Flooring Market Size Worth $584.14 Billion by 2027 | CAGR: 5.9%: Grand View Research, Inc.

Flooring Market Size Worth $584.14 Billion by 2027 | CAGR: 5.9%: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, March 17, 2020

SAN FRANCISCO, March 17, 2020 /PRNewswire/ -- The global flooring market size is expected to reach USD 584.14 billion by 2027, expanding at a CAGR of 5.9%, according to a new report published by Grand View Research Inc. Increasing construction projects across the globe coupled with a rising number of building renovation activities for old residential and commercial structures are likely to support the growth.

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Key suggestions from the report:

Read 120 page research report with ToC on "Flooring Market Size, Share & Trends Analysis Report By Product (Soft Coverings, Resilient, Non-Resilient), By Application (Residential, Non-residential), By Region, And Segment Forecast, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/flooring-market-analysis

Preferences for flooring vary across the globe. For instance, non-resilient flooring is widely accepted in Asia Pacific and Middle East and Africa. Comparatively cold regions such as North America and Europe, on the other hand, prefer soft covering floors, such as carpets and resilient materials to resist the effect of temperature.

Commercial availability of flooring products coupled with introduction of new design and dimensions in flooring components has propelled the market. Technological advancements have helped the manufacturers introduce innovative products with custom colors, designs, and dimensions. This factor is likely to propel the demand in the forthcoming years.

Grand View Research has segmented the global flooring market on the basis of product, application, and region:

Find more research reports on  Green Building Materials Industry, by Grand View Research:

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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