Flooring Market Synopsis

Global Flooring Market size was valued at USD 378.60 Billion in 2022 and is projected to reach USD 576.64 Billion by 2030, growing at a CAGR of 5.4% from 2023 to 2030.

Flooring refers to the durable, often decorative, material installed on the floor of a space. It serves as a foundation for walking, standing, and supporting furniture. Common flooring types include hardwood, laminate, tile, carpet, and vinyl. The choice of flooring can impact the aesthetics, comfort, and functionality of a room, making it an essential aspect of interior design and construction.

  • Hardwood flooring imparts a sense of warmth and natural beauty to residential areas, whereas laminate serves as a cost-effective and versatile alternative. Tile flooring, available in ceramics, porcelain, and natural stone, is a preferred choice for kitchens and bathrooms due to its durability and easy upkeep. Carpet, known for providing comfort and sound insulation, finds its place in bedrooms and living spaces. Vinyl flooring, prized for its water resistance, is particularly well-suited for kitchens and bathrooms.
  • The selection of flooring has a dual impact on a space's visual appeal and functionality. Beyond aesthetics, flooring plays a pivotal role in elevating comfort, providing furniture support, and regulating temperature. Appropriately chosen and installed flooring has the potential to enhance the overall value of a property. Moreover, the choice of flooring materials is guided by considerations such as foot traffic, resistance to moisture, and maintenance demands. In commercial settings, durable and low-maintenance materials like luxury vinyl tile are often preferred for areas experiencing high levels of foot traffic.

Flooring Market Trend Analysis:

Rapid Growth in Population and Urbanization

  • The flourishing flooring market is significantly propelled by the rapid growth in population and urbanization. The surge in global population, particularly in urban areas, corresponds to an increase in construction projects to accommodate the expanding populace. This heightened demand for residential, commercial, and industrial spaces drives the need for diverse flooring solutions. Urbanization, marked by the migration of people to cities and the development of urban infrastructure, stimulates a substantial increase in construction activities, thereby fostering the growth of the flooring market.
  • Flooring holds a pivotal role in both the functional and aesthetic aspects of architecture in urban settings. The escalating urban population results in a rise in housing construction, leading to an increased demand for various flooring materials like hardwood, laminate, tile, and carpet. Commercial spaces, encompassing offices, shopping complexes, and hospitality establishments, also contribute to the growing demand for specialized flooring solutions tailored to specific needs. Additionally, the expanding middle-class population in urban areas has heightened consumer preferences for high-quality and visually appealing flooring options, driving innovation and diversification in the market. In summary, the interplay between population growth, urbanization, and construction activities serves as a significant catalyst for the robust expansion of the global flooring market.

High Demand for Innovative Flooring

  • The consumers actively seeking distinctive and technologically advanced flooring choices, the industry is compelled to undergo evolution and diversification. Innovations in flooring encompass materials, designs, and technologies, driven by the desire for improved aesthetics, sustainability, and performance. Creative solutions, such as eco-friendly materials, smart flooring systems, and customizable designs, are introduced to meet diverse consumer preferences.
  • Innovation in flooring goes beyond aesthetic considerations, addressing functional aspects like durability, ease of maintenance, and environmental impact. The incorporation of cutting-edge technologies, including digital printing and advanced manufacturing processes, facilitates the creation of visually striking and personalized flooring designs. Sustainability is a key focus, leading to the emergence of eco-friendly materials such as bamboo, cork, and recycled content, aligning with the increasing consumer awareness of environmental responsibility.
  • The demand for innovative flooring extends across residential, commercial, and industrial sectors. Businesses recognize the pivotal role of flooring in crafting distinctive and appealing environments for both customers and employees. This presents an opportunity for manufacturers and suppliers to meet this demand by offering a diverse range of inventive flooring solutions, fostering growth, and maintaining competitiveness in a dynamic market. Ultimately, the pursuit of creativity and functionality in flooring offers a promising pathway for the flooring industry to thrive in response to evolving consumer expectations and preferences.

Flooring Market Segment Analysis:

Flooring Market Segmented on the basis of Type, Material, and End-User.

By Material, Vinyl segment is expected to dominate the market during the forecast period

  • The flooring market is set to be predominantly influenced by the vinyl segment, given its versatile and advantageous characteristics. Vinyl flooring provides a cost-effective solution coupled with impressive durability, making it a preferred option for both residential and commercial spaces. Its resilience against moisture, stains, and scratches makes it particularly suitable for high-traffic areas, kitchens, and bathrooms. The extensive array of designs, including realistic wood and tile patterns, adds to its aesthetic appeal, catering to diverse consumer preferences.
  • Additionally, advancements in vinyl technology, such as luxury vinyl tile (LVT) and luxury vinyl plank (LVP), have enhanced its standing by offering a high-quality appearance and texture. As sustainability gains prominence, vinyl manufacturers are increasingly concentrating on eco-friendliness.

By Type, Resilient Flooring segment held the largest share of 52.2% in 2022

  • The market's largest share is held by the resilient flooring segment, emphasizing its widespread adoption and significant role. Resilient flooring, characterized by its elastic properties and capacity to rebound from impact, encompasses materials like vinyl, linoleum, and rubber. This dominance is a result of the segment's versatility, durability, and cost-effectiveness, making it a preferred choice across various applications. Resilient flooring excels in high-traffic areas, commercial spaces, and healthcare facilities, providing both comfort underfoot and enduring performance. Vinyl, a key component of resilient flooring, offers a diverse array of styles and exhibits resistance to water, stains, and wear.
  • Furthermore, the growing emphasis on sustainability has prompted the development of eco-friendly options within the resilient flooring category, reinforcing its leadership in the market. As consumers increasingly seek resilient solutions that balance functionality and aesthetics, the ongoing growth of this segment underscores its effectiveness in meeting these demands.

Flooring Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

  • The flooring market in Asia Pacific is poised for dominance, driven by robust economic growth, rapid urbanization, and increased construction activities throughout the region. As countries in Asia Pacific undergo extensive infrastructural development and experience a surge in population, there is a growing demand for residential, commercial, and industrial spaces. This demand, coupled with the rising middle class and their increasing disposable income, propels the flooring market forward.
  • Furthermore, dynamic consumer preferences in the region and a growing awareness of innovative flooring solutions contribute to its market dominance. China and India, in particular, emerge as key players in this growth, with extensive construction projects and a flourishing real estate sector. The flooring market in Asia Pacific showcases a diverse range of materials and designs to cater to the varied needs of a rapidly expanding and evolving market, solidifying its position as a dominant force in the global flooring industry.

Key Players Covered in the Flooring Market:

  • Mohawk Industries, Inc. (US)
  • Shaw Industries Group, Inc. (US)
  • Mannington Mills, Inc. (US)
  • Interface, Inc. (US)
  • Crossville Inc. (US)
  • Columbia Flooring Group. (US)
  • Burke Flooring Products, Inc. (US)
  • Home Legend Llc. (US)
  • Milliken & Company (US)
  • Balta Home (Belgium)
  • Ahf (France)
  • Wickes. (UK)
  • Polyflor Ltd (UK)
  • Gerflor Group (France)
  • Tarkett, S.A. (France)
  • Atlas Concorde (Italy)
  • Forbo Group (Switzerland)
  • Porcelanosa Group (Spain)\
  • Classen Group (Germany)
  • Swiss Krono Group (Switzerland)
  • Faus International Flooring (Valencia)
  • Lg Hausys Ltd. (South Korea)
  • Robina Flooring Sdn Bhd (Bangladesh)
  • Kajaria Ceramics Limited (India)
  • Al Sorayai Group (Saudi Arabia), and Other Major Players.

Key Industry Developments in the Flooring Market:

  • In February 2023, Tarkett collaborated with Dutch design research firm Studio RENS, to launch DESSO X RENS, a range of carpet tiles that can be recycled into a new raw material.
  • In May 2023, Mannington Commercial introduced the Crafted Collection, which features high durability, making it ideal for use in interior spaces that witness high foot traffic. The range features 2 styles – Frost and Foam – having textural patterns; the collection is made of type 6 nylon and leverages the patented Infinity 2 Modular backing to withstand strong wet cleaning.

Global Flooring Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2017 to 2022

Market Size in 2022:

USD 378.60 Bn.

Forecast Period 2023-30 CAGR:

5.4%

Market Size in 2030:

USD 576.64 Bn.

Segments Covered:

By Type

  • Resilient Flooring
  • Non-Resilient Flooring
  • Soft floor covering

By Material

  • Vinyl
  • Marble
  • Rubber
  • Wood
  • Laminate
  • Ceramics
  • fiber

By End-User

  • Residential
  • Non-Residential

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rapid Growth in Population and Urbanization

Key Market Restraints:

  • High Cost and Maintenance

Key Opportunities:

  • High Demand for Innovative Flooring

Companies Covered in the report:

  • Mohawk Industries, Inc. (US), Shaw Industries Group, Inc. (US), Mannington Mills, Inc. (US), Interface, Inc. (US), Crossville Inc. (US), and Other Major Players.
  1. INTRODUCTION
    1. RESEARCH OBJECTIVES
    2. RESEARCH METHODOLOGY
    3. RESEARCH PROCESS
    4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
    5. MARKET SEGMENTATION
  2. EXECUTIVE SUMMARY
  3. MARKET OVERVIEW
  4. GROWTH OPPORTUNITIES BY SEGMENT
  5. MARKET LANDSCAPE
    1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
    2. INDUSTRY VALUE CHAIN ANALYSIS
    3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    4. MARKET TREND ANALYSIS
    5. REGULATORY LANDSCAPE
    6. PESTLE ANALYSIS
    7. PRICE TREND ANALYSIS
    8. PATENT ANALYSIS
    9. TECHNOLOGY EVALUATION
    10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
      1. Geopolitical Market Disruptions
      2. Supply Chain Disruptions
      3. Instability in Emerging Markets
    11. ECOSYSTEM
  6. FLOORING MARKET BY TYPE (2016-2030)
    1. FLOORING MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. RESILIENT
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. NON-RESILIENT
    5. SOFT FLOOR COVERING
  7. FLOORING MARKET BY MATERIAL (2016-2030)
    1. FLOORING MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. VINYI
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. MARBLE
    5. RUBBER
    6. WOOD
    7. LAMINATE
    8. CERAMICS
    9. FABRIC
  8. FLOORING MARKET BY END-USER (2016-2030)
    1. FLOORING MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. RESIDENTIAL
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. NON-RESIDENTIAL
  9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Flooring Market Share By Manufacturer (2022)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
    2. MOHAWK INDUSTRIES, INC. (US)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
    3. SHAW INDUSTRIES GROUP, INC. (US)
    4. MANNINGTON MILLS, INC. (US)
    5. INTERFACE, INC. (US)
    6. CROSSVILLE INC. (US)
    7. COLUMBIA FLOORING GROUP. (US)
    8. BURKE FLOORING PRODUCTS, INC. (US)
    9. HOME LEGEND LLC. (US)
    10. MILLIKEN & COMPANY (US)
    11. BALTA HOME (BELGIUM)
    12. AHF (FRANCE)
    13. WICKES. (UK)
    14. POLYFLOR LTD (UK)
    15. GERFLOR GROUP (FRANCE)
    16. TARKETT, S.A. (FRANCE)
    17. ATLAS CONCORDE (ITALY)
    18. FORBO GROUP (SWITZERLAND)
    19. PORCELANOSA GROUP (SPAIN)
    20. CLASSEN GROUP (GERMANY)
    21. SWISS KRONO GROUP (SWITZERLAND)
    22. FAUS INTERNATIONAL FLOORING (VALENCIA)
    23. LG HAUSYS LTD. (SOUTH KOREA)
    24. ROBINA FLOORING SDN BHD (BANGLADESH)
    25. KAJARIA CERAMICS LIMITED (INDIA)
    26. AL SORAYAI GROUP (SAUDI ARABIA)
  10. GLOBAL FLOORING MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Type
      4. Historic And Forecasted Market Size By Material
      5. Historic And Forecasted Market Size By End-User
      6. Historic And Forecasted Market Size By Country
        1. USA
        2. Canada
        3. Mexico
    3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Russia
        2. Bulgaria
        3. The Czech Republic
        4. Hungary
        5. Poland
        6. Romania
        7. Rest Of Eastern Europe
    4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Germany
        2. United Kingdom
        3. France
        4. The Netherlands
        5. Italy
        6. Spain
        7. Rest Of Western Europe
    5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Malaysia
        6. Thailand
        7. Vietnam
        8. The Philippines
        9. Australia
        10. New-Zealand
        11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Turkey
        2. Bahrain
        3. Kuwait
        4. Saudi Arabia
        5. Qatar
        6. UAE
        7. Israel
        8. South Africa
    7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
  11. INVESTMENT ANALYSIS
  12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

Global Flooring Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2017 to 2022

Market Size in 2022:

USD 378.60 Bn.

Forecast Period 2023-30 CAGR:

5.4%

Market Size in 2030:

USD 576.64 Bn.

Segments Covered:

By Type

  • Resilient Flooring
  • Non-Resilient Flooring
  • Soft floor covering

By Material

  • Vinyl
  • Marble
  • Rubber
  • Wood
  • Laminate
  • Ceramics
  • fiber

By End-User

  • Residential
  • Non-Residential

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rapid Growth in Population and Urbanization

Key Market Restraints:

  • High Cost and Maintenance

Key Opportunities:

  • High Demand for Innovative Flooring

Companies Covered in the report:

  • Mohawk Industries, Inc. (US), Shaw Industries Group, Inc. (US), Mannington Mills, Inc. (US), Interface, Inc. (US), Crossville Inc. (US), and Other Major Players.
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Frequently Asked Questions :

What would be the forecast period in the Flooring Market research report?

The forecast period in the Flooring Market research report is 2023-2030.

Who are the key players in the Flooring Market?

Mohawk Industries, Inc. (US), Shaw Industries Group, Inc. (US), Mannington Mills, Inc. (US), Interface, Inc. (US), Crossville Inc. (US), Columbia Flooring Group. (US), Burke Flooring Products, Inc. (US), Home Legend LLC. (US), Milliken & Company (US), Balta home (Belgium), AHF (France), Wickes. (UK),Polyflor Ltd (UK), Gerflor Group (France), Tarkett, S.A. (France), Kajaria Ceramics Limited (Italy), Atlas Concorde (Italy), Forbo Group (Switzerland), Porcelanosa Group (Spain), CLASSEN Group (Germany), SWISS KRONO GROUP (Switzerland), Faus International Flooring (Valencia), LG Hausys Ltd. (South Korea), Robina Flooring Sdn Bhd (Bangladesh), Al Sorayai Group (Saudi Arabia), and Other Major Players.

What are the segments of the Flooring Market?

The Flooring Market is segmented into Type, Material, End-User, and region. By Type, the market is categorized as Resilient, Non-Resilient, and Soft floor covering. Material, the market is categorized into Vinyl, Marble, Rubber, Wood, Laminate, Ceramics, and fabric. By End-User, the market is categorized into Residential and Non-residential. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Flooring Market?

Flooring refers to the durable, often decorative, material installed on the floor of a space. It serves as a foundation for walking, standing, and supporting furniture. Common flooring types include hardwood, laminate, tile, carpet, and vinyl. The choice of flooring can impact the aesthetics, comfort, and functionality of a room, making it an essential aspect of interior design and construction.

How big is the Flooring Market?

Global Flooring Market size was valued at USD 378.60 Billion in 2022 and is projected to reach USD 576.64 Billion by 2030, growing at a CAGR of 5.4% from 2023 to 2030.