Flooring is the material used to cover the basic structure of the floor, thus, providing a level surface for walking. Good flooring materials should be durable, even, and must also ideally be waterproof. Vinyl, rubber flooring and laminates are the leading flooring types in the global market, with vinyl flooring, especially, being preferred due to its low cost and easy installation. Vinyl is emerging as a major flooring type in the residential and commercial sectors as it is durable, versatile, and impervious to harmful elements like moisture, mould, and mildew.
Luxury Vinyl Tiles (LVT) are particularly popular as they combine the aesthetic appeal and texture of tiles with the durability and cost-efficiency of vinyl. They are also finding use in the corporate, hospitality and healthcare sectors due to their low maintenance and other durable qualities.
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With growing awareness about the environmental repercussions of certain materials, there has been a rising demand for sustainable flooring among both consumers and manufacturers. Wood flooring, especially reclaimed wood, is witnessing a rising demand owing to its sustainability and aesthetic appeal.
Hardwood floors are experiencing high demand in North America due to their lower emissions. Bamboo and cork flooring are also emerging as popular eco-conscious choices. Sustainable flooring also helps buildings in attaining higher Leadership in Energy and Environmental Design (LEED) points signifying the superior quality of a building as a green building.
The Asia Pacific, and Middle East and Africa (MEA) are two of the significant regions in the global flooring market, owing to the rising commercial and industrial sectors. Vision 2030 plan of Saudi Arabia has given an added impetus to the flooring market in the region due to the growth in the construction and infrastructure industry in the country. In North America, the rising remodelling and renovation activities have added to the growth of the flooring market with people willing to spend more on home improvements.
Market Analysis by Types, Applications and Regions:
- The flooring market is broadly divided into resilient, and non-resilient flooring with resilient flooring further divided into vinyl, linoleum, and rubber, among others, and non-resilient flooring divided into ceramic, wood and laminate, and carpet among others.
- The major applications of flooring are residential, commercial and other related sectors.
- The major regions in the market are North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Key Findings of the Report:
- Rise in construction activities due to rapid urbanisation and population has aided the global flooring market.
- Vinyl and rubber flooring are proving to be popular in the market due to their high durability and cost efficiency.
- The flooring market is also propelled by the growing renovation activities in the residential and commercial activities taking place in Europe, encouraged by the National Energy Efficiency Action Plans (NEEAPs).
- The flourishing home repair and renovation sector in the US is driving the market, especially the sustainable flooring segment.
- Availability of cheap labour and a growing construction sector in the Asia Pacific are providing impetus to the market growth.
Key Offerings of the Report:
- The report by EMR gives the installation cost of flooring by its types.
- The report provides a detailed historical (2018-2023) and forecasted (2024-2032) market analysis by the type and applications of flooring.
- It also provides an in-depth region-wise analysis of the market for the periods 2018-2023 and 2024-2032.
- The EMR report analyses the trade data of the major exporting and importing countries for the year 2023 by their value and volume.
Mohawk Industries, Inc., Berkshire Hathaway, Inc. (Shaw Industries Group, Inc.), Tarkett S.A., Armstrong World Industries Inc. (AHF, LLC), Gerflor Group, Mannington Mills Inc., Forbo Flooring, Interface, Inc., Polyflor Ltd., RAK Ceramics PJSC, Crossville, Inc., Ceramiche Atlas Concorde SpA, Porcelanosa Group, Kajaria Ceramics Limited, and Canadian Flooring. are the key players in the global flooring market. The EMR report provides a detailed insight into the latest developments in the competitive landscape of the global flooring market including plant turnarounds, expansions of capacity, and mergers and acquisitions.
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