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Commercial Flooring Market Report 2022-2027: Industry Growth, Size, Share and Trends 

The global commercial flooring market size reached US$ 68.22 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 90.12 Billion by 2027 exhibiting a growth rate (CAGR) of 4.60% during 2022-2027.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Commercial flooring is devised to provide high strength and durability to withstand the wear and tear caused by heavy objects, such as furniture and business equipment, in commercial spaces. It is available in several types, including soft coverings, seamless, resilient, non-resilient, wood, laminates, etc. Commercial flooring is resistant to moisture, rotting, and bubbling, which makes it last long with little maintenance. As a result, this process finds widespread applications across various sectors, such as healthcare, retail, education, hospitality, leisure, etc.

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Commercial Flooring Market Trends and Drivers: 

The launch of several policies by the government bodies to invest in infrastructure development, especially in non-private structures and the expanding construction industry, owing to the changing lifestyles of individuals and the inflating per capita income, are primarily driving the commercial flooring market.

Besides this, the emerging trend of green buildings, which reduce consumption of energy and improve indoor air quality, is further augmenting the market growth. Moreover, the escalating demand for lightweight and comfortable floor covers, including fired tiles, wood, and rugs that emit limited volatile organic compounds (VOCs) and various product innovations that minimize hassle during installation are also catalyzing the global market.

Apart from this, the growing popularity of online services, advanced catalogs, and virtual assistants is acting as another significant growth-inducing factor. Furthermore, the rising awareness towards cost-effective and eco-friendly materials, such as bamboo, linoleum, polyester, glass, and reclaimed hardwood, is expected to bolster the commercial flooring market in the coming years.

The report has been segmented the market into following categories:

Breakup by Product:

  • Soft Coverings
  • Resilient Flooring
  • Non-resilient Flooring
  • Seamless Flooring
  • Wood and Laminates

Breakup by Application:

  • Commercial Buildings
  • Healthcare
  • Education
  • Leisure and Hospitality
  • Retail
  • Public Buildings

By Geography:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Click here to view detailed information with table of content: https://www.imarcgroup.com/commercial-flooring-market

List of Major Key Players:

The major players in the market are

  • Armstrong Flooring Inc.
  • Forbo Holding AG
  • Gerflor
  • Interface Inc.
  • IVC Group (Mohawk Industries Inc.)
  • James Halstead PLC
  • LX Hausys
  • Mannington Mills Inc.
  • Milliken & Company
  • NOX Corporation
  • RPM International Inc.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

 About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Kate

Kate Johnson is a content writer, who has worked for various websites. She is also a college graduate who has a B.A in Journalism.

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