Global Flooring Market: Key Highlights
Global Flooring Market: Key Market Dynamics
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Global Flooring Market: Regional Overview
The flooring market in the North America region is projected to witness high demand due to the higher renovation activities and new infrastructure building. This has attributed by the growing construction activities coupled with rising demand for sustainable and advanced construction practices are anticipated to drive the product demand. According to U.S. Census Bureau, the total spending on construction activities was USD 1,356,409 million in 2019.
Asia-Pacific region is expected to dominate the flooring market during the forecasted period owing to the ongoing construction activities coupled with rising infrastructure activities, urbanization and industrialization. For instance, China has approved 26 infrastructure projects with a total expected investment of USD 142 billion in 2019.
Global Flooring Market: Key Players Overview
Mohawk Group is one of the largest floors covering manufacture and is commercial flooring division of Mohawk industries. The company operates through carpets, rugs, ceramic tiles, wood, laminate, stone, and resilient flooring business segments. In June 2018, the group launched a new product called Pivot Point Red List-free which will enhance resilient tile (ERT).
Tarkett S.A. has operated through 33 industrial sites and 25 research laboratories. The company has wide product portfolio namely Vinyl, Laminate, wood, tracks, carpets, artificial truf, rubber & accessories, and linoleum. In January 2018, the company expended it its luxury vinyl tiles production capacity in North America and Europe. This will help to increase the production capacity in the region.
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