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CHICAGO , Feb. 7, 2023 /PRNewswire/ -- According to Arizton's latest research report, the flooring market will grow at a CAGR of 6% during 2022-2028. Growing partnerships for digital marketing, emerging new technologies in the flooring market, and high demand for luxury vinyl tiles drive market growth. APAC dominated the global flooring market share and was valued at USD 176.15 billion in 2022. Developing countries such as India and China are important construction markets with significant demand and promising growth potential. Due to the benefit of having a large market share for modern building and construction technologies, APAC is expected to lead the global flooring market. Server Room Raised Floor
In recent years, vendors in the global flooring market have forged partnerships with digital marketing firms. Digital marketing observes a huge shift toward advertising with more personal, creative, and targeted content and images. In addition, digital marketing provides significant levels of information and resources that consumers can access at any time from different locations. This creates an opportunity for retailers to gather data to develop and restructure marketing strategies for the flooring industry. Moreover, many manufacturers of flooring products prefer digital marketing to increase their reach in the market. The products' efficiency and quality drive customers toward flooring products. Customers across the globe are seeking flooring products and services through e-commerce sites and proprietary brand websites. With the help of digital marketing, companies provide services and sources on various platforms to increase customer reach in the market. The companies are focusing on tie-ups with digital marketing firms to expand their market presence.
Global Flooring Market Report Scope
Product, Application, Distribution Channel, End-User, and Geography
North America, Europe, APAC, Latin America, and Middle East & Africa
The US, Canada, Germany, the UK, Italy, France, Spain, China, Japan, South Korea, India, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, the UAE, and Turkey
Mohawk Industries, Inc., Forbo Flooring, Beaulieu International Group (B.I.G.), Grupo Lamosa, LL Flooring Holdings, RAK Ceramics, Tarkett, Shaw Industries Group (Berkshire Hathaway), Interface, Victoria, Burke Flooring (Mannington Commercial, Mannington Mills), Gerflor Group, Pamesa Ceramica Compactto, AHF, Kajaria Ceramics, Portobello, Polyflor, Crossville, PORCELANOSA Grupo, SCG Ceramics, Congoleum, Dixie Group, Brumark, Dorsett Industries, Milliken, Oriental Weavers, Axminster Carpets, Brintons Carpets, and Betap
· Growing Infrastructural Development in Commercial Sector
· Robust Increase in New Construction and Remodeling in Residential Sector
· Rising Demand in the Sports Industry
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Increasing Demand for Luxury Vinyl Tiles Worldwide
Recently, Luxury Vinyl Tiles (LVTs) have emerged as an increasingly popular flooring product. LVTs are polished and better-looking versions of typical vinyl floors. Thus, LVTs are more durable, aesthetically appealing, high quality, and low maintenance flooring products at excellent prices. These tiles are most appealing to customers due to their availability in various colors and style choices, ranging from traditional to modern shapes and forms. In addition, the flexural strength and hardness of LVTs make them durable and resilient in areas with heavy foot traffic. Currently, luxury vinyl tiles are available in wooden look form with a soft underfoot feeling, in a tile and plank form. LVT is mainly preferred for bedrooms, fancy areas, and living rooms of residence for a perfect finish and classy look. Hence, the residential sector is expected to create considerable demand for LVT during the forecast period.
The choice of the right distribution channel has enabled vendors to drive the sales of their flooring products. These flooring products are made available to consumers via several brick-and-mortar retail shops and online websites. B2B supermarkets are large self-service stores that offer a comprehensive range of products for several businesses. Hypermarkets have large retail spaces and act as a combination of supermarkets and department stores. Both these retail formats cater to the requirements of customers for flooring tiles. One can find a comprehensive assortment of products from diverse brands at such stores. These stores have a high footfall and offer ample opportunities for vendors to highlight their flooring products. Supermarkets and hypermarkets are other retail store options for flooring product vendors to sell their products by acquiring a large shelf space. However, vendors can boost their sales through better relations, offers, gifts, and product promotions in small retail shops or departmental stores. In 2020, North America had around 85 supermarkets, ranked among the top 250 supermarkets worldwide, with 85 in the US alone. Europe and APAC had around 87 and 60 supermarkets featured in the top 250 supermarkets worldwide. Therefore, offline distribution channels boost flooring products' sales in the global market.
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Raised Access Flooring Market - Global Outlook and Forecast 2020-2025: The global raised access flooring market size will cross USD 900 million by 2025, growing at a CAGR of over 2% from 2020-2025. The usage of raised access flooring technology is increasing due to the growth in the construction market. The optimal use of floor space is one of the primary reasons for the growth of this technology. The increase in building permits for private residential houses and the growth of commercial construction are key factors influencing the market significantly.
Carpet Flooring Market - Global Outlook & Forecast 2023-2028: The global carpet flooring market was valued at USD 86.02 billion in 2022, growing at a CAGR of 5.74%. The growing disposable income, rapid shifting towards urbanization, and modernization are also major drivers for the carpet flooring market globally. The introduction of innovative and differentiated products and green technologies further fuel the market's growth. Moreover, the travel & tourism and construction industries contribute the most to the market globally.
U.S. Wall Repair Products Market - Industry Outlook & Forecast 2022-2027: The U.S. wall repair products market is expected to reach USD 12.28 billion by 2027 from USD 9.33 billion in 2022, growing at a CAGR of 4.69% during the forecast period. Rapid industrialization and increasing applications in the household and commercial sectors are primarily driving the wall repair products market. These repair products are mainly used in the residential sector since the construction of housing units in the U.S. is drywall. Drywall is rigid, however, not indestructible. Over time, gypsum-board walls can withstand ugly cracks or holes. Fortunately, drywalls can be easily fixable. Therefore, the construction of drywall housing is expected to surge the demand for wall repair products in the U.S.
4.3.3 MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
4.3.4 MARKET SEGMENTATION BY END USER
4.3.5 MARKET SEGMENTATION BY NON-RESIDENTIAL END USER
6.4 ANALYSIS OF OPPORTUNITIES & CHALLENGES
9.1 SURGE IN DIGITAL MARKETING PARTNERSHIPS
9.2 EMERGING NEW TECHNOLOGIES IN FLOORING MARKET
9.3 HIGH DEMAND FOR LUXURY VINYL TILES
10.1 GROWING INFRASTRUCTURAL DEVELOPMENT IN COMMERCIAL SECTOR
10.2 INCREASE IN NEW CONSTRUCTION AND REMODELING PROJECTS IN RESIDENTIAL
10.3 RISING DEMAND FOR FLOORING PRODUCTS IN SPORTS INDUSTRY
11.1 RISE IN ENVIRONMENTAL & HEALTH CONCERNS
11.2 SIGNIFICANT DEMAND FOR CONCRETE FLOORING IN LOW- AND MIDDLE-INCOME
13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.3.4 WOOD & LAMINATE: MARKET SIZE & FORECAST
13.3.6 CERAMIC TILES: MARKET SIZE & FORECAST
13.3.8 CARPET: MARKET SIZE & FORECAST
13.3.10 OTHERS: MARKET SIZE & FORECAST
14.1 MARKET SNAPSHOT & GROWTH ENGINE
15.1 MARKET SNAPSHOT & GROWTH ENGINE
16.1 MARKET SNAPSHOT & GROWTH ENGINE
16.4.4 MEDICAL & CARE CENTERS: MARKET SIZE & FORECAST
16.4.6 RETAIL STORES: MARKET SIZE & FORECAST
16.4.8 EDUCATIONAL FACILITIES: MARKET SIZE & FORECAST
16.4.10 HOSPITALITY & LODGING: MARKET SIZE & FORECAST
16.4.12 OFFICES: MARKET SIZE & FORECAST
16.4.14 SPORTS & ENTERTAINMENT: MARKET SIZE & FORECAST
16.4.16 OTHERS: MARKET SIZE & FORECAST
17.1 MARKET SNAPSHOT & GROWTH ENGINE
18.9.1 CHINA : MARKET SIZE & FORECAST
18.9.2 INDIA : MARKET SIZE & FORECAST
18.9.3 JAPAN : MARKET SIZE & FORECAST
18.9.4 AUSTRALIA : MARKET SIZE & FORECAST
18.9.5 SOUTH KOREA : MARKET SIZE & FORECAST
19.9.1 US: MARKET SIZE & FORECAST
19.9.2 CANADA : MARKET SIZE & FORECAST
20.9.1 GERMANY : MARKET SIZE & FORECAST
20.9.2 UK: MARKET SIZE & FORECAST
20.9.3 FRANCE : MARKET SIZE & FORECAST
20.9.4 ITALY : MARKET SIZE & FORECAST
20.9.5 SPAIN : MARKET SIZE & FORECAST
21.9.1 SAUDI ARABIA : MARKET SIZE & FORECAST
21.9.2 UAE: MARKET SIZE & FORECAST
21.9.3 TURKEY : MARKET SIZE & FORECAST
21.9.4 SOUTH AFRICA : MARKET SIZE & FORECAST
22.9.1 BRAZIL : MARKET SIZE & FORECAST
22.9.2 MEXICO : MARKET SIZE & FORECAST
22.9.3 ARGENTINA : MARKET SIZE & FORECAST
23.2 MARKET STRUCTURE & MAPPING OF COMPETITION
24.3.3 BEAULIEU INTERNATIONAL GROUP (B.I.G.): PRODUCT OFFERINGS
24.4.3 LAMOSA FLOORS & WALLS: PRODUCT OFFERINGS
24.4.6 CERAMICA SAN LORENZO : PRODUCT OFFERINGS
24.5.3 LL FLOORING HOLDINGS: PRODUCT OFFERINGS
24.8 SHAW INDUSTRIES GROUP (BERKSHIRE HATHAWAY)
24.8.7 SHAW SPORTS TURF: PRODUCT OFFERINGS
24.10.3 CARPET LINE DIRECT: PRODUCT OFFERINGS
24.10.5 DOM DESIGN LAB: PRODUCT OFFERINGS
25.1 BURKE FLOORING (MANNINGTON COMMERCIAL, MANNINGTON MILLS)
25.1.2 BURKE FLOORING (MANNINGTON COMMERCIAL, MANNINGTON MILLS): PRODUCT
25.3.2 PAMESA CERAMICA COMPACTTO: PRODUCT OFFERINGS
25.12.2 THE DIXIE HOME: PRODUCT OFFERINGS
27.8.1 PRODUCT: MARKET SIZE & FORECAST
27.8.2 NON-RESILIENT FLOORING: MARKET SIZE & FORECAST
27.8.3 APPLICATION: MARKET SIZE & FORECAST
27.8.4 DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST
27.8.5 END USER: MARKET SIZE & FORECAST
27.8.6 NON-RESIDENTIAL: MARKET SIZE & FORECAST
27.9.1 PRODUCT: MARKET SIZE & FORECAST
27.9.2 NON-RESILIENT FLOORING: MARKET SIZE & FORECAST
27.9.3 APPLICATION: MARKET SIZE & FORECAST
27.9.4 DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST
27.9.5 END-USER: MARKET SIZE & FORECAST
27.9.6 NON-RESIDENTIAL: MARKET SIZE & FORECAST
27.10.1 PRODUCT: MARKET SIZE & FORECAST
27.10.2 NON-RESILIENT FLOORING: MARKET SIZE & FORECAST
27.10.3 APPLICATION: MARKET SIZE & FORECAST
27.10.4 DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST
27.10.5 END-USER: MARKET SIZE & FORECAST
27.10.6 NON-RESIDENTIAL: MARKET SIZE & FORECAST
27.11.1 PRODUCT: MARKET SIZE & FORECAST
27.11.2 NON-RESILIENT FLOORING: MARKET SIZE & FORECAST
27.11.3 APPLICATION: MARKET SIZE & FORECAST
27.11.4 DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST
27.11.5 END USER: MARKET SIZE & FORECAST
27.11.6 NON-RESIDENTIAL: MARKET SIZE & FORECAST
27.12.1 PRODUCT: MARKET SIZE & FORECAST
27.12.2 NON-RESILIENT FLOORING: MARKET SIZE & FORECAST
27.12.3 APPLICATION: MARKET SIZE & FORECAST
27.12.4 DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST
27.12.5 END USER: MARKET SIZE & FORECAST
27.12.6 NON-RESIDENTIAL: MARKET SIZE & FORECAST
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