Flooring is the material used to cover the basic structure of the floor, thus, providing a level surface for walking. Good flooring materials should be durable, even, and must also ideally be waterproof. Vinyl, rubber flooring and laminates are the leading flooring types in the global market, with vinyl flooring, especially, being preferred due to its low cost and easy installation. Vinyl is emerging as major flooring type in the residential and commercial sectors as they are durable, and versatile along with being impervious to harmful elements like moisture, mould, and mildew. Luxury Vinyl Tiles (LVT) are particularly popular in the market currently, combining the aesthetic appeal and texture of tiles with the durability and cost efficiency of vinyl. They are finding use in the corporate, hospitality and healthcare sectors due to their low maintenance and other durable qualities.
With growing awareness about environmental repercussions of certain materials, there has been a rising demand for sustainable flooring among both the consumers and the manufacturers. Wood flooring, especially reclaimed wood, is a growing trend in the industry. Hardwood floors are seeing rising demand in the North American market due to their lower emissions, and with various manufacturers vowing to replenish and replace the trees cut. Bamboo and cork flooring are also emerging as popular choices although they require more maintenance and care than the other options. Sustainable flooring also helps buildings in attaining higher Leadership in Energy and Environmental Design (LEED) points signifying the superior quality of a building as a green building.
Asia Pacific, and Middle East and Africa (MEA) are two of the significant markets for the global flooring market, with Asia Pacific leading the market in 2017 owing to the rising commercial and industrial sectors. Deputy Crown Prince Mohammad bin Salman Al Saud’s Vision 2030 plan for Saudi Arabia has given an added impetus to the flooring market in the region due to the growth in the construction and infrastructure industry in the country. In North America, the rising remodelling and renovation activities have added to the growth of the flooring market with people willing to spend more on home improvements.
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Mohawk Industries, Inc., Shaw Industries Group, Inc., Tarkett S.A., Armstrong Flooring, Inc., Forbo Flooring, Inc., Gerflor SAS, and Interface, Inc. are the key players in the global flooring market that have been analyzed by EMR. The EMR report provides a detailed insight into the latest developments in the competitive landscape of the global flooring market including plant turnarounds, expansions of capacity, and mergers and acquisitions.
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"Global Flooring Market: By Type (Resilient Flooring: Vinyl, Linoleum, Rubber and Non-Resilient Flooring: Ceramic, Wood & Laminate, Carpet); Installation Cost; Key Demand Drivers; By Application; By Region; Historical Market (2014-2018); Market Forecast (2019-2024); Trade Analysis; Regional Price Analysis; Competitive Landscape; Cost Analysis and Supplier Analysis"
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