Flooring sector’s growth can be attributed to the growth in the global construction sector.
The Global Flooring Market 2016 report by Research and Markets predicts that the global flooring market will grow with a Compound Annual Growth Rate (CAGR) of 6.37% during the 2016-2020 period.
Commenting on the report, an analyst from the research team said: “A rise in urban population and standards of living is propelling the demand for high-rise buildings. The increase in high-rise building construction is in turn driving the demand for flooring materials.”
According to the report, the growth potential of the flooring market is massive globally mainly due to the growth in the global construction sector. The demand for efficient and aesthetically appealing products is growing worldwide.
Furthermore, the report states that one of the major challenges faced by flooring manufacturers, contractors, suppliers and consultants in the global flooring market is the effective disposal of flooring waste.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies mentioned: Armstrong; Gerflor; Mannington Mills; Mohawk; Tarkett; Anderson Hardwood Floors; Asian Granito; Fired Earth; Forbo; Interface Global; Karndean; and Milliken.