Flooring Tools Market Outlook
According to a new report by Expert Market Research titled, “Flooring Tools Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global flooring tools market is projected to grow at a CAGR of 6.2% between 2024 and 2032. Aided by the growing construction and renovation activities and the increasing applications of flooring tools across a range of sectors, the market is expected to grow significantly by 2032.
Flooring tools are essential components in the process of installing various types of floors, including hardwood, laminate, tile, and carpet, among others. These tools, comprising trowels, cutters, spacers, and others, ensure the efficient and precise installation and maintenance of floors, contributing to the overall aesthetic and durability of the spaces involved.
The escalation in construction and renovation activities globally is a primary driver for the global flooring tools market growth. As urbanisation proceeds and housing demand increases, the need for reliable and efficient flooring tools is on the rise. Furthermore, the emergence of technologically advanced flooring tools that enable more efficient and accurate installation processes further propels the market’s growth.
Moreover, the increasing focus on home and commercial space renovations, spurred by changing interior design trends and the growing emphasis on the aesthetic appeal of spaces, significantly contributes to the flooring tools market expansion. The increasing consumer preference for DIY projects and home improvements further boosts the demand for user-friendly and efficient flooring tools.
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The advent of innovative materials and design improvements in the flooring tools market also propels the market growth. Advancements like ergonomic designs, improved material durability, and increased efficiency in flooring tool design cater to a range of flooring needs, increasing their appeal in the market.
The flooring tools market is further bolstered by the growing popularity of environmentally friendly and sustainable flooring options. The advent of eco-friendly flooring tools, compatible with green building requirements, contributes to market expansion.
In addition, ongoing technological advancements, increasing construction and renovation activities, and the rising popularity of DIY projects are boosting the flooring tools market demand. Also, the increasing demand for more durable and efficient tools in the flooring industry ensures the market’s sustained growth in the forecast period.
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Flooring Tools Market Segmentation
The market can be divided based on type, application, distribution channel, and region.
Market Breakup by Type
• Floor Stripping Machines
• Floor Sanders and Edgers
• Floor Nailers and Staplers
• Knee Pads
• Wood and Laminate Cutters
• Tile Cutters and Scoring Wheels
• Tile Saws
• Others
Market Breakup by Application
• Residential
• Commercial
• Industrial
Market Breakup by Distribution Channel
• Online
• Offline
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global flooring tools companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• Stanley Black & Decker, Inc
• Robert Bosch GmbH
• Powernail Company
• Q.E.P. Co., Inc.
• Traxx Corporation
• Hyde Tools, Inc
• TJM Design Co., Ltd.
• iQ Power Tools
• Better Tools, LLC
• Marshalltown Company
• Others
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