San Francisco, California (PRWEB) September 09, 2014
The worldwide flooring marketplace is anticipated to reach USD 326.38 billion by 2020, according to a new study by Grand View Analysis, Inc. A increasing focus on revolutionary flooring that is sturdy in nature is expected to drive marketplace development by way of the forecast period. Enhanced insulation demand is also expected to give impetus to the marketplace more than the subsequent six years.

The industry is characterized by changing client preferences, with a considerable rise in house improvement and renovation projects. Development of hassle-free of charge installation techniques and coupled with developing demand for environmentally sustainable merchandise is also expected to contribute to sector development. Environmental and health-connected concerns concerning numerous flooring solutions might pose a challenge to market participants.

The report “Flooring Marketplace Analysis By Solution (Soft Coverings, Resilient Flooring, Non-Resilient Flooring, Seamless Flooring), By Application (Residential, Industrial, Industrial) And Segment Forecasts To 2020,” is available now to Grand View Research consumers at http://www.grandviewresearch.com/sector-analysis/flooring-industry-analysis

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Further crucial findings from the study recommend:

Worldwide flooring industry demand was estimated at 161.19 billion square feet in 2013, and is expected to reach 240.10 billion square feet by 2020, developing at a CAGR of 5.9% from 2014 to 2020.
Soft coverings dominated flooring demand and accounted for over 35% of the overall market volume in 2013. Resilient flooring market place is anticipated to witness substantial development more than the subsequent six years, given that it provides rewards such as price effectiveness, simple installation and low upkeep. Improved demand for antimicrobial and antibacterial flooring is expected to favorably impact resilient flooring demand.
Residential segment was the biggest application location in 2013 and accounted for more than 50% of the industry volume. Owing to growing demand across the construction market and enhanced house improvement and renovation projects, the market for flooring merchandise in residential applications is anticipated to witness development over the forecast period.
Asia Pacific accounted for more than 45% of the global demand in 2013, and is anticipated to continue dominating the market over the subsequent six years. This can be attributed to increased demand for residential and non-residential creating spaces due to population growth and urbanization.
Important industry participants contain Shaw Industries, Mohawk Industries, Interface, Inc., Mannington Mills, Armstrong, and so on. Creating a vertically integrated infrastructure is anticipated to be a critical achievement factor for gaining market place share. As a result, mergers and acquisitions, coupled with meeting consumer preferences via product differentiation have been among the crucial techniques adopted.
Browse All Reports of This Category by Grand View Analysis at http://www.grandviewresearch.com/industry/green-creating-materials

For the goal of this study, Grand View Investigation has segmented the global flooring marketplace on the basis of product, application and area:

Flooring Solution Outlook (Volume, Billion Square Feet & Income, USD Billion 2012 – 2020)
• Soft Coverings
• Resilient Flooring
• Non-Resilient Flooring
• Seamless Flooring
Flooring Application Outlook (Volume, Billion Square Feet & Revenue, USD Billion 2012 – 2020)
• Residential
• Commercial
• Industrial
Flooring Regional Outlook (Volume, Billion Square Feet & Income, USD Billion 2012 – 2020)
• North America
• Europe
• Asia Pacific
• RoW
Browse All Ongoing Reports by Grand View Investigation at http://www.grandviewresearch.com/ongoing-reports

About Grand View Study

Grand View Research, Inc. is a industry research and consulting business that offers off-the-shelf, customized study reports and consulting solutions. To assist consumers make informed organization decisions, we supply market intelligence research, making certain relevant and reality-based study across a range of industries, from technologies to chemical substances, supplies and power. With a deep-seated understanding of varied business environments, Grand View Research offers strategic objective insights. For a lot more info, check out http://www.grandviewresearch.com

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