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Showing posts with the label Flooring Market

Global Flooring Market Trends and Insights: 2025 and Beyond

  The global  flooring market   size was valued at USD 277.67 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2030. Increasing demand for aesthetic, superior, and durable floor covering solutions and changing consumer trends in floor design are aiding the growth of the flooring industry over the past few years. The expansion of offices & workspaces, improving consumer lifestyle, and rapid urbanization are factors that have also contributed to the market growth. The fast-paced infrastructural development owing to the rising population in developing countries further contributes to the growth of the flooring industry. The growing disposable income has resulted in increased investments for comfort in residential buildings. Additionally, the continuous growth of high-end residential housing structures and the subsequent and growing preference for single-family housing structures are driving the demand for the ...

Flooring Market expected to grow at a CAGR of 5.4% from 2024 to 2030

  Flooring Industry Overview The global flooring market size was valued at USD 277.67 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2030. Increasing demand for aesthetic, superior, and durable floor covering solutions and changing consumer trends in floor design are aiding the growth of the flooring industry over the past few years. The expansion of offices & workspaces, improving consumer lifestyle, and rapid urbanization are factors that have also contributed to the market growth. The fast-paced infrastructural development owing to the rising population in developing countries further contributes to the growth of the flooring industry. Gather more insights about the market drivers, restrains and growth of the   Flooring Market The growing disposable income has resulted in increased investments for comfort in residential buildings. Additionally, the continuous growth of high-end residential housing structures and the ...

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...