Floor Coverings

Global Floor Coverings Market to Reach US$111.7 Billion by 2030

The global market for Floor Coverings estimated at US$92.9 Billion in the year 2024, is expected to reach US$111.7 Billion by 2030, growing at a CAGR of 3.1% over the analysis period 2024-2030. Carpets & Area Rugs, one of the segments analyzed in the report, is expected to record a 3.3% CAGR and reach US$45.6 Billion by the end of the analysis period. Growth in the Wooden Flooring segment is estimated at 3.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$25.1 Billion While China is Forecast to Grow at 6.1% CAGR

The Floor Coverings market in the U.S. is estimated at US$25.1 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$22.9 Billion by the year 2030 trailing a CAGR of 6.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.9% and 2.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

Global Floor Coverings Market - Key Trends and Drivers Summarized

Why Is the Floor Coverings Market Experiencing a Resurgence?

Floor coverings have always played a vital role in interior design and construction, offering functionality and aesthetic appeal in residential, commercial, and industrial spaces. The market for floor coverings includes a wide range of products such as carpets, rugs, tiles, laminates, vinyl flooring, hardwood, and stone. The resurgence in the market is attributed to the increasing importance of home aesthetics and the rising trend of home improvement, especially after the global pandemic. Consumers are investing more in home renovations, leading to a surge in demand for high-quality, durable, and stylish floor coverings. Commercial and industrial sectors are also contributing to the market’s growth, driven by the need for functional and low-maintenance flooring solutions. From luxury vinyl tiles (LVT) to eco-friendly bamboo flooring, the industry has diversified significantly, catering to the evolving preferences of consumers worldwide.

How Is the Floor Coverings Market Segmented?

Product types include carpets and rugs, resilient flooring (such as vinyl, rubber, and linoleum), non-resilient flooring (such as stone and ceramic tiles), and wood flooring. Carpets and rugs are popular in residential spaces for their comfort and warmth, while non-resilient flooring is favored in commercial and industrial settings for its durability and ease of maintenance. Resilient flooring, particularly vinyl, has witnessed substantial growth due to its versatility and affordability. Applications span across residential, commercial, and industrial sectors, with the residential segment holding the largest share. However, the commercial segment is gaining traction as businesses invest in modern and sustainable flooring solutions. Distribution channels include retail stores, online platforms, and specialty flooring outlets, with online sales growing rapidly as consumers seek convenience and variety.

What Are the Emerging Trends in Floor Coverings?

Several trends are influencing the floor coverings market, reshaping consumer preferences and driving innovation. One major trend is the shift toward sustainable and eco-friendly flooring options. Consumers are increasingly choosing materials like reclaimed wood, bamboo, and recycled carpet fibers, driven by environmental concerns and a desire for healthier living spaces. The rise of luxury vinyl tiles (LVT) has also transformed the market, offering consumers the look of hardwood or stone at a more affordable price point. Technological advancements, such as 3D printing and digital imaging, have enabled the production of highly realistic and customizable designs. Smart flooring, which integrates sensors for temperature control and lighting, is another emerging trend, particularly in smart homes. Additionally, antimicrobial and stain-resistant treatments have become popular, especially in healthcare and hospitality settings where hygiene is a top priority. The integration of advanced installation systems, such as click-and-lock mechanisms, has also made DIY flooring solutions more accessible.

What Factors Are Driving the Growth in the Floor Coverings Market?

The growth in the floor coverings market is driven by several factors, including the surge in home renovation projects, advancements in flooring technology, and rising demand for sustainable materials. The increasing trend of urbanization and the expansion of residential construction projects have fueled the need for durable and aesthetically pleasing floor coverings. Technological innovations, such as digitally printed vinyl and engineered wood flooring, have expanded product offerings and made flooring more cost-effective and customizable. The shift toward eco-friendly and recyclable materials has also gained momentum, as consumers and businesses prioritize environmental responsibility. The growth of the hospitality and commercial real estate sectors has contributed significantly, as these industries invest in high-quality, low-maintenance flooring solutions. Furthermore, the popularity of e-commerce platforms has made it easier for consumers to explore and purchase a wide range of flooring options, further boosting market growth. The increasing focus on interior design, spurred by social media and lifestyle influencers, has also played a crucial role in driving demand.

SCOPE OF STUDY:

The report analyzes the Floor Coverings market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Carpets & Area Rugs, Wooden Flooring, Other Types); Application (Residential Application, Commercial Application, Industrial Application)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 43 Featured) -

• Baba Flooring Pvt Ltd.
• Ceramiche Atlas Concorde S.P.A.
• Continental Flooring Company
• Crossville, Inc.
• Forbo Flooring Systems
• Gerflor SAS
• Hughes Floor Covering
• Interface, Inc.
• Kajaria Ceramics Ltd.
• Mannington Mills, Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.