Global Flooring Market to Reach $450 Billion by 2026

Albany, N.Y. -- The global flooring market is predicted to see a steady growth, estimated to reach 32,450 million sq m by 2026. In terms of value, the market is predicted to rise to $450 billion with a 6.5% compound annual growth rate, according to a recent report from Transparency Market Research.

Prominent players are expected to make substantial investments in the research and development of innovative products in order to gain a footing in the international market. Vendors are increasingly adopting offline as well as online marketing strategies, and ensuring that clients are made aware of their product and its quality, to fortify their presence in the market.