PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1490043
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1490043
Global industrial flooring market is estimated to be valued at USD 9.51 Bn in 2024 and is expected to reach USD 13.84 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 9.51 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 5.50% | 2031 Value Projection: | US$ 13.84 Bn |
Global industrial flooring market has been witnessing significant growth in the recent years due to rapid industrialization across major economies. Industrial floorings play a vital role in industrial settings by providing protection, durability, slip-resistance and other functionalities required for various industrial processes. These help in enhancing productivity, equipment protection, safety and aesthetics of industrial facilities. Moreover, growing awareness about workplace safety and hygiene boosts demand for specialized industrial flooring solutions. Various types of floorings including epoxy, polyurethane, rubber, tiles and others are being increasingly used across diverse industries such as automotive, food & beverage, chemicals and healthcare among others. Rapid expansion of end-use industries coupled with rising infrastructure development projects is expected to drive the industrial flooring market growth during the forecast period.
Growing industrialization and infrastructure development activities in emerging economies are expected to drive the global industrial flooring market growth. Rapid establishment of manufacturing facilities, warehouses and other commercial buildings has boosted demand for durable and functional flooring materials. The stringent government regulations regarding workplace safety and hygiene standards compel industrial end users to adopt specialized flooring solutions. However, high initial installation and material costs associated with industrial floorings can hamper its widespread adoption, especially in price-sensitive developing markets. Ongoing research & development in high-performance flooring technologies is expected to offer new opportunities for market players. Development of innovative, eco-friendly and cost-effective flooring products can drive the market growth in the near future.
Key Features of the Study:
Detailed Segmentation-