The global flooring market size is projected to reach USD 515.71 billion by 2026, exhibiting a CAGR of 4.8% during the forecast period. Rising global focus on affordable housing will be a major growth factor for this market. According to UN HABITAT, approximately 13% of the world’s urban areas have affordable housing. This indicates that an extremely low number of people in cities across nations have are living in regulated housing societies. As a result, governments around the world, especially in developing countries, are ramping up their investment in the housing sector to ensure that every person in the country has a proper home. This is emerging as one of the leading flooring market trends as government-backed building activities will create a huge demand for flooring solutions and thus accelerate the growth of this market in the forthcoming years.

The report states that the Flooring market value stood at USD 355.17 billion in 2018. The other highlights of the report include:

Thorough research into the factors driving the market growth;
In-depth study of the factors restraining the market;
Comprehensive assessment of the market segments; and
Careful analysis of the regional developments and competitive dynamics of the market.
Market Driver: Flooring Market

Growing Preference for Vinyl Flooring to Fuel the Flooring Market

Vinyl flooring solutions are becoming increasingly among homeowners as well as commercial occupants, which is fueling this market growth. This rising preference is attributable to host of benefits that vinyl tiles and other flooring options offer. For example, in commercial spaces, vinyl tiling provides a durable and reliable flooring solution as these spaces have heavy foot traffic throughout the day.

Browse Summary of This Research Report with Detailed Table of Content: https://www.fortunebusinessinsights.com/flooring-market-102740

List of Key Companies Covered in Flooring Market Report are:

Engineered Floors
Kajaria Ceramics
Invista
LG Hausys
Balta Industries
Victoria PLC
James Halstead
Congoleum
Toli Corporation
Interface
Forbo
Milliken & Company
Beaulieu International
Armstrong Flooring
Shaw Industries Group, Inc.
Launch of Sustainable Products to Excite Market Competition

The flooring market forecast suggests that the market is slated to enter a period of widespread excitement as many of the leading players are frequently introducing environment-friendly flooring solutions for customers. Through these launches, companies are solidifying their position in the market and diversifying their offerings.