Flooring Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Flooring Market
The global flooring market size was valued at USD 376.44 billion in 2022 and is projected to grow from USD 395.19 billion in 2023 to USD 579.40 billion by 2030, exhibiting a CAGR of 5.6% during the forecast period from 2023-2030.
The COVID-19 pandemic appreciably disrupted the flooring marketplace, as creation assignment delays globally led to a decreased intake of completing substances, impacting flooring market size. The market shrank because of introduction activity being hampered by lockdowns and a lack of materials. However, authorities spending on scientific facilities stimulated the post-pandemic market restoration.
The speedy growth of the construction and construction industry globally is a key driving force of flooring market growth. With the urbanization increasing, there is a greater demand for production materials including hardwood floors, carpets, and tiles.
Rise of sustainable merchandise crafted from recycled materials is one major trend within the floors market. Take natural and recycled carpets, for example; their call is hovering thanks to cost-effectiveness and the push for inexperienced manufacturing backed with the aid of governments within the U.S. And the U.K.
Comprehensive Analysis of Flooring Market
Segmentation in the Flooring market share is driving the market because it allows companies to target specific customer groups with tailored services and solutions. There are several different kinds of flooring materials: resilient vinyl (such as luxury vinyl tiles, vinyl composite tiles, and vinyl sheet flooring), rubber, linoleum, and cork, and non-resilient types like ceramic, wood, laminate, and others. Another important category is carpets and rugs, which come in tufted, woven, and various styles. These materials provide possibilities for residences as well as commercial areas, serving both residential and non-residential applications.
Asia Pacific leads the floors market due to rapid industrialization and good sized investments in creation, particularly in China, India, and Southeast Asia. China, with its booming population and infrastructure desires, spearheads the area's increase trajectory.
Key players in the market drive innovation and set industry standards through their advanced technologies and extensive market presence. Their strategic partnerships and investments play a crucial role in shaping the competitive landscape and driving market growth. These are Mohawk Industries (U.S.), Shaw Industries Group (U.S.), TARKETT S.A. (France), Armstrong Flooring (U.S.), Forbo Flooring Systems (Netherlands), Gerflor (France), Interface (U.S.), Beaulieu International Group (Belgium), Toli Corporation (Japan), Milliken & Company (U.S.), Congoleum (U.S.), Flowcrete (U.K.), James Halstead (U.K.), The Dixie Group (U.S.), Victoria PLC (U.K.), Mannington Mills (U.S.), Swiss Krono (Switzerland), LX Hausys (South Korea), Parador GmBH (Germany), Kajaria Ceramics (India), Engineered Floors (U.S.), MBB - Ihr Bodenausstatter GmbH (Germany), Altro Limited (England), Welspun Group (India), Avant Holding (UAE), Twintec Group Limited (Germany), Mirage (Canada).
In May 2023, Shaw Industries unveiled its initiative to implement cutting-edge solar technology in its carpet tile production plant. This strategic pass underscores the enterprise's determination to sustainability, aiming to decrease its carbon footprint and foster a greener the next day for generations to come back.
Segementation Table
Global Fleet Management Market Scope
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
CAGR (2023-2030) CAGR of 5.6% from 2023 to 2030
Unit Value (USD Billion) and Volume (Million sq. m.)
Segmentation By Type
Non-Resilient
- Ceramic
- Wood
- Laminate
- Others
Resilient
- Vinyl
■ Luxury Vinyl Tiles
■ Vinyl Composite Tiles
■ Vinyl Sheet Flooring
- Rubber
- Linoleum
- Cork
Carpets & Rugs
- Tufted
- Woven
- Others
By End-use
Residential
Non-Residential
By Geography
North America (By Type and End-use)
- U.S. (By Type and End-use)
- Mexico (By Type and End-use)
- Canada (By Type and End-use)
Europe (By Type and End-use)
- Germany (By Type and End-use)
- France (By Type and End-use)
- Spain (By Type and End-use)
- Italy (By Type and End-use)
- U.K. (By Type and End-use)
- Russia (By Type and End-use)
- Poland (By Type and End-use)
- Denmark (By Type and End-use)
- Norway (By Type and End-use)
- Sweden (By Type and End-use)
- Finland (By Type and End-use)
- Rest of Europe (By Type and End-use)
Asia Pacific (By Type and End-use)
- China (By Type and End-use)
- India (By Type and End-use)
- Vietnam (By Type and End-use)
- Indonesia (By Type and End-use)
- Philippines (By Type and End-use)
- South Korea (By Type and End-use)
- Thailand (By Type and End-use)
- Rest of Asia Pacific (By Type and End-use)
South America (By Type and End-use)
- Brazil (By Type and End-use)
- Argentina (By Type and End-use)
- Rest of South America (By Type and End-use)
Middle East & Africa (By Type and End-use)
- South Africa (By Type and End-use)
- GCC (By Type and End-use)
- Rest of Middle East & Africa (By Type and End-use)
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