San Francisco, California (PRWEB) September 25, 2014
The international flooring marketplace is expected to reach USD 326.38 billion by 2020, according to a new study by Grand View Analysis, Inc. A growing concentrate on revolutionary flooring that is sturdy in nature is expected to drive market place growth by way of the forecast period. Elevated insulation demand is also anticipated to give impetus to the market place more than the subsequent six years.

The market is characterized by changing customer preferences, with a considerable rise in property improvement and renovation projects. Improvement of hassle-free of charge installation tactics and coupled with increasing demand for environmentally sustainable products is also anticipated to contribute to industry growth. Environmental and well being-associated issues relating to different flooring solutions may possibly pose a challenge to business participants.

The report “Flooring Market place Analysis By Solution (Soft Coverings, Resilient Flooring, Non-Resilient Flooring, Seamless Flooring), By Application (Residential, Commercial, Industrial) And Segment Forecasts To 2020,” is offered now to Grand View Research consumers at http://www.grandviewresearch.com/business-evaluation/flooring-marketplace-analysis

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Further important findings from the study recommend:

Global flooring market demand was estimated at 161.19 billion square feet in 2013, and is expected to attain 240.ten billion square feet by 2020, increasing at a CAGR of five.9% from 2014 to 2020.

Soft coverings dominated flooring demand and accounted for over 35% of the general industry volume in 2013. Resilient flooring market is anticipated to witness substantial development more than the next six years, since it delivers advantages such as expense effectiveness, straightforward installation and low upkeep. Enhanced demand for antimicrobial and antibacterial flooring is anticipated to favorably influence resilient flooring demand.

Residential segment was the biggest application area in 2013 and accounted for more than 50% of the marketplace volume. Owing to growing demand across the construction market and increased home improvement and renovation projects, the industry for flooring products in residential applications is expected to witness development over the forecast period.

Asia Pacific accounted for more than 45% of the international demand in 2013, and is anticipated to continue dominating the marketplace over the next six years. This can be attributed to enhanced demand for residential and non-residential constructing spaces due to population growth and urbanization.

Key business participants contain Shaw Industries, Mohawk Industries, Interface, Inc., Mannington Mills, Armstrong, and so on. Establishing a vertically integrated infrastructure is anticipated to be a critical good results issue for gaining market place share. As a outcome, mergers and acquisitions, coupled with meeting consumer preferences by way of item differentiation have been among the essential techniques adopted.

Browse all reports of this category at http://www.grandviewresearch.com/industry/green-constructing-materials

For the objective of this study, Grand View Investigation has segmented the international flooring industry on the basis of solution, application and region:

Flooring Item 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 & Income, 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 upcoming reports by Grand View Research at http://www.grandviewresearch.com/ongoing-reports

About Grand View Research

Grand View Study, Inc. is a marketplace study and consulting organization that gives off-the-shelf, customized research reports and consulting services. To help clients make informed enterprise choices, we offer you industry intelligence research, making sure relevant and fact-primarily based analysis across a range of industries, from technologies to chemical compounds, components and power. With a deep-seated understanding of varied business environments, Grand View Study supplies strategic objective insights. For a lot more data, go to http://www.grandviewresearch.com

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Sherry James
Corporate Sales Specialist, USA
Grand View Analysis, Inc
Phone: 1-415-349-0058
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