The global flooring tool market was valued at US$ 1,175.7 Mn in 2018, according to Global Flooring Tool Market Report, by Channel (Mass Retail, E-commerce, Hardware, Industrial, and Paint Retail), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights
The global flooring tool market was valued at US$ 1,175.7 Mn in 2018 and is expected to record a CAGR of 4.4% over the forecast period (2019-2027). Factors such as increasing usage of flooring tool by construction industry, owing to advantages offered are expected to boost growth of the flooring tool market over the forecast period.
Flooring tools include tile saw, tile blades, tile cutters, tile hand tools, scrapers & blades, tile rollers, tile tapping blocks, nailers & staplers, and straps and clamps among others. These tools provide ease and convenience in installing flooring materials in various residential as well as industrial applications such as removing specific floor type or installation and maintenance of new tiles. For instance, tools for vinyl flooring are specifically designed, in order to assist in the installation of vinyl flooring, with the help of handy and light weight flooring tool. Flooring tool save time, lowers labor cost, and increases efficiency of flooring installation activities. Therefore, factors such as advantages offered by flooring tool, and convenience and efficiency in flooring installation are expected boost its demand over the forecast period.
Players operating in the flooring tool market are focused on offering high quality flooring tool, in order to attract consumer base. For instance, DTA Australia, a supplier of floor tools & accessories, offers a wide range of tools that finds application in installing vinyl, timber laminate, and carpet flooring. Moreover, DTA tools are available in retail outlets and they are also supplied from the state warehouse.
However, lack of skilled labor in order to handle flooring tool is expected to hinder the growth of the market over the forecast period.
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