![Global Flooring Market](https://res.cloudinary.com/devmoveo/image/upload/v1684497623/skyquest/gallery/Global-Flooring-Market.jpg)
Report ID: SQMIG25F2037
Report ID:
SQMIG25F2037 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|
Tables:
66 |
Figures:
75
In 2022, Asia Pacific region dominated the market and accounted for 45.8% of the total revenue share. The regional market is expected to grow more at a CAGR of 5.7% over the forecast period. Factors such as increasing investment in affordable housing, smart city construction, upgradation & construction of infrastructure, and investment in the tourism sector are expected to boost the demand for flooring products over the forecast period. The construction industry in the Asia Pacific is expected to grow on account of the rising per capita income, rapid urbanization, and expanding population. The expansion of residential, commercial, and industrial sectors on account of sustainable economic growth in the region is expected to boost construction activities, thereby, driving the market for flooring over the forecast period.
North America is a significant market for flooring products, owing to the high disposable income of consumers and the demand for luxurious flooring products. These regions have a mature construction industry, and there is a growing trend towards sustainable and eco-friendly products, which is expected to drive the demand for flooring products.
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Report ID: SQMIG25F2037