Global Luxury Flooring Market Overview:
Luxury Flooring are same as the conventional floorings with comparatively better quality of flooring with wide range of sizes, shapes, qualities, materials as well as patterns. These type of flooring are mainly used in the healthcare applications as well as high level schools where the mat finished as well as anti-slippery floorings. With the increasing disposable incomes as well as with continues developments in construction industry the global flooring market will show significant growth in the upcoming years.
- Increasing Prevalence of Construction Industry across the Globe
- Lower Maintenance Costs for Luxury Floorings
- Introduction to Vinyl Flooring mainly in Health Care and Educational Infrastructures
- Adoption of Waterproof and Mat Finished Floorings
- Comparatively High Cost for Luxury Floorings than Conventional Floorings
- Availability of Wide Range of Sizes, Colors, Patterns and Textures
- Reduced Risk of Injuries on Luxury Vinyl Floorings
- Stringent Government Prohibitions on Construction Projects
- Increasing Labor Cost will maximize the Overall Operational Overheads
Some of the key players profiled in the report are Armstrong World Industries (United States), Bruce Flooring (United States), Balterio Laminate Flooring (Belgium), Beaulieu International Group (Belgium), Berryalloc (Belgium), Classen Group (Germany), Formica Corporation (United States), Faus (United States), Kronoflooring (Germany) and Kaindl Flooring (Austria). Additionally, following companies can also be profiled that are part of our coverage like Mohawk Industries (United States), Shaw Industries (United States) and Greenply Industries (India). Analyst at AMA Research see European, United States Manufacturers to retain maximum share of Global Luxury Flooring market by 2025. Considering Market by End Use, the sub-segment i.e. Household will boost the Luxury Flooring market.
Latest Market Insights:
On July 04th, 2018, B.I.G. has acquired two globally leading flooring companies Beaulieu Canada and Beaulieu Australia, which will create new opportunities for future product developments. Both the acquired companies are flooring manufacturers with well-established positions in their respective local markets. They were having a combined turnover of more than €150 million.
On December 7th, 2018, Armstrong World Industries, Inc. has announced the conditional clearance by the European Commission of the Company’s previously announced sale of certain subsidiaries comprising its EMEA and Pacific Rim businesses, including the businesses of the WAVE joint venture in EMEA and the Pacific Rim, as well as Armstrong France and WAVE France, to Knauf International GmbH.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Luxury Flooring market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Luxury Flooring market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Luxury Flooring Manufacturers, Luxury Flooring Distributors and Traders, Construction Organizations, Educational and Healthcare Institutes, Government Agencies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.