Flooring Market Regional Analysis:
APAC Market Insights
Asia Pacific industry is anticipated to hold largest revenue share of 46% by 2035. The landscape's substantial growth in the region is expected to be credited to the surge in investments in residential housing along with the upgradation of construction equipment used in several infrastructures. According to a report in 2023, investments in residential construction would grow by 2.5 times, which is about 12 to 15% of APAC investments in total.
The Chinese government also contributes by appointing manufacturers to various projects worldwide. According to a report by the National Bureau of Statistics of China, more than 54 million rural migrant workers are assigned to work in the construction industry. The DIY option is also gaining popularity in this region, and therefore the market value is growing rapidly.
North America Market Insights
The North American region will also encounter a huge influence on the flooring market share during the forecast period, and will account for the second position attributed to the increasing population of this region.
According to a report in 2021, the United States is expected to boost its public infrastructure with a spending of about USD 2.1 trillion by 2024.
There has been an increase in the construction sector in Canada in residential and commercial real estate. According to a report in 2024, the industrial space in Canada increased by 4.3% in 2023, which is about 16 million sq. ft of new space.
