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Hard Surface Flooring Market Size

Report ID: GMI6149
Published Date: Jul 2023
Report Format: PDF

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Hard surface flooring Market Size

Hard Surface Flooring Market size was valued at USD 4.88 billion in 2022 and is expected to register over 3.1% CAGR from 2023 to 2032.

Hard Surface Flooring Market

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The expansion of the residential & commercial sectors has led to an explosion in construction & refurbishment initiatives, which will stimulate the industry growth. There is a high consumer demand for flooring selections such as hard surface flooring that require the least maintenance and is resistant to wear & tear. The sector has also witnessed numerous technological breakthroughs, leading to the launch of cutting-edge products with improved & advanced attributes. These innovations will drive hard surface flooring demand as consumers request for products that provide both performance and design.

Hard Surface Flooring Market Report Attributes
Report Attribute	Details
Base Year:	2022
Hard Surface Flooring Market Size in 2022:	USD 4.88 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	3.1%
2032 Value Projection:	USD 6.62 Billion
Historical Data for:	2018 to 2022
No. of Pages:	215
Tables, Charts & Figures:	251
Segments covered:	Product type, Installation type, Application, Distribution channel, Region
Growth Drivers:	Gaining popularity of waterproof & water-resistant technologies Preferences for sustainable flooring options Increasing infrastructure construction Growing population
Pitfalls & Challenges:	Price volatility and variations Procurement of raw materials Intense competition among manufacturers

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Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of hard surface flooring reached USD 4.88 billion in 2022 and is projected to expand at 3.1% CAGR during 2023 to 2032, backed by the expansion of the residential & commercial sectors that has led to boom in construction & refurbishment initiatives.

The vinyl flooring accounted for a major industry value of USD 138 million in 2022 due to the fact that luxury vinyl tiles have become highly sought-after in recent years for their look, feel, and favorable features.

The U.S. dominated North America hard surface flooring industry size with a major revenue of USD 1.22 billion in 2022 and will generate significant returns from 2023-2032, owing to the growing housing sector and increasing investment in house redevelopment initiatives.

Mohawk Industries, Shaw Industries, Armstrong Flooring, Tarkett, Mannington Mills, Congoleum, Beaulieu International Group, Interface, and Karndean Designflooring