Precision Business Insights has published a report on the global floor covering market, estimating its value at USD 359.3 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 8.8% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/floor-covering-market
The floor covering market encompasses the manufacture, distribution, and installation of materials used to cover and finish floors in residential, commercial, and industrial settings. These materials include carpets, rugs, tiles, vinyl, laminates, wood, stone, and other resilient and non-resilient flooring alternatives.
Drivers:
- Growth in residential and commercial construction, particularly in emerging economies.
- Rising urbanization and disposable income, leading to higher demand for aesthetic and durable flooring.
The global floor covering market segmentation:
1) By Type: Wood Flooring, Laminate Flooring, Stone Flooring, Vinyl Flooring, Ceramic Tiles Flooring, Others
2) By End-User: Commercial, Residential
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Regional Overview:
The report also examines the current concerns and their Future Effects on the floor covering market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the floor covering market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Armstrong Flooring, Gerflor Group, Mannington Mills Inc, Tarkett Group, Dixie Group Inc, Shaw Industries Group Inc, Mohawk Industries, Forbo Holdings, TOLI Corporation, Milliken & Company.
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