PUBLISHER: Polaris Market Research | PRODUCT CODE: 1505043
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1505043
Flooring Market Share, Size, Trends, Industry Analysis Report, By Product (Soft Covering, Resilient, Non-resilient, Carpets and Rugs); By Application (Residential, Commercial, Industrial); By Region; Segment Forecast, 2024 - 2032
The global flooring market size is expected to reach USD 760.86 Billion by 2032, according to a new study by Polaris Market Research. The report "Flooring Market Share, Size, Trends, Industry Analysis Report, By Product (Soft Covering, Resilient, Non-resilient, Carpets and Rugs); By Application (Residential, Commercial, Industrial); By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The industry for the product is anticipated to increase because of the rising need for remodeling and renovation in both residential and commercial buildings. Renovation and remodeling techniques are popular alternatives nowadays for interior design and to alter the look and construction of buildings.
The demand for remodeling and renovation will increase in response to rising consumer spending on interior design. Because of their durable and economic qualities that keep structures updated, the usage of these goods for remodeling and renovation is growing. Consumption of these products will also increase as government spending increases on enhancing public parks, hospitals, schools, and transportation services.
For instance, as per the Australian Government, reoccurring spending on Australian hospitals was $66.4 billion in 2019-20. In 2019-20, 93 percent of public hospital expenses were paid for by the state, district, and Australian government funding.
Increased spending and ongoing R&D have resulted in the development of such materials with improved strength and durability. Additionally, the producers' ability to provide customers with a variety of customization options in terms of color, texture, and finishing has increased consumer demand for their products and boosted industry expansion.
Further, the rising urban population is driving an increase in commercial construction activities. New commercial construction initiatives, including those for office buildings, hospitals, lodging facilities, and shopping malls, are being driven by the expanding urban people. As consumers spend their difficult money on luxurious flooring treatments in elevated residential complexes, the flooring industry is expanding.
Rapid lifestyle change fuels fierce competition for items with customizable flooring. Market leaders are working to create new products that outperform current materials. Consider the use of cutting-edge methods to give LVT flooring a realistic appearance.
Flooring Market Report Highlights
Commercial industry segment growing with a lucrative CAGR over the forecast period as a result of the expanding need for office properties, such as hospitals, businesses, and institutions. Additionally, the expanding desire for seamless floor coverings from commercial and industrial workplaces, such as concrete floors, resin, and polyurethane, will spur market expansion.
Non-Resilient accounted for a significant revenue share in 2021. Non-resilient floors have supplanted resilient carpeting as the best flooring option for high-traffic areas like corporate buildings and retail malls because of their superior durability, waterproofing, low maintenance requirements, and dependability.
The European region is growing with the fastest CAGR over the forecast period. The expanding usage of ceramics and vinyl in non-residential constructions will support market expansion in Europe. This region's growth could also be fueled by growing consumer spending and a preference for extravagant housing attributes.
The global market is highly competitive owing to the existence of large market players with a global presence including Armstrong Flooring, Inc., Gerflor GmbH, Interface Inc., Mannington Mills, Inc., Shaw Industries Group Inc., Toli Corporation, The Dixie Group, and Victoria PLC
Polaris Market Research has segmented the flooring market report based on product, application, and region:
Flooring, Product Outlook (Revenue - USD Billion, 2018 - 2030)
- Soft Covering
- Resilient
- Vinyl
- Others
- Non-resilient
- Ceramic
- Wood
- Laminate
- Others
- Carpets and Rugs
- Tufted
- Woven
- Others
Flooring, Application Outlook (Revenue - USD Billion, 2018 - 2030)
- Residential
- Commercial
- Industrial
Flooring, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
- North America
- U.S
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Flooring Market Insights
- 4.1. Flooring Market - Industry Snapshot
- 4.2. Flooring Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increase in Investment in the Construction Industry
- 4.2.1.2. Rise in the Number of Renovation & Remodeling Activities
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Volatile Raw Material Prices
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Flooring Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Flooring Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Flooring, by Product, 2018 - 2030 (USD Billion)
- 5.3. Soft Covering
- 5.3.1. Global Flooring Market, by Soft Covering, by Region, 2018 - 2030 (USD Billion)
- 5.4. Resilient
- 5.4.1.
- 5.4.1.1. Global Flooring Market, by Resilient, by Region, 2018 - 2030 (USD Billion)
- 5.4.2. Vinyl
- 5.4.2.1. Global Flooring Market, by Vinyl, by Region, 2018 - 2030 (USD Billion)
- 5.4.3. Others
- 5.4.3.1. Global Flooring Market, by Others, by Region, 2018 - 2030 (USD Billion)
- 5.4.1.
- 5.5. Non-resilient
- 5.5.1. Global Flooring Market, by Non-resilient, by Region, 2018 - 2030 (USD Billion)
- 5.5.2. Ceramic
- 5.5.2.1. Global Flooring Market, by Ceramic, by Region, 2018 - 2030 (USD Billion)
- 5.5.3. Wood
- 5.5.3.1. Global Flooring Market, by Wood, by Region, 2018 - 2030 (USD Billion)
- 5.5.4. Laminate
- 5.5.4.1. Global Flooring Market, by Laminate, by Region, 2018 - 2030 (USD Billion)
- 5.5.5. Others
- 5.5.5.1. Global Flooring Market, by Others, by Region, 2018 - 2030 (USD Billion)
- 5.6. Carpets and Rugs
- 5.6.1. Global Flooring Market, by Carpets and Rugs, by Region, 2018 - 2030 (USD Billion)
- 5.6.2. Tufted
- 5.6.2.1. Global Flooring Market, by Tufted, by Region, 2018 - 2030 (USD Billion)
- 5.6.3. Woven
- 5.6.3.1. Global Flooring Market, by Woven, by Region, 2018 - 2030 (USD Billion)
- 5.6.4. Others
- 5.6.4.1. Global Flooring Market, by Others, by Region, 2018 - 2030 (USD Billion)
- 5.7. Global Flooring Market, by Application
- 5.8. Key Findings
- 5.9. Introduction
- 5.9.1. Global Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 5.10. Residential
- 5.10.1. Global Flooring Market, by Residential, by Region, 2018 - 2030 (USD Billion)
- 5.11. Commercial
- 5.11.1. Global Flooring Market, by Commercial, by Region, 2018 - 2030 (USD Billion)
- 5.12. Industrial
- 5.12.1. Global Flooring Market, by Industrial, by Region, 2018 - 2030 (USD Billion)
6. Global Flooring Market, by Geography
- 6.1. Key findings
- 6.2. Introduction
- 6.2.1. Flooring Market Assessment, By Geography, 2018 - 2030 (USD Billion)
- 6.3. Flooring Market - North America
- 6.3.1. North America: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.3.2. North America: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.3.3. Flooring Market - U.S.
- 6.3.3.1. U.S.: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.3.3.2. U.S.: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.3.4. Flooring Market - Canada
- 6.3.4.1. Canada: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.3.4.2. Canada: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.4. Flooring Market - Europe
- 6.4.1. Europe: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.4.2. Europe: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.4.3. Flooring Market - UK
- 6.4.3.1. UK: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.4.3.2. UK: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.4.4. Flooring Market - France
- 6.4.4.1. France: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.4.4.2. France: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.4.5. Flooring Market - Germany
- 6.4.5.1. Germany: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.4.5.2. Germany: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.4.6. Flooring Market - Italy
- 6.4.6.1. Italy: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.4.6.2. Italy: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.4.7. Flooring Market - Spain
- 6.4.7.1. Spain: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.4.7.2. Spain: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.4.8. Flooring Market - Netherlands
- 6.4.8.1. Netherlands: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.4.8.2. Netherlands: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.4.9. Flooring Market - Russia
- 6.4.9.1. Russia: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.4.9.2. Russia: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.5. Flooring Market - Asia Pacific
- 6.5.1. Asia Pacific: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.5.2. Asia Pacific: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.5.3. Flooring Market - China
- 6.5.3.1. China: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.5.3.2. China: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.5.4. Flooring Market - India
- 6.5.4.1. India: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.5.4.2. India: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.5.5. Flooring Market - Malaysia
- 6.5.5.1. Malaysia: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.5.5.2. Malaysia: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.5.6. Flooring Market - Japan
- 6.5.6.1. Japan: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.5.6.2. Japan: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.5.7. Flooring Market - Indonesia
- 6.5.7.1. Indonesia: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.5.7.2. Indonesia: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.5.8. Flooring Market - South Korea
- 6.5.8.1. South Korea: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.5.8.2. South Korea: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.6. Flooring Market - Middle East & Africa
- 6.6.1. Middle East & Africa: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.6.2. Middle East & Africa: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.6.3. Flooring Market - Saudi Arabia
- 6.6.3.1. Saudi Arabia: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.6.3.2. Saudi Arabia: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.6.4. Flooring Market - UAE
- 6.6.4.1. UAE: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.6.4.2. UAE: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.6.5. Flooring Market - Israel
- 6.6.5.1. Israel: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.6.5.2. Israel: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.6.6. Flooring Market - South Africa
- 6.6.6.1. South Africa: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.6.6.2. South Africa: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.7. Flooring Market - Latin America
- 6.7.1. Latin America: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.7.2. Latin America: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.7.3. Flooring Market - Mexico
- 6.7.3.1. Mexico: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.7.3.2. Mexico: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.7.4. Flooring Market - Brazil
- 6.7.4.1. Brazil: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.7.4.2. Brazil: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- 6.7.5. Flooring Market - Argentina
- 6.7.5.1. Argentina: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- 6.7.5.2. Argentina: Flooring Market, by Product, 2018 - 2030 (USD Billion)
7. Competitive Landscape
- 7.1. Expansion and Acquisition Analysis
- 7.1.1. Expansion
- 7.1.2. Acquisitions
- 7.2. Partnerships/Collaborations/Agreements/Exhibitions
8. Company Profiles
- 8.1. Armstrong Flooring, Inc
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Recent Development
- 8.2. Balta Industries
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Recent Development
- 8.3. Beaulieu International Group
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Recent Development
- 8.4. Forbo Flooring System
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Recent Development
- 8.5. Gerflor GmbH
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Recent Development
- 8.6. Interface Inc
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Recent Development
- 8.7. Mannington Mills, Inc
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Recent Development
- 8.8. Mohawk Industries, Inc
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.8.4. Recent Development
- 8.9. Shaw Industries Group Inc
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.9.4. Recent Development
- 8.10. Toli Corporation
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
- 8.10.4. Recent Development
- 8.11. The Dixie Group
- 8.11.1. Company Overview
- 8.11.2. Financial Performance
- 8.11.3. Product Benchmarking
- 8.11.4. Recent Development
- 8.12. Victoria PLC
- 8.12.1. Company Overview
- 8.12.2. Financial Performance
- 8.12.3. Product Benchmarking
- 8.12.4. Recent Development
List of Tables
- Table 1 Global Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 2 Global Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 3 Flooring Market Assessment, By Geography, 2018 - 2030 (USD Billion)
- Table 4 North America: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 5 North America: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 6 U.S.: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 7 U.S.: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 8 Canada: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 9 Canada: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 10 Europe: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 11 Europe: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 12 UK: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 13 UK: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 14 France: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 15 France: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 16 Germany: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 17 Germany: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 18 Italy: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 19 Italy: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 20 Spain: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 21 Spain: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 22 Netherlands: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 23 Netherlands: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 24 Russia: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 25 Russia: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 26 Asia Pacific: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 27 Asia Pacific: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 28 China: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 29 China: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 30 India: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 31 India: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 32 Malaysia: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 33 Malaysia: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 34 Japan: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 35 Japan: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 36 Indonesia: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 37 Indonesia: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 38 South Korea: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 39 South Korea: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 40 Middle East & Africa: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 41 Middle East & Africa: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 42 Saudi Arabia: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 43 Saudi Arabia: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 44 UAE: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 45 UAE: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 46 Israel: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 47 Israel: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 48 South Africa: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 49 South Africa: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 50 Latin America: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 51 Latin America: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 52 Mexico: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 53 Mexico: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 54 Brazil: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 55 Brazil: Flooring Market, by Product, 2018 - 2030 (USD Billion)
- Table 56 Argentina: Flooring Market, by Application, 2018 - 2030 (USD Billion)
- Table 57 Argentina: Flooring Market, by Product, 2018 - 2030 (USD Billion)
List of Figures
- Figure 1 Global Flooring Market, 2018 - 2030 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global Flooring Market, by Application, 2021 & 2030 (USD Billion)
- Figure 8 Market by Product
- Figure 9 Global Flooring Market, by Product, 2021 & 2030 (USD Billion)
- Figure 10 Flooring Market Assessment, By Geography, 2018 - 2030 (USD Billion)
- Figure 11 Strategic Analysis - Flooring Market
