Flooring Industry Overview

Global industry trends share size growth opportunity and forecast 2019 2024.

Flooring industry overview.

The future of the vinyl flooring market in the united states looks promising with opportunities in residential and non residential applications. A key factor driving the growth of the market is the rapid rise in the construction sector. Flooring installers in the us industry outlook 2020 2025 poll average industry growth 2020 2025. This freedonia industry study analyzes the global flooring industry.

Commercial flooring market revenue by application 2016 healthcare is projected to foresee volume growth at a cagr of 6 4 from 2017 to 2025. Flooring materials are required in various floor spaces in the healthcare industry that includes corridors medical hallways operation theaters clinics and diagnostic centers. The chapter also covers current market conditions in the new construction and renovation residential segments. The growth in the region can be attributed to the growing construction industry supportive government policies plans and rapid urbanization.

In north america the demand for resilient flooring stood at usd 63 4 billion and is anticipated to accelerate at a cagr of 5 6 over the forecast period. X x lock purchase this report or a membership to unlock the average company profit margin for this industry. The well established construction industry in u s. Chapter three provides a high level overview of the residential flooring industry including historical current and future industry perspectives as well as a look at current and anticipated manufacturing issues and trends.

5 2020 at 4 59 a m. The industry is further accelerated by the several advantages that vinyl flooring offers such as cost effectiveness easy installation and maintenance and moisture resistance. The growth of construction in emerging markets especially in south east asia has been significant. The increase in residential and commercial construction activities are driving the growth of the flooring market.

Asia pacific is projected to be the fastest growing market for flooring during the forecast period. Press release hard wood flooring industry 2020 by market overview opportunities driving force market risks and forecast to 2026 published. And canada coupled with rising demand for single family houses is likely to provide growth opportunities for the market. This ranges from macro overview of the market to micro details of the industry.