Flooring Market
2023 . In addition , the rising number of replacement , remodeling , and repair activities are anticipated to contribute extensively towards the development of this segment throughout the forecast period , says a TMR analyst .
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Robust Urbanization to Generate Promising Opportunities for Market Players The high rate of urbanization and the developing construction industry worldwide are some of the key factors projected to fuel the global flooring market in the forecast period . A substantial contribution from residential and commercial sectors are supplementing the growth of the overall market . In addition , the rising productivity of the automotive industry and the flourishing shipbuilding industry are some of the other factors driving the demand for flooring materials across the globe .
Furthermore , the rising focus on home décor and the improving lifestyle of consumers are estimated to indirectly augment the global flooring market in the coming years . Moreover , the rising disposable income of consumers , especially in developing nations , is likely to encourage the growth of the market .
Rising Raw Material Prices to Curtail Growth of Global Flooring Market Flooring waste disposal and the rising raw material and transportation prices are estimated to restrict the growth of the global flooring market in the next few years , the lead analyst points out . Additionally , the rising competition among key players is likely to act as a key challenge to the growth of the overall market . Nevertheless , the rising demand for recycled flooring materials , the use of different materials for flooring , and the growing investments in high-rise buildings are anticipated to offer several lucrative opportunities for market players .
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TABLE OF CONTENT
Chapter 1 Preface 1.1 Report Description
1.2 Market Segmentation
Transparency Market Research
3