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Flooring Market Demand Is Projected To Reach 240.10 Billion Square Feet By 2020 Business Articles | July 11, 2016
New Market Research Reports Title “Flooring Market Analysis Size and Segment Forecasts to 2020” Has Been Added to Grand View Research Report Database
The Global Flooring Market?is expected to reach USD 326.38 billion by 2020, according to a new study by Grand View Research, Inc. 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.
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The market is characterized by changing customer preferences Authentic Tarik Cohen Jersey , 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.
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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 Authentic Jordan Howard Jersey , easy installation