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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Flooring Tool Market – Insights

Flooring tool are used for flooring installation, which include carpet stretchers, floor sanders, carpet cleaners, floor scraping machines, and others. The renovation and remodeling activities are booming, as a result of the shift in focus of customers towards home décor. Rising trend of spending on interior and styling of living spaces amongst the consumers is leading to increasing expenditures on home furnishing such as floor coverings, which would add to the aesthetic appeal of the interiors. This shift is supported by rising consumer income levels, changes in lifestyles, and adoption of different cultures, in terms of interior decor, which has further resulted in rising interest of consumers in the interior decoration of their houses and workspaces.

Moreover, under the principals of eco-innovation strategy, companies focus on selection of good materials for designing of flooring tools and creation of new formulations based on materials, which are safe for people and the environment. Under this strategy, the companies also focus on using resources by optimizing and reducing consumption of water, energy, raw materials, and avoid waste. The well-being and health of human beings during usage and maintenance of flooring tools is also ensured.

Cutting wet tiles using tile cutter is the most common method used in the tile industry. However, most of the tile installers that use wet tile cutter are facing challenges such as location to setup the electric tile cutter, water source for wet cutting, and consumes more time for cutting. Therefore, factors such as improper disposal of contaminated and slurry water, setup time, and high cost are the restraining factors of wet tile cutter that are expected to hamper growth of the flooring tools market over the forecast period.

The global flooring tool market was valued at US$ 1,175.7 Mn in 2018, and is expected to exhibit a CAGR of 4.4%, in terms of revenue, over the forecast period (2019-2027), to reach US$ 1,731.2 Mn by 2027.

Among regions, Asia Pacific accounted for the largest revenue share of 35.8% in the global flooring tool market in 2018. Moreover, Asia Pacific is expected to record fastest growth in terms of revenue and is expected to exhibit a CAGR of 5.5% during the forecast period (2019-2027), owing to growth of the construction sector in the region.

Figure 1. Global Flooring Tool Market Share (%), By Region, 2018

Flooring Tool  | Coherent Market Insights

Source: Coherent Market Insights, 2018-19

In 2018, Europe accounted for the second largest revenue share in the global flooring tools market. Europe flooring tool market is expected to witness significant growth over the forecast period, owing to rapid expansion of real estate sector, which comprises construction of residential buildings and increasing remodeling and renovation activities. For instance, in 2018, the Government of Germany announced its plan of constructing around 1.5 million housing units by 2021.

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

Among channel, mass retail segment accounted for the largest revenue share in the global flooring tool market in 2018. Whereas, e-commerce segment is expected to witness CAGR of 5.4% during 2019 to 2027. E-commerce segment offers options such as free shipping, home delivery, on-time delivery, and easy exchange and return in addition to discounts, which are expected to drive growth of the segment. Variety of flooring tools are available online at reasonable prices. Customers mostly prefer purchasing through e-commerce channels due to busy lifestyle.

Figure 2. Global Flooring Tool Market Share (%), By Channel, 2018

Flooring Tool  | Coherent Market Insights

Source: Coherent Market Insights, 2018-19

Furthermore, through e-commerce channels, customers can receive the product at their doorstep. Consumers have the option of comparing prices of different products on different websites and can choose from various available options.

Key companies operating in the global flooring tool market include Q.E.P. Co., Inc., Roberts Consolidated Industries, Inc., Crain Cutter Co., Inc., Hyde Tools, Inc., Better Tools LLC, and iQ Power Tools.

Flooring tool are equipment that are used for flooring installation. Some of the flooring tool 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.

Major players operating in the market are focusing on adopting various growth strategies such as new product launch and expanding global presence, in order to maintain their position in the global market. For instance, in January 2019, Hyde Tools, Inc. 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.

Market Dynamics

Flooring tool market is majorly driven by the growth of end-use industries such as construction coupled with increasing usage of flooring tool in these industries. Based on channel, in 2018, 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.

Among regions, in 2018, 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.

Key features of the study:

  • This report provides in-depth analysis of global flooring tool market and provides market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2019-2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or product approvals, regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global blade 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, and iQ Power Tools
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their 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, producers, 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 Channel:
    • Mass Retail
    • E-commerce
    • Hardware
    • Industrial
    • Paint Retail
  • Global Flooring Tool Market, By Region:
    • North America
      • U.S.
        • By Channel:
          • Mass Retail
          • E-commerce
          • Hardware
          • Industrial
          • Paint Retail
      • Canada
        • By Channel:
          • Mass Retail
          • E-commerce
          • Hardware
          • Industrial
          • Paint Retail
    • Latin America
      • Brazil
        • By Channel:
          • Mass Retail
          • E-commerce
          • Hardware
          • Industrial
          • Paint Retail
      • Argentina
        • By Channel:
          • Mass Retail
          • E-commerce
          • Hardware
          • Industrial
          • Paint Retail
      • Mexico
        • By Channel:
          • Mass Retail
          • E-commerce
          • Hardware
          • Industrial
          • Paint Retail
      • Rest of Latin America
        • By Channel:
          • Mass Retail
          • E-commerce
          • Hardware
          • Industrial
          • Paint Retail
    • Europe
      • U.K.
        • By Channel:
          • Mass Retail
          • E-commerce
          • Hardware
          • Industrial
          • Paint Retail
      • Germany
        • By Channel:
          • Mass Retail
          • E-commerce
          • Hardware
          • Industrial
          • Paint Retail
      • France
        • By Channel:
          • Mass Retail
          • E-commerce
          • Hardware
          • Industrial
          • Paint Retail
      • Italy
        • By Channel:
          • Mass Retail
          • E-commerce
          • Hardware
          • Industrial
          • Paint Retail
      • Spain
        • By Channel:
          • Mass Retail
          • E-commerce
          • Hardware
          • Industrial
          • Paint Retail
      • Russia
        • By Channel:
          • Mass Retail
          • E-commerce
          • Hardware
          • Industrial
          • Paint Retail
      • Rest of Europe
        • By Channel:
          • Mass Retail
          • E-commerce
          • Hardware
          • Industrial
          • Paint Retail
    • Asia Pacific
      • China
        • By Channel:
          • Mass Retail
          • E-commerce
          • Hardware
          • Industrial
          • Paint Retail
      • India
        • By Channel:
          • Mass Retail
          • E-commerce
          • Hardware
          • Industrial
          • Paint Retail
      • Japan
        • By Channel:
          • Mass Retail
          • E-commerce
          • Hardware
          • Industrial
          • Paint Retail
      • ASEAN
        • By Channel:
          • Mass Retail
          • E-commerce
          • Hardware
          • Industrial
          • Paint Retail
      • South Korea
        • By Channel:
          • Mass Retail
          • E-commerce
          • Hardware
          • Industrial
          • Paint Retail
      • Australia
        • By Channel:
          • Mass Retail
          • E-commerce
          • Hardware
          • Industrial
          • Paint Retail
      • Rest of Asia Pacific
        • By Channel:
          • Mass Retail
          • E-commerce
          • Hardware
          • Industrial
          • Paint Retail
    • Middle East & Africa
      • Middle East
        • By Channel:
          • Mass Retail
          • E-commerce
          • Hardware
          • Industrial
          • Paint Retail
      • Africa
        • By Channel:
          • Mass Retail
          • E-commerce
          • Hardware
          • Industrial
          • Paint Retail
  • Company Profiles
    • E.P. Co., Inc.*
      • Company Overview
      • Product Portfolio
      • Financial
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Roberts Consolidated Industries, Inc.
    • Crain Cutter Co., Inc.
    • Hyde Tools, Inc.
    • Better Tools LLC
    • iQ Power Tools

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

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Channel
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • PEST Analysis
      • PORTER’s Analysis
      • Market Trends
      • Key Developments
      • Merger & Acquisition Scenario
      • Overview of the Parent Industry
  4. Global Flooring Tool Market, By Channel, 2017 - 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Mass Retail
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn)
    • E-commerce
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn)
    • Hardware
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn)
    • Industrial
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn)
    • Paint Retail
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Mn)
  5. Global Flooring Tool Market, By Region, 2017 - 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, For Region, 2019 - 2027
    • North America
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Channel, 2017 - 2027 (US$ Mn)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Channel, 2017 - 2027 (US$ Mn)
    • Latin America
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Channel, 2017 - 2027 (US$ Mn)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Channel, 2017 - 2027 (US$ Mn)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Channel, 2017 - 2027 (US$ Mn)
        • Rest of Latin America
          • Sub-region/ Country Trends
          • Market Size and Forecast, By Channel, 2017 - 2027 (US$ Mn)
    • Europe
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Channel, 2017 - 2027 (US$ Mn)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Channel, 2017 - 2027 (US$ Mn)
        • France
          • Country Trends
          • Market Size and Forecast, By Channel, 2017 - 2027 (US$ Mn)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Channel, 2017 - 2027 (US$ Mn)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Channel, 2017 - 2027 (US$ Mn)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Channel, 2017 - 2027 (US$ Mn)
        • Rest of Europe
          • Sub-region/ Country Trends
          • Market Size and Forecast, By Channel, 2017 - 2027 (US$ Mn)
    • Asia Pacific
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Channel, 2017 - 2027 (US$ Mn)
        • India
          • Country Trends
          • Market Size and Forecast, By Channel, 2017 - 2027 (US$ Mn)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Channel, 2017 - 2027 (US$ Mn)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Channel, 2017 - 2027 (US$ Mn)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Channel, 2017 - 2027 (US$ Mn)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Channel, 2017 - 2027 (US$ Mn)
        • Rest of Asia Pacific
          • Sub-region/ Country Trends
          • Market Size and Forecast, By Channel, 2017 - 2027 (US$ Mn)
    • Middle East & Africa
      • Market Share Analysis, By Sub-region, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Sub-region, 2019 - 2027
        • Middle East
          • Sub-region Trends
          • Market Size and Forecast, By Channel, 2017 - 2027 (US$ Mn)
        • Africa
          • Sub-region Trends
          • Market Size and Forecast, By Channel, 2017 - 2027 (US$ Mn)
  6. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
    • Company Profiles
      • Q.E.P. Co., Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Roberts Consolidated Industries, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Crain Cutter Co., Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Hyde Tools, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Better Tools LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • iQ Power Tools       
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  7. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 30 market data tables and 20 figures on "Flooring Tool Market - Global forecast to 2027”.

Frequently Asked Questions

The global flooring tool market is estimated to reach US$ 1,731.2 Mn by 2027.
Major players operating in the global flooring tool market include Q.E.P. Co., Inc., Roberts Consolidated Industries, Inc., Crain Cutter Co., Inc., Hyde Tools, Inc., Better Tools LLC, and iQ Power Tools.
Improper disposal of contaminated and slurry water, setup time, and high cost are the restraining factors of wet tile cutter and is one of the major factors that is expected to hamper growth of the market over the forecast period.
Rising trend of spending on interior and styling of living spaces is leading to increasing expenditures on home furnishing such as floor coverings, and is one of the major factors that is expected to propel growth of the market over the forecast period.
The global flooring tool market is estimated toexhibit a CAGR of 4.4%, in terms of revenue, over the forecast period (2019-2027).
Among regions, Asia Pacific held a dominant position in the global flooring tool market in 2018, accounting for 35.8% market share.
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