Industry Share and Size by 2019-2025
Flooring Market Segmentation:
By End-Use Industry:
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Flooring Market are as follows:
Millliken & Company