Flooring Market By Printing Type (Digital, Traditional), By Material (Wood, Stone, Ceramic, Laminate, Others), By End User (Residential, Non-residential): Global Opportunity Analysis and Industry Forecast, 2021-2031
The flooring market was valued at $320,289 million in 2021 and is projected to reach $558,208 million by 2031, registering a CAGR of 5.6% from 2022 to 2031. Flooring material is a building material used to construct floors in residential, commercial, and industrial buildings. It comes in a wide range of materials, colors, and shapes. Flooring is installed during the construction of a new building or during the renovation of an existing structure. It improves the interior of the infrastructure and its functionality.
The availability of different styles of flooring solutions to match any interior and exterior setting of a house extend the desirability of flooring solutions.
The fast growth of the population, combined with the construction of new business centers, such as offices, factories, warehouses, sports complexes, hospitality, and healthcare, has prompted the deployment of compact and efficient decor systems. The restoration business continues to benefit from a strong housing market, which includes rise in home building, sales, and equity. Moreover, rise in expenditure by governments and private construction companies on remodeling and repairing of houses has created demand for indoor flooring products, and hence such factor is anticipated to drive the market growth.
Furthermore, the increased focus on sustainable development is driving the demand for flooring solutions that are relatively eco-friendly. This has encouraged key players to innovate and develop ecofriendly floorings, thereby providing lucrative growth opportunities.
The global flooring market is segmented on the basis of printing type, material, end-user industry, and region. By printing type, the market is bifurcated into digital and traditional. On the basis of material, the market is categorized into wood, stone, ceramic, laminate, and others. Furthermore, by end-user industry, it is categorized into residential and non-residential. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as product launches, business expansion, product development, and acquisitions to strengthen their market outreach and sustain the stiff competition in the market.
Competition Analysis
Key companies profiled in the flooring market report include, Armstrong Flooring, AZEK Company, Beaulieu International Group, Citadel Floors, Ebaco India Pvt. Ltd., ECORE International, Inc., Fiberon, Forbo Flooring, Gerflor, Interface Inc., Iron Woods, Mats Inc., Milliken and Company, Mohawk Industries Inc., Shaw Industries, Tarkett S.A., and Toli Corporation.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the flooring market analysis from 2021 to 2031 to identify the prevailing flooring market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the flooring market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global flooring market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Printing Type
Digital
Traditional
By Material
Wood
Stone
Ceramic
Laminate
Others
By End User
Residential
Location
Indoor
Outdoor
Non-residential
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest Of Asia Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
ARMSTRONG FLOORING
AZEK Company
Beaulieu International Group
Citadel Floors
Ebaco India Pvt. Ltd.
ECORE International, Inc.
Fiberon,
FORBO FLOORING
Interface Inc.
Iron Woods
Mats Inc.
Milliken and Company
Mohawk Industries, Inc.
Shaw Industries
Tarkett S.A.
Toli Corporation
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