Coherent Market Insights

Flooring Tool Market Was Valued at US$ 1,339.74 Mn in 2021

Flooring Tool Market Was Valued at US$ 1,339.74 Mn in 2021 - Coherent Market Insights

Publish In: Aug 18, 2022

Global Flooring Tool Market was valued at US$ 1,339.74 Million in 2021, according to the Global Flooring Tool Market Report, by Product type (Knee Pads, Floor Stripping Machines, Floor Sanders & Edger’s, Tile Saws, Wood & Laminate Cutters, Tile Cutters & Scoring Wheels, Floor Nailers & Staplers, and Others), by Application (Commercial, Residential, Industrial, and Others), by Distribution Channel (Mass Retail, E-commerce, Hardware, Industrial, and Paint Retail), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.  

Global flooring tool market was valued at US$ 1,339.74 Million in 2021and is expected to exhibit a CAGR of 4.45% over the forecast period (2022–2030). Asia Pacific region is expected to dominate the market over the forecast period and is projected to be the largest and fastest-growing region.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/flooring-tool-market-3327

Browse 50 market data tables* and 40 figures* on "Global Flooring Tool Market” - Forecast to 2030.

Key Trends and Analysis of the Global Flooring Tool Market:

  • Leading flooring tool manufacturers are focusing on developing new products and recent trends as per the need and demand of the market. Flooring tool market is highly competitive and strategic, in terms of engineering, new features, types of equipment, and cost-efficacy of products. The key players are launching new features in flooring tool kit products and acquiring new technologically advanced flooring tool kit products in the market to gain consumer attraction towards the products. Recently, the flooring tool market is witnessing a high demand for technologically advanced tile cutter products, which provides the effective ideal finishing and edge cutting at the time of floor installation.
  • For instance, in March 2019, Tilers Online based in Sydney, Australia and iQ Power Tools, a manufacturer of power tools with made in dust collection systems, entered into an agreement. Tilers Online is a supplier of tile, landscaping, and related building materials. Due to this agreement Tilers Online are selling iO Power Tools products online or in store.

Key Takeaways of the Global Flooring Tool Market:

  • Among distribution channel, mass retail segment dominated the global flooring tool market in 2021. Mass retail segment was followed by hardware and industrial segments, in terms of revenue share, respectively.
  • Among regions, Asia Pacific dominated the global flooring tool market in 2021, accounting for 35.8% market share in terms of revenue, followed by Europe
  • New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities are key strategies adopted by players in the global flooring tool market

 

Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports


Want to Buy a Report but have a Limited Budget?

We help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail


Logo

Credibility and Certifications

ESOMAR
DUNS Registered
Clutch
DMCA Protected

9001:2015

Credibility and Certifications

27001:2022

Credibility and Certifications

EXISTING CLIENTELE

Created billion dollars of revenue impact on thousands of clients

trusted clients logo
LogoCredibility and Certifications

Trusted Insights, Certified Excellence! Coherent Market Insights is a certified data advisory and business consulting firm recognized by global institutes.

Reliability and Reputation

860519526

Reliability and Reputation
Reliability and Reputation
Reliability and Reputation
ISO 9001:2015

9001:2015

ISO 27001:2022

27001:2022

© 2024 Coherent Market Insights Pvt Ltd. All Rights Reserved.