Report Code: A10678 | Pages: NA | Mar 2023 | 2016 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Flooring Tools Market
Request Now !Flooring tools are various equipment that are useful in successful floor installations. Flooring tools include a utility knife, chalk line, paint cutting board, measuring tapes, masking or painters’ tape, floor buffing machines, edger sanders, rollers & pan, flooring roller, metal straight edge, and many other such tools. Flooring tools are required for giving an ideal finish and well-structured work. An increase in the growth of the global construction industry and rising renovation activities creates a demand for flooring tools in the market, which will further positively impact the growth of this market during the forecast period.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value ($US) |
Segments covered | Product Type, Sales channel, Application and Region. |
Regions covered | North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific), |
Companies covered | Q.E.P. Co. Inc.; Roberts Consolidated Industries, Inc.; Crain Cutter Co., Inc., Hyde Tools, Inc.; Better Tools LLC, iQ Power Tools; Crain Cutter Co.; Orcon Products.; Rodia Tools.; Surface Shields, Inc. and Taylor Tools, Inc. |
COVID-19 Scenario Analysis:
The closure of the manufacturing plant is also negatively impacting the production scale of the flooring tool industry.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
An increase in market development of the contraction industry and renovation of homes and other commercial construction activities are the major factors contributing to the growth of the flooring tools market. Flooring tools are used as equipment to install floor successfully and for well-constructed work. The flooring tools are essential in terms of work efficiency and well-structured finishes. A rise in the popularity of interior designing and customization of remodeling activities are a few rising trends that drive the growth of the flooring tools market. An increase in the expenditure of consumers on construction activities requires flooring tools for finishing, and therefore, is another factor that contributes to the growth of this market.
New product launches to flourish the market
Leading flooring tool manufacturers are focusing on recent trends and market development to produce the new product according to the need and demands of the market. Flooring tool market is highly competitive and strategic in terms of engineering, new features, types of equipment, and in the cost-efficacy of products. The leading market players are launching new features and bringing in new technologically advanced flooring tool kit products in the market to gain consumer attraction towards the product.
Recently, the flooring tool market is witnessing a high demand for technological advanced tiles cutter products, which provides the effective ideal finishing and edges cut in the floor installation time
Regional insights
The Asia Pacific is anticipated to hold the largest market share in the flooring tool market in terms of sales and revenue growth. An increase in the growth of the construction industry and rapid urbanization are the factors responsible for the growth of the flooring tools market during the forecast period. Europe is anticipated to have the second-largest market share in the flooring tools market. The rising interior infrastructure trend and developing economies are the key trends to the growth of the flooring tools market.
Key Segments Covered:
Segments | Sub-segments |
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Key Benefits of the Report:
Questions Answered in Flooring Tool Market Research Report:
Flooring Tools Market Report Highlights
Aspects | Details |
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By Product type |
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By Application |
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Key Market Players | Q.E.P. Co. Inc., Roberts Consolidated Industries Inc., Crain Cutter Co.Inc., Hyde Tools Inc., Better Tools LLC, iQ Power Tools, Crain Cutter Co., Orcon Products., Rodia Tools., Surface ShieldsInc., Taylor Tools Inc |
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