Global Flooring Market Size Study, by Material (Resilient, Non-Resilient [Ceramic Tiles, Wood, Laminate, Stone], Soft Floor Covering), by End Use Industry (Residential, Non-Residential), and Regional Forecasts 2022-2032

Description

The Global Flooring Market, valued at approximately USD 331.9 billion in 2023, is projected to grow at a robust compound annual growth rate (CAGR) of 9.00% during the forecast period 2024 to 2032. Flooring solutions have become integral to both residential and commercial infrastructure, not only enhancing aesthetic appeal but also offering durable and sustainable alternatives to meet diverse consumer demands. With advancements in material engineering and a burgeoning demand for sustainable building solutions, the flooring industry is undergoing significant transformation, catering to evolving market trends.

The rapid pace of urbanization and construction activities globally, particularly in emerging economies, has been a driving force behind the market's growth. A surge in demand for durable and aesthetically pleasing flooring options, coupled with advancements in resilient and non-resilient materials like ceramic tiles, wood, and laminates, underscores the market's dynamic expansion. Moreover, innovations in eco-friendly and technologically advanced flooring solutions, such as antimicrobial coatings and energy-efficient designs, are poised to amplify adoption across residential and non-residential applications.

Despite the promising growth trajectory, challenges persist in the form of fluctuating raw material prices and stringent regulatory requirements for manufacturing. However, the growing preference for soft floor coverings and resilient materials, known for their ease of maintenance and energy efficiency, presents lucrative opportunities for market players. Additionally, the increasing focus on renovation and refurbishment activities, particularly in developed regions, is expected to propel the market further.

Regionally, North America continues to dominate the global flooring market, benefiting from the extensive adoption of advanced construction materials and technologies. Europe follows closely, driven by an emphasis on sustainable building practices and stringent energy efficiency norms. Meanwhile, the Asia-Pacific region is anticipated to emerge as the fastest-growing market, fueled by rapid urbanization, increased infrastructure investments, and government initiatives promoting affordable housing in countries such as China and India.

Major market players included in this report are:

Mohawk Industries Inc.
Shaw Industries Group Inc.
Tarkett S.A.
Interface Inc.
Forbo Holding AG
Armstrong Flooring Inc.
Gerflor Group
Mannington Mills Inc.
Beaulieu International Group
LG Hausys
Balta Industries NV
Polyflor Ltd.
Swiss Krono Group
Victoria PLC
Kronospan Holdings Ltd.

The detailed segments and sub-segment of the market are explained below:

By Material

Resilient
Non-Resilient
- Ceramic Tiles
- Wood
- Laminate
- Stone
Soft Floor Covering

By End Use Industry

Residential
Non-Residential

By Region: North America

U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approaches.
Analysis of the competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Flooring Market Executive Summary

1.1. Global Flooring Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Material
  - 1.3.1.1. Resilient
  - 1.3.1.2. Non-Resilient
  - 1.3.1.2.1. Ceramic Tiles
  - 1.3.1.2.2. Wood
  - 1.3.1.2.3. Laminate
  - 1.3.1.2.4. Stone
  - 1.3.1.3. Soft Floor Covering
- 1.3.2. By End Use Industry
  - 1.3.2.1. Residential
  - 1.3.2.2. Non-Residential
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Flooring Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Flooring Market Dynamics

3.1. Market Drivers
- 3.1.1. Rapid Urbanization and Construction Activities
- 3.1.2. Increasing Demand for Durable and Aesthetic Flooring Options
- 3.1.3. Innovations in Eco-Friendly and Technologically Advanced Flooring Solutions
3.2. Market Challenges
- 3.2.1. Fluctuating Raw Material Prices
- 3.2.2. Stringent Regulatory Requirements for Manufacturing
3.3. Market Opportunities
- 3.3.1. Growing Preference for Soft Floor Coverings and Resilient Materials
- 3.3.2. Increasing Focus on Renovation and Refurbishment Activities
- 3.3.3. Expansion of Green Building Certifications and Sustainable Practices

Chapter 4. Global Flooring Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Flooring Market Size & Forecasts by Material 2022-2032

5.1. Segment Dashboard
5.2. Global Flooring Market: Material Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Resilient
- 5.2.2. Non-Resilient
  - 5.2.2.1. Ceramic Tiles
  - 5.2.2.2. Wood
  - 5.2.2.3. Laminate
  - 5.2.2.4. Stone
- 5.2.3. Soft Floor Covering

Chapter 6. Global Flooring Market Size & Forecasts by End Use Industry 2022-2032

6.1. Segment Dashboard
6.2. Global Flooring Market: End Use Industry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Residential
- 6.2.2. Non-Residential

Chapter 7. Global Flooring Market Size & Forecasts by Region 2022-2032

7.1. North America Flooring Market
- 7.1.1. U.S. Flooring Market
  - 7.1.1.1. Material Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. End Use Industry Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Flooring Market
  - 7.1.2.1. Material Breakdown Size & Forecasts, 2022-2032
  - 7.1.2.2. End Use Industry Breakdown Size & Forecasts, 2022-2032
7.2. Europe Flooring Market
- 7.2.1. UK Flooring Market
- 7.2.2. Germany Flooring Market
- 7.2.3. France Flooring Market
- 7.2.4. Spain Flooring Market
- 7.2.5. Italy Flooring Market
- 7.2.6. Rest of Europe Flooring Market
7.3. Asia-Pacific Flooring Market
- 7.3.1. China Flooring Market
- 7.3.2. India Flooring Market
- 7.3.3. Japan Flooring Market
- 7.3.4. Australia Flooring Market
- 7.3.5. South Korea Flooring Market
- 7.3.6. Rest of Asia-Pacific Flooring Market
7.4. Latin America Flooring Market
- 7.4.1. Brazil Flooring Market
- 7.4.2. Mexico Flooring Market
- 7.4.3. Rest of Latin America Flooring Market
7.5. Middle East & Africa Flooring Market
- 7.5.1. Saudi Arabia Flooring Market
- 7.5.2. South Africa Flooring Market
- 7.5.3. Rest of Middle East & Africa Flooring Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Mohawk Industries Inc.
- 8.1.2. Shaw Industries Group Inc.
- 8.1.3. Tarkett S.A.
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Mohawk Industries Inc.
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Shaw Industries Group Inc.
- 8.3.3. Tarkett S.A.
- 8.3.4. Interface Inc.
- 8.3.5. Forbo Holding AG
- 8.3.6. Armstrong Flooring Inc.
- 8.3.7. Gerflor Group
- 8.3.8. Mannington Mills Inc.
- 8.3.9. Beaulieu International Group
- 8.3.10. LG Hausys

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes