Persistence Market Research Released New Market Report on “Commercial Flooring Market
- Current Trends, Competition & Companies involved (2016 - 2022)”.
Floorings are an essential part of any household or commercial structure. Along with this,
flooring are increasingly gaining prominence in other applications which includes automobile,
aviation and aerospace. The floor covering industry is being filled by new technological
developments and fashionable trends. Over the past few years, end-users have been shifting
from conventional flooring solutions to more cost effective and eco-friendly flooring materials
which include glass, bamboo, linoleum, polyester and reclaimed hardwood. It has been noticed
that, installation of new and innovative products in commercial and residential space with
stressed out techniques has significantly driven the commercial flooring market all over the
world in the past few years. Higher consciousness about the environment has fostered the
demand for eco-friendly products which include hardwood, bamboo, rubber, etc. The global
commercial flooring market has showcased substantial growth over the past few years and is
likely to expand at a substantial CAGR over the period 2016-2022.
Revival of construction industry in developed regions especially in North America and Europe is
anticipated be one of the major growth drivers of the global commercial flooring market in future.
However, rising consumer expenditure on house interiors, offices and hotels is anticipated to
bolster the growth of global commercial flooring market from 2016 to 2022. Apart from this, it
has been noticed that various automobile...