The Global Flooring Market is estimated to grow owning to the growing construction industry, and growing commercial and public infrastructure globally.
Flooring is permanent covering of floor structure with a finish material to provide a walking surface. Flooring is the process of providing smooth and durable levelled surface. Flooring offers hard, durable and strong surface to withstand the loads over it. Materials used for flooring include carpet, laminate, tile and vinyl. Different types of flooring include tiled flooring, marble flooring, wooden flooring, PVC flooring, mosaic flooring, and terrazzo flooring among others.
The increasing construction of new structures, renovation, and remodelling of existing buildings primarily drives the growth of the flooring market. The growing construction of commercial and public building infrastructures along with the growth in global construction industry further augments market growth. The increasing investments by governments for enhancing public infrastructure such as parks, public places, and government premises further supports market growth. The growth in urban population, and increasing industrialization accelerates the growth of the flooring market. Other factors driving the market include increasing disposable income, design, and aesthetics. Growing demand from emerging economies, and development of green and sustainable buildings is expected to provide numerous growth opportunities in the coming years.
The global Flooring market is segmented on the basis of type, material, end-user, and geography.
Geographically, the global Flooring market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
On the basis of geography, Asia-Pacific is expected to grow at the highest rate in the global Flooring market over forecast period. A significant increase in disposable income, and construction and renovation of residential buildings drive the growth of the Asia-Pacific flooring market. Other driving factors include growth in construction industry, and development of public infrastructure. The increasing investments by governments for enhancing public infrastructure further supports market growth. The increasing trend of design and aesthetics supports the market growth in the region.