Global Flooring Market
Global Flooring Market size was worth over USD 270 billion in 2016 and will surpass 340 billion sq. feet by 2024.
Potential outlook in residential, healthcare, sports, hospitability and transportation applications will drive the flooring market growth. Increasing construction spending particularly in industrial and commercial sector will propel the industry growth. Global construction spending is expected to reach USD 15.88 trillion by 2024.
Growth in construction industry particularly in APAC has enhanced the product penetration. APAC is anticipated to account for 46% of the global construction industry by 2020.
Necessity for floor protection particularly in industrial and commercial buildings will support the industry growth. Improved comfort, water resistance, durability of floors and ease of cleaning are the key factors driving the product demand. Increasing demand for renovation & repair of deficient buildings will positively influence product demand.
China Flooring Market:
