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Flooring Market Analysis

  • Report ID: GMI122
  • Published Date: Nov 2022
  • Report Format: PDF

Flooring Market Analysis

Flooring Market By Product

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The non-resilient flooring industry is expected to be worth USD 470 billion by 2032. Factories often deploy heavy-duty equipment and machines which require hard surfaces such as concrete to provide reinforcement and stability at their bases. With industrialization growing at a staggering rate, the number of manufacturing facilities is expected to rise, augmenting the demand for hard non-resilient floorings.
 

Flooring Market By Application

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The industrial flooring market is estimated to amass USD 33 billion by 2032. Flooring is an essential element in various industrial applications including aviation hangers, refineries, and manufacturing facilities. Growing government spending on manufacturing plants, in addition to swift industrialization, has thus augmented the demand for these floorings. Further, shifting consumer priorities towards chemical resistance flooring with high mechanical strength and enhanced finishing ability will also increase product acceptance.
 

Global Flooring Market By Region

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The Asia Pacific flooring industry size is projected to attain 4.5% gains between 2023 and 2032. This is attributed to the speedy infrastructural improvement across developing economies such as India, Vietnam, and China. India is estimated to witness a substantial increase in construction expenditure and may potentially surpass China, which has the largest regional economy, over the forthcoming years. Additionally, India and China are anticipated to account for over 40% of the global construction output by 2030.
 

Government initiatives such as "Housing for All" and "Smart Cities Mission" which aim to increase housing and infrastructure development in India, will significantly contribute to the growth. The government's focus on the development of affordable housing and the improvement of transportation infrastructure is also expected to drive construction spending in the country. With the resultant surge in construction projects, the demand for building elements such as flooring will surge significantly, creating strong opportunities for regional flooring market progression by 2032.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of flooring surpassed USD 440 billion in 2022 and is expected to exhibit 4% CAGR between 2023 and 2032, owing to increased spending on construction.

Flooring industry share from the non-resilient flooring product segment is anticipated to be worth USD 470 billion by 2032, on account of accelerated industrialization and the growing number of manufacturing facilities.

Asia Pacific flooring industry is projected to attain 4.6% gains through 2032 due to rapid infrastructural development in China and India, among other Asian regions.

Amtico, Armstrong Flooring, Congoleum Corp., Forbo Flooring Systems, Gerflor, Interface Inc., and Kingspan Group Public Ltd are some of the companies operating in the flooring business scenario.

Flooring Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 26
  • Tables & Figures: 233
  • Countries covered: 22
  • Pages: 219
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