(MENAFN- Ameliorate Digital Consultancy)
The global Modular Flooring Market size is projected to reach USD 85.91 Billion by 2029, from 51.9 Billion in 2022, at a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period.
Exactitude Consultancy with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. modular flooring market Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis. It also provides market information in terms of development and its capacities.
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Companies Profiled in Modular Flooring Market Report:
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.
Workplace segment to witness higher cagr during the forecast period.
Workplaces require special attention since busy workplace corridors need durable floors that can withstand heavy foot traffic and are easy to clean and maintain. The factors that need to be considered while choosing modular flooring for workplaces are aesthetics and functionality. Further, budget, traffic, design, and maintenance requirements play a significant role in installing the right flooring at the workplace. Suitable modular flooring for workplaces must be of commercial grade too.
The appropriate floors for workplaces can withstand the daily traffic and movements of chairs and other furniture. Another important thing to consider in the workplace is noise. Depending on the type of work, most workplaces require a quiet environment. A carpet is a suitable option for sound insulation; however, it might not be ideal for workplaces with heavy footfall as they can add to additional cleaning and maintenance. For such a situation, hard surface floors such as laminate or engineered wood and luxury vinyl tile can work if an underlayment is installed for noise reduction.
Considering workplace safety as a major aspect, anti-slip or slip resistance flooring is necessary. According to Consumer Product Safety Commission (CPSC), floors and flooring materials contribute directly to more than 2 million fall injuries a year. Trends such as fitting offices with adequate wayfinding and office zoning measures as per the government guidelines are critical for workplace safety. By embedding signage within the floor, employees have a clear, constant, and visual reminder of navigating the workplace. Modular flooring solutions such as carpet tiles and luxury vinyl tiles (LVT) products offer multiple varieties in terms of colors and patterns, which can be used independently and together
Influencing Factors:
Market Environment: Government Policies, Technological Changes, Market Risks. Modular Flooring Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
Modular Flooring Market Forecast:
Market Size Forecast: Global Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography. Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price.
Market Segmentation
By Type
Flexible LVT Rigid LVT Carpet Tile Polyolefin Rubber Ceramic
By End Use Industry
Workplace Education Healthcare Retail Household
Regional Outlook
Regions considered in the market are gauged on the basis of performance metrics which differ by economic growth, government support, and investment scenario. Ease of business index and other growth metrics which foster market growth are considered before estimating its value. Figures and statistics from reputed government organizations are included in the report for cementing its value.
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Pre-Post COVID-19 Impact on Global Modular Flooring Market
COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.
In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Modular Flooring Market, since end-user industries were still not operating at their full capacity.
Secondary Research:
This research study made extensive use of secondary sources, directories, and databases such as Hoover's, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global portable generator market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research:
Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.
Estimation of Market Size
The total size of the Modular Flooring Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:
Extensive secondary research was used to identify the industry's key players.
The revenues generated by the market's leading players in molecular diagnostics have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
Key Points From TOC:
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1 Global Statistics - Key Countries
4.2 New Product Launches
4.3 Pipeline Analysis
4.4 Regulatory Scenario - Key Countries
4.5 Recent Industry Developments - Partnerships, Mergers and Acquisitions
5. Global Modular Flooring Market Analysis, Insights and Forecast
5.1. Key Findings/ Summary
5.2. Market Analysis - By Product Type
5.3. Market Analysis - By Distribution Channel
5.4. Market Analysis - By Countries/Sub-regions
...............
11. Competitive Analysis
11.1. Key Industry Developments
11.2. Global Market Share Analysis
11.3. Competition Dashboard
11.4. Comparative Analysis - Major Players
12. Company Profiles
12.1 Overview
12.2 Products and Services
12.3 SWOT Analysis
12.4 Recent developments
12.5 Major Investments
12.6 Regional Market Size and Demand
13. Strategic Recommendations
TOC Continued...!
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