Global Floor Covering Market - Market Research Report 2015-2019
About floor covering
Floor covering can be used for both residential and commercial purposes for comfort, safety, durability and decoration. The different types of floor covering include textile floor covering, tiles, wood and laminate covering, and vinyl and rubber covering. The global floor covering market is expected to benefit from a large population of consumers seeking high-quality products. In addition, the rising consumer confidence across the world, increasing disposable income, the booming housing industry, and growing demand for luxury flooring options are the other factors contributing to the growth the market worldwide.
Technavio's analysts forecast the global floor covering market to grow at a CAGR of 5.92% by sales revenue over the period 2014-2019.
Covered in this report
The report covers the current scenario and the growth prospects of the global floor covering market for the period of 2015-2019. To calculate the market size, the report considers revenue generated through the sales of various kinds of floor coverings:
Technavio Announces the Publication of its Research Report – Global Floor Covering Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Floor Covering Market: Armstrong World, Gerflour, Mannington Mills, Mohawk Industries and Shaw Industries
Other Prominent Vendors in the market are: Anderson Hardwood Floors, API, Autoneum, Balta Industries, Beauflor Vinyl Tiles, Beaulieu, Dixie, Forbo, Interface, International Automotive Components, Johnsonite, Kährs, Kaindl Flooring, Nature Home, Newpearl Ceramics, Nora, Oriental Weavers, RAK Ceramics, Panariagroup, TOLI, and V&B Fliesen.
Commenting on the report, an analyst from Technavio’s team said: “High demand for premium products in many developing countries has led to the increased availability of various types of floor covering options. Another emerging trend in the market is the growing popularity and affluence of interior design.”
According to the report, the global floor covering market is driven by several factors. One of the main drivers in this market is the rise in globalization, which has led to the easy and wider availability of different flooring products and designs. Globalization has also resulted in increased knowledge penetration, which has prompted the entry of many players into the market.
Further, the report states that high logistics cost borne by vendors because of the lack of proper infrastructure and poor distribution networks and facilities. This has had a negative impact on vendors, often leading to delayed supplies.
Armstrong World, Gerflour, Mannington Mills, Mohawk Industries, Shaw Industries, Anderson Hardwood Floors, API, Autoneum, Balta Industries, Beauflor Vinyl Tiles, Beaulieu, Dixie, Forbo, Interface, International Automotive Components, Johnsonite, Kährs, Kaindl Flooring, Nature Home, Newpearl Ceramics, Nora, Oriental Weavers, RAK Ceramics, Panariagroup, TOLI, V&B Fliesen.
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