Building & Construction Market Research News

Flooring market to growing at 5.7% growth rate to 2023 according to new research report

Construction and Building

The report aims at estimating flooring market size and future growth potential of flooring market across different segments on basis of type, by material, end-use industry, & region. It also provides detailed information regarding major factors influencing growth of market (drivers, restraints, opportunities, and industry-specific challenges).

The flooring market was valued at USD 324.26 Billion in 2017 and is projected to reach USD 447.74 Billion by 2023, at a CAGR of 5.7% during the forecast period.

Report further aims to study individual growth trends, future prospects, and contribution of various segments to overall market. Study also analyzes opportunities in flooring market for stakeholders and provides details of the competitive landscape for market leaders.

It strategically profiles key players and comprehensively analyzes their core competencies.

Report:…ame=393326 .

Ceramic led the flooring market in 2017, in terms of volume; this segment is projected to retain its leading position through 2023. Its cost-effectiveness, resistance to stains and water, and environment-friendly properties contribute toward its leading position in the flooring market.

Furthermore, the integration of new technologies in ceramic tiles such as digital printing has boosted its popularity in the construction industry.

“Based on end-use industry, the residential segment accounted for a larger share of the flooring market in 2017.”

The study also aims at strategically analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market. It also provides detailed information about the key market dynamics which include drivers, restraints, opportunities, and industry-specific challenges.

In addition, the study analyzes competitive developments such as acquisitions, investments, and agreements in the flooring market.…eport.html .

Asia Pacific flooring market is projected to grow at the highest CAGR between 2018 and 2023. Factors such as the increasing number of new housing units, significant investments in the infrastructural sector, and rapid industrialization are driving the flooring market in the region.

The markets in China and India are projected to be lucrative due to their growing construction industry in these countries.

Industry Trends

1 Introduction

2 Porter’s Five Forces Analysis

3 Threat of New Entrants

4 Threat of Substitutes

5 Bargaining Power of Suppliers

6 Bargaining Power of Buyers

7 Intensity of Competitive Rivalry

8 Macroeconomic Indicators

9 Trends and Forecast of GDP

10 Contribution of the Construction Industry to the GDP, By Country

11 Ceramic Tiles Production Across Regions (Million Square Meter)

Report:…ame=393326 .

The primary objective of this study is to define, forecast, and segment the flooring market on the basis of type, by material, end-use industry, and region. The study also aims at strategically analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market.

The report will help market leaders/new entrants in this market in the following ways:

  • This report segments the flooring market and provides the closest approximations of revenue numbers for the overall market and its subsegments across different regions.
  • The report helps stakeholders understand the market and provides them with information about the key market drivers, restraints, opportunities, and challenges.
  • This report will help stakeholders better understand their competitors and gain insights to improve their position in the market. The competitive landscape section includes the ranking of the top five players in the flooring market.

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