Modular flooring use floor titles which can be built upon one another in simple way, resting directly on the pre-existing surface without the use of glues or anchors. These floor titles are easily removable and swappable for other applications, such as vinyl flooring, raised floor system, modular carpet, etc. These titles are offered by market players flexible LVT, rigid LVT, carpet tile, polyolefin (non-vinyl), rubber, and ceramic form.
MARKET DYNAMICS
The modular flooring market is experiencing significant growth owing to the growing construction sector across the globe especially in APAC. However, fluctuating prices of raw material can hamper the growth of modular flooring market. Meanwhile, increasing home and commercial renovation activities across the globe is expected to flourish the modular flooring market.
MARKET SCOPE
The "Modular Flooring Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction with a special focus on the global market trend analysis. The report aims to provide an overview of modular flooring market with detailed market segmentation by type, end use, and geography. The global modular flooring market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading modular flooring market players and offers key trends and opportunities in the modular flooring market.
MARKET SEGMENTATION
The global modular flooring market is segmented on the basis of type and end use. Based on type, the market is segmented into flexible LVT, rigid LVT, carpet tile, polyolefin (non-vinyl), rubber, ceramic, and others. On the basis of end use, the market is segmented as workplace, healthcare, education, retail, household, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global modular flooring market based on various segments. It also provides market size and forecast estimates from year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The modular flooring market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting modular flooring market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porters five forces analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the modular flooring market in these regions.
IMPACT OF COVID-19 ON MODULAR FLOORING MARKET
In 2020, the COVID-19 pandemic created a large-scale negative impact on economies across the globe, leading to many challenges, including the modular flooring market. This can be observed that the demand and supply were majorly affected due to low production. Further, the construction industry was negatively impacted due to the lockdown, labor shortage, and lack of demand from end users. The supply chain was also affected, which created a halt in the manufacturing of modular flooring across the globe. However, growing demand for housing among the masses in developed and developing nations has boosted the construction of new houses from 2021.
MARKET PLAYERS
The reports cover key developments in the modular flooring market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from modular flooring market are anticipated to lucrative growth opportunities in the future with the rising demand for modular flooring market. Below mentioned is the list of few companies engaged in the modular flooring market.
The report also includes the profiles of key modular flooring market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Mohawk Industries
- Shaw Industries Group, Inc.,
- Rubber Flooring Inc.
- Versare Solutions, LLC
- Mateflex
- Interface, Inc.
- RK Rose+Krieger GmbH System
- Swisstrax
- PORTAFLOOR
- Duratrac Flooring, LTD