The flooring industry has a positive outlook for the coming years. It is estimated that the worldwide flooring market will be worth USD 545.6 Billion by 2025, growing at a compound annual growth rate of 5.2%. The market is driven by increased spending by consumers on better flooring options and a shift in preference towards durable and aesthetic materials. Innovations in technology such as the introduction of automated flooring systems and the use of improved raw materials are also driving growth in the industry. Furthermore, projects such as renovation and refurbishments of existing buildings, specifically those used for commercial spaces, are expected to provide a significant source of revenue in the near future.
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