Flooring is gaining huge popularity and it is a rapidly expanding market, which has increased due to industrialization, construction of buildings, and rising disposable incomes. Increased construction activities in the country to build new offices, commercial spaces and houses are further expected to bolster market growth in future years. Superior ceramic floor tile properties, such as high durability and good thermal and shock resistance compared to hardwood, will have a positive impact on the industry's growth. Furthermore, the ease of installation and replacement is another property due to which they are extensively used. The most common type is glazed ceramic tile. Most commonly, they are used for flooring and sometimes for wall applications. On the residential side, the impact of social media sites is playing an important role in increasing consumer exposure to these new flooring products and applications. The aspirational images are motivating the consumer to remodel homes, which is stimulating the growth of ceramic tiles, which are widely used in bathrooms, kitchens, and other areas of residences. According to the research report, "Mexico Flooring Market Outlook, 2027" published by Bonafide Research, the flooring market is anticipated to grow at a 6.04% CAGR in terms of value during this forecasted period. Growing investment by major market players in the research and development of flooring has impacted the market's growth. Different types of flooring markets have gained market share in every region except Mexico. The majority of companies manufacture these products for residential use, both non-resilient and resilient. Resilient housing is in demand and construction has surged. They want both the exterior and interior to be designed. This has led to demand and fuelled market growth. Carpets, rugs, and non-resilient materials are also in high demand.is expected to grow rapidly because there is a continuous increase in construction of buildings, malls, and corporate institutions. As a result, market growth will increase. The demand for flooring has hiked so high that all the demand for flooring like tiles and marbles has surged. The market's growth is also high and it has contributed to the GDP of the Mexican economy. Flooring is categorised into material type and end use in the market. Carpet manufacturers and retailers in Mexico City, Mexico City, Mexico can offer everything from a catalogue of carpet colours and pile options to carpet accessories like underlay and gripper rods. Domotex Mexico is one of the famous companies, and they have organised events in multiple cities in Mexico. They show cases for machine-made carpets and rugs, textile floor coverings, stone flooring, ceramic flooring, and hand-made carpet flooring. Some of the cities are Mexico City, Colima, Puebla, Tlaxcala, Hidalgo, and Chiapas. These cities are famous for all types of flooring and carpets made using both hand-made and machine-made techniques. Most companies manufacture in these places. For material type, it is segmented into resilient, non-resilient, and carpet and rugs. There is huge growth in construction for buildings and interior designs. The huge rise in residential and non-residential construction activities has positively impacted the market and is expected to further its growth. The construction industry is one of the major industries contributing to GDP in Mexico. There is growth in the commercial construction sector. Thus, the rise in construction projects across Mexico. This is due to the high importance of sustainability in Mexico. Furthermore, several start-ups and other prominent businesses are focusing greatly on manufacturing sustainable and zero-waste terrazzo flooring. Hence, this will propel the growth of the Mexican terrazzo flooring market. A wide range of benefits are offered. The flooring offers a broad range of benefits, such as elegancy, durability, and high-end aesthetics, over other types of flooring, and hence, is coming back into fashion. Flooring comprises chips of marble, stone, or glass. With this fusion, producers can create an entirely personalised design according to customer preferences for flooring. Flooring is inarguably attractive and can be customised in many colours, qualities, and styles. In addition, flooring is both robust and stable, offers beauty, ease of cleaning, and value compared to terrazzo, and enables a look of spaciousness wherever it is installed. In addition, these floors escalate the value of the property, are a great long-term investment, and are a unique and elegant floor option. Moreover, they are quite suitable for high-traffic areas. All these benefits offered by terrazzo flooring are estimated to contribute towards the growth of the Mexican flooring market. COVID-19 Impact Companies are adding capacity aggressively to cater to the short-term COVID-induced demand need to be cautious in analysing these unprecedented demand patterns. Post-pandemic transformations in social, economic, trade and political conditions along with expected reforms in environmental regulations will shape the future of the Mexico Flooring Market from 2021 to 2026. The outdoor flooring market has reported mixed results during COVID-19 for different applications and geographies. Considered in this report: • Geography: Mexico Flooring market • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecasted year: 2027 Aspects covered in this report: •Mexico Flooring Market with its value and forecast along with its segments • Application wise flooring market distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By material flooring material type in the report: • Resilient Flooring (Vinyl & Others include Cork, linoleum, rubber, resin) • Non-resilient flooring (Ceramic, wood, laminate, stone, terrazzo & other include bamboo) • Carpet and Rugs End use of flooring market in the report: • Residential • Commercial • Industrial The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to flooring industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
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