San Francisco, 17 December 2018: 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.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
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)
Access Press Release of
Commercial Flooring Market@ www.grandviewresearch.com/press-release/commercial-flooring-market
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.