Report ID: SQMIG15F2079
Report ID:
SQMIG15F2079 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
94 |
Figures:
76
Europe leads the world market for industrial flooring in terms of geographic areas. Additionally, the area is well-positioned to quickly bounce back from the pandemic's negative economic effects. The predicted recovery in industrial manufacturing activity, which is forecast to considerably boost demand for industrial flooring solutions, may be partly blamed for this upswing. Additionally, similar to North America, Europe is home to a large number of factories, assembly lines, and processing facilities serving the pharmaceutical, food, and beverage, and automotive industries. Due to this geographic advantage, industrial flooring solutions will continue to be in high demand in the years to come.
In the meantime, the industrial flooring industry sees the fastest growth in the Asia-Pacific area during the following five years. China stands out in this dynamic environment, controlling more than half of the regional market share and steadily solidifying its influence both locally and globally. Industrial flooring solutions have steadily become more popular over time in all of the main Asian economies, with China at the forefront of this development. This expanding use of industrial flooring, especially in China, is a key element driving demand throughout the Asia-Pacific region.
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Report ID: SQMIG15F2079