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LONDON–(BUSINESS WIRE) – The global market size for non-resilient flooring is poised to grow by 1,240.00 million m2 during 2020-2024, progressing at a CAGR of more than 2% over the forecast period, according to the latest report from Technavio. The report provides an up-to-date analysis on the current market scenario, the latest trends and factors, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a free sample of COVID-19 Crisis Analysis and Recovery REPORT.
The non-resilient flooring market is driven by the rapid growth of residential construction. Emerging economies such as China, India, and Southeast Asian countries in APAC have seen strong construction activity in recent years. In India, the implementation of the RERA in 2017 has boosted investments in the residential sector. Furthermore, the Indian government’s significant budget allocations for smart city development will increase the demand for non-resilient flooring during the forecast period. Southeast Asian countries such as Singapore, Malaysia, Indonesia, the Philippines, Thailand and Vietnam, including Hong Kong, also posted strong residential construction activity. Construction activity also expanded at a moderate pace in developed economies, including the US and Western Europe.
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Report highlights:
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The largest growth in the non-resilient flooring market came from the ceramic segment in 2019 and is expected to witness the fastest growth over the next five years.
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APAC was the largest non-resilient flooring market in 2019, and the region will offer several growth opportunities to market providers during the forecast period. This is attributed to the increase in construction activities in the countries.
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The global market for non-resilient soils is fragmented. Armstrong Flooring Inc., Crossville Inc., Forbo Holding AG, Gerflor Group, Milliken & Co., Mohawk Industries Inc., PORCELANOSA Grupo AIE, RAK Ceramics PJSC, Shaw Industries Group Inc. and Tarkett Group. they are some of the main market participants. To help clients improve their market position, this Non-Resilient Flooring Market Forecast Report provides a detailed analysis of the market leaders.
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As the business impact of COVID-19 spreads, the Global Non-Resilient Soil Market 2020-2024 It is expected to have negative growth. As the pandemic spreads in some regions and stabilizes in other regions, we reassess the impact on businesses and update our report forecasts.
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The increasing popularity of hardwood flooring will be a key market trend
Engineered wood flooring products are becoming very popular, especially in the US, Western Europe, and other developed markets, as they have several benefits over solid wood flooring. Engineered hardwood is produced by incorporating a thin layer of natural wood over a dimensionally stable plywood base and requires less wood during production. The plywood base in hardwood floors offers greater resistance to moisture compared to solid wood floors, while providing innate properties of wood, such as thermal insulation. Rapid advancements in flooring printing technology have enabled vendors such as Mohawk Industries and Mannington Mills to offer engineered wood flooring products in a wide range of designs. Therefore, the growth of engineered wood flooring is expected to drive the demand for hardwood flooring, which bodes well for the global non-resilient flooring market during the forecast period.
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Non-Resilient Flooring Market 2020-2024: Key Highlights
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Market CAGR During Forecast Period 2020-2024
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Detailed information on the factors that will help the non-resilient flooring market grow over the next five years
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Estimation of the size of the non-resilient flooring market and its contribution to the parent market
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Predictions about upcoming trends and changes in consumer behavior.
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The growth of the non-resilient soil market
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Analysis of the competitive market landscape and detailed information on suppliers
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Full details of the factors that will challenge the growth of non-resilient flooring market vendors
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Executive Summary
Market overview
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Market ecosystem
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Analysis of the value chain
Market sizing
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Market segment analysis
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Market size 2019
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Market Outlook: Forecast for 2019-2024
Analysis of the five forces
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Five Forces Summary
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The bargaining power of buyers
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The power of provider’s negociation
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Threat of new entrants
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Threat of substitutes
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Threat of rivalry
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Market condition
Market Segmentation by Product by Volume
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Market segments
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Comparison by product by volume
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Ceramics – Market size and forecast 2019-2024
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Wood and Laminate: Market Size and Forecast 2019-2024
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Others – Market size and forecast 2019-2024
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Market opportunity by product by volume
Customer overview
Geographic landscape
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Geographical segmentation
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Geographic comparison
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APAC – Market size and forecast 2019-2024
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Europe – Market size and forecast 2019-2024
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North America: Market Size and Forecast 2019-2024
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South America – Market size and forecast 2019-2024
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MEA – Market size and forecast 2019-2024
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Key leading countries
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Market opportunity by geography
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Market indicators
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Market challenges
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Market trends
Vendor Landscape
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Overview
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Landscape disruption
Supplier analysis
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Providers covered
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Positioning of suppliers in the market
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Armstrong Flooring Inc.
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Crossville Inc.
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Forbo Holding AG
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Gerflor Group
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Milliken & Co.
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Mohawk Industries Inc.
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PORCELANOSA AIE Group
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RAK PJSC ceramic
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Shaw Industries Group Inc.
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Tarkett Group
Appendix
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Scope of the report
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Currency conversion rates per US $
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Research methodology
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List of abbreviations
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