Global Flooring Market By Product, Market and Region, 8th Edition

NEW YORK, June 1, 2017 /PRNewswire/ -- However, rising personal income levels in industrializing countries will allow more homewoners to afford floor coverings as opposed to more traditional surfaces, such as packed earth. Rising motor vehicle production in many areas will also boost overall demand for floor coverings.


Read the full report: http://www.reportlinker.com/p04895346/Global-Flooring-Market-By-Product-Market-and-Region-Edition.html



This study answers these questions and more:
- What regions will post the fastest gains in floor covering demand?
- What products are expected to gain popularity?
- What impact will slowing building construction spending have on the global floor covering market?

Rising personal income levels will boost demand
Global demand for floor coverings will be a deceleration from the rate of the 2010-2015 period. Slowing building construction activity in the US and China will contribute to the deceleration in demand. Those factors will be offset somewhat by rising personal income levels in industrializing countries, allowing more homewoners to afford floor coverings as opposed to more traditional surfaces, such as packed earth. Additionally, rising motor vehicle production in many areas will boost overall demand for floor coverings.

Key Findings in the Global Flooring Study:

Africa/Mideast region to post fastest gains
The fastest floor covering demand growth is expected in the Africa/Mideast region through 2020. Increasing demand for urban housing will drive residential building construction spending and related flooring and carpet sales. Growth in office and commercial construction activity will also contribute to gains. In value terms, demand will be boosted by rising personal income levels that will allow consumers to choose more expensive floor coverings.

Nonresilient products will maintain dominance
Worldwide, nonresilient flooring products represented just over three-fifths of floor covering demand in 2015, and these products are expected to post the fastest demand growth through 2020. Manufacturers of nonresilient flooring will benefit from rapid gains in demand in Asia and the Africa/Mideast region, where nonresilient products account for the vast majority of floor covering sales.

Nonresidential market to continue to outperform residential
Residential buildings constitute the largest market for floor coverings, accounting for 56 percent of sales in 2015. Nonresidential buildings made up 40 percent of demand, while transportation and other markets represented the remainder. The fastest growth in demand is expected in nonresidential building applications through 2020, primarily due to rebounds in nonresidential construction expenditures in many higher income countries. Demand for floor coverings in the transportation equipment market will also post strong gains due to rising motor vehicle production. In the residential building market, demand for flooring and carpets will see solid growth because of rebounding housing markets in many countries, including many in Western Europe.

Study Coverage
This study presents historical demand data (2005, 2010, and 2015) and forecasts (2020 and 2025) by product (nonresilient, resilient, carpets and rugs) and market (residential buildings, nonresidential buildings, transportation and other). The study also evaluates company market share and lists industry competitors, including Armstrong Flooring, Balta Industries, Ceramica Cleopatra, Interface, Mohawk, Oriental Weavers, Shaw Industries, Tarkett, and TOLI.
Read the full report: http://www.reportlinker.com/p04895346/Global-Flooring-Market-By-Product-Market-and-Region-Edition.html

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