Global Flooring Market to Reach Approximately $450 Billion by 2026

Albany, N.Y. -- The global flooring market is anticipated to see steady growth in the coming years, according to a report by Transparency Market Research (TMR). Leading vendors in the market are expected to make hefty investment towards the research and development of an innovative product portfolio. Players are seen using both organic and inorganic marketing strategies to fortify their presence in the competition. Recently, Gerflor's technical R&D team introduced a technology called 'In-registered embossing' which makes use of a press embossing process and is considered to be more precise than the current cylinder systems.

Several types of flooring options are currently offered by the vendors in the market. This fosters intense rivalry among players in the flooring industry. Across the globe, the industrial, commercial, and residential sectors demand innovation in flooring designs and patterns. This is expected to offer rich opportunities to vendors in the global flooring market.