The Indian Flooring market is expected to be 705Mn square-metres in 2015 and growing at 15-20% YOY. The permanent floor market is still only 65% of the market. Of this the traditional floors i.e. stone, marble, tiles etc. form the major portion of the market. The Wooden Floor market is only at 3% valued at 1,100crores. The commercial sector forms 60% of the market. Over 80% of the wooden flooring in India is imported and this is true even for the laminated floors.
The laminated market is about 45% of this. This market is growing at a faster rate of 30% for the last few years due increase in disposable incomes and increasing interest in “Fashionable and Western” style housing. The middle class and commercial spaces have been the biggest consumers due to an attractive price range of INR 75-250 per square feet. The biggest challenge this segment is facing is the cheap imports from China, which however are of a very low quality leading to dissatisfaction and bad word of mouth. Get trade quality DIY and home improvement products from wood2u.co.uk.Comments Off