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Global Floor Covering Market 2021 Share, Growth by Top Company, Region, Application, Driver, Trends & Forecast

Floor Covering

Floor Covering Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Floor Covering market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Continuous Increase in Ceramic Tiles

In 2017, ceramic tile continued its upward curve, outpaced only by luxury vinyl tile. Overall in 2017, ceramic tile sales are estimated to have increased by 6.8% in dollars and 5.4% in square feet. These gains increased ceramic tile’s share of total floor covering sales by 14.3% in dollars and square feet, which is up from about 14% of total sales in 2016. The growth is largely due to innovation and a variety of other factors, including greater consumer accessibility, strong builder and housing markets, and continued economic growth. There were various design factors contributing to the tile sector’s growth in 2017. As well, new file formats and technologies are driving opportunity. In 2017, subtle textured concrete looks, bold wood looks with color variation, and innovative three-dimensional wall tiles are only a few of the cutting-edge tile opportunities available to the consumers.

Strong Growth in Stone

Stone continues to grow in sales and square feet but has not kept pace with ceramic tile, due to its price. Despite the lack of sharp gains, the housing and builder markets have positively affected the stone sector. Meanwhile, technology has continued to positively affect tile, and it has adversely affected stone because digital printing can put realistic stone looks on less expensive ceramic tile. The installation crisis continues to negatively affect both the tile and stone sectors, however, 2017 saw some progress. According to the Catalina Research, employment rate at tile and stone contractors increased by 4.5% and average hourly wages at ceramic tile and stone contractors soared by 13%.

Market Overview:

  • Floor coverings include carpets, rugs, wood, tiles, and other flooring materials, which are used for covering floors.
  • – The US floor covering sales strengthened in 2017, due to rising consumer confidence and a sharper increase in single-family home construction.
  • – Square foot sales increased, however, did not keep pace, due to a decline in multi-family housing started slowdown in the commercial markets.
  • – A key propellant for the expansion of the market is marked growths in the building and construction industries. The main challenge faced by the industry is the volatility in the prices of raw materials. Builder purchase gains may continue to gain profit, as millennials begin to form households.
  • – Home floor coverings spending benefited for a double-digit increase in residential improvement construction spending.
  • – The builder market makes profits and offers opportunities for the floor covering industry.
  • Key Manufacturers Like 

  • Mohawk Industries Inc.
  • Shaw Industries Group Inc.
  • Armstrong Flooring
  • Interface Inc.
  • Home Depot Inc.
  • Lowe’s
  • Floor & Decor Holdings Inc.
  • Lumber Liquidators Inc.
  • ABC Carpet & Home Inc.
  • Milliken & Company.

    Scope of the Report:

  • A complete background analysis of the US floor covering market, which includes an assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and logistics spending by the end-user industries.

    Floor Covering market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Floor Covering market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Floor Covering market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Floor Covering market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Floor Covering market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Floor Covering ?
    • Who are Opportunities, Risk and Driving Force of Floor Covering market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Floor Covering space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Floor Covering market opportunities, market risk and market overview of the Market?

    Lastly, the Global Floor Covering Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Floor Covering Market Report:

    • To provide a detailed analysis of the market structure along with the Floor Covering market forecast of various segments and sub-segments of the Floor Covering market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Floor Covering market trends that influence the global Floor Covering market

    Detailed TOC of Floor Covering Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Key Deliverables of the Study
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET INSIGHTS AND DYNAMICS
    4.1 Market Overview
    4.2 Drivers
    4.3 Restraints
    4.4 Challenges
    4.5 Trends in the US Floor Covering Market
    4.6 Value Chain Analysis of the US Floor Covering Market
    4.7 Porter’s Five Forces Analysis
    4.8 E-commerce Impact on the US Floor Covering Market
    4.9 Technological Innovations

    5 MARKET SEGMENTATION
    5.1 By Material
    5.1.1 Carpet and Area Rugs
    5.1.2 Hardwood Flooring
    5.1.3 Ceramic Floor and Wall Tile
    5.1.4 Laminate Flooring
    5.1.5 Vinyl Sheet and Floor Tile
    5.1.6 Other Resilent Flooring
    5.1.7 Stone Flooring
    5.2 By End User
    5.2.1 Residential
    5.2.2 Commercial
    5.2.3 Industrial

    6 COMPANY PROFILES
    6.1 Mohawk Industries Inc.
    6.2 Shaw Industries Group Inc.
    6.3 Armstrong Flooring
    6.4 Interface Inc.
    6.5 Home Depot Inc.
    6.6 Lowe’s
    6.7 Floor & Decor Holdings Inc.
    6.8 Lumber Liquidators Inc.
    6.9 ABC Carpet & Home Inc.
    6.10 Milliken & Company

    7 INVESTMENT ANALYSIS ON THE US FLOOR COVERING MARKET

    8 OPPORTUNITIES AND FUTURE OF THE MARKET

    9 APPENDIX

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