Global Flooring Market Size Study, by Material (Resilient, Non-Resilient [Ceramic Tiles, Wood, Laminate, Stone], Soft Floor Covering), by End Use Industry (Residential, Non-Residential), and Regional Forecasts 2022-2032

Global Flooring Market Size Study, by Material (Resilient, Non-Resilient [Ceramic Tiles, Wood, Laminate, Stone], Soft Floor Covering), by End Use Industry (Residential, Non-Residential), and Regional Forecasts 2022-2032

The Global Flooring Market, valued at approximately USD 331.9 billion in 2023, is projected to grow at a robust compound annual growth rate (CAGR) of 9.00% during the forecast period 2024 to 2032. Flooring solutions have become integral to both residential and commercial infrastructure, not only enhancing aesthetic appeal but also offering durable and sustainable alternatives to meet diverse consumer demands. With advancements in material engineering and a burgeoning demand for sustainable building solutions, the flooring industry is undergoing significant transformation, catering to evolving market trends.

The rapid pace of urbanization and construction activities globally, particularly in emerging economies, has been a driving force behind the market's growth. A surge in demand for durable and aesthetically pleasing flooring options, coupled with advancements in resilient and non-resilient materials like ceramic tiles, wood, and laminates, underscores the market’s dynamic expansion. Moreover, innovations in eco-friendly and technologically advanced flooring solutions, such as antimicrobial coatings and energy-efficient designs, are poised to amplify adoption across residential and non-residential applications.

Despite the promising growth trajectory, challenges persist in the form of fluctuating raw material prices and stringent regulatory requirements for manufacturing. However, the growing preference for soft floor coverings and resilient materials, known for their ease of maintenance and energy efficiency, presents lucrative opportunities for market players. Additionally, the increasing focus on renovation and refurbishment activities, particularly in developed regions, is expected to propel the market further.

Regionally, North America continues to dominate the global flooring market, benefiting from the extensive adoption of advanced construction materials and technologies. Europe follows closely, driven by an emphasis on sustainable building practices and stringent energy efficiency norms. Meanwhile, the Asia-Pacific region is anticipated to emerge as the fastest-growing market, fueled by rapid urbanization, increased infrastructure investments, and government initiatives promoting affordable housing in countries such as China and India.

Major market players included in this report are:
• Mohawk Industries Inc.
• Shaw Industries Group Inc.
• Tarkett S.A.
• Interface Inc.
• Forbo Holding AG
• Armstrong Flooring Inc.
• Gerflor Group
• Mannington Mills Inc.
• Beaulieu International Group
• LG Hausys
• Balta Industries NV
• Polyflor Ltd.
• Swiss Krono Group
• Victoria PLC
• Kronospan Holdings Ltd.

The detailed segments and sub-segment of the market are explained below:

By Material
• Resilient
• Non-Resilient

o Ceramic Tiles

o Wood

o Laminate

o Stone
• Soft Floor Covering

By End Use Industry
• Residential
• Non-Residential

By Region: North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approaches.
• Analysis of the competitive structure of the market.
• Demand-side and supply-side analysis of the market.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.