Innovations4Flooring (I4F) has released the main findings of its Global Flooring Industry Pulse Survey.
"The most significant revelation was that 76% of global players surveyed do not believe the current patent industry enables continued growth in the flooring industry," said an I4F representative.
Overall, the lack of transparency on what current patent fees actually cover emerged as a key concern with only a third of responders fully understanding which patents they are paying for. Industry players also felt more focus is required on consumer needs in terms of ease of installation, facilitating new product development and design opportunities.
Sixty-nine percent of those surveyed were at chairman, CEO and managing director level, covering all types of flooring manufacturing worldwide and representing over 60% of the global hard flooring market, according to the company.