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Allied Market Research

Flooring Tools Market Product type (Knee Pads, Floor Stripping Machines., Floor Sanders & Edger’s., Tile Saws., Wood & Laminate Cutters., Tile Cutters & Scoring Wheels., Floor Nailers & Staplers., Others) Sales channel (Mass Retail, E-commerce, Hardware, Industrial, Paint Retail ) Application (Commercial, Residential, Industrial, Others) : Global Opportunity Analysis and Industry Forecast, 2020-2027

A10678
Pages: NA
Jun 2021 | 74 Views
 
Author(s) : NA
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Charts: NA
 

COVID-19

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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 lock-down prevailing due to the COVID-19 outbreak has led the flooring tool market to witness a conflicting development and demand in the market.
  • The closure of the construction industry and renovation activities have led to cause a decline in the sales and revenue development of the flooring tool market.
  • The decline in sales of flooring tools is indirectly hampering the production of new outcomes in the flooring tool market.

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

  Product type

  • Knee Pads.
  • Floor Stripping Machines.
  • Floor Sanders & Edger’s.
  • Tile Saws.
  • Wood & Laminate Cutters.
  • Tile Cutters & Scoring Wheels.
  • Floor Nailers & Staplers.
  • Others

  Sales channel

  • Mass Retail
  • E-commerce
  • Hardware
  • Industrial
  • Paint Retail  

  Application

  • Commercial
  • Residential
  • Industrial
  • Others

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the flooring tool market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global flooring tool market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global flooring tool market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global flooring tool market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in Flooring Tool Market Research Report:

  • What are the leading market players active in the flooring tool market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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