Indoor Flooring Market By Type (Ceramic Tiles, Carpet, Vinyl, Linoleum & Rubber, Wood & Laminate, Others), By Construction Type (New Construction, Renovation), By End-User (Residential, Commercial & Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2030
The indoor flooring market size was valued at $1,33,288.0 million in 2021, and is projected to reach $2,26,305.0 million by 2031, registering a CAGR of 5.4% from 2022 to 2031. Indoor flooring materials are building materials used to construct floors in residential, commercial, and industrial buildings. Indoor flooring is installed during the construction of a new building or the renovation of an existing structure. Indoor flooring improves the infrastructure's interior. Indoor flooring is offered in a wide range of materials, colors, and shapes. 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 system. The restoration business continues to benefit from a strong housing market, which includes rise in home building, sales, and equity. Moreover, the rising expenditure by governments and private construction companies in remodeling and repairing of houses has created demands for indoor flooring products and hence such factor will drive the market growth. Moreover, according to a Harvard Joint Centre for housing studies article published in January 2021, the growth of house remodeling and repair expenditures has increased from 3.5% in 2020 to 3.8% in 2021, based on the most recent Leading Indicator of Remodeling Activity (LIRA). In addition, various governments are investing in the residential sector in response to the rise in population and improved living conditions. Several incentive schemes for efficient residential structures and refurbishment were modified and relaunched at the start of 2021 to help fulfil these goals. As a result of the increase in population, these expenditures in the building sector are expected to enhance the use of indoor flooring, resulting in market growth.
The market is segmented on the basis of material type, construction type, end user, and region. On the basis of type, the market is divided into ceramic tiles, carpet, vinyl, linoleum, & rubber, wood laminate, and others. On the basis of construction type, the market is divided into new construction and renovation. On the basis of end user, the market is divided into residential and industrial & commercial. Region-wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition Analysis
The key players that operating in the Indoor Flooring Market are Armstrong Flooring, Inc., Beaulieu International Group, Ecore International, Forbo International SA, Interface, Inc., Mats Inc., Mohawk Industries, Inc., Shaw Industries Group, Inc., Tarkett, and Toli Corporation.
Key Benefits For Stakeholders
The report provides an extensive analysis of the current and emerging market trends and dynamics.
In-depth market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
Extensive analysis of the indoor flooring market is conducted by following key product positioning and monitoring of top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The indoor flooring market forecast analysis from 2022 to 2031 is included in the report.
The key players with in indoor flooring market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the indoor flooring industry.
Key Market Segments
By Type
Wood Laminate
Others
Ceramic Tiles
Carpet
Vinyl, Linoleum Rubber
By Construction Type
New Construction
Renovation
By End-User
Residential
Commercial Industrial
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Russia
U.K.
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest Of Asia Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Armstrong Flooring, Inc.
Beaulieu International Group
Ecore International
Forbo International SA
Interface, Inc.
Mats Inc.
Mohawk Industries, Inc.
Shaw Industries Group, Inc.
Tarkett
Toli Corporation
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