Flooring Market
New Construction Projects Ensure Expansion of Residential Sector
By application , commercial , residential , industrial , and automotive sectors are some prominent segments of the global flooring market . Of these , the residential sector emerged as the dominant segment in the global flooring market in 2014 . The rise in construction activities including construction of new buildings , especially in the emerging economies is responsible for the growth of this end user vertical .
The commercial and industrial applications are also slated for growth over the forecast period thanks to the increasing need for flooring materials in replacement flooring and new projects . The postponing of replacement of flooring in the commercial sector during the economic downturn during 2008 has been a prominent driver of the flooring market in the commercial sector .
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By product , the global flooring market has been segmented into vinyl and rubber flooring , tile , wood flooring , carpets and rugs , and laminate flooring . Wood flooring is available in a range of flooring materials including bamboo , maple , oak , teak , alder , cherry , and white ash . Until recently , wood flooring was the most used flooring material . However , the emergence of newer materials such as resilient , laminate , and rubber has diverted the demand towards these cost-efficient solutions .
During 2014 , the carpets and rugs segment held the largest share in the global flooring market . These flooring materials are being increasingly deployed in colder regions of the world owing to the warmth they provide . Tile flooring is expected to be the second largest segment . Tile flooring in used in floor fittings , wall fittings , designing , and for protection from natural elements such as moisture and rain . The growth of infrastructure in the developing and developed countries has been responsible for the increasing demand for tile flooring .
Armstrong World Industries , Inc ., Shaw Industries Group , Inc ., Boral Limited , Mohawk Industries , Inc ., Mannington Mills , Inc ., and Tarkett Group are some of the leading players analyzed in the report .
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