Luxury Flooring Market Scope
Luxury Flooring are same as the conventional floorings with comparatively better quality of flooring with wide range of sizes, shapes, qualities, materials as well as patterns. These type of flooring are mainly used in the healthcare applications as well as high level schools where the mat finished as well as anti-slippery floorings. With the increasing disposable incomes as well as with continues developments in construction industry the global flooring market will show significant growth in the upcoming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Armstrong World Industries (United States), Bruce Flooring (United States), Balterio Laminate Flooring (Belgium), Beaulieu International Group (Belgium), Berryalloc (Belgium), Classen Group (Germany), Formica Corporation (United States), Faus (United States), Kronoflooring (Germany) and Kaindl Flooring (Austria) |
CAGR | % |
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Luxury Flooring market throughout the predicted period.
Armstrong World Industries (United States), Bruce Flooring (United States), Balterio Laminate Flooring (Belgium), Beaulieu International Group (Belgium), Berryalloc (Belgium), Classen Group (Germany), Formica Corporation (United States), Faus (United States), Kronoflooring (Germany) and Kaindl Flooring (Austria) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Mohawk Industries (United States), Shaw Industries (United States) and Greenply Industries (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Luxury Flooring market by Type , by Application (Carpet Tiles, Broadloom Carpets, Artificial Green Flooring and Others) and Region with country level break-up.
On the basis of geography, the market of Luxury Flooring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In July 2018, B.I.G. has acquired two globally leading flooring companies Beaulieu Canada and Beaulieu Australia, which will create new opportunities for future product developments. Both the acquired companies are flooring manufacturers with well-established positions in their respective local markets. They were having a combined turnover of more than €150 million.
In December 2018, Armstrong World Industries, Inc. has announced the conditional clearance by the European Commission of the Company’s previously announced sale of certain subsidiaries comprising its EMEA and Pacific Rim businesses, including the businesses of the WAVE joint venture in EMEA and the Pacific Rim, as well as Armstrong France and WAVE France, to Knauf International GmbH.
Influencing Trend:
Introduction to Vinyl Flooring mainly in Health Care and Educational Infrastructures and Adoption of Waterproof and Mat Finished Floorings
Market Growth Drivers:
Increasing Prevalence of Construction Industry across the Globe and Lower Maintenance Costs for Luxury Floorings
Challenges:
Stringent Government Prohibitions on Construction Projects and Increasing Labor Cost will maximize the Overall Operational Overheads
Restraints:
Comparatively High Cost for Luxury Floorings than Conventional Floorings
Opportunities:
Availability of Wide Range of Sizes, Colors, Patterns and Textures and Reduced Risk of Injuries on Luxury Vinyl Floorings
Key Target Audience
Luxury Flooring Manufacturers, Luxury Flooring Distributors and Traders, Construction Organizations, Educational and Healthcare Institutes, Government Agencies and Others