The increase in renovation and remodeling activities to improve the interior appearance is another major factor that is expected to contribute to the growth of the target market.
NEW YORK, NEW YORK, USA, March 25, 2022 /EINPresswire.com/ — The global non-resilient flooring market is expected to reach USD 330.47 billion by 2027, according to a new report from Reports and Data. Non-resilient soil is durable, non-elastic and water resistant. Similar to durable flooring, non-resilient flooring is expensive, but much cheaper and easier to maintain. There is also a range of textures, colors and patterns which remain a widely demanded market choice for residential and commercial buildings. Most facilities use non-resilient flooring because their effectiveness, beauty and value remain constant. Raw material costs have significantly affected the industry.
Upgrading nations across the globe have focused on increasing investment in the construction industry as well as improving infrastructure, thereby increasing the potential of the flooring market. The dramatic market growth in the Asia-Pacific region is affected by rapid urbanization and industrialization.
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Major participants include Ceramic Saloni, China Ceramics, Crossville Inc., Dal Tiles, Kajaria Ceramics, Mannington Mills Inc., Mohawk Industries Inc., Shaw Industries Inc., Porcelanosa Group, and RAK Ceramic, among others.
Other key findings from the report suggest
In North America, the residential segment accounted for 56.7% of revenue share in 2019 and is expected to grow from USD 29.55 billion in 2019 to USD 40.62 billion. This may be due to their increasing use in residential settings in the region.
The development of the country’s government has promoted and invested in infrastructure development and creative IT construction, SEZs, parks, etc. This resulted in the upgrade of commercial flooring at 4.3% CAGR and it continues to increase with emphasis on urbanization and industrialization.
The ceramic tile segment due to various advantages is expected to increase in the coming years. Ceramic tiles with a variety of prints and patterns are available in a wide selection. These tiles can be used as wall tiles, flooring, and longer service life; they often need limited maintenance.
The growing need for eco-friendly products aims to generate new opportunities for industry growth due to the increasing health and environmental issues associated with many flooring solutions. Technological developments such as the increasing use of VR technology to create end products are expected to see strong growth over the forecast period.
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For the purposes of this report, the reports and data have segmented the global non-resilient flooring market on the basis of product, application, distribution channel and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Retailer distribution channel
Wholesaler and Distributor Trade Trend
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Key Benefits of Purchasing Global Non-Resilient Flooring Report:
Complete analysis of the changing competitive landscape
Assistance with business decision-making processes as well as detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the global non-resilient flooring market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends and opportunities
Comprehensive Regional Analysis of the Global Non-Resilient Flooring Market
In-depth profiling of key business stakeholders
Detailed analysis of factors influencing the growth of the global non-resilient flooring market
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