Industrial Flooring Market Adapting to Changing Customer Expectations

Increasing Demand of Repair and Maintenance

Industrial Flooring surfaces undergo periodic wear and tear during processes and operations involved in various end user industries. Subsequently, it raises the need for repair and maintenance, and increases the scope of the Industrial Flooring market. The unique characteristic properties of Industrial Flooring offer various advantages over traditional flooring. It helps in shifting preference towards Industrial Flooring. Thus, the Industrial Flooring market is not only dependent on new industrial construction, but demand from refurbishment, repair and maintenance of existing facilities is also a key revenue system for the Indian Industrial Flooring market.

Focus on Pharmaceutical & Biotechnology Industry

Stringent government regulations are revolving around manufacturing of products and maintenance of hygiene and safety in pharmaceutical and biotechnology industries have resulted in more attention being given to manufacturing processes as well as workplace environment and facilities. Even a minor contamination during product manufacturing may lead to hazardous health issues.

In these industries, more emphasis is given to proper hygiene and providing protective environment for production and research and development activities. Therefore, it is expected that demand for Industrial Flooring will increase along with the growth of pharmaceutical and biotechnology industries during the forecast period, providing new opportunities for players in the Industrial Flooring market.

The Key Challenges

High Cost of Industrial Flooring

The cost of Industrial Flooring varies and depends on the thickness of the material and the service supplier used. Generally, it is seen that the average cost of Industrial Flooring typically turns out to be greater than the cost of Conventional Flooring for end use industries. High Flooring costs have adverse impact upto some degrees on the growth of the Industrial Flooring Industry. Mostly, the manufacturers focus on making floor that can survive heavy duty activities, and its cost is very high. Experts believe that these factors can severely limit the growth of the demand for Industrial Flooring.

Impact of COVID-19

The pandemic has affected the business of Industrial Flooring on a vast scale for at least five months during 2020. It has forced builders and contractors to delay or cancel many construction projects which led to a millions and billions of losses. Also, due to lockdown, many construction projects have been cancelled. These cancelled and delayed projects have led to decrease in demand for Industrial Flooring up to some extent.

The Way Forward

The Indian Industrial Flooring Industry is moving beyond preconceived notions. The Indian market is estimated to witness steady growth owing to its increasing use in various industrial set-ups. India is anticipated to witness a very high growth in the coming future in Industrial Flooring and is projected to dominate the industrial Flooring market. The companies are constantly upgrading their offerings to meet the growing demand in various segments such as airports, metro-rail projects and shopping malls. Contractors and builders are considerably cutting down the under construction time by using new construction technologies and construction aids.