About Cork Flooring
Cork is a natural and renewable material. These are natural, sustainable, healthy and versatile in nature. Cork flooring market has high growth prospects due to increasing insulating properties for residential purposes. Additionally, increasing consumer's focus on reducing energy costs and the ideal floor for living spaces. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for interior designing.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AMORIN (Portugal), Corksribas (United States), USFloors (United States), Granorte (Portugal), MJO Cork (Australia), Home Legend (United States), We Cork (United States), Zandur (United States), Expanko (United States), Capri cork (United States), Globus Cork (United States) and Jelinek Cork Group (Canada) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Cork Flooring market by Type (Natural Cork Flooring and Colorful Cork Flooring), Application (Commercial Flooring and Residential Flooring) and Region.
On the basis of geography, the market of Cork 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Influencing Trend:
value Oriented Customer and Increasing Demand at Asia-Pacific Regions
Market Growth Drivers:
Increasing Urbanization and Globalization and Rising Demand for Interior Design of House
Challenges:
Skilled Professional Required for Installations and Product Recalls may Hamper the Growth of the Market
Restraints:
High Cost associated with Cork Flooring and Lack of Awareness among Customers
Opportunities:
Growing Adoption of Natural and Renewable Raw Materials and Implementation of Eco-Friendly Products
Market Leaders and their expansionary development strategies
In July 2020, Opus Floors Canada launched the Green Flow collection in partnership with Corksribas. The category includes cork visuals, trendy mosaic/ceramic visuals printed, and wood plank visuals. It is produced from post-industrial and natural cork materials to contribute low carbon footprint and sustainability.
In November 2022, Granorte launched a budget-driven cork flooring collection at domotex. It is used to offers water-resistant, wear-resistant and ecological beneficial natural materials. This sustainable and natural materials is beneficial for overcoming the existing products.
Key Target Audience
Cork Flooring Manufacturers, End-Use Market Participants of Different Segments of Cork Flooring, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.