The global Commercial Flooring Market size is expected to reach approximately USD 47.69 billion by 2025, according to a new report conducted by Grand View Research, Inc. An increasing number of corporate offices in emerging economies including China, India, and Mexico on account of regulatory inclination to promote the manufacturing output on a domestic level is expected to remain a key driving factor over the next eight years.
Furthermore,
rising government spending towards improving education infrastructure through
the implementation of new schemes including Padhe Bharat Badhe Bharat and
Utkarsh Bangla Scheme is expected to have a strong impact. These factors are
considered to influence the consumption of construction materials including
floor coverings in the education sector and hence boost their market growth.
Increasing government spending on infrastructure development on
non-residential structures is expected to play a vital role in augmenting
demand for flooring. Moreover, the emergence of India, Taiwan, and Mexico as
the upcoming manufacturing hubs will not only result in the establishment of
factories but also, in a significant population migrating close to these
centers, resulting in the development of new cities or expansion of the
existing towns. This factor is expected to play a fundamental role in
developing the floorings market over the next few years.
Green
buildings offer better cost-effective advantages as compared to conventional
buildings. These sustainable structures consume nearly one-third less amount of
energy, reduce the overall loads induced on metal structures, and are capable
of improving the indoor air quality standards. Furthermore, they incorporate
the use of building materials that tend to have a minimalistic harmful impact
on the environmental surroundings.
The
education segment is expected to foresee volume growth at a CAGR of 5.9% from
2017 to 2025. The growing importance of modular tiles in education spaces for
providing moisture resistance and excellent dust control characteristics is
projected to have a positive impact on the industry. In addition, high market
visibility of carpets in developing countries including China and India on
account of the presence of large number soft covering manufacturers on a
domestic level is projected to have a positive impact.
Related
Press Release@ Commercial
Flooring Market Report
Commercial
Flooring Market Report Highlights
- The global
commercial flooring market was 4,680.0 million square meters in 2016 and
is expected to reach 7,903.4 million square meters by the end of 2025,
expanding at a CAGR of 6.0% from 2017 to 2025.
- Wood &
laminates are expected to foresee revenue growth at a CAGR of 7.0% from
2017 to 2025. Engineered wood, alternately called composite wood consists
of a number of wood products manufactured by binding particles, fibers,
veneers, and strands of wood, which are joined with adhesives to form
composite materials. These products are modeled to supreme design
requirements as per the specifications of end-user or client and are
tested to meet international and national standards
- Asia Pacific
is projected to foresee volume growth at a CAGR of 6.9% from 2017 to 2025.
Regulatory support aimed at promoting investments in manufacturing sectors
of China and India is expected to increase the number of commercial spaces
and thus likely to fuel the demand for floor covering in the near future.
- Key
commercial flooring manufacturers include Mannington Mills, Tarkett,
Flowcrete, James Halstead, Nora, Milliken Floor Covering, Novalis, Tajima,
Tkflor, NOX Corporation, and Toli flooring. Product innovation through the
introduction of new designs is expected to remain a key critical success
factor for floor-covering vendors.
List of Key
Players in Commercial Flooring Market
·
Hanwha
·
LG Hausys
·
China National Building Material Co. Ltd.
·
Flowcrete
·
James Halstead
·
Nora
·
Milliken Floor Covering
·
Novalis
·
Tajima
·
Tkflor
·
NOX Corporation
·
Toli flooring
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
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Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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