The Global Flooring Market is estimated to reach USD 343.6 Billion by 2024 at a CAGR of 5.2%
Flooring represents an important part of any infrastructure. It can be termed as the covering over the floor, which provides cleaner, smoother, and durable surface. Flooring not only impart protection to the surface through covering, but can also give better aesthetic appeal of the room or the area of use. Various types of flooring can be done over a surface depending upon the purposes such as wood flooring, vinyl flooring, stone and marble flooring, tile flooring, asphalt flooring, and mud flooring Due to various advantages and wide range of flooring available, it is extensively used in residential, commercial and industrial sector.
The flooring market is mainly driven in past few years owing to the rising count of the construction projects for development and boosting the infrastructural growth across both developing and developed economies. As per the report published by Oxford Economics, the global construction volume is likely to grow by 85% at the end of the year 2030. Globally, with the rising need for better and more sustainable infrastructure, there exist the higher requirement for the new construction, which gives further opportunities for new construction projects. Also, the continuous renovation and refurbishment activities by the potential customers is also expected to increase the demand for flooring during forecast period.
With the growing global population at the alarming rate, the demand for construction is on peak. The growing population worldwide in combination with the rise in disposable income of the potential customer is fueling the demand for flooring uphill. To drag this further, the increase in the standard of living owing to high per capita income, has created higher demand for different types of flooring. Also, increasing migration of the population from the rural and sub-urban areas to the urban regions has also created higher demand for more residential apartments in the urban areas, which is expected to push the demand for flooring.
The growth of the global flooring market is mainly hampered by the high prices of the raw materials. With the volatile raw material cost, higher pressure is exhibited in the tariffs and margins for flooring materials and ultimately impacts the market demand. Also, the hike in the polymer cost along with the oil prices affects the manufacturers along with the suppliers, leading to the cost increase on the year on year basis.
This market research report offers a comprehensive analysis of key market trends in the global flooring market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by tactful feedbacks.
The report on the flooring market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2019-2024 (2019 estimated year, forecasted up to 2024)
Value (USD Million) Volume (Million Square Meter)
Asia-Pacific, North America, Europe, Middle East & Africa, South America
For the scope of report, In-depth segmentation is offered by Forencis Research
Flooring Market, by Type
Flooring Market, by Application
Flooring Market, by Region
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
2 RESEARCH DESIGN & SCOPE
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.2.1. Ongoing construction projects for building residential and commercial infrastructure
4.2.2. Growing global population, rise in per capita income along with betterment in living standard
4.3.1 Fluctuation in the raw material prices
4.4.1. Emergence of new materials
4.5.1 High maintenance cost associated with the vinyl and hardwood flooring
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 FLOORING MARKET BY TYPE, Market Size in USD Million and Volume (Million Square Meter) (2017—2024)
6.2 Tiles Flooring
6.3 Wood and Laminate Flooring
6.4 Mosaic Flooring
6.5 Stone Flooring
6.6 Carpet Flooring
6.7 Others (Glass, Brick, Epoxy)
7 FLOORING MARKET BY APPLICATION, Market Size in USD Million (2017—2024) and Volume (Million Square Meter)
7.5 Others (Pathways and Walkways)
8 FLOORING MARKET BY REGION, Market Size in USD Million (2017—2024) and Volume (Million Square Meter)
8.1 North America
8.2.6. The Netherlands
8.2.7. Rest of Europe
8.3.4. South Korea
8.3.6. Rest of Asia-Pacific
8.4 Middle East & Africa
8.4.1. Saudi Arabia
8.4.3. Rest of Middle East & Africa
8.5 South America
8.5.3. Rest of South America
9 COMPETITIVE LANDSCAPE
9.2 Market Ranking/Share Analysis of Key Companies
9.3 Company Benchmarking
10 COMPANY PROFILES
10.1 Mohawk Group
10.1.1 Company Overview
10.1.2 Financial Overview
10.1.3 Products/Solutions/Services Offered
10.1.4 Key Developments
10.1.5 SWOT Analysis
10.2 Homag Group AG
10.3 Shaw Industries Group
10.4 Congoleum Corporation
10.5 Tarkett S.A.
10.6 USG Corporation
10.7 Owens Corning
10.8 Beaulieu International Group N.V.
10.9 Interface, Inc.
10.10 Mannington Mills Inc.
10.11 Other Key Companies
11.1 Key Industry Expert Insights
11.2 Primary Discussion Guide
11.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain