Carpet segment has the Largest Share of Type in the South and Central America Indoor Flooring Market during 2021-2028

According to a new market research study on “South and Central America Indoor Flooring Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, End User and Country” is expected to reach US$  11.63 billion by 2028 from US$  9.58 billion in 2021. The market is estimated to grow at a CAGR of 2.8% from 2021 to 2028. The report provides trends prevailing in the South and Central America indoor flooring market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to rising in number of commercial and residential construction projects and surge in product innovations and launches are the key factors driving the market growth. However, the market is expected to experience slow growth during the forecast period owing to stringent government regulations and high cost of installation and maintenance.

In the SAM, Brazil has the highest number of COVID-19 confirmed cases, followed by other countries such as Colombia, Argentina, and Peru. The governments of various countries in SAM are taking several initiatives to protect people and control COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to have a direct impact on the region’s economic growth as the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners such as China, Europe, and North America. The sharp decline in the sales of the flooring industries in the region due to lockdown measures is expected to directly impact the growth of the South and Central America indoor flooring market. Moreover, decline in business activities and product sales are expected to directly affect the growth rate of the market till mid-2021.

The market for South and Central America Indoor Flooring Market is segmented into the type, end user and country. Based on type, the South and Central America Indoor Flooring Market is segmented into ceramic tiles, carpet, vinyl linoleum & rubber, wood & laminate and others. In 2021, the carpet segment accounted for the largest market share. The growth of these segments is attributed to extensively use flooring decor. However the vinyl linoleum & rubber segment is estimated to register the highest CAGR during the forecast period.

Forbo International SA, Armstrong Flooring, Inc., Beaulieu International Group, Interface, Inc., Toli Corporation, Mohawk Industries, Inc. ,Shaw Industries Group, Inc. Among the leading companies in the South and Central America indoor flooring market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The market for South and Central America indoor flooring market is segmented into type, and end user. Based on type, the South and Central America indoor flooring market is segmented ceramic tiles, carpet, vinyl linoleum & rubber, wood & laminate and others. Based on end user, the South and Central America indoor flooring market is segmented into residential, and non-residential. By Geographically, South and Central America indoor flooring market is segmented into (Brazil, Argentina, and Rest of SCAM).

South and Central America  Indoor Flooring Market , By Country, 2021 and 2028 (%)

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