The report provides brief regional analysis of North America (including the US), Asia-Pacific, Europe, Middle East & Africa, Latin America and CIS. The regional analysis of the flooring and vinyl tiles market includes market size by volume along with the market share by product.
The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global flooring market has also been forecasted for the period 2016-2020, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
A brief company profiling of major market players namely Armstrong, Mohawk, Tarkett and Interface has provided in the report on the basis of aspects like business overview, financial overview and business strategies adopted by these companies.
Middle East & Africa
Armstrong Flooring International
Mohawk Industries Inc.
The flooring market can be segmented on the basis of materials and application. On the basis of materials market can be segmented into: ceramics, residential carpet, commercial carpet, vinyl, linoleum & rubber, wood & laminate and other. Out of all the different segments in the floor covering industry today, vinyl flooring has proven to be the most popular- even among industry standards like ceramic tile, plank wood, engineered wood and laminate flooring. On the basis of application, market is broadly classified into three: residential, commercial and industrial.
The global flooring market witnessed an upsurge at a significant CAGR during 2013-2015 and projections are made that the market would rise in the next five years i.e. 2016-2020 at a rapid pace. Major factors contributing in the growth of the market are rapid urbanization, resurgence of construction industry, rising infrastructure spending in both developed and developing nations, rising per capita income of the population in emerging economies, rising demand for aesthetically appealing products and technological advancements etc.
In the forecasted period, market will be pushed by emergence of sustainable flooring, increasing insulation demand, hassle-free installation techniques and rising demand for anti-bacterial flooring. In spite of high growth, market is still facing certain challenges that are hampering the growth of the market. Challenges encountered by the market are disposal of waste, complexity in installation, environmental & health related issues and fluctuating prices of raw materials.
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