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Report Outlook
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 448.7 billion | 3.68% | Asia Pacific |
| By End-Use, | By Materials | By Region |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Flooring Market Overview
The global flooring market is expected to grow at a 3.68% CAGR from 2020 to 2029. It is expected to reach above USD 448.7 billion by 2029 from USD 324.2 billion in 2020.
Flooring serves as a finishing material applied atop a floor or subfloor structure to provide a walking surface, offering characteristics such as scratch, dent, and moisture resistance, along with easy maintenance. Predominantly utilized products encompass ceramic tiles, vinyl tiles, carpets, and laminates, renowned for furnishing floors with smooth, clean, durable, and visually appealing surfaces. These attributes incentivize consumers to incorporate these products in both residential and non-residential building projects, be it for development or renovation purposes. The burgeoning demand for new construction endeavors and the escalating requirements for residential, commercial, and healthcare infrastructures are expected to propel market expansion.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | USD Millions |
| Segmentation | By Material, By End-Use |
| By Material |
|
| By End-Use |
|
| By Region |
|
The upsurge in population engenders a concomitant rise in housing demand, thereby necessitating flooring materials in residential construction ventures, whether in the context of new developments or refurbishments. Additionally, the ongoing urbanization trend drives the construction of various urban infrastructures such as roads, bridges, airports, railway stations, and public spaces, all of which mandate the use of flooring materials, thus fostering market growth.
The global population surge, which surpassed eight billion in the early stages of 2023 and is projected to double by 2050, amplifies the demand for both residential and non-residential construction activities. This demographic expansion and urbanization phenomenon have significantly expanded the construction industry’s footprint, resulting in heightened demand for products such as tiles, carpets, rugs, and hardwood floors, owing to their extensive applicability in construction projects. These products are selected based on specific requirements.
Emerging economies like China, India, and other ASEAN countries have witnessed substantial enhancements in living standards and household purchasing power over recent decades, catalyzing a surge in demand for modern surface coverings, including carpets and rugs. This trend, coupled with increased spending and the burgeoning regional construction sector, is anticipated to spur the initiation of new infrastructure and construction projects during the forecast period.
Flooring Market Segment Analysis
On the basis of end-use, the flooring market is segmented into residential, non-residential. In 2020, the residential application segment led the market, accounting for more than 54% of global revenue. High disposable income levels and an increase in the number of single-family houses in developing economies are two key factors driving the segment growth. The favorable growth of the housing sector in emerging markets such as South Africa, Turkey, India, China, and Middle Eastern countries due to the easy availability of home loans is expected to have a positive impact on segment growth over the forecast period. Furthermore, advancements in installation services are expected to drive the industry’s growth.
Rising demand for highly durable and cost-effective flooring for use in high-traffic commercial areas is expected to drive growth in the commercial application segment over the forecast period. The commercial segment is also being driven by the development of new products and simple installation techniques. Expansion of modern offices and workspaces increased commercial space renovation activity, and rapid industrialization in developing economies are all expected to drive segment growth.
Based on material the flooring market is divided into carpets & rugs, resilient (vinyl, cork, linoleum, rubber, resin), non-resilient (ceramic, stone, wood, laminate)). Due to an increase in residential and commercial construction activities around the world, the non-resilient flooring segment led the market and accounted for more than 61 percent of global revenue in 2020.
Due to the high demand for these products’ excellent water resistance and durability, the segment will maintain its leading position throughout the forecast period. Because of the high demand for these materials in commercial applications such as offices, gyms, fitness centers, hospitality buildings, and others, the resilient flooring segment is expected to grow at the fastest CAGR. Because of their ease of maintenance and noise-reduction capabilities, these products are cost-effective and durable, making them ideal for use in high-traffic residential and commercial areas.
Ceramic and natural stone are popular building materials. In the industrial environment, seamless flooring is used to cover a large floor area with resins and concrete materials. Maintenance and installation of seamless flooring are less expensive compared to its counterparts.
Flooring Market Players
From large companies to small ones, many companies are actively working in the flooring market. These key players include Mohawk Industries, Shaw Industries, Tarkett, Armstrong Flooring, Forbo, Gerflor, Interface Beaulieu International, TOLI Corporation, Milliken & Company, and others.
Companies are mainly in flooring they are competing closely with each other. Innovation is one of the most important key strategies as it has to be for any market. However, companies in the market have also opted for and successfully driven inorganic growth strategies like mergers & acquisitions, and so on.
- In January 2018, Tarkett increased its LVT (Luxury Vinyl Tiles) production capacity in Europe and North America by USD 85.9 million over the next three years to meet the growing demand for vinyl modular flooring. The investment will help to improve the sustainability and efficiency of manufacturing. In the United States, approximately USD 60 million will be invested in two manufacturing facilities in Florence, AL, while in Europe, investments will be made in Poland and Luxembourg.
- In November 2017, Mohawk Industries has agreed to buy Godfrey Hirst Group (Australia), Australia’s largest carpet manufacturer, in order to expand its global operations. Godfrey Hirst’s manufacturing, marketing, and distribution leadership will complement and strengthen Mohawk’s current hard surface distribution and product portfolio. This transaction is expected to be completed in 2018.
Who Should Buy? Or Key Stakeholders
- Suppliers
- Manufacturing companies
- Research institutes
- Others
Key Takeaways:
- The global flooring market is expected to grow at a 3.68% CAGR.
- Based on end-use, the residential application segment led the market, accounting for more than 54% of global revenue.
- Based on material, the non-resilient flooring segment led the market and accounted for more than 61 % of global revenue.
- Asia Pacific shares 37% of the total market.
- Growing preference for sustainable and low-maintenance flooring options driving market demand.
Flooring Market Regional Analysis
The flooring market by region includes Asia-Pacific (APAC), North America, Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and the Rest of MEA
Its major share is occupied by Asia Pacific, North America, and Europe region. Asia Pacific shares 37% of the total market.
Key Market Segments: Flooring Market
Flooring Market by End-Use, 2020-2029, (USD Millions)
- Residential
- Non-Residential
Flooring Market by Materials, 2020-2029, (USD Millions)
- Resilient Flooring
- Vinyl (LVT, VCT, Vinyl Sheet, And Fiberglass)
- Others (Cork, Linoleum, Rubber, And Resin)
- Non-Resilient Flooring
- Ceramic Tiles
- Wood
- Laminate
- Stone
- Others (Bamboo And Terrazzo)
- Carpets & Rugs
Flooring Market by Region, 2020-2029, (USD Millions)
- North America
- Europe
- Asia Pacific
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered.
Key Question Answered
- What are the growth opportunities related to the adoption of flooring across major regions in the future?
- What are the new trends and advancements in the flooring market?
- Which product categories are expected to have the highest growth rate in the flooring market?
- Which are the key factors driving the flooring market?
- What will the market growth rate, growth momentum, or acceleration the market carries during the forecast period?
Table of Content
- Introduction
- Market Definition
- Market Segmentation
- Research Timelines
- Assumptions and Limitations
- Research Methodology
- Data Mining
- Secondary Research
- Primary Research
- Subject-Matter Experts’ Advice
- Quality Checks
- Final Review
- Data Triangulation
- Bottom-Up Approach
- Top-Down Approach
- Research Flow
- Data Sources
- Data Mining
- Executive Summary
- Market Overview
- Global Flooring Market Outlook
- Market Drivers
- Market Restraints
- Market Opportunities
- Impact of Covid-19 On Global Flooring Market
- Global Flooring Market Outlook
- Global Flooring Market by End-Use, (USD Million)
- Residential
- Non-residential
- Global Flooring Market by Material, (USD Million)
- Resilient flooring
- Vinyl (LVT, VCT, vinyl sheet, and fiberglass)
- Others (Cork, linoleum, rubber, and resin)
- Non-resilient flooring
- Ceramic tiles
- Wood
- Laminate
- Stone
- Others (Bamboo and terrazzo)
- Carpets & rugs
- Global Flooring Market by Region, (USD Million)
- Introduction
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- South-East Asia
- Rest of Asia-Pacific
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Russia
- Rest of Europe
- South America
- Brazil
- Argentina
- Colombia
- Rest of South America
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
- Company Profiles* (Business Overview, Company Snapshot, Materials Offered, Recent Developments)
-
- Mohawk Industries
- Shaw Industries
- Tarkett
- Armstrong Flooring
- Forbo
- Gerflor
- Interface
- Beaulieu International
- TOLI Corporation
- Milliken & Company *The Company List Is Indicative
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL FLOORING MARKET BY REGION (USD MILLIONS) 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â UK FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â UK FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â UK FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â UAE FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â UAE FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â UAE FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA FLOORING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA FLOORING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA FLOORING MARKET BY END USER (USD MILLIONS) 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL FLOORING MARKET BY MATERIAL, USD MILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL FLOORING MARKET BY END-USE, USD MILLION, 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL FLOORING MARKET BY REGION, USD MILLION, 2020-2029
FIGURE 11            PORTER’S FIVE FORCES MODEL
FIGURE 12Â Â Â Â Â Â Â Â Â Â Â Â FLOORING MARKET BY REGION 2020
FIGURE 13Â Â Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 14Â Â Â Â Â Â Â Â Â Â Â Â MOHAWK INDUSTRIES: COMPANY SNAPSHOT
FIGURE 15Â Â Â Â Â Â Â Â Â Â Â Â SHAW INDUSTRIES: COMPANY SNAPSHOT
FIGURE 16Â Â Â Â Â Â Â Â Â Â Â Â TARKET: COMPANY SNAPSHOT
FIGURE 17Â Â Â Â Â Â Â Â Â Â Â Â ARMSTRONG FLOORING: COMPANY SNAPSHOT
FIGURE 18Â Â Â Â Â Â Â Â Â Â Â Â FORBO: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â Â Â GERFLOR: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â Â Â INTERFACE: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â Â Â BEAULIEU INTERNATIONAL: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â Â Â TOLI CORPORATION: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â Â Â MILLIKEN & COMPANY: COMPANY SNAPSHOT
FAQ
The flooring market is expected to grow at a compound annual growth rate of 3.68% to reach USD 448.7 billion in 2029.
Asia Pacific held more than 37% of the flooring market revenue share in 2020 and will witness expansion with the surging demand for flooring market in countries, including U.S. and Canada.
Due to properties such as low cost, excellent abrasion resistance, and impact resistance, the non-resilient flooring segment dominated the flooring market.
Increased construction spending, as well as a rapidly growing residential and real estate sector, are key factors driving the flooring market’s growth.
The global flooring market registered a CAGR of 3.68% from 2022 to 2029.
The residential segment is projected to be the fastest-growing segment in the flooring market.
Asia Pacific is the largest regional market for the flooring market.
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