FLOORING TOOL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 to 2031)

Flooring tools are the equipment that are used for flooring installation. Some of the flooring tools include utility knife, chalk line, paint rollers & pan, flooring roller, metal straight edge, cutting board, measuring tapes, masking or painters tape, floor buffing machines, edger sanders, and others.

Market Dynamics

Flooring tool market is majorly driven by the growth of end-use industries such as construction, coupled with increasing usage of flooring tools in these industries. Among Distribution channel, in 2021 mass retail segment contributed for largest market share in terms of value, and is expected to witness significant growth over the forecast period, followed by hardware segment.

Furthermore, growing commercial sector, increasing disposable income, changing trends in home furnishing, and changes in lifestyle are the factors that are expected to fuel demand for construction activities, which is further expected to drive growth of the flooring tool market in Europe over the forecast period.

Among regions, in 2021, Asia Pacific held dominant position in the global flooring tool market accounting for a market share of 35.8%, in terms of revenue, attributing to growing infrastructure development activities and construction industry in the region. In addition to this, Asia Pacific is expected to record fastest growth over the forecast period in the global flooring tool market.

Major players operating in the market are focusing on adopting various growth strategies such as new product launches and expanding global presence, in order to maintain their position in the global market. For instance, in January 2019, Hyde Tools, Inc., a manufacturer of surface preparation tools launched its new tool, Hyde Molding Puller for removal of carpet, tile, and other flooring materials. The new product helped the company to expand its product portfolio in the flooring tool market.

Key features of the study:

• This report provides an in-depth analysis of global flooring tool market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global flooring tool market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Q.E.P. Co. Inc., Roberts Consolidated Industries Inc., Crain Cutter Co. Inc., Hyde Tools Inc., Better Tools LLC, iQ Power Tools, Taylor Tools Inc., Rodia Tools., and Surface Shields Inc.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global flooring tool market report caters to various stakeholders in this industry including investors, suppliers, flooring tool service providers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global flooring tool market

Detailed Segmentation:

• Global Flooring Tool Market, By Product Type:
  • Knee Pads
  • Floor Stripping Machines
  • Floor Sanders & Edger’s
  • Tile Saws
  • Wood & laminate cutters
  • Tile Cutters & Scoring Wheels
  • Floor Nailers & Staplers
  • Others
• Global Flooring Tool Market, By Application:
  • Commercial
  • Residential
  • Industrial
  • Others
• Global Flooring Tool Market, By Distribution Channel:
  • Mass Retail
  • E-commerce
  • Hardware
  • Industrial
  • Paint Retail
•  Global Flooring Tool Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country:
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East & Africa
    • By Sub-regions :
      • Middle East
      • Africa
• Company Profiles
  • Q.E.P. Co. Inc.*
    • Company Overview
    • Product Portfolio
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Roberts Consolidated Industries Inc.
  • Crain Cutter Co. Inc.
  • Hyde Tools Inc.
  • Better Tools LLC
  • iQ Power Tools
  • Taylor Tools Inc.
  • Rodia Tools.
  • Surface Shields Inc.

“*” marked represents similar segmentation in other categories in the respective section