Flooring Market rapidly growing in global construction sector
Flooring Industry Overview The global flooring market size is expected to reach USD 621.54 billion by 2028 registering a CAGR of 6.1%, according to a new report by Grand View Research Inc. Rising urbanization and expansion of ultramodern workspaces and offices coupled with evolving consumer lifestyle are expected to drive the market growth. Flooring Market Segmentation Grand View Research has segmented the global flooring market on the basis of product, application, and region: Based on the Application Insights , the market is segmented into Residential, Commercial and Industrial. The residential application segment led the market and accounted for more than 54% share of the global revenue in 2020. Rising demand for highly durable and cost-efficient flooring for use in high-traffic commercial areas is projected to boost the commercial application segment growth over the forecast period. Favorable growth of the housing sector in emerging markets includ...