Flooring Market Demand Is Expected To Reach 240.10 Billion Square Feet By 2020: Grand View Research, Inc.

San Francisco, California (PRWEB) October 30, 2014

The global flooring market is expected to reach USD 326.38 billion by 2020, according to a new study by Grand View Research, Inc. Growing focus on innovative flooring that is durable in nature is expected to drive market growth through the forecast period. Increased insulation demand is also expected to give impetus to the market over the next six years.

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The market is characterized by changing customer preferences, with considerable rise in home improvement and renovation projects. Development of hassle-free installation techniques and coupled with growing demand for environmentally sustainable products is also expected to contribute to industry growth. Environmental and health-related concerns regarding various flooring solutions may pose a challenge to industry participants.

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Further key findings from the study suggest:

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For the purpose of this study, Grand View Research has segmented the global flooring market on the basis of product, application and region:

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Flooring Market Demand Is Expected To Reach 240.10 Billion Square Feet By 2020: Grand View Research, Inc.