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FLOORING TOOL MARKET ANALYSIS

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FLOORING TOOL MARKET ANALYSIS

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker     Flooring Tool Market – Insights  Flooring tool are used for flooring installation, which include carpet stretchers,             floor sanders, carpet cleaners, floor scraping machines, and others. The           renovation and remodeling activities are booming, as a result of the shift in         focus of customers towards home décor. Rising trend of spending on interior           and styling of living spaces amongst the consumers is leading to increasing             expenditures on home furnishing such as floor coverings, which would add to           the aesthetic appeal of the interiors. This shift is supported by rising consumer             income levels, changes in lifestyles, and adoption of different cultures, in terms           of interior decor, which has further resulted in rising interest of consumers in             the interior decoration of their houses and workspaces.                                                                                                                             

  2. Moreover, under the principals of eco-innovation strategy, companies focus on           selection of good materials for designing of flooring tools and creation of new           formulations based on materials, which are safe for people and the         environment. Under this strategy, the companies also focus on using resources           by optimizing and reducing consumption of water, energy, raw materials, and         avoid waste. The well-being and health of human beings during usage and           maintenance of flooring tools is also ensured.                                                                                  Cutting wet tiles using tile cutter is the most common method used in the tile               industry. However, most of the tile installers that use wet tile cutter are facing             challenges such as location to setup the electric tile cutter, water source for wet             cutting, and consumes more time for cutting. Therefore, factors such as           improper disposal of contaminated and slurry water, setup time, and high cost         are the restraining factors of wet tile cutter that are expected to hamper growth               of the flooring tools market over the forecast period.                                                                                            The global ​flooring tool market was valued at US$ 1,175.7 Mn in 2018, and is             expected to exhibit a CAGR of 4.4%, in terms of revenue, over the forecast               period (2019-2027), to reach US$ 1,731.2 Mn by 2027.                                  Among regions, Asia Pacific accounted for the largest revenue share of 35.8%         in the global flooring tool market in 2018. Moreover, Asia Pacific is expected to               record fastest growth in terms of revenue and is expected to exhibit a CAGR of             5.5% during the forecast period (2019-2027), owing to growth of the           construction sector in the region.                                                                           

  3. Figure 1. Global Flooring Tool Market Share (%), By Region, 2018    Source: Coherent Market Insights, 2018-19  In 2018, Europe accounted for the second largest revenue share in the global             flooring tools market. Europe flooring tool market is expected to witness         significant growth over the forecast period, owing to rapid expansion of real           estate sector, which comprises construction of residential buildings and         increasing remodeling and renovation activities. For instance, in 2018, the       Government of Germany announced its plan of constructing around 1.5 million           housing units by 2021.                                                                                Furthermore, growing commercial sector, increasing disposable income,       changing trends in home furnishing, and lifestyle are the factors that are           expected to fuel demand for construction activities, which is further expected to           drive growth of the flooring tools market in Europe over the forecast period.                                      Among channel, mass retail segment accounted for the largest revenue share in           the global flooring tool market in 2018. Whereas, e-commerce segment is             expected to witness CAGR of 5.4% during 2019 to 2027. E-commerce segment             offers options such as free shipping, home delivery, on-time delivery, and easy             exchange and return in addition to discounts, which are expected to drive             growth of the segment. Variety of flooring tools are available online at             reasonable prices. Customers mostly prefer purchasing through e-commerce                                                                                        

  4. channels due to busy lifestyle.  Figure 2. Global Flooring Tool Market Share (%), By Channel, 2018    Source: Coherent Market Insights, 2018-19  Furthermore, through e-commerce channels, customers can receive the product       at their doorstep. Consumers have the option of comparing prices of different             products on different websites and can choose from various available options.                          Key companies operating in the global flooring tool market include Q.E.P. Co.,             Inc., Roberts Consolidated Industries, Inc., Crain Cutter Co., Inc., Hyde Tools,         Inc., Better Tools LLC, and iQ Power Tools.                              1. Request Sample Report 2. Download PDF Brochure 3. Request Customization 4. Talk to Analyst

  5. Reference https://www.coherentmarketinsights.com/market-insight/flooring-tool-market-3327 About Us: ​ Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. What we provide: •​Customized Market Research Services •​Industry Analysis Services •​Business Consulting Services •​Market Intelligence Services •​Long term Engagement Model •​Country Specific Analysis Contact Us: Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S.

  6. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com Thank You! Kindly follow CMI Social Media Profiles for the latest company updates Facebook​​Linkedin​​Twitter https://www.coherentmarketinsights.com/

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