DUBLIN--(BUSINESS WIRE)--Oct 5, 2022--
The "Flooring Market Share, Size, Trends By Product, By Application, By Region, Segment Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global flooring market size is expected to reach USD 411.56 Billion by 2030, according to a new study. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.
Companies Mentioned
The industry for the product is anticipated to increase because of the rising need for remodeling and renovation in both residential and commercial buildings. Renovation and remodeling techniques are popular alternatives nowadays for interior design and to alter the look and construction of buildings.
The demand for remodeling and renovation will increase in response to rising consumer spending on interior design. Because of their durable and economic qualities that keep structures updated, the usage of these goods for remodeling and renovation is growing. Consumption of these products will also increase as government spending increases on enhancing public parks, hospitals, schools, and transportation services.
For instance, as per the Australian Government, reoccurring spending on Australian hospitals was $66.4 billion in 2019-20. In 2019-20, 93 percent of public hospital expenses were paid for by the state, district, and Australian government funding.
Increased spending and ongoing R&D have resulted in the development of such materials with improved strength and durability. Additionally, the producers' ability to provide customers with a variety of customization options in terms of color, texture, and finishing has increased consumer demand for their products and boosted industry expansion.
Further, the rising urban population is driving an increase in commercial construction activities. New commercial construction initiatives, including those for office buildings, hospitals, lodging facilities, and shopping malls, are being driven by the expanding urban people. As consumers spend their difficult money on luxurious flooring treatments in elevated residential complexes, the flooring industry is expanding.
Rapid lifestyle change fuels fierce competition for items with customizable flooring. Market leaders are working to create new products that outperform current materials. Consider the use of cutting-edge methods to give LVT flooring a realistic appearance.
Flooring Market Report Highlights
The publisher has segmented the flooring market report based on product, application, and region:
Flooring, Product Outlook (Revenue - USD Billion, 2018 - 2030)
Flooring, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Flooring, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
For more information about this report visit https://www.researchandmarkets.com/r/usn1gb
View source version on businesswire.com:https://www.businesswire.com/news/home/20221005005668/en/
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KEYWORD:
INDUSTRY KEYWORD: HOME GOODS ARCHITECTURE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY INTERIOR DESIGN RETAIL RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/05/2022 12:37 PM/DISC: 10/05/2022 12:37 PM
http://www.businesswire.com/news/home/20221005005668/en