Pune, India, June 13, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, that worldwide modular flooring market share which stood at a valuation of USD 54.60 in 2021, is expected to project a healthy growth rate of 5.8% through 2028 and touch a valuation of USD 81.20 billion by the end of the forecast timeframe.
The research document elaborates on the growth drivers and opportunities that will influence the revenue prospect over the forecast period. It also underlines certain challenges that may hinder market remuneration during the analysis period while offering relevant solutions to mitigate their impact.
Proceeding further, the document provides a detailed overview of various segmentations of this industry vertical by individually assessing current growth statistics and performance potential of each sub-market. It also divulges pivotal information regarding prominent players in the market.
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Increasing consumer focus on remodeling and renovation activities, rising disposable income, and surge in the funding towards the development of construction industry are the major factors driving market growth.
Notably, modular flooring can be placed directly over an existing surface without the need of a gluing agent. These flooring tiles are extremely convenient to remove and replace and can further be utilized in modular carpets, raised flooring platforms, and vinyl flooring systems among others.
Besides, rising product demand, in congruence with growth of the organized retail sector in emerging economies are likely to pave the path for an increased revenue margin in the forthcoming years.
However, fluctuating raw material prices may impede the growth dynamics of the industry during the analysis timeframe.
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Regional overview: -
Asia Pacific currently boasts of the largest industry share and will continue progressing at a robust rate over the forecast duration, creditable to surging demand for modular flooring solutions in nations such as China, India, Indonesia, Vietnam, Japan, Thailand, Australia, and South Korea.
Meanwhile, Europe market is slated to oversee a sturdy growth during 2022-2028, owing to escalating construction activities, and rising disposable income among masses.
Competitive scenario summary: -
Milliken & Company, Mohawk Industries, Inc., TOLI Corporation, Gerflor Group S.A.S, Tarkett S.A., Shaw Industries Group, Inc., Mannington Mills, Inc., Forbo Holding AG, Beaulieu International Group N.V., and Armstrong Flooring are among the major contenders impacting global modular flooring industry trends.
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Global Modular Flooring Market by Product Type (Value, USD Billion, 2018-2028)
- Ceramic
- Rubber
- Carpet Tile
- Rigid LVT
- Polyolefin (Non-vinyl)
- Flexible LVT
- Others
Global Modular Flooring Market by End Users (Value, USD Billion, 2018-2028)
- Retail
- Healthcare
- Education
- Household
- Workplace
- Others
Global Modular Flooring Market by Region (Value, USD Billion, 2018-2028)
North America
- Canada
- United States
Europe
- Italy
- United Kingdom
- France
- Germany
- Spain
- RoE
Asia Pacific
- India
- China
- Japan
- Australia
- South Korea
- RoAPAC
Latin America
- Mexico
- Brazil
Rest of the World
Global Modular Flooring Market, Company Profiles (Value, USD Billion, 2018-2028)
- Milliken & Company
- Mohawk Industries, Inc.
- TOLI Corporation
- Gerflor Group S.A.S
- Tarkett S.A.
- Shaw Industries Group, Inc.
- Mannington Mills, Inc.
- Forbo Holding AG
- Beaulieu International Group N.V.
- Armstrong Flooring
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Global Modular Flooring Market, by Region, 2020-2028 (USD Billion)
1.2.2. Global Modular Flooring Market, by Product Type, 2020-2028 (USD Billion)
1.2.3. Global Modular Flooring Market, by End Users, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Modular Flooring Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Modular Flooring Market Dynamics
3.1. Modular Flooring Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Increasing renovation and remodeling activities
3.1.1.2. Rising interest of consumers toward interior decoration
3.1.2. Market Challenges
3.1.2.1. Volatile raw material prices
3.1.2.2. Rising environmental concerns
3.1.3. Market Opportunities
3.1.3.1. Increasing demand from emerging economies
3.1.3.2. Growth of the organized retail sector
Chapter 4. Global Modular Flooring Market Industry Analysis
4.1. Porter's 5 Force Model
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Modular Flooring Market, by Product Type
6.1. Market Snapshot
6.2. Global Modular Flooring Market by Product Type, Performance - Potential Analysis
6.3. Global Modular Flooring Market Estimates & Forecasts by Product Type 2018-2028 (USD Billion)
6.4. Modular Flooring Market, Sub Segment Analysis
6.4.1. Flexible LVT
6.4.2. Rigid LVT
6.4.3. Carpet Tile
6.4.4. Polyolefin (Non-vinyl)
6.4.5. Rubber
6.4.6. Ceramic
6.4.7. Others
Chapter 7. Global Modular Flooring Market, by End Users
7.1. Market Snapshot
7.2. Global Modular Flooring Market by End Users, Performance - Potential Analysis
7.3. Global Modular Flooring Market Estimates & Forecasts by End Users 2018-2028 (USD Billion)
7.4. Modular Flooring Market, Sub Segment Analysis
7.4.1. Workplace
7.4.2. Healthcare
7.4.3. Education
7.4.4. Retail
7.4.5. Household
7.4.6. Others
Chapter 8. Global Modular Flooring Market, Regional Analysis
Related Report:
Concrete Floor Coatings Market Size, Regional Outlook, Application Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
The concrete floor coatings market is projected to exhibit significant growth by 2027 owing to escalating product demand in varied industries. Additionally, increasing number of construction projects across key regions is expected to further fuel market demand over the forecast period. Following the COVID-19 outbreak, government-imposed lockdowns pushed people to stay indoors, which has substantially bolstered the demand for home renovations during the pandemic. Moreover, new homeowners have been investing more into renovations and repairs through this period driven by their increased spending capacity. Subsequently, increasing utilization of concrete floor coatings has propelled industry expansion across the globe. In the regional landscape, the Middle East & Africa concrete floor coatings market is anticipated to grow at a CAGR of approximately 5.5% over the forecast period. Notable growth of the domestic construction sector is expected to propel regional market expansion over the forthcoming years.
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