Increase in urban population, consumer preferences for aesthetically better designs, textures, and colors, as well as low-maintenance and easy-to-install floorings drive the growth of the global indoor flooring market.
PORTLAND, Ore., July 5, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Indoor Flooring Market By Type (Ceramic Tiles, Carpet, Vinyl, Linoleum & Rubber, Wood & Laminate, Others), By Construction Type (New Construction, Renovation), By End-User (Residential, Commercial & Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2030". According to the report published by Allied Market Research, the global indoor flooring industry generated $133.3 billion in 2021, and is projected to reach $226.3 billion by 2031, witnessing a CAGR of 5.4% from 2022 to 2031.
Increase in urban population, consumer preferences for aesthetically better designs, textures, and colors, and low-maintenance, and easy-to-install floorings drive the growth of the global indoor flooring market. In addition, increase in urban population increases the commercial construction activity, which, in turn, provides lucrative opportunities for the growth.
Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/8995
- The outbreak of the COVID-19 pandemic led to have a negative impact on the growth of the global indoor flooring market, as the pandemic halted production of many products in the indoor flooring market with lockdown restrictions in place.
- The demand for indoor flooring decreased significantly from the construction sector, owing to temporary closure of all construction projects.
- Supply chain disruptions, unavailability of raw materials, and low labor force were major challenges faced by manufacturers.
Based on construction type, the new construction segment held the highest market share in 2021, holding more than four-fifths of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is estimated to register the highest CAGR of 5.5% from 2022 to 2031, due to various factors such as flexibility, in terms of design, color, and texture offered by these tiles. The report also analyzes the renovation segment.
Get detailed COVID-19 impact analysis on the Indoor Flooring Market : https://www.alliedmarketresearch.com/request-for-customization/8995
Based on end user, the residential segment held the largest market share in 2021, holding around three-fifths of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is projected to register the highest CAGR of 5.6% from 2022 to 2031. This is due to increasing global population and rising demand for residential houses. The research also discusses the segments such as commercial and industrial.
Based on region, Asia-Pacific is contributed to the highest share in terms of revenue in 2021, holding nearly half of the total market share, and is estimated to continue its dominant share by 2031. Moreover, this region is projected to manifest the fastest CAGR of 6.0% during the forecast period, due to rapid development of the construction industry and easy availability of raw materials. The research also analyzes regions including North America, Europe, and LAMEA.
- Armstrong Flooring, Inc.
- Beaulieu International Group
- Ecore International
- Forbo International SA
- Interface, Inc.
- Mats Inc.
- Mohawk Industries, Inc.
- Shaw Industries Group, Inc.
- Toli Corporation
Interested in Procure Data? Visit: https://www.alliedmarketresearch.com/purchase-enquiry/8995
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenueTrial
Similar Reports We Have:
Industrial Flooring Market - global industrial flooring market size was valued at $7.9 billion in 2021, and is projected to reach $13.5 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031
Home Improvement Services Market - global home improvement services market size was valued at $316.8 billion in 2020, and is expected to reach $585.3 billion by 2030, registering a CAGR of 6.2% from 2021 to 2030.
Outdoor flooring Market - global outdoor flooring market size was valued at $16,557.7 million in 2019, and is projected to reach $22,070.0 million by 2027, registering a CAGR of 5.6% from 2020 to 2027.
Ceramic Tiles Market - global ceramic tiles market size was valued at $343.9 billion in 2020, and is projected to reach $633.5 billion by 2030, registering a CAGR of 6.3% from 2021 to 2030.
Pre-Book Now with 10% Discount:
Residential Construction Market - Global Opportunity Analysis and Industry Forecast, 2021–2030
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada): +1-800-792-5285,
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on | Facebook | Twitter | LinkedIn
SOURCE Allied Market Research