The global flooring market stood at nearly USD 278 billion in 2019 driven by growing demand for construction activities in Asia Pacific, and Middle East and Africa. It is expected to grow at a CAGR of 6% during the forecasted period of 2020-2025 and is projected to reach a value of about USD 394 billion in 2025.
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Increased construction activities, rapid urbanization, rising urban population and growing disposable incomes have aided the market growth. Asia Pacific led the global market in 2017 due to the growth of flooring applications in the commercial and industrial sectors. Vinyl and rubber flooring along with laminates are significant types of flooring that will see increasing demand in the coming years.
Properties and Applications
Flooring is a permanent floor covering or any material used to cover the basic floor structure. Flooring is installed to provide a levelled walking surface which is ideally durable, even and waterproof. They are broadly categorized into these categories:
Vinyl is a fast-growing option for residential and commercial applications due to its ease of installation and cost efficiency. Vinyl is also durable and versatile, being impervious to moisture, mildew and mould. Luxury vinyl tiles (LVT) are finding increased usage in the commercial sectors like corporate, healthcare and hospitality due to their cost efficiency, high durability and low maintenance.
Growing urbanization and expanding urban population combined with an increase in industrialization and consumer’s disposable incomes have led to healthy growth of the global flooring market. The National Energy Efficiency Action Plans (NEEAPs) in Europe are encouraging the renovation of the pre-existing residential and commercial buildings. The home repair and renovation sector in the US have also seen a steady growth in 2018. This focus on renovation has provided further impetus to the flooring market, especially sustainable flooring.
Sustainable flooring like reclaimed wood is a growing trend with retailers shifting their focus to biodegradable and eco-friendly products. Installing sustainable flooring also helps in increasing the building’s Leadership in Energy and Environmental Design (LEED) points. In North America, hardwood floors are increasingly being preferred due to their lower emission production during their manufacturing process and various manufacturers pledging to replenish and replace the trees cut. The flooring market is also seeing a steady growth in Asia due to the availability of cheap labour.
Non-resilient flooring will prove to be particularly popular in the coming years. Vinyl and rubber flooring have been seeing a growing demand due to their low cost and high durability and is still projected to increase in the forecast period. The growth of the global flooring market has also been aided due to an increased usage in the automobile and shipping industries.
The report presents a detailed analysis of the following key players covering their capacities, market share and latest turn of events such as capacity expansions, plant turnarounds, and mergers and acquisitions in the global flooring market:
EMR’s comprehensive report provides an in-depth look into the market through SWOT analysis as well as an analysis of the Porter’s five forces.
1.1 Objectives of the Study
1.1.1 Research Objective
` 1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver
5.2 Market Restraint
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Flooring Market Analysis
6.1 Figure: Global Flooring Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Global Flooring Market Breakup by Type
188.8.131.52 Wood & Laminate
6.3 Figure: Global Flooring Market Breakup by Type: Historical Market (2015-2019) & Forecast (2020-2025)
184.108.40.206 Wood & Laminate
6.4 Chart: Global Flooring Market Breakup by Application
6.5 Figure: Global Flooring Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.6 Chart: Global Flooring Market Breakup by Region
6.6.1 North America
220.127.116.11 United State of America
18.104.22.168 United Kingdom
6.6.3 Asia Pacific
6.6.4 Latin America
6.6.5 Middle East and Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
6.7 Figure: Global Flooring Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.7.1 North America
184.108.40.206 United State of America
220.127.116.11 United Kingdom
6.7.3 Asia Pacific
6.7.4 Latin America
6.7.5 Middle East and Africa
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 Value Chain Analysis
10 EMR’s Key Indicators for Demand
11 EMR’s Key Indicators for Price
12 Global (HS Code-44189,6908) Trade Analysis (2019)
12.1 Major Exporting Countries by Value & Volume
12.2 Major Importing Countries by Value & Volume
13 Regional Flooring Price Analysis
13.1 North America Historical Price Trends (2015-2019) & Forecast (2020-2025)
13.2 Europe Historical Price Trends (2015-2019) & Forecast (2020-2025)
13.3 Asia Pacific Historical Price Trends (2015-2019) & Forecast (2020-2025)
13.4 Latin America Historical Price Trends (2015-2019) & Forecast (2020-2025)
13.5 Middle East & Africa Historical Price Trends (2015-2019) & Forecast (2020-2025)
14 Competitive Landscape & Supplier Analysis
14.1 Mohawk Industries, Inc.
14.1.1 Company Overview
14.1.2 Financial Analysis
14.2 Shaw Industries Group, Inc.
14.2.1 Company Overview
14.2.2 Financial Analysis
14.3 Tarkett S.A.
14.3.1 Company Overview
14.3.2 Financial Analysis
14.4 Armstrong Flooring, Inc.
14.4.1 Company Overview
14.4.2 Financial Analysis
14.5 Gerflor SAS
14.5.1 Company Overview
14.4.2 Financial Analysis
15 Events and Developments
Additional Customization Available
16 Manufacturing Process
16.1 Detailed Process Flow
16.2 Operations Involved
16.3 Mass Balance
17 Cost Analysis
17.1 Land, Location and Site Development
17.3 Plant Machinery
17.4 Cost of Raw Material
17.9 Other Capital Investment
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