Flooring Industry Overview

The chapter also covers current market conditions in the new construction and renovation residential segments.

Flooring industry overview.

This ranges from macro overview of the market to micro details of the industry. And canada coupled with rising demand for single family houses is likely to provide growth opportunities for the market. A key factor driving the growth of the market is the rapid rise in the construction sector. This freedonia industry study analyzes the global flooring industry.

Asia pacific is projected to be the fastest growing market for flooring during the forecast period. Global industry trends share size growth opportunity and forecast 2019 2024. The well established construction industry in u s. Flooring installers in the us industry outlook 2020 2025 poll average industry growth 2020 2025.

In north america the demand for resilient flooring stood at usd 63 4 billion and is anticipated to accelerate at a cagr of 5 6 over the forecast period. The increase in residential and commercial construction activities are driving the growth of the flooring market. The asia pacific market for flooring is projected to grow at the highest cagr from 2018 to 2027. It presents historical demand production and net exports data 2007 2012 and 2017 and demand forecasts 2022 and 2027 by product nonresilient flooring resilient flooring carpets and rugs market residential buildings nonresidential buildings transportation.

Flooring materials are required in various floor spaces in the healthcare industry that includes corridors medical hallways operation theaters clinics and diagnostic centers. X x lock purchase this report or a membership to unlock the average company profit margin for this industry. 5 2020 at 4 59 a m. The growth of construction in emerging markets especially in south east asia has been significant.

Global flooring industry overview. The future of the vinyl flooring market in the united states looks promising with opportunities in residential and non residential applications. The growth in the region can be attributed to the growing construction industry supportive government policies plans and rapid urbanization. The industry is further accelerated by the several advantages that vinyl flooring offers such as cost effectiveness easy installation and maintenance and moisture resistance.