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Global Flooring Market: By Type: Resilient, Non-Resilient; By Application: Residential, Commercial, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand; Competitive Landscape; Industry Events and Developments
Global Flooring Market Outlook
The global flooring market size stood at nearly USD 372.6 billion in 2021, driven by growing demand for construction activities in the Asia Pacific, and Middle East and Africa. The market is expected to grow at a CAGR of 5.6% during the forecasted period of 2023-2028, reaching a value of about USD 516.7 billion in 2027.
Increased construction activities, rapid urbanisation, rising urban population and growing disposable incomes have aided the market growth, presenting a positive flooring industry outlook. Asia Pacific has led the growth of the global market in the past few years, as indicated by the flooring industry statistics 2020 and the flooring industry statistics 2021. Increasing flooring applications in the commercial and industrial sectors are expected to help the Asia Pacific retain its significant flooring market share. Vinyl and rubber flooring along with laminates are significant types of flooring that will see increasing demand in the coming years.
The growing demand and preference for re-designing already constructed buildings, by upgrading their flooring and other interiors, are among the key flooring industry trends 2022. Homeowners purchasing new houses, businesses expanding their offices, or even renters living in new premises are opting for ways to change the look and feel of their surroundings. The do-it-yourself flooring market trends are encouraging the application of easy to install floorings.
While installing resilient flooring is a relatively simple process, and can be done without specialised knowledge, particularly in stick-on floorings, non-resilient floorings require experience and knowledge. Non-resilient floorings also require a greater financial and time investment.
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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 categorised into these categories:
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- Resilient
- Vinyl
- Linoleum
- Rubber
- Others
- Non-Resilient
- Ceramic
- Wood & Laminate
- Carpet
- Others
The resilient flooring market is projected to witness significant growth in the coming years, as resilient flooring options are easy to install and have lower installation and maintenance costs.
Over the forecast period, the resilient flooring market growth is expected to be driven by demands for vinyl, which is a fast-growing option for residential and commercial applications due to its ease of installation and cost efficiency. Vinyl is a durable and versatile option for resilient flooring which is impervious to moisture, mildew, and mould.
Among the resilient flooring market trends, 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.
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Market Analysis
Growing urbanisation and expanding urban population combined with an increase in industrialisation and 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 pre-existing residential and commercial buildings. The US flooring market size has seen steady growth, driven by the home repair and renovation sector. This focus on renovation has provided further impetus to the flooring market size, especially sustainable flooring.
According to flooring industry statistics, 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 emissions during their manufacturing process and various manufacturers pledging to replenish and replace the trees cut. The preference for hardwood floors has also contributed to the U.S. flooring market size. 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. Rubber and vinyl 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.
Competitive Landscape
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:
- Mohawk Industries, Inc.
- Shaw Industries Group, Inc.
- Tarkett S.A.
- Armstrong Flooring, Inc.
- Gerflor SAS
- Others
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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region |
| Breakup by Type | Resilient, Non-Resilient |
| Breakup by Application | Residential, Commercial, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Mohawk Industries, Inc., Shaw Industries Group, Inc., Tarkett S.A., Armstrong Flooring, Inc., Gerflor SAS, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Flooring Market Analysis
8.1 Key Industry Highlights
8.2 Global Flooring Historical Market (2018-2022)
8.3 Global Flooring Market Forecast (2023-2028)
8.4 Global Flooring Market by Type
8.4.1 Resilient
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.1.4 Breakup by Type
8.4.1.4.1 Vinyl
8.4.1.4.2 Linoleum
8.4.1.4.3 Rubber
8.4.1.4.4 Others
8.4.2 Non-Resilient
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.2.4 Breakup by Type
8.4.2.4.1 Ceramic
8.4.2.4.2 Wood and Laminate
8.4.2.4.3 Carpet
8.4.2.4.4 Others
8.5 Global Flooring Market by Application
8.5.1 Residential
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Commercial
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Others
8.6 Global Flooring Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Mohawk Industries Inc.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Shaw Industries Group, Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Tarkett Group
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Armstrong Flooring, Inc.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Gerflor Group
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Flooring Market: Key Industry Highlights, 2018 and 2028
2. Global Flooring Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Flooring Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Flooring Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Flooring Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Flooring Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Flooring Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Flooring Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Flooring Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Flooring Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Flooring Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Flooring Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Flooring Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Flooring Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Flooring Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Flooring Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Flooring Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Flooring Market Structure
Key Questions Answered in the Report
In 2021, the global flooring market attained a value of nearly USD 372.6 billion.
The market is projected to grow at a CAGR of 5.6% between 2023 and 2028.
The industry is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 516.7 billion by 2027.
The major drivers of the industry, such as the increased construction activities, rapid urbanisation, rising urban population, and growing disposable incomes, are expected to aid the market growth.
The key market trend guiding the growth of flooring market includes the rising popularity of non-resilient flooring.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Resilient and non-resilient are the leading types of the product in the industry.
The significant application segments of the product are residential and commercial, among others.
The major players in the industry are Mohawk Industries Inc., Shaw Industries Group, Inc., Tarkett Group, Armstrong Flooring, Inc., and Gerflor Group, among others.
Analyst Review
The global flooring market attained a value of USD 372.6 billion in 2021, driven by the increased construction activities. Aided by the rising popularity of non-resilient flooring, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5.6%. The market is projected to reach USD 516.7 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the market can be segmented into resilient and non-resilient. On the basis of application, the industry is divided into residential, commercial, and others. The major regional markets of the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Mohawk Industries Inc., Shaw Industries Group, Inc., Tarkett Group, Armstrong Flooring, Inc., and Gerflor Group, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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