Flooring Services Procurement Intelligence: Driving Business Growth
The flooring services category is expected to grow at a CAGR of 5.2% from 2023 to 2030. The APAC region accounts for the largest category share, while the North American and European region is anticipated to be the fastest-growing region in the forecast period. Increasing demand for flooring services amid the rise in demand for superior, durable, aesthetic, and covering solutions are surging the requirements for flooring services in the category. Factors such as rising construction activities, rapid urbanization, rise in construction spending, and expansion of workspaces and offices are driving the growth of the category. Increasing demand for floor waterproofing with the use of Vinyl flooring combined with WPC (Wood-plastic composites) is further contributing to the category growth. Advancement in R&D and technology has brought category innovation to develop environmentally sustainable products, easy to install peel-and-stick tiles, and innovative construction solutions. Peel-and...