Market Trends of United Kingdom Non-Resilient Floor Covering Industry
This section covers the major market trends shaping the UK Non-Resilient Floor Covering Market according to our research experts:
Increase in Construction Activities is Driving the Market
The United Kingdom's Non-Resilient flooring market is expected to witness high growth due to increasing construction activities in the residential and commercial sectors in the region. Flooring is crucial for the construction industry. It plays a vital role in enhancing the overall atmosphere of a residential or commercial landscape. Growth in the construction sector and rising urbanization are also some of the factors propelling the growth of the non-resilient flooring market. Non-resilient flooring market in the country is projected to register substantial growth, owing to increasing construction activities. The need for both residential and commercial properties in the United Kingdom is driving the demand for Non-Resilient quality floorings. This leads to heavy investment in the construction industry. Due to the rise in urbanisation and increasing purchasing power of the consumers there is a need for aesthetic looking quality floorings.
Residential Segment is Dominating the Market
The residential sector is the most important sector for the flooring market. The growth of the residential segment among the application segments is attributable to increasing new residential construction projects across the country. Growing focus toward interior decoration and comfort, coupled with rising disposable income of people are expected to drive the demand for flooring in the residential industry. Housing renovation and maintenance have increased steadily in the recent past and are expected to further increase in the coming years, owing to the increasing disposable income of people. All these factors are expected to fuel the demand for non-resilient flooring in the residential sector. Non-resilient floorings come in a variety of textures, colours, and patterns; hence, its demand in residential homes is high.
