HARD SURFACE FLOORING MARKET ANALYSIS

Hard Surface Flooring MarketSize and Trends

Market Outlook

Global hard surface flooring market size is expected to expand significantly, exhibiting a CAGR of 3.25% during the forecast period (2019-2027). Increasing demand for residential remodeling from homeowners is expected to boost the demand for hard surface flooring and subsequently drive the market growth. Residential owners prefer hard surface flooring such as wooden surfaces or laminates over old, worn carpets, which is increasing the demand for hard surface flooring.  Increasing demand for homes and complexes increasing demand for hard surface flooring and subsequently driving the market growth. Furthermore, vinyl flooring has gained popularity, due to its aesthetic properties and changing customer preferences. Moreover, factors such as minimum maintenance and durability have accelerated the market growth. Furthermore, key companies are focusing on introducing new hard surface flooring to meet growing trends and demands. Growing demand for hard surface flooring in transportation sector is expected to propel the market growth during the forecast period.

Furthermore, increasing population and growing urbanization have shifted the population in urbanized areas, which poses an excellent opportunity for key players to enhance their revenue. Market Trends