The Report Commercial Flooring Market Analysis By Product
(Soft Coverings, Resilient, Non-resilient, Seamless, Wood & Laminates), By
Application, By Region, And Segment Forecasts, 2018 - 2025
The global commercial flooring market is
expected to reach approximately USD 47.69 billion by 2025, according to a new
report conducted by Grand View Research, Inc. Increasing number of corporate
offices in emerging economies including China, India, and Mexico on account of
regulatory inclination to promote the manufacturing output on a domestic level
is expected to remain a key driving factor over the next eight years.
Furthermore, rising
government spending towards improving education infrastructure through
implementation of new schemes including Padhe Bharat Badhe Bharat and Utkarsh
Bangla Scheme is expected to have a strong impact. These factors are considered
to influence the consumption of construction materials including floor coverings
in education sector and hence boost their market growth.
Education segment is
expected to foresee volume growth at a CAGR of 5.9% from 2017 to 2025. Growing
importance of modular tiles in education spaces for providing moisture
resistance and excellent dust control characteristics is projected to have a
positive impact on industry. In addition, high market visibility of carpets in
developing countries including China and India on account of the presence of
large number soft covering manufacturers on a domestic level is projected to
have a positive impact.
Access Research Report of Commercial
Flooring Market @ www.grandviewresearch.com/industry-analysis/commercial-flooring-market
Further key findings from the report suggest:
· The global commercial flooring market was
4,680.0 million square meters in 2016 and is expected to reach 7,903.4 million
square meters by the end of 2025, expanding at a CAGR of 6.0% from 2017 to
2025.
· Wood & laminates are expected to
foresee revenue growth at a CAGR of 7.0% from 2017 to 2025. Engineered wood,
alternately called as composite wood consist of a number of wood products
manufactured by binding particles, fibers, veneers, and strands of wood, which
are joined with adhesives to form composite materials. These products are
modeled to supreme design requirements as per the specifications of end user or
client and are tested to meet international and national standards
· Asia Pacific is projected to foresee volume
growth at a CAGR of 6.9% from 2017 to 2025. Regulatory support aimed at
promoting investments in manufacturing sectors of China and India is expected
to increase the number of commercial spaces and thus likely to fuel the demand
for floor covering in the near future.
· Key commercial flooring manufacturers
include Mannington Mills, Tarkett, Flowcrete, James Halstead, Nora, Milliken
Floor Covering, Novalis, Tajima, Tkflor, NOX Corporation, and Toli flooring.
Product innovation through introduction of new designs is expected to remain a
key critical success factors for floor covering vendors.
Grand View Research has
segmented the global commercial flooring market on the basis of product,
application, and region:
Commercial Flooring Product Outlook (Volume, Million
Square Meters; Revenue, USD Million; 2014 - 2025)
·
Soft Coverings
o
Soft covering market by application
·
Resilient Flooring
o
Resilient flooring market by application
·
Non-resilient Flooring
o
Non-resilient flooring market by
application
·
Seamless Flooring
o
Seamless flooring market by application
·
Wood & Laminates
o
Wood & laminates flooring market by
application
Commercial Flooring Application Outlook (Volume, Million
Square Meters; Revenue, USD Million; 2014 - 2025)
o
Healthcare
o
Education
Commercial Flooring Regional Outlook (Volume, Million
Square Meters; Revenue, USD Million; 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa (MEA)
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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