Industry Background:
Floor covering refers to a piece of material used to decorate or protect a floor. The floor coverings market has high growth prospects owing to increasing demand from the construction industry. Other factors attributing the growth of the market are the growing popularity of interior decoration, the rise in disposable income, and increasing demand from the commercial sector expected to drive the market demand during the forecasted period.
This growth is primarily driven by Growing Construction Activities Globally and Changing Lifestyle Standards Fueled By Rise in Disposable Income.
Globally, a noticeable market trend is evident Advancement in the Floor Coverings. Major Vendors, such as Armstrong Flooring (United States), Interface Inc. (United States), Home Depot Inc. (United States), Gerflor Group (France), Forbo Holding (Switzerland), Mohawk Industries Inc. (United States), Shaw Industries Group Inc. (United States), TOLI Corporation (Japan), Mannington Mills Inc. (United States), Dixie Group Inc. (United States) and Responsive Industries Ltd (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
4th January 2019, Responsive Industries Ltd. launched floor covering innovation, impact rigid core. It is an interlocking click system vinyl tile that looks exactly like natural stone and wooden flooring.
Market Drivers
- Growing Construction Activities Globally
- Changing Lifestyle Standards Fueled By Rise in Disposable Income
Market Trend
- Advancement in the Floor Coverings
Restraints
- It Emits Volatile Organic Compounds (VOCs)
Opportunities
Rising Demand from the Commercial Sector and Growing Demand from the Developing Economies
Challenges
Lack of Awareness in Emerging Economies
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Floor Coverings Study Sheds Light on
The Floor Coverings Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Floor Coverings industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Floor Coverings industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.