Home » Business, Manufacturing & Industry, Marketing & Sales, Services » Global Flooring Market Is Anticipated Growth CAGR of 5.9% From 2014 to 2020 Research Report by Hexa Reports
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Market Research on “Global Floorin” Report which is expected to reach USD 326.38 billion by 2020. Growing focus on innovative flooring that is durable in nature is expected to drive market growth through the forecast period.

The global flooring market is expected to reach USD 326.38 billion by 2020. Growing focus on innovative flooring that is durable in nature is expected to drive market growth through the forecast period. Increased insulation demand is also expected to give impetus to the market over the next six years. 

The market is characterized by changing customer preferences, with considerable rise in home improvement and renovation projects. Development of hassle-free installation techniques and coupled with growing demand for environmentally sustainable products is also expected to contribute to industry growth. Environmental and health-related concerns regarding various flooring solutions may pose a challenge to industry participants.

Browse Detailed Report With TOC at:
http://www.hexareports.com/report/flooring-market-analysis-by-product-soft-coverings-resilient-flooring-non-resilient-flooring-seamless-flooring-by-application-residential-commercial-industrial-and-segment-forecasts-to-2020/details

Further key findings from the study suggest:

Global flooring market demand was estimated at 161.19 billion square feet in 2013, and is expected to reach 240.10 billion square feet by 2020, growing at a CAGR of 5.9% from 2014 to 2020.

Soft coverings dominated flooring demand and accounted for over 35% of the overall market volume in 2013. Resilient flooring market is expected to witness substantial growth over the next six years, since it offers benefits such as cost effectiveness, easy installation and low maintenance. Increased demand for antimicrobial and antibacterial flooring is expected to favorably impact resilient flooring demand.

Residential segment was the largest application area in 2013 and accounted for over 50% of the market volume. Owing to growing demand across the construction industry and increased home improvement and renovation projects, the market for flooring products in residential applications is expected to witness growth over the forecast period. 

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Flooring Product Outlook (Volume, Billion Square Feet & Revenue, USD Billion; 2012 – 2020):

Soft Coverings
Resilient Flooring
Non-Resilient Flooring
Seamless Flooring

Flooring Application Outlook (Volume, Billion Square Feet & Revenue, USD Billion; 2012 – 2020):

Residential
Commercial
Industrial

Flooring Regional Outlook (Volume, Billion Square Feet & Revenue, USD Billion; 2012 – 2020):

North America
Europe
Asia Pacific
RoW  


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Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. 

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