Flooring refers to the permanent covering of a floor, typically made from materials like wood, vinyl, tile, carpet, or laminate. It serves both functional and aesthetic purposes, providing durability, comfort, and style to interior spaces. The market for flooring is approximated to be USD 331.9 billion in 2023, and it is projected to reach USD 510.7 billion by 2028, at a CAGR of 9.0%. The research report presents a complete judgment of the market through strategic insights on future trends, flooring market size, share, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. Increasing population and rapid urbanization, increasing investments in the construction sector, and rising number of renovation and remodeling activities are key drivers promoting the market growth.
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What is the market demand of flooring
Residential Construction and Renovation: Increasing urbanization and a rise in housing projects are fueling demand for flooring materials, particularly in developing regions. Renovation and remodeling activities in existing homes also contribute significantly to the market.
Commercial and Industrial Applications: The demand for durable, high-performance flooring in commercial spaces such as offices, retail outlets, and industrial facilities is rising. This is driven by the need for flooring that can withstand heavy foot traffic, offer safety features, and meet aesthetic standards.
Sustainability and Eco-Friendly Options: There is a growing preference for sustainable and eco-friendly flooring materials, such as bamboo, cork, and recycled products, driven by consumer awareness and stricter environmental regulations.
Technological Advancements: Innovations in flooring technology, including improved installation methods, enhanced durability, and new design options, are making flooring products more attractive and accessible, further boosting demand.
Growth in Luxury Flooring: There is a rising trend toward luxury and premium flooring materials, including hardwood, luxury vinyl tiles (LVT), and engineered wood, especially in high-end residential and commercial projects.
Flooring Market Segmentation
Flooring Market by Material
- Resilient Flooring
- Vinyl
- Others
- Non-Resilient Flooring
- Ceramic tiles
- Wood
- Laminate
- Stone
- Others
- Soft floor covering/ Carpets & Rugs
By material, non-resilient segment accounted for the largest share in 2022
Resilient flooring possesses a specific characteristic i.e., when given a slight press on it, it quickly springs back into place. This provides greater grip, and a decreased chance of slip-and-fall incidents. The term non-resilient flooring refers to solid flooring which is not flexible. Terrazzo, marble, stone, ceramic tile, and concrete all fall under the category of non-resilient flooring. In general, non-resilient flooring can outlive resilient flooring and are more durable. In areas with heavy foot traffic, non-resilient flooring is frequently used by architects and designers. In general, non-resilient floors require less upkeep and maintenance than resilient ones. Owing to these properties the non -resilient segment dominated the market.
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Flooring Market by End-use industry
- Non-residential
- Residential
By End-Use Industry, the Non-Residential Segment accounted for the second largest share in 2022.
In the non-residential end use industry segment the demand for flooring is expected to be driven by increasing spending on office spaces and other commercial & institutional constructions where flooring is used extensively. These buildings can be classified as commercial, institutional & healthcare, and public facilities. The commercial and institutional spaces like malls, hospitals, colleges, schools, gyms are subjected to heavy foot traffic and heavy furniture loads. Hnece the flooring durability and aesthetic aspect both are important factors when choosing a suitable flooring material.
Flooring Market by Region
- North America
- Europe
- Asia Pacific (APAC)
- Middle East & Africa
- South America
Europe accounted for the second largest market share of the Flooring Market in 2022
The rising demand of housing in urban areas, increased infrastructure development activities, and increased modernization and renovation of buildings are the major key factors for the expansion of the European construction market. With the region's robust economic growth, commercial infrastructure construction, such as offices, schools, hotels, restaurants, and leisure facilities, is on the rise. Initiatives and investments by the government are aiding the growth of the European infrastructure.
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The global flooring market shows diverse regional dynamics. Asia-Pacific leads the market, driven by rapid urbanization, construction boom, and increasing residential renovations, particularly in countries like China and India.
North America is experiencing steady growth, fueled by high demand for luxury and eco-friendly flooring options in residential and commercial spaces.
Europe sees robust demand for sustainable and technologically advanced flooring solutions, supported by stringent environmental regulations and a strong renovation sector.
In the Middle East & Africa, the market is expanding due to ongoing infrastructure projects and a growing preference for durable and low-maintenance flooring materials. Each region's unique economic and construction trends contribute to the overall growth and demand in the flooring market.
Flooring Market Trending Key Players
Mohawk Industries, Inc. (US)
Tarkett (France)
Forbo (Switzerland)
Shaw Industries Group Inc. (Georgia)
Interface, Inc. (US)
Conclusion
