Underfloor Heating Global Market Report 2023 – By Type (Hydronic Underfloor Heating, Electric Underfloor Heating), By Installation (New installations, Retrofit installations), By Application (Residential, Commercial, Institutional) – Market Size, Trends, And Global Forecast 2023-2032

Heating equipment is a device that generates heat to regulate a space's temperature using thermal energy. A freestanding stove, fireplace, or non-electric stove are some heating devices intended to generate heat for a room or indoor area. Heating equipment are also used in laboratories for experiments and other industrial purposes. The main types of heating equipment are heat pumps, furnaces, boilers, unitary heaters, and others. A heat pump is a device that uses electric or mechanical methods to move heat from one location to another. Heat pumps are used to make the warm space warmer and the cool space cooler by transferring heat from one to the other. The different technologies include water source, and ground source that are used in residential, commercial, and industrial applications. The global heating equipment market is segmented - 1) By Product: Heat Pumps, Furnaces, Boilers, Unitary Heaters, Other Products 2) By Technology: Air Source, Water Source, Ground Source 3) By Application: Residential, Commercial, Industrial The global heating equipment market size grew from $36.35 billion in 2022 to $40.16 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of the heating equipment market is expected to grow to $51.08 billion in 2027 at a CAGR of 6.2%. The growing demand for construction industry is expected to propel the growth of the heating equipment market going forward. The construction sector refers to the organizations that deals with creating, maintaining, and repairing infrastructures. The growing construction industry uses heating equipment such as heat pumps to provide heating and cooling in large as well as medium-sized buildings. For instance, in June 2021, according to a report published by Canada’s national statistical agency, the investment in building construction increased from $14,294 million in April 2019 to $19,273 million in April 2021. Furthermore, in the 2022 US Construction Cost Trends report, the US total construction spending has increased by 16% since the pandemic’s onset. Therefore, growth in the global construction industry is driving the growth of the heating equipment market. Major players in the heating equipment market are Danfoss A/S, United Technologies Corporation, Trane Technologies plc, Lennox International Inc., Robert Bosch GmbH, Johnson Controls, Emerson Electric Co., Honeywell International Inc., Siemens AG, Daikin Industries Ltd., Uponor Corporation, Mitsubishi Electric Corporation, Nortek Inc., Pentair, and Nexans. Technological advancements are a key trend gaining popularity in the heating equipment market. Major companies operating in the market are using new technologies, such as injection technology, to sustain their position in the market. For instance, in January 2021, M-TEC GmbH, an Austrian manufacturer, launched efficient heat pumps for large-scale operations. The power series heat pumps are more efficient due to their larger evaporators, larger fans, and innovative injection technology. In June 2021, Enerquip, a US-based manufacturer of sanitary and industrial heating and cooling solutions, acquired American Heating Co. Inc. for an undisclosed amount. With this acquisition, Enerquip aims to carry on American Heating Company's legacy of delivering a high-quality product in an ethical manner. American Heating Co. Inc. is a US-based manufacturer of heating equipment. Europe was the largest region in the heating equipment market in 2022. The regions covered in the heating equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the heating equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The heating equipment market consists of sales of heat distribution systems, small space heaters, wood and pellet heater. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The heating equipment market research report is one of a series of new reports from The Business Research Company that provides heating equipment market statistics, including heating equipment industry global market size, regional shares, competitors with a heating equipment market share, detailed heating equipment market segments, market trends and opportunities, and any further data you may need to thrive in the heating equipment industry. This heating equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Flooring adhesive refers to a strong, long-lasting glue that is used to hold the flooring components to the subfloor or underlayment. The adhesive must hold the floor tiles in place and connect them to the underlying floor. It is a sticky substance used to secure the floor. The main types of flooring adhesives include urethane, epoxy, acrylic, vinyl, and others. Urethane adhesive is a thermoplastic polymer-based glue. It is formed by a chemical reaction between the polymers. Epoxies are created by polymerizing a mixture of two starting compounds, the resin and the hardener. An acrylic adhesive is a resin-based adhesive that is made up of acrylic or methylacrylic polymers. Vinyl adhesive is the perfect solution to rips and tears. It is commonly used as a floor tile adhesive. Flooring adhesives have applications in tile and stone, carpets, wood, laminates, and others. By technology, types of flooring adhesives include water-based adhesives, solvent-based adhesives, and hot-melt-based adhesives. Flooring adhesives are used in residential, commercial, and industrial areas. The global flooring adhesives market is segmented - 1) By Type: Urethane, Epoxy, Acrylic, Vinyl, Other Types 2) By Application: Tile & Stone, Carpet, Wood, Laminate, Other Applications 3) By Technology: Water-Based Adhesive, Solvent-Based Adhesive, Hot-Melt Based Adhesive 4) By End User: Residential, Commercial, Industrial The global flooring adhesives market size grew from $7.32 billion in 2022 to $7.8 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the flooring adhesives market is expected to grow to $10.41 billion in 2027 at a CAGR of 7.5%. The increase in infrastructural development in emerging countries has contributed significantly to the growth of the flooring adhesives market. With an increase in the global population, there has been an increased demand for housing, which in turn increased the demand for flooring adhesives for various applications such as floor fixing, roof fixing, and fixing panels. Flooring adhesive can also be mixed into the cement for better adhesion. The governments of emerging countries such as Brazil and India have been investing in residential construction in order to provide affordable housing for all. According to the World Bank, in South Asia, the urban population is expected to grow by 250 million by 2030. According to a report by PwC, around 60% of the world’s population is expected to live in cities by 2030. This rapid urbanization is expected to boost the demand for infrastructure and drive the flooring adhesives market. Major players in the flooring adhesives market are Mapei S.p.A., Sika AG, Henkel AG, The Dow Chemical Company, Wacker Chemie AG, Bostik SA, Forbo Holdings AG, Pidilite Industries Limited, H.B. Fuller, LATICRETE International Inc., Pidilite Industries, Dupont De Nemours Inc., Parker-Hannifin Corp, Arkema Group, tesa SE-A Beiersdorf Company, 3M, Illinois Tool Works Inc., Bostik India Pvt. Ltd., and Ardex, Franklin. Flooring adhesives companies are increasingly adopting sustainable and eco-friendly processes to eliminate the negative impact of chemical manufacturing on the environment, focusing on reducing volatile organic compounds (VOC) emissions. Building materials, for example, emit highly volatile organic compounds (VOCs) when exposed to high temperatures or high moisture levels. Adhesive companies can now produce products using natural raw materials such as starch, resins, lignin, and proteins thanks to advancements in technology and chemical sciences. These materials ensure that the products have a lower carbon footprint. Biodegradable adhesives are prepared to be broken down by microorganisms and bacteria. The degrading process produces carbon dioxide, water and other natural gases defined by the environment. Companies are emphasizing green construction, which refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact. For example, BASF, a German multinational chemical company, has developed new binders for flooring adhesives under their ACRONAL line that offer exceptional performance while minimizing environmental impact. Sika AG, a Swiss multinational specialty chemical company that serves the construction and automotive industries, paid an undisclosed sum in August 2021 to acquire Bexel Internacional S.A. de C.V., a leading manufacturer of tile adhesives in Mexico. This acquisition helps in extending Sika’s manufacturing footprint and also strengthens its position in Mexico’s mortar market. Asia-Pacific was the largest region in the flooring adhesives market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flooring adhesives market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the flooring adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The flooring adhesives market consists of sales of polymeric adhesives and dispersion adhesives. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The flooring adhesives market research report is one of a series of new reports from The Business Research Company that provides flooring adhesives market statistics, including global market size, regional shares, competitors with a flooring adhesives market share, detailed flooring adhesives market segments, market trends and opportunities, and any further data you may need to thrive in the flooring adhesives industry. This flooring adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Floor coatings are tough, protective layers used in applications where heavy surface wear or corrosion is expected. Typical applications include chemical plants, warehouses, and manufacturing floors. Floor coatings are also used to brighten or define areas of facilities. The main types of industrial floor coatings made of resin are epoxy, polyurethane, hybrids, and others. Due to the strong adhesive properties of epoxy, it is used in structural and engineering applications. Epoxy resin is commonly used in the construction of vehicles, aircraft, snowboards, and bicycles. By floor material, the market is segmented into concrete, mortar, terrazzo, and others. By technology, the market is segmented into water-borne and solvent-borne. By component, the market segments are one-component, two-component, three-component, and four-component. Major end-use sectors of industrial floor coating include manufacturing, aviation and transport, food processing, science and technology, and others. The global industrial floor coating market is segmented - 1) By Resin Type: Epoxy, Polyurethane, Hybrid, Other Resin Types 2) By Flooring Material: Concrete, Mortar, Terrazzo, Other Flooring Material 3) By Technology: Water-Borne, Solvent-Borne 4) By Component: One-Component, Two-Component, Three-Component, Four-Component 5) By End-Use Sector: Manufacturing, Aviation & transportation, Food processing, Science & technology, Other End-User Sector The global industrial floor coating market size grew from $5.19 billion in 2022 to $5.5 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global industrial floor coating is expected to grow to $6.84 billion in 2027 at a CAGR of 5.6%. The industrialization of floor coatings globally is significantly contributing to the growth of the industrial floor coating market. Industrial floor coatings are designed to meet the highest industry standards in chemical and corrosion resistance. These coatings are used in chemical plants, warehouses, and manufacturing floors. For instance, Asian countries are expected to invest $9 trillion in infrastructure development for industrialization and urbanization. So, growing industrialization will drive the industrial floor coating market. Major players in the industrial floor coating market report are PPG Industries Inc., AkzoNobel N.V., The Sherwin-Williams Company, A&I Coatings, The Dow Chemical Company, Asian Paints PPG Pvt Ltd., Nora system Inc., RPM International, The Daw Group, CPC Floor Coatings, Cipy Polyurethanes Pvt. Ltd., Apurva India Private Limited, Armorpoxy, Axalta Coating Systems Ltd., Conren Ltd., Florock Polymer Flooring, Grand Polycoats, Michelman Inc., and Rpm International Inc. New product launches are a key trend in the industrial floor coating market. Companies are launching innovative and improved coating products to increase their customer base and revenues. For example, in 2021, Sika Group, a Swiss specialty chemical company, launched a new technology for ESD coatings. Sikafloor®-2350 ESD is a protective dissipative self-leveling system for concrete or cement screeds that is especially suitable for areas with low electrostatic charge requirements. In 2021, Unilin Technologies launched the Unicoat waterproof coating for flooring. In January 2022, Milburn Flooring, a US-based provider of commercial flooring acquired Blendex Industrial Corporation for an undisclosed amount. With the acquisition, Milburn Flooring is anticipated to provide value for both new and existing customers while also broadening its service offerings and installation capabilities. Blendex Industrial Corporation is a US-based provider of flooring solutions for industrial and commercial applications. Asia-Pacific was the largest region in the industrial floor coating market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial floor coating market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the industrial floor coating market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The industrial floor coating market consists of sales of industrial floor coating products such as acrylic resin and polymer coating. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The industrial floor coating market research report is one of a series of new reports from The Business Research Company that provides industrial floor coating market statistics, including industrial floor coating industry global market size, regional shares, competitors with industrial floor coating market shares, detailed industrial floor coating market segments, market trends and opportunities, and any further data you may need to thrive in the industrial floor coating industry. This industrial floor coating market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Home furnishings and floor coverings refer to a room's or house's furnishings, which include the furniture, drapes, carpets, and accents like artwork, whereas "floor covering" refers to something used to cover a room's floor, such as a carpet. The main types of home furnishings and floor coverings are home furnishings and floor coverings. Household furniture refers to all mobile, compactable goods or machinery used to furnish a home, such as chairs, tables, sofas, mattresses, and so on. The products are available at mass and premium pricing and are distributed through supermarkets and hypermarkets, specialty stores, e-commerce, and other channels. The different applications include household and commercial. The global home furnishings and floor coverings market is segmented – 1) By Type: Home Furnishings, Floor Coverings 2) By Price Point: Mass, Premium 3) By Distribution Channel: Supermarkets and Hypermarkets, Specialty Stores, E-commerce, Other Distribution Channels 4) By Application: Household, Commercial Subsegments Covered: Curtains, Bed Spreads, Towels-Home Furnishings, Other Home Furnishings, Carpets And Rugs, Mats The global home furnishings and floor coverings market size will grow from $117.31 billion in 2022 to $125.7 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of home furnishings and floor coverings is expected to grow to $160.05 billion in 2027 at a CAGR of 6.2%. Increasing demand for online shopping is expected to help the home furnishing and floor coverings market grow. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the home furnishing and floor coverings manufacturing market. In countries such as India, for instance, e-commerce portals have boosted the sales of home furnishing and floor coverings by giving larger exposure to producers who were confined to one geography. Major companies in the home furnishings and floor coverings market include Mohawk Industries Inc., Ashley Furniture Industries Inc., Berkshire Hathaway Inc., Tarkett S.A, Masco Corporation, Beaulieu International Group, Gerflor SAS, Interface Flooring Systems Inc., TOLI Corporation and Balta Group NV. The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the home furnishings and floor coverings manufacturing market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the home furnishings and floor coverings market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Home furnishings and floor covering manufacturers are adopting digital printing technology to cut down on operational expenditures. This technology lowers sampling process time and water consumption. It is also considered to be an eco-friendly alternative to traditional home furnishings and floor coverings. Some of the companies offering digital printing technologies include Epson, Bordeaux Digital PrintInk, and Fratelli Robustelli S.r.l. According to a report by Textile World magazine, 870 million square meters of fabric worth $1.29 billion were printed using digital printing technologies to shorten lead times, customize home decorations, improve design aesthetics and reduce costs. Asia-Pacific was the largest region in the home furnishings and floor coverings market in 2022. North America was the second largest region in the home furnishings and floor coverings market share. The regions covered in the home furnishings and floor coverings market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the home furnishings and floor coverings market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The home furnishings and floor coverings market consists of sales of cork tile, asphalt tile, and printed felt base.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The home furnishings and floor coverings market research report is one of a series of new reports from The Business Research Company that provides home furnishings and floor coverings market statistics, including home furnishings and floor coverings industry, global home furnishings and floor coverings market size, regional shares, competitors with a home furnishings and floor coverings market share, detailed home furnishings and floor coverings market segments, market trends and opportunities, and any further data you may need to thrive in the home furnishings and floor coverings industry. This home furnishings and floor coverings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Luxury vinyl tiles (LVT) flooring refers to modular vinyl flooring in which tiles are laid out individually by using single sheets. The luxury vinyl tiles flooring is sustainable, easy to handle, durable, and acoustic. These are used to design office space or residential space to look like real wood. The main types of luxury vinyl tiles (LVT) flooring are rigid luxury vinyl tiles (LVT), and flexible luxury vinyl tiles (LVT). The rigid luxury vinyl tiles (LVT) flooring market consist of sales of rigid luxury vinyl tiles by entities (organizations, sole traders, and partnerships) that refer to a rigid core type of LVT, a click-type plank vinyl flooring that doesn’t require any adhesives. There are main three types of rigid LVT stone-polymer composite, wood-polymer composite, and Standard rigid core. These are used in residential and commercial industries. Luxury vinyl tiles (LVT) flooring is used by residential and non-residential end users. The global luxury vinyl tiles LVT flooring market is segmented - 1) By Type: Rigid Luxury Vinyl Tiles (LVT), Flexible Luxury Vinyl Tiles (LVT) 2) By Construction Type: New Construction, Renovation 3) By End-User: Residential, Non-Residential The global luxury vinyl tiles (lvt) flooring market size grew from $20.08 billion in 2022 to $23.06 billion in 2023 at a compound annual growth rate (CAGR) of 14.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global luxury vinyl tiles (lvt) flooring market is expected to grow to $40.31 billion in 2027 at a CAGR of 15.0%. The high growth of the construction industry is expected to propel the growth of the luxury vinyl tiles (LVT) flooring market. Luxury vinyl flooring is economical and more efficient than other floorings currently available in the market, and additional factors of LVT such as cost-efficient, lightweight, and the requirement of low maintenance make them an ideal choice for flooring in the construction sector. For instance, according to the Office of National Statistics UK, the monthly construction output increased by 3.5% in volume in November 2021. Also, according to Invest India, an India-based national investment promotion and facilitation agency, the construction industry in India is expected to reach $1.4 trillion by 2025. Therefore, the high growth in the construction industry drives the luxury vinyl tiles flooring market. Major players in the luxury vinyl tiles (LVT) flooring market are Tarkett, Forbo, Armstrong, Shaw Industries, Inc., Gerflor, Interface, Mannington Mills, Inc., Mohawk Industries, Parador GmbH, Polyflor, Metroflor, Milliken, LG Hausys, and James Halstead PLC. Product innovations are a key trend gaining popularity in the luxury vinyl tiles (LVT) flooring market. The key players in the luxury vinyl titles flooring are focusing on developing innovative products with advanced technologies to reciprocate natural materials in the products with greater stability and ecological performance. For instance, in 2021, Tarkett, a company operating in the luxury vinyl tiles flooring market-based in France, launched a luxury vinyl tile collection called ID Inspiration that emulates natural materials such as wood and stone. It is intended for use in hospitality, education, residential, retail, and workplace interiors and is suitable for areas with moderate to high footfall. The product has been developed to harness the power of nature to create feel-good interiors and also to improve well-being by deepening the connection between the outdoors, and the interior spaces where people work, learn, and care. In November 2021, Tarkett, a company operating in the luxury vinyl tiles flooring market-based in France acquired Vinyasa, a Mexico-based company involved in manufacturing luxury vinyl tiles floorings and specializing in VCT product offerings, for an undisclosed amount. With this acquisition, Tarkett is focusing on LVT flooring production at the Florence campus and also expanding its manufacturing in North America. Asia-Pacific was the largest region in the luxury vinyl tiles (LVT) flooring market share in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global luxury vinyl tiles (LVT) flooring industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the luxury vinyl tiles (LVT) flooring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The luxury vinyl tiles (LVT) flooring market consists of sales of rigid luxury vinyl tiles and flexible luxury vinyl tiles. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The luxury vinyl tiles (LVT) flooring market research report is one of a series of new reports from The Business Research Company that provides luxury vinyl tiles (LVT) flooring market statistics, including luxury vinyl tiles (LVT) flooring industry global market size, regional shares, competitors with a luxury vinyl tiles (LVT) flooring market share, detailed luxury vinyl tiles (LVT) flooring market segments, market trends and opportunities, and any further data you may need to thrive in the luxury vinyl tiles (LVT) flooring industry. This luxury vinyl tiles (LVT) flooring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Resilient flooring is a combination of fillers, binders, and colours, and it is also known as vinyl flooring. Filler materials include synthetic fibers, limestone, and mineral fillers like asbestos. The material that binds the mixture together will be either asphalt or resin. Resilient flooring consists of linoleum, asphalt, vinyl, rubber, wood, and cork. The main types of resilient flooring are luxury vinyl tile, vinyl sheet and floor tile, rubber, linoleum, and others. Luxury vinyl tile is a high-tech, multi-layer vinyl floor that mimics types of flooring like stone tiles or wood planks. Resilient flooring is applied in construction activities such as renovations and new construction. These are also used in residential applications, commercial applications, and other applications. The global resilient flooring market is segmented - 1) By Product Type: Luxury Vinyl Tile, Vinyl Sheet and Floor Tile, Rubber, Linoleum, Other Product Types (Cork) 2) By Construction Activity: Resilient Flooring for Renovation, Resilient Flooring for New Construction 3) By Application: Residential, Commercial, Other Applications (Industrial) The global resilient flooring market size grew from $33.56 billion in 2022 to $35.73 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global resilient flooring is expected to grow to $45.71 billion in 2027 at a CAGR of 6.4%. Rapid urbanisation is contributing to the growth of the resilient flooring market. Economic, political, and social issues will combine with the circumstances of modernization to make people migrate from rural areas to urban areas. The expansion of modern offices, rapid urbanization, and evolving lifestyles are paving the way for the growth of newer flooring substances. For instance, in June 2021, according to UNCTAD, a Geneva-based intergovernmental organisation intended to promote the interests of developing states in world trade, by 2020, the share of the urban population increased to 56.2%. It is generally higher in the developed world (79.2% in 2020) than in the developing world (51.6%). Furthermore, in October 2021, according to the data published by the World Bank report, a US-based international financial institution that provides loans and grants to the governments of low- and middle-income countries to pursue capital projects, the world’s population living in urban areas has increased from 37% to 56% in the past 50 years. Thus, rapid urbanisation will drive the growth of the resilient flooring market. Major players in the resilient flooring market report are Mohawk Industries, Tarkett S.A., Shaw Industries Group Inc., Armstrong World Industries Inc., Forbo Flooring, Gerflor Group, Interface Inc., Beaulieu International Group, Novalis Innovative Flooring, Congoleum, IVC Group of Belgium, Amtico International Co. Ltd. of the United Kingdom, Mannington Mills Ltd. of the United States, Unilin of Belgium, Milliken and Company of the United States, Nora, Fatra a.s., American Biltrite Inc., Polyflor Ltd., Burke Industries Inc., Karndean International Limited, Berkshire Hathaway Inc., Alite floor, Pergo, Domco Tarkett Inc., and DLW Flooring. Technological advancement is a key trend gaining popularity in the resilient flooring market. More consumers are looking for ideas to make homes more sustainable. With trends such as solar panelling and energy efficiency, more and more homeowners are using eco-friendly building materials. Resilient flooring requires non-renewable resources for manufacturing, which makes it difficult to deal with consumers’ preference for sustainable materials. For example, in 2021, Beaulieu Flooring is having hefty sales to deliver resilient flooring that answers design, function, and sustainability in the future. In January 2021, AHF Products, a US-based manufacturer of hardwoods, acquired the assets of Parterre Flooring for an undisclosed amount. With this acquisition, Parterre Flooring is expected to improve AHF Products' standing as a provider of resilient flooring options. Parterre Flooring is a Canada-based manufacturer of resilient flooring, including vinyl flooring. Asia-Pacific was the largest region in the resilient flooring market in 2022 and is also expected to be the fastest-growing region during the forecast period. The regions covered in the resilient flooring market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the resilient flooring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The resilient flooring market consists of sales of fillers, binders and vinyl flooring. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The resilient flooring market research report is one of a series of new reports from The Business Research Company that provides resilient flooring market statistics, including resilient flooring industry global market size, regional shares, competitors with resilient flooring market shares, detailed resilient flooring market segments, market trends and opportunities, and any further data you may need to thrive in the resilient flooring industry. This resilient flooring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The warm air heating equipment refer to equipment that produce warm air to provide space heating for warehouses, retail sheds, sports centres, factories, and other buildings containing similarly large spaces. The main product types are dehumidifiers, heat pumps, and humidifying equipment. A heat pump refers to a heat engine running in the reverse direction. The capacity is small, medium, and large. The various applications involved are residential, commercial, and industrial. The global warm air heating equipment market is segmented - 1) By Product Type: Dehumidifiers, Heat Pumps, Humidifying Equipment 2) By Capacity: Small, Medium, Large 3) By Application: Residential, Commercial, Industrial The global warm air heating equipment market size will grow from $124.43 billion in 2022 to $136.7 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global warm air heating equipment is expected to grow to $170.58 billion in 2027 at a CAGR of 5.7%. Favorable measures to reduce carbon footprint are expected to drive the warm air heating equipment market’s growth. Countries all over the world are working towards decarbonizing the environment for a sustainable environment and making the world a better place. Warm air heating equipment like a heat pump reduces carbon footprints by using renewable energies. According to the World Resources Institute, in September 2020, China plans to achieve carbon neutrality by 2060. Europe wants to become the world’s first climate-neutral continent by 2050, and the European Commission aims to reduce emissions by at least 55% by 2030. Moreover, Daikin, a global HVAC manufacturer expressed its support for Europe’s Green Deal and believes constant innovations in heat pump technology will help decarbonize Europe by combining decarbonization with sustainable economic growth. Hence, favorable measures by companies and the government to reduce carbon footprints support the warm air heating equipment market growth. Major players in the warm air heating equipment market are Danfoss, Daikin, Mitsubishi Electric Corporation, WOLF GmbH, Johnson Controls Inc., Honeywell International Inc., Haier Group (China), Hitachi Appliances Inc. (Japan), Viessmann, and Bosch Thermotechnology. The high upfront cost associated with warm air heating equipment is anticipated to hinder the warm air heating equipment market. The cost of installation includes equipment cost, installation cost, and other related costs. For instance, the average cost of installation for a new heat pump is $5,613. The mid-quality heat pump costs range between $100 and $2,800. Furthermore, the final costs can reach up to $20,000 that including labor, contractor’s fees, and permit costs. The high cost restricts individuals or small and medium enterprises from buying warm air heating equipment, thereby obstructing the market size market growth. Companies are concentrating on developing smart devices to meet the requirements of the newly connected smart offices and homes. Homes and companies around the world are moving toward connected devices and industry players are engaged in developing smart devices, which enable optimized connectivity and preventive maintenance. For instance, in October 2020, Daikin Applied expanded its line of SmartSource compact heat pumps for a broader range of applications making it ideal for new construction and retrofits where area and budgets are limited. Similarly, in April 2020, LG Electronics USA introduced an extended portfolio of energy-efficient residential air care products including LG PuriCare 50 Pint Dehumidifier with Drain Pump for smooth everyday use. It is ergonomic and effective for residential use, controls humidity levels, and can be monitored or controlled from anywhere through the LG ThinQ smartphone app. In March 2020, NIBE Group, a Sweden-based company that produces and builds intelligent, energy-efficient indoor comfort solutions for all kinds of properties acquired WATERKOTTE GmbH for an undisclosed amount. This acquisition is predicted to strengthen NIBE Group’s position in the European heat pump market, particularly in Germany, and also gives them access to expertise for managing larger projects as well as heat pumps. WATERKOTTE GmbH Germany-based manufacturer of innovative, advanced heat pump systems and integrated sustainable energy solutions for both single-family homes and commercial applications. The Asia-Pacific was the largest region in the warm air heating equipment market in 2022. North America was the second largest region in the global warm air heating equipment market analysis. The regions covered in the global warm air heating equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the warm air heating equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The warm air heating equipment market consist of sales of hybrid heat pumps, air source heat pumps, ground source heat pumps and others. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The warm air heating equipment market research report is one of a series of new reports from The Business Research Company that provides warm air heating equipment market statistics, including warm air heating equipment industry global market size, regional shares, competitors with a warm air heating equipment market share, detailed warm air heating equipment market segments, market trends and opportunities, and any further data you may need to thrive in the warm air heating equipment industry. This warm air heating equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Construction is the process of building, altering, repairing, improving, or demolishing any structures or buildings using a detailed design and plan. The different types of construction are buildings construction, heavy and civil engineering construction, specialty trade contractors, land planning and development. Building construction includes the dismantling of existing structures, the construction of new structures, the addition of latest structures to existing structures, and the required modifications to existing structures to correspond to any recent additions. The different sectors include private and public. These type of services are provided by large contractors and small contractors. The global construction market is segmented - 1) By Type: Buildings Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, Land Planning And Development 2) By End User: Private, Public 3) By Type of Contractor: Large Contractors, Small Contractors Subsegments Covered: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Highway, Street, And Bridge Construction, Other Heavy And Civil Engineering Construction, Foundation, Structure, And Building Exterior Contractors, Building Equipment Contractors, Building Finishing Contractors, Other Specialty Trade Contractors, Residential Land Planning And Development, Commercial And Institutional Land Planning And Development, Industrial Land Planning And Development The global construction market grew from $14503.87 billion in 2022 to $15461.84 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The construction market is expected to grow to $19519.26 billion in 2027 at a CAGR of 6.0%. The increasing construction activities in emerging markets are expected to propel the growth of the construction market over the coming years. Emerging markets which registered robust construction activity included China, Brazil, India, Saudi Arabia and Indonesia. For instance, according to the National Bureau of Statistics, construction output contributed for 25.9% of China's GDP in 2020, up from 6.2% in 2019. This rapid growth in construction activity contributed to the growth of the construction market. Major companies in the market include China State Construction Engineering Corporation Ltd., China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Co Ltd., China Evergrande Group. Construction costs have increased steadily due to rising material costs in the historic period. Companies in the industry experienced subdued growth in their profits with rising prices of materials such as crude oil, a key component of asphalt reached $41.96 per barrel in 2020, softwood lumber, a major component used for buildings construction, rose by 112% in February 2021 compared to 2020. Therefore, high material prices adversely affected the construction market during historic period. Building construction companies are increasingly using green construction techniques to build energy efficient buildings and reduce construction costs. Green construction refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact. According to World Green Building Trends Survey, about 60% of construction firms across the globe were involved in green construction projects . Certifications such as Leadership in Energy and Environmental Design (LEED) help construction companies to develop high-performance, sustainable residential and commercial buildings, and also offer a variety of benefits, from tax deductions to marketing opportunities. Sustainable construction materials such as natural paints and steel beams made from recycled material are being widely used in the UK. Other green construction techniques such as cross-ventilation for more natural environment, green construction software such as Construction Suite to ensure green compliance, and Green Globes management tool are also being used in the construction industry. For instance, some, Major companies using green construction techniques include Turner Construction Co, Clark Group, AECOM, Hensel Phelps and Holder Construction. Asia-Pacific was the largest region in the construction market in 2022. North America was the second-largest region in the construction market. The regions covered in the construction report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the construction market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The construction market includes revenues earned by entities by constructing buildings or engineering projects (such as highways and utility systems). Establishments that prepare sites for new construction and those that subdivide land for sale as building sites are included in this market. The construction market includes new work, additions, alterations, maintenance, and repairs. The market also includes modular building construction, prefabricated building construction, 3D building construction and green building construction The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The construction market research report is one of a series of new reports from The Business Research Company that provides construction market statistics, including construction industry global market size, regional shares, competitors with a construction market share, detailed construction market segments, market trends and opportunities, and any further data you may need to thrive in the construction industry. This construction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.